These options are dirt cheap
$100K #BTC by EOY 2024 = 5X return
That seems like a 50/50 chance
$100k BTC by EOY 2025 = ~4.5X return
This seems like it has a 90% chance of happening (if not better)
What am I missing here?
Disclosure: just bought some 30 strike 2026 Jan expiry
Let's see how they do
My trade is already up 3% 🔥🔥
I post about #Bitcoin    so much because all #BTC    owned by regular, everyday people is BTC that can't be owned by banks.
WAKE UP.
We probably won't get another opportunity like this in our lifetimes.
STUDY BITCOIN.
Blackrock's #Bitcoin ETF now holds 130,231 #BTC, up 3,281 from Thursday.
Their total holdings are now worth $6.65 BILLION.
Blackrock now holds 0.62% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
On Friday, Blackrock clients bought 3.5x the newly issued supply.
People keep saying you can write off interest on a mortgage but don't seem to understand what that means...
So let me explain:
Interest is the cost of borrowing money.
For easy numbers, let's say you pay $1,000 in interest on your mortgage and earn $50,000 in the year.
You may be able to take that $1,000 you paid in interest OFF THE TOP OF YOUR TAXABLE INCOME.
Let's say you owe 20% tax on income above $40k.
You would save 20% of the amount you can write off... not the whole $1,000!
You would now owe taxes on $49,000 instead of $50,000.
You STILL spent an extra $800 in interest that YOU WON'T GET BACK.
Don't pay interest just because you think "it's a write off" - that's stupid.
Canada is giving Ukraine another $3 BILLION
This is why I buy #Bitcoin
Let's redo the calculation based on the quoted tweet...
$402,000 home
20% down-payment
$321,600 mortgage
With a 6% interest rate and a 30-year term, you are paying $372,535.62 in interest.
The $402,000 house cost you $774,535.32.
This is equal to a $2,151 monthly rental payment, plus you pay for maintenance and repairs.
Houses cost so much because people can borrow money that's created with the press of a button to buy them.
If everyone had to pay in cash for their home, prices would drop significantly.
Most people think mortgages are designed to help them.
But NO.
Mortgages are designed to earn profits for banks.
Let's redo the calculation based on the quoted tweet...
$402,000 home
20% down-payment
$321,600 mortgage
With a 6% interest rate and a 30-year term, you are paying $372,535.62 in interest.
The $402,000 house cost you $774,535.32.
This is equal to a $2,151 monthly rental payment, plus you pay for maintenance and repairs.
Houses cost so much because people can borrow money that's created with the press of a button to buy them.
If everyone had to pay in cash for their home, prices would drop significantly.
Most people think mortgages are designed to help them.
But NO.
Mortgages are designed to earn profits for banks.
JUST SMASH BOUGHT $1.00 OF #BTC🔥🔥
BLACKROCK WILL NEVER OWN THESE 1,409 SATS
If you think #Bitcoin    is a Ponzi scheme but you don't think the real estate market has turned into one...
Then you're an idiot like this guy 🤣🤣🤣🤣🤣
Bitcoin has no centralized party to set up a ponzi scheme.
Bitcoin is a better asset than RE and it's currently in the process of being monetized.
This guy will keep denying that Bitcoin is the best asset to own until Bitcoin costs $1M or more.
These people think they know more than Blackrock and Fidelity.
Real estate investors need new generations to continue buying RE.
They expect 5-10% growth each year because they don't want to work.
A house that costs $500k today will cost $5M USD in 2060 at a 7% growth rate...
Be realistic - if a house costs $5M, how much does a loaf of bread cost?
They hate that I talk about Bitcoin, because if you choose to buy Bitcoin instead of buying a house, their ponzi doesn't get those dollars.
My plan for the next 5 years:
Spend less
Earn more
Buy #Bitcoin with the difference
I think Nano, the cryptocurrency, is a game of finding a greater fool to buy your coins.
Holders do this by spreading lies about #Bitcoin, like "the security budget problem."
Opt out of this corrupt system with #bitcoin
A BP employee's husband made over $1M through insider trading.
He listened to his wife's call without her knowledge and overheard a conversation about BPs takeover of Travel Centers of America.
He faces up to 5 years in federal prison and a possible $250,000 maximum fine.
Isn't it crazy how this guy is going to jail...
But Nancy Pelosi's husband is just seen as a "Lucrative Stock Trader"?
I know the USD dollar is a much stronger currency than the Naira...
Compared to BTC, it's worthless.
But have you considered that the US government may eventually start issuing trillions of dollars in treasuries to buy Bitcoin?
What would happen to the US Dollar in that case?
Have you considered that the US government can increase taxes on capital gains to collect more money to buy Bitcoin?
This may be unlikely...
But what happens to your stocks and real estate at that point?
This is more likely to happen than governments controlling the network.
What are the chances that the USD/BTC or CAD/BTC chart looks like NGN/BTC in the next 10 years?
This is kind of scary to think about if you have no exposure to #Bitcoin
Today, Bitcoin is worth 83 Million Naira.