James can we all get together for Patreon celebration when BTC hits 250k?! Love you and would love to tell you how much I appreciate you face to face and shake your hand!
James is right at the debasement is real I grew up in a house that cost $56,300 in 1983 it was a three-bedroom house. That same house sold last year for $267,000. It's not that the house became more valuable, it's because the dollars used to purchase the house became less valuable
I had problem comprehending trading in general. I tried watching other RU-vid trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow
@@InvestAnswers Is that a fact? If he were smart he would select Hester Peirce. Hopefully he catches the bug and gets orange pilled at the Nashville BTC conf...
Appreciate your work ethic alot of crypto shows turned into giant infomercials your the realist and 1 of the few shows I still watch after 4 years in the space
Aussie here. I've never been less proud to be Australian and more disgusted at our government. Australia today is an extremely different place to that of 15 years ago, before the "Australian Dream" became just a dream. I am eternally grateful to have found James and am already on track to escape eternal servitude to the corrupt Australian government.
I was hoping to hit a million this cycle but I definitely won't stop there trying so hard to get out of the rat race and listening to you will definitely help me thank you James 🙏
James - the math is totally wrong for being in the top 1% of wealth. The 7.9M refers to Switzerland only. In the US, you need a about 5.4M to be in the top 1%. Globally it's about 1.3M to be in the top 1%. It's obvious because 1M puts you in the top 1.5% globally. Please correct this mistake.
I'm from the UK, when I tell my friends I've had multiple bank loans to buy assets they don't understand why I would do it. It's simple maths, borrow at 2-10% make 100% percent + on crypto
@@pupacila26 I earn enough money to pay for the loans easily, the money I pay back is the money I was putting in every month anyway. I believe these loans will change my life this cycle, we can use the banks to make us rich, it's usually the other way around!
Hi James, You mention Japan alot recently and I appreciate it, but also, as one living I Japan, sometimes I honestly want your advice on what to do! - I mean, I need to pay such "a premium" for everything (btc, american stocks) these days with such a weak yen. It's horrible. BUT, I bought a house 4 years ago with an interest at 0.6% (not fixed) while prizes are booming so there's good things too so to my question --- is there some way I can use this situation of mine in my advantage to increase my wealth? (my salary is maybe usd 50k a year with today's rate.)
Thank you for sharing your situation and success with your low-interest mortgage. Given the weak yen and investment premiums, here are some tips to enhance your wealth: Consider refinancing your mortgage or using home equity for low-interest loans if your home value has increased. Diversify your investments across various asset classes like global equities, cryptocurrencies, and commodities. Use currency-hedged ETFs or Forex strategies to protect against currency fluctuations. To maximize returns, time your asset transactions for better profitability and reduced risk using the LILO Model. Optimize your buying strategy by investing more in bearish markets and less in bullish ones with the DCAS Model. Identify Bitcoin market tops and bottoms with the TABI Model to maximize returns. Regularly save and invest a portion of your salary for long-term growth. Maintain an emergency fund for unexpected expenses to avoid liquidating investments during downturns. Stay informed about global economic trends and use tools like the Macro Model to guide your decisions. Join the InvestAnswers community for shared research, so many gurus from all over the world in your same position.
Don't invest in American sticks via a Japanese brokerage . In fact, don't even tell your Am. Broker you're overseas. Have a U.S. address for all U.S. brokers. Different restrictive regs if the know you are not there.
@@NEOGAMINGcommunity thank you for your response👍🏽. what’s the rationale for next year? You thinking sol will be worth more than btc (relatively) than now?
Some of this info seems contradictory. The UBS wealth pyramid states that having a net worth of $1M puts you in the top 1.2 % globally. Then later its states that one needs a net worth of $7.4M to be in the top 1% globally. That is a big disparity. $7.4M seems too high of a bar for worldwide net worth comparisons.
James I love you my man but I think your math on Black rocks BTC holdings is off by a factor of 10. 21 billion out of 10.6 trillion makes up 0.19% not 1.9%.
I was off by ) sorry about that it's you know I work every day. I create 50 slides a day. It's rare when I make a tiny little mistake and that is one decimal point move. I will correct it in tomorrow's video.
@@InvestAnswers Totally get it. Small mistake. I'm a patreon member and not trying to troll. Love and watch all your videos quite literally. Have a good evening James
James is usually the first to notice his mistakes and call them out. It's amazing there are so few when you consider the amount of numbers he works with every day. Well spotted @albatross125 and no worries James - we know you are human!
I work with “the bottom “ and lots of things need to happen to bring bottom up. People struggling with basic needs housing, jobs, childcare and transportation do t think about investing sad to say
Thank you James - trying desperately to make it to millionaire status in the next couple of years. Joining Patreon a few years ago is certainly helping!
Great episode James. Because of the scarcity of BTC I am afraid to sell after the bull, In case that an extended bull like with the gold etf happens and I am not able to buy later at a lower price... We will figure out in time I guess. Thank You so much, always a pleasure to watch each episode! Take good care of yourself
12:46 In average wealth, Germany is in top 25. In median wealth it drops out of top 25. Damn, that´s a poor showing. The decreasing wealth inequality imho stems from the massive redistribution (Umverteilung) in Germany. Makes us "more equal", but leads to the pie getting smaller for everybody.
This is just based off the UBS report. But the average wealth to be on the top one percent right now is about $7 million but remember that's very heavily skewed to the upside.
2% of all Bitcoin (21,000,000). So Blackrock would have over 400,000 BTC…. But because of “lost coins” there are less than 21,000,000. He believes there are 14,000,000 to 15,000,000 left. So 2% of that number is what Blackrock holds. Over 300,000 BTC. Which is 2 percent of the total supply.
He said black rock assets under management is now made up of 2 percent of Bitcoin 98 percent of other assets Not that they own 2 percent of all bitcoin
@Jets228 I was born in the uk and a million pounds was a fortune... but now I rent out a million dollar apartment in the America's, it's really not that much anymore ❤
Comparing the wealth of individuals globally does not take into account the cost of living in individual countries. I am in Australia which is high on some parameters but the cost of living here is also very high. If I took my meager wealth and lived in say Vietnam I would be considered above average in wealth.
Hi james..sort of OT for this vid. We as subs all want SOL to be successful. There is a couple of elephants thinking might be topics for a video. Elephant 1: SOL officially was called not a security in July. Now they didn't approve the CBOE ETF because it might be a security. Elephant 2: People keep posting on X that SOL has a 15% inflation rate because they keep minting. Is this or is it not a concern. Thanks for your consideration and as always great content. A loyal follower.
Shit James….! ❤ love your channel and long time fan. This is one of your best videos. In the game sinds 2019. Learned my lessons and on top of it now sinds the last winter. And yes I am from the Netherlands… knowing now how to play the game Btc / eth and SOL all in. Render my top 4 success to all. Stay safe …
@lookingahead can you please help me with understanding how it’s relevant to talking always about how much black rock has brought in and such when charts show so much of that inflow came from investors leaving greyscale for the better horse, ibit. If that wasn’t the case would you be showing the same enthusiasm for ibit?
Math seems confusing. I think you consistently struggle with fractional percentages. Ie with respect to black rock AUM: 0.2% is very different from 2%. Similar error made on your btc “wealth pyramid” narration: 0.1% is different from one percent. Otherwise compelling and helpful. Thanks.
How is “wealth” measured in this data James? Does it include primary residence? Pension value etc? There are a lot of people living in and around London in fairly modest £million+ properties for example, who definitely don’t feel like millionaires!
Thank you, James, for your concern and thoughtful response. The video was very enlightening, and your observations about Europe, especially Germany, are spot on. I’m afraid this trend is just the beginning of what’s ahead!
this is UBS data - UBS Data is avg wealth of top 1% is 7.4M - but you gotta have $1M plus to join the club rem this includes people with billions which skews the data to the moon
James, since you say increasing wealth inequality is bad, how much influence will a politician's policy on crytocurrency influence wealth inequality vs. their other policies?
A high GINI index doesn't necessarily mean bad. There can be less inequality, but because everyone is poor. It also doesn't necessarily mean that the poorer get poorer, the richer just get richer a lot quicker than the poorer people
Don't forget to factor in the relative cost of living. People in CA have more money, for example, but it costs a heck of a lot more to live there. So really, they're not that much more well off than someone living in a low cost geo with half the wealth.
From the little I know as well, the borrowikg aspect (from my perspective, selling shares of a small cap that does decent over time to fund the other ai projects and btc) is giving me the option dca at a higher level than I would normally be able to put as cash into those in a checking account. And maybe if btc or any of them pop hard I can sell a few shares and buy back the small cap to replenish and repeat that process. Small caps are doing well this week, so it’s a good week I’m thinking to sell more and buy more ai plays. But certainly NFA.
Australia property is most definitely a bubble... BUT its a bubble propped up and viagrad by gov protectionist policy. Without doubt it must pop! But with each gov personally invested and none willing to cop it, all saying "not on my watch"... the inevitable is always inevitable. As an Australian I enjoy property with profits from earlt BTC investment but certainly would not risk the lifetime leverage most ussies risk on property mortgage. Rental returns give me my beer money without having to spend BTC
It's pretty depressing to be here in the UK at the moment, to be honest. Politics & wealth going in the absolute wrong direction. I love my country but we're in a serious mess and after our recent election, it's going to get exponentially worse. Hope depending on crypto / Tesla now for many of us. Thank you, as always, James 😊
Nice video …most people working a regular job that’s most people in the world…to get to 1 million for retirement typically takes a lifetime to accumulate …it’s interesting cause I feel these crypto RU-vidrs act like 1 million is nothing for most of the people on this planet hate to break it to ya-it is alot of money!! Probably need to think it through who’ the audience is …thx!!
I’m going to buy another pet Bunny rabbit, this makes me happy 😊 🐇 Happy investing everyone, ps be grateful for the people and the things in your life that you have now ❤.
I live in Denmark. I feel your lists of (dis)honorable mentions are a bit misleading. Inequality may have risen recently in Denmark, but I can guarantee you that you'd much rather be a "poor" person here than in the US. Heathcare and education ares covered by taxes, and you get support for housing if your income is low. It basically means that everybody has an equal shot for success and won't be held back too much by their social situation. It's mostly mental issues that hold people back, making them unable to take advantage of the possibilities. I see the bit of rise in inequality as not necessarily as a bad thing. It is a bad thing that people devoting their lives to earning money can't get much more than the rest. I don't support inherited wealth. That's the true inequality.
I wonder which countries are considered as Western Europe (this is a cold war expression, used when Europe was devided) and I wonder if the public debts are considered while counting the millionnaires
