🇵🇹 PORTUGAL: 0% CAPITAL GAINS TAX ON BITCOIN IF YOU HOLD FOR 1 YEAR.
HOLD BTC FOR 365+ DAYS AS A PORTUGUESE TAX RESIDENT AND PAY ZERO TAX ON YOUR GAINS.
ONE OF THE MOST CRYPTO-FRIENDLY TAX REGIMES IN EUROPE.
Elon Musk’s SpaceX Is Coming For Your Bitcoin. Here's the Mechanism.
TimeStamps:
00:00 Elon Musk Becomes Worlds First Trillionaire
01:26 SpaceX Bitcoin MasterPlan
03:25 Why Is Bitcoin Selling-Off?
05:29 The Mechanism
Elon Musk’s net worth is now $1.1 trillion.
If you made $1,000/day or $365K/year it would take you over 3 MILLION YEARS to catch up to him.
If you made $10K/day = 300,000 years
If you made $100K/day = 30,000 years
If you made $1M/day = 3,000 years
Since 1971, the US dollar has lost roughly 99% of its value against gold. The pound lost more. The euro, about the same. Pick a fiat currency, any fiat currency, and the chart is the same melting line.
Gold didn't get more valuable. The money got worse. 1971 is when the dollar's last tie to gold was cut, and the line has bled downhill every year since, because a currency that can be printed without limit will be printed without limit. That is not a conspiracy. It is an incentive.
Gold told the truth about that for fifty years, and almost nobody acted on it, because gold is hard to hold, hard to move, and easy for a government to call in. So people kept the melting money instead.
Bitcoin is gold's lesson with the friction removed. A hard cap of 21 million, held by you, moved by you, callable by no one. Same escape hatch, no vault, no permission, no exit anyone can close.
The dollar has been telling you what it is since 1971. The only question left is what you hold instead.
Michael Saylor: “25% of the Mag8 now hold Bitcoin on their balance sheets.”
Mag8 includes: Alphabet (Google), Amazon, Apple, Meta, Microsoft, Nvidia, Tesla, SpaceX
"Bitcoin is too big to double."
Nvidia: $1T → $3T in 13 months.
Nvidia: +$330B in a single trading day.
Gold: $2,000 → $4,100 at a $25T market cap.
Bitcoin needs ~$610B of inflows to reclaim $120K. The last run raised $649B without a single euphoric week.
Markets this size double all the time.
Bitcoin isn't too big.
BREAKING: 200 top crypto companies just sent a joint emergency letter to the US Senate demanding that Congress pass the CLARITY Act immediately:
• Coinbase
• Solana
• Galaxy
• Mara
• Phantom
• a16z
• Kraken
• Aave
• Hyperliquid
• Uniswap
• Aptos
• Ledger
• Block
• BitGo
• Zcash
• 1inch
• + more
VENEZUELA’S NEXT LEADER PROPOSED SOMETHING MASSIVE:
SELL THEIR OIL FOR BITCOIN AND BUILD A GIANT BITCOIN RESERVE.
THIS WILL MAKE THEM ONE OF THE RICHEST NATIONS ON EARTH.
FIRST EL SALVADOR, NOW VENEZUELA.
🚨 US ECONOMY IS IN HUGE TROUBLE
US inflation data was just released, and it's really bad.
CPI jumped to 4.2%, its highest level in 3+ years.
Core CPI jumped to 2.9%, its highest level in 9 months.
And this is happening when the US economy is in contraction.
US Q1 GDP came in at 1.6% vs 2% expected.
This means people are facing high costs, while their income is stagnant or going down.
But that's not all.
The US-Iran war which is causing the most inflation is far from over.
Today, Trump said that he is very close to ordering new strikes on Iran.
If that happens, oil route will get even more disrupted.
Not only that, Iran could begin striking oil and energy facilities, causing supply crunch and pushing inflation even higher.
And if this happens, the Fed will be left with no choice but to hike rates just like 2022.
This will make the situation worse and could even push the US economy towards recession.
I have been warning of this outcome for some time, and it seems like we are getting closer to it.
Are you a Bitcoiner who thinks Bitcoin will go up 20% per year?
This is Strategy’s Bitcoin hoard value if that happens, with them raising $2B/mo from STRC.
The green bars are the annual dividend obligation.
Remember, all of the haters literally cannot do math.
Any time you see someone concerned about the growing dividends… just show them this.