No, you don't get it.
He does not have $1 trillion sitting in cash, it is 99% stock in his companies.
To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.
Okay, but now Elon has $100b in cash, and can "solve the world's problems".
$100b divided by the world's 8 billion people is $12
If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.
But everyone on earth could have one nice meal and you could revel in your altruism.
The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag.
- While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible
- The privacy from AI, govt, big tech narrative demands perfection not improbability
- I read about the exploit yday, and didn't appreciate how it violated my narrative mental map. The 30% dump, made me rethink, and I had to take profit on the entire position
- We will consistently re-evaluate our thinking and if my assumptions are proven incorrect, will rebuy, hopefully at lower prices.
- Privacy is priceless and I have no issue eating humble pie and rebuying much higher.
We still hold $WLD and are excited for Lord Elon to pump our bags.
Just a fun observation: the only people you see complaining about free research.
Typically have massive paywalls.
And get upset others are disrupting their business models.
I get tons of institutional/hedge fund offers.
But instead of doing things for institutions only or through heavily paywalled subscriptions.
I just publish my ideas to retail investors for free.
I think it’s about time retail has a level playing field?
@Tigermine_ Trading #BTC has been difficult in the last few months, it was better to trade in past years. I think PA will move a lot more smoothly soon enough.
But yes, I agree that there are tons of opportunities in stocks. Check out the stocks video I just posted.
https://t.co/Lox1bu39Es
@omzcharts I think you are good trader. But personally I will stop trading bitcoin if not shorting unless there is any momentum around it. Better long any AI infra or photonics or power stocks will give better gains. GL.