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!
I had problem comprehending trading in general. I tried watching other RUclips 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
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
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
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 🙏
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.
@@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?
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!
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
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 - 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.
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.
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.
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
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.
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!
@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?
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 …
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!
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
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
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.
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!
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.
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?
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
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.
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
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 ❤.
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 RUclipsrs 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!!
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
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 😊
Hello Good Sir, just a quick note from an early and avid fan. The real reason why we in Europe and thus also NL (where I live) is that it has become extremely hard to borrow money from banks. This trend is lead by EU banking rules. They use the excuse that they want to protect the consumers. Like the establishment also wants to protect us from Digital Assets. I could go on about this with multiple examples. Warmly, Baldy (Former Institutional Derivatives Brokerage Owner on the AEX).
Jamie Dimon would be great as Treasury Secretary but Michael Saylor would hit the ground running with Bitcoin if he was selected. Can't go wrong with either one.
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!
honored to do so . thanks for being part of the fam.
How do we get on or signup for Patreon?
www.patreon.com/InvestAnswers
I had problem comprehending trading in general. I tried watching other RUclips 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
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
Wow, I’m bigger up than I think in terms of % of people in world with certain btc. Not top 1%, but good to know on the map…and I’ll keep stacking
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
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 🙏
I wish I had your talent stack for statistics. Short of that, I'm so psyched that you have it and are sharing it!! Many thanks!!
You can do it!
Trump's obvious selection for Treasury Secretary should be Michael Saylor. Bar none.
he is choosing Jamie Dimon
thoughts on Jamie as Treasury secretary James?
Saylor is not interested in that position. Im not even sure Dimon is interested.
at least we know where Dimon stands already . Gensler was wolf is sheep's clothing
he is the devil but all government officials are
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.
We are facing same situation in the US my friend
Victor, you can still be proud to be an Australian and not proud of your government.
The same here in Europe. So i think this is a global agenda. They all corrupt together.
If someone has 2500 SOL and no btc would you encourage them to swap some Sol for to become a whole coiner. (Approx 415 sol)
Not now no .I would ladder out of sol into btc next year .I'm heavy in solana also but not as heavy as you .
@@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?
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
score!!!!
Be careful of how much you borrow, you can end up on the street in a year like 2022 was.
@@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!
You are doing it 100% right. Borrow from the bank. Best type of leverage - can't get stopped out
I did the same. My friends thought I was mad but now I've just brought my second property with cash they think I'm clever 😂
This is Gold man , love the video ! Thanks James and Team !💪
Glad you enjoyed it!
Lowering "inequality" only good if you raise the bottom up, not tearing the top down.
Thats what Bitcoin does. it is the great equalizer.
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
I see a post from James I click like straight away.
I am so honored and humbled
Same here.
I messed up the last bull run - not this time. Already locked in some great profits, bought a condo, snagged some ETFs, now back to stacking sats
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 - 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.
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.
@@InvestAnswersyou’re awesome- I so happy to see you helping this person
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.
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
Thank you James
thank you for being here every single day
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.
EMEA: not much innovation and to much bureaucracy can’t be helpful weather they pay cash or barrow?
Thankyou James, no other channel like you on RUclips. Your analysis is pure genius! 👌🏼
Thanks to James and Co. we have a chance to reach the 1% and ensure our families future. This man is a god send.
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%.
They would need to own 212 billion USD of BTC to be 2% in.
It's about coins not dollar value
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!
Great content in that one, James.
🤘😎🤘
Not sure I can follow your math. BlackRock has $10t under management and $20b in BTC ETF. This is 0.2% and not 2% in my math!? Who’s wrong?
Bitcoin depot
Former Spac
Thoughts?
@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?
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.
8:40 you say 4.5 billion adults have over 1 million $. The graph says. 58 million people. 1.5% just FYI
Yeah, and there have been some more mistakes interpreting the pyramid: A lot of the numbers on the picture don't match with the mentioned numbers!
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 …
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!
Love stats and forecasts ❤ Thanks, James
Eerr, Blackrocks $20B of bitcoin with a $10T AUM is only 0.2% of AUM, not 2%
Thanks James! Do you think the etf hype is already priced in to BTC, ETH, and SOL?
not into SOL
Thank you !
You're welcome!
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
yikes
The only channel I have alerts on for.
thank you so much
BlackRock has 21B in BTC, so that 0.2% not 2%
Exactly
Aum of blackrock
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.
@@freedom9611 He said 1.93% of Blackrocks assets under management is in Bitcoin, which is wrong because its 0.19%.
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
BITCOIN Nov 2021 Bitcoin reached todays price without all of the ETF inflows and other big money inflows. Any thoughts?
not only but DEBT is not income and is therefore TaX Free!!! Debt is gorgeous.
it sure is when managed correctly... it made me :D
32 bitcoin??? May as well give up now
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.
Focus. Learn. Leverage. You can get there.
Why do you feel like you need to be in the 1%? Stack sats and stay humble. 😊
@@Neeper78 why not
@@Neeper78 correct sir. Accumulate what you can and don’t worry about anyone else. Of course James is just giving the info.
I buy more BTC after almost every video of yours I watch ! Thank you !
Thanks James
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!
Is it better to hold raw bitcoin or as a ETF?
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.
so true thank you for sharing
How about China on the list of new millionaires? Also, why the big decline for the Netherlands?
We are the world . We have a chance to make a better place so let’s start giving . It’s not what you have it’s what you are ❤
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.
Grazie
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?
Hey James do you think there will be a true next bear market and if so how low will bitcoin go ?I know way out there .
Debt only good if you use the money to make greater than the interest paid. Not squander on crap.
Always a good vid. Thank you
Glad you enjoyed it
Hi, does those wealth calculations take into account the different pension plans in different regions of the world?
Can you do a breakdown of the 1% to the .1% or .001% ?
yes
@@InvestAnswers you’re a good man. Thank you.
Doesn't borrowing money mean inducing debasement, which is not what we want??
Can you do a video like this for Solana ???
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
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.
James do you think MSTR or Bitcoin will be the better investment during this bull cycle?
MSTR outperforms in Bull Runs, under in Bear Markets
Thank you for the response! I will keep that information in mind.
The millionaires statistics is based mostly on the value of the homes or real estate these individuals possess for the most part
@4:27 James does this mean you will move Q&A and DCA Live to be 90min later so it’s 6pm start not 4:30am for Australia East Coast?
Hi James,
do you expect BIG companies like Apple, MSFT, why not NVIDIA even, to adopt BTC in some form at some point in time?
i think they all should
@@InvestAnswers i think so as well.. we can hope for the best : )
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
James, this is such an inspiring video - thank you!
Thx James
I read somewhere that 90% of jup tokens are held by 10 wallets. Is this true?
Love it thanks
Interesting stats. Thanks James and IA team
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 ❤.
That is awesome!
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 RUclipsrs 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!!
Thank you, James. As always
Interesting thanks James
Belgium
I would be happy. Tobe called a millionaire by 2030 even if it isn't worth that much.
First data says 1% is $1m. Last statistics say $7.4m. Which is it?
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
UK, the well off are leaving.
so sad to see that happening
Might be all those new Brits we have to pay for...
@@paddyanglais91 yes our new guests, coming to a beach near you.
thks James you and your team is awesome
UK tax system is an absolute sham. 60% tax rate once you hit 100k income. CGT allowances taken away. That's why we all want to leave this matrix
yikes
i wonder how smart it could be for a country to hand out a few thousand sats to its citizens today 💡
It's such a small amount, few would keep track of them and they would be lost.
Thankyou for the visual reality check cheers James from Underbelly Australia
🎉
Defining wealth as net worth?
Jimbo. Thanks for sharing your knowledge.
Any time!
First thing in the morning. James and pyramids. Love it.
Sydney AUST.
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 😊
Hello Good Sir, just a quick note from an early and avid fan. The real reason why we in Europe and thus also NL (where I live) is that it has become extremely hard to borrow money from banks. This trend is lead by EU banking rules. They use the excuse that they want to protect the consumers. Like the establishment also wants to protect us from Digital Assets. I could go on about this with multiple examples. Warmly, Baldy (Former Institutional Derivatives Brokerage Owner on the AEX).
Isn’t 2% of $10Y = $200B (not $20B)?
Best part about this channel is there no video editing. That would like telling Micheal Jordan to go sweep up.
Truth!
I always hit the like button on “Hey everybody “
hey buddy
When will institutions own the 0.01 of BTC ever spoken about????
6:36 You put Europe and Africa into the same "per adult" category.
This is insane!
that is how UBS did it
From Israel, like most places in the world it's getting ridiculously expensive but guess we're doing OK here.
❤🙏
Thank you very much James!!🎉 🇳🇱
You're very welcome!
Jamie Dimon would be great as Treasury Secretary but Michael Saylor would hit the ground running with Bitcoin if he was selected. Can't go wrong with either one.
Are you sure the numbers aren't already inflation adjusted?