Joe Biden wants to tax billionaires 25%.
He says it would raise $400 Billion over the next 10 years.
He forgot to mention something important though:
The US government's problem ISN'T related to income (it just borrows more whenever it needs).
The problem is SPENDING.
The US government is adding $1-3 trillion to its debt EVERY YEAR.
It pays $1 TRILLION in interest alone each year.
Taxing billionaires will make absolutely no difference, other than leading to a flight of capital to other tax-friendly countries.
When billionaires are taxed, do you think the US government will just randomly stop spending more than it earns?
This seems more like a way to get more votes than anything by appeasing the people who don't understand finance.
$400B is NOTHING when it comes to how much the US government is spending.
At some point, instead of "tax the billionaires," we will see a new narrative forming:
"Tax the millionaires"
Then: "Tax the thousandaires"
Then: "Let's just keep everything."
Blackrock's Bitcoin ETF, IBIT, now holds 228,612 BTC, up 4,967 from yesterday.
Blackrock now holds 1.09% of the total supply of BTC, with its total assets valued at $15.9 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 5.5x the newly issued supply yesterday. 
Blackrock clients are RAMPING UP their purchases of Bitcoin.
Blackrock's Bitcoin ETF, IBIT, now holds 223,645 BTC, up 8,020 from yesterday.
Blackrock now holds 1.06% of the total supply of BTC, with its total assets valued at $16.4 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 9x the newly issued supply yesterday. 
The worst-case scenario for most people is #Bitcoin going to $100K, then $250K, then $500K, then $1M+.
There is so much money on the sidelines "waiting for a dip" that we can't even get below $68.5k.
You need to understand that MOST PEOPLE HAVE NO ALLOCATION.
This is game theory playing out - everyone is trying to predict everyone else's next move... and retail investors will be the ones who make the worst decisions here.
STOP WAITING TO BUY IF YOU HAVE CASH SET ASIDE. You will be able to buy less Bitcoin each week/month/year for a very long time.
Blackrock's Bitcoin ETF, IBIT, now holds 215,625 BTC, up 11,871 from yesterday.
Blackrock now OFFICIALLY holds OVER 1% of the total supply of BTC, with its total assets valued at $15.4 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 13x the newly issued supply yesterday. 
Blackrock's Bitcoin ETF, IBIT, now holds 203,754 BTF, up 7,769 from yesterday.
Blackrock now holds 0.97% of the total supply of BTC, with its total assets valued at $14.7 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 8x the newly issued supply yesterday. 
Blackrock's Bitcoin ETF, IBIT, now holds 195,985 BTC, up 4,853 from Thursday.
Blackrock now holds 0.93% of the total supply of BTC, with its total assets valued at $13.6 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 5x the newly issued supply on Friday. 
Bitcoin has reached a brand new all time high of $71K.
Hundreds of billions of dollars will be used to buy BTC over the next few years.
A lot of this will come from Wall Street firms buying BTC.
The general public had a 15-year head start and bought a large portion of the total supply.
The wealthy will offer lalarger amounts of cash to take that BTC away from current holders, and there's nothing anyone can do to stop them.
$100K+ USD BEFORE the halving doesn't seem ridiculous anymore.
It took the Bitcoin network 15 years to go from having no value to being worth $1 trillion
In the next 15 years, I think the Bitcoin network will be worth MORE THAN $100 trillion and 1 BTC = ~$4.7 million+
When there's not enough Bitcoin for sale, billionaires will offer ANYTHING to own some.
You'll be able to get:
- Houses for 0.01 BTC
- Cars for 0.001 BTC
- A month of groceries for 0.00001 BTC
They will give you everything you need...
Because YOU have what THEY want.
Blackrock's Bitcoin ETF, IBIT, now holds 191,132 BTC, up 3,601 from yesterday.
Blackrock now holds 0.91% of the total supply of BTC, with its total assets valued at almost $12.9 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 4x the newly issued supply yesterday.
Bitcoin is going to $1M.
This is the solution to almost every economic problem we have.
There will only be 21M.
Less than 1% of people have figured it out.
15-25% coins are likely lost forever.
Only 6.4% of the supply is left to be produced.
Why aren't people getting this?
If you want to learn about Bitcoin, take my Bitcoin fundamentals webinar:
Blackrock's #Bitcoin ETF, IBIT, now holds 187,531 #BTC, up 4,186 from yesterday.
Blackrock now holds 0.89% of the total supply of BTC, with its total assets valued at almost $12.6 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 4.5x the newly issued supply yesterday.
70-90% of the people reading this right now will be saying "I wish I knew about Bitcoin" 10 years from now when it's trading at $1M+
Even though I spend every single day posting about it from morning to evening trying to reach as many people as possible
No matter what I do, most people will ignore what I say and go on with their lives
If you're taking action, you deserve all the wealth coming your way
There's a very strong chance that #Bitcoin is the second most valuable asset in the world within 6-18 months 👀
There's a chance that Bitcoin will become the MOST valuable asset within the next 5 years.
We, average retail investors, are lucky that #Bitcoin is in so many people's blind spot.
Many wealthy individuals cannot imagine storing their hard-earned wealth in something they can't touch.
This will cost them millions and even billions over the next 10-15 years when they finally bend the knee.
All of this wealth will be transferred to anyone who does the work to understand, buy, and hold Bitcoin
Blackrock's Bitcoin ETF, $IBIT, now holds 183,345 BTC, up 12,624 from yesterday.
This is their BIGGEST daily purchase so far.
Blackrock now holds 0.87% of the total supply of BTC, with their total assets valued at almost $12 billion.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought 14x the newly issued supply!
Blackrock acquired another 6,000 BTC yesterday.
Total value of their holdings: $11.4 Billion
$1M BTC by 2034 is VERY conservative.
This would require a 31% annual return in fiat terms
Bitcoin has returned almost 80%/year in terms of US Dollars over the last 5 years WITH FTX trying its hardest to keep the price down
Wall Street firms aren't stupid enough to risk bankruptcy to keep the price down
Blackrock's Bitcoin ETF, IBIT, now holds 164,501 BTC, up 3,236 from Thursday.
Blackrock now holds 0.78% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought almost 3.5x the newly issued supply on Friday!
