{"id":631644,"date":"2024-09-11T17:55:22","date_gmt":"2024-09-11T21:55:22","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=631644"},"modified":"2024-09-11T17:55:25","modified_gmt":"2024-09-11T21:55:25","slug":"how-to-become-a-millionaire-2","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/09\/11\/how-to-become-a-millionaire-2\/","title":{"rendered":"How to Become a Millionaire"},"content":{"rendered":"\n

Big idea: how to store<\/em> value without a trusted intermediary? \u00ef\u00bf\u00bc<\/p>\n\n\n\n

One of the issues with batteries, electric cars, Teslas\u00e2\u20ac\u00a6 You cannot store the value, store the energy! It will slowly bleed. I suppose one of the upside of having a Prius, is the gasoline will sit in your car, and not lose value or energy or power.<\/p>\n\n\n\n

Also\u00e2\u20ac\u00a6 If you think about MPG is like maintenance cost\u00e2\u20ac\u00a6 Then he or she becomes the richest, is basically predicated on the fact of here who has the lowest maintenance costs.<\/p>\n\n\n\n

the secret of becoming rich \u00ef\u00bf\u00bc\u00ef\u00bf\u00bc<\/h2>\n\n\n\n

OK, now with my net worth with Cindy and Seneca over 1M, 1.2M and beyond\u00e2\u20ac\u00a6 I suppose now I can say I am a \u00e2\u20ac\u0153millionaire\u00e2\u20ac\u0153.<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Save 1,000 years.<\/p>\n\n\n\n

.<\/p>\n\n\n\n

The anti kid<\/p>\n\n\n\n

The anti dad?<\/p>\n\n\n\n

.<\/p>\n\n\n\n

What don\u00e2\u20ac\u2122t you want your kid to be like or become when they get older in high school?<\/p>\n\n\n\n

Was Mark Zuckerberg homeschooled?<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Physical risk, real physical land.<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Consumption on the left, saving on the right<\/p>\n\n\n\n

\u00ef\u00bf\u00bc
\u00ef\u00bf\u00bc.<\/p>\n\n\n\n

Saving \u00e2\u20ac\u00a6 no belief?<\/p>\n\n\n\n

.<\/p>\n\n\n\n

$14B tax bill<\/p>\n\n\n\n

Why you got to pay attention –><\/p>\n\n\n\n

.<\/p>\n\n\n\n

.1% maintenance costs<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Longest duration asset<\/p>\n\n\n\n

Longest duration strategy<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Digital capital<\/p>\n\n\n\n

.<\/p>\n\n\n\n

No tax, no traffic, no attendance, no tort, no trouble no mayor no weather no corrosion no regulator<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Strip way all the bad stuff add the good stuff.<\/p>\n\n\n\n

Nobody resents you<\/p>\n\n\n\n

Invisible indestructible, immortal, teleport Abel, programmable, divisible, musical, fungible, configurable<\/p>\n\n\n\n

Symphony with capital<\/p>\n\n\n\n

440 hertz<\/p>\n\n\n\n

\u00ef\u00bf\u00bcmanipulate harmonial<\/p>\n\n\n\n

Harmony<\/p>\n\n\n\n

None of the detriments<\/p>\n\n\n\n

$10M a Bitcoin until they figure it out<\/p>\n\n\n\n

$100M in Africa 100 years<\/p>\n\n\n\n

Nothing. Entire continent<\/p>\n\n\n\n

What will you capitalize on ? Lebanese pound?<\/p>\n\n\n\n

Chinese and Europeans don\u00e2\u20ac\u2122t want their currency<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Digital dollars > Digital euros<\/p>\n\n\n\n

Manhattan<\/p>\n\n\n\n

Never sell apartment in manhattan<\/p>\n\n\n\n

Manhattan or Nothing<\/p>\n\n\n\n

$50K out of China out of China limits<\/p>\n\n\n\n

Capital controls<\/p>\n\n\n\n

Why volatile<\/p>\n\n\n\n

Anyone anywhere, useful<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Volatility ,,, feature not a bug.<\/p>\n\n\n\n

Cross collateralized<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Don\u00e2\u20ac\u2122t eliminate volatility! Volatility is vitality and life ***<\/p>\n\n\n\n

Superior return over long term<\/p>\n\n\n\n

Superior yield<\/p>\n\n\n\n

Superior interest<\/p>\n\n\n\n

Performance<\/p>\n\n\n\n

Y correlates to SP 500<\/p>\n\n\n\n

The holy grail<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Asset without counter party risk<\/p>\n\n\n\n

,<\/p>\n\n\n\n

Not anti culture<\/p>\n\n\n\n

Sharpe ratio<\/p>\n\n\n\n

Reason from first principles<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Don\u00e2\u20ac\u2122t study data just think about it<\/p>\n\n\n\n

Don\u00e2\u20ac\u2122t look backwards ***<\/p>\n\n\n\n

Godzilla goes to playground<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Bitcoin is Godzilla!<\/p>\n\n\n\n

I am Godzilla!<\/p>\n\n\n\n

24% magnificent 7<\/p>\n\n\n\n

SP, 13%<\/p>\n\n\n\n

Real estate 10%<\/p>\n\n\n\n

Bitcoin 46%<\/p>\n\n\n\n

Annualized asset performance<\/p>\n\n\n\n

\n\n\n\n

Bitcoin has never been hacked only exchanges<\/p>\n\n\n\n

.<\/p>\n\n\n\n

All major crypto\u00e2\u20ac\u2122s are collapsing against Bitcoin<\/p>\n\n\n\n

.<\/p>\n\n\n\n

ETH collapsing<\/p>\n\n\n\n

Copied 4M times all losing<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Ask chat<\/p>\n\n\n\n

Larry Fink<\/p>\n\n\n\n

.<\/p>\n\n\n\n

July 15, 2024– Larry Fink black rock chairman and ceo<\/p>\n\n\n\n

Bitcoin is legitimate<\/p>\n\n\n\n

3 year, 99% up<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Digital gold<\/p>\n\n\n\n

Real need for everyone to look at one alternative<\/p>\n\n\n\n

iBit, ETF blackrock bitcoin<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Bitcoin is backed by power ***<\/p>\n\n\n\n

700 exahash<\/p>\n\n\n\n

18 Gigawatts<\/p>\n\n\n\n

$800B invested ,,, 200 week simple moving average<\/p>\n\n\n\n

420m crypto, 220M people own bitcoin ***<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Stupid money is other stuff<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Digital capital war<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Defensive to opportunistic then opportunistic<\/p>\n\n\n\n

.<\/p>\n\n\n\n

We just buy all the time , no red dots no selling<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Since 2020\u00e2\u20ac\u00a6 Four years, 226,500 bitcoins on balance sheet, acquired for 8.3 billion or $36,000 a bitcoin<\/p>\n\n\n\n

\u00ef\u00bf\u00bc
.<\/p>\n\n\n\n

46% a year<\/p>\n\n\n\n

Micro strategy<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Lever it.<\/p>\n\n\n\n

910% micro strategy<\/p>\n\n\n\n

854% NVIDIA<\/p>\n\n\n\n

Tesla, 129%<\/p>\n\n\n\n

Google, 100%<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Secret?<\/p>\n\n\n\n

.<\/p>\n\n\n\n

What companies do you really really like anymore?<\/p>\n\n\n\n

I don\u00e2\u20ac\u2122t really like Tesla that much anymore \u00ef\u00bf\u00bc\u00ef\u00bf\u00bc<\/p>\n\n\n\n

Buy NVIDIA?<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Real Training, real fitness?<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Steve jobs think different ***<\/p>\n\n\n\n

Blog different think different ,.,<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Shoot different<\/p>\n\n\n\n

Live different<\/p>\n\n\n\n

Be different<\/p>\n\n\n\n

Lift different<\/p>\n\n\n\n

2020 to 2024 crazy years<\/p>\n\n\n\n

Point 99, 2034 \u00e2\u20ac\u00a6<\/p>\n\n\n\n

May 2010 pizza day<\/p>\n\n\n\n

April 2011 Satoshi disappear<\/p>\n\n\n\n

Become property 2014 IRS<\/p>\n\n\n\n

.<\/p>\n\n\n\n

2017 hive goes public<\/p>\n\n\n\n

2018 fidelity digital assets<\/p>\n\n\n\n

2020 negative interest rates<\/p>\n\n\n\n

SAB 121 repeal.<\/p>\n\n\n\n

August 2024<\/p>\n\n\n\n

Jan 2025 ,,, fair value accounting<\/p>\n\n\n\n

August 2024\u00e2\u20ac\u00a6 Morgan Stanley approval of IB, FBTC for solicited sale \u00ef\u00bf\u00bc
.<\/p>\n\n\n\n

You got 10 years to obtain ***<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Point 99 reflexive price shock<\/p>\n\n\n\n

All you got is 99% by December 26, 2034\u00e2\u20ac\u00a6 3759 days, or 10.3 years<\/p>\n\n\n\n

1.145 million of bitcoin, or 74 billion \u00ef\u00bf\u00bc<\/p>\n\n\n\n

.<\/p>\n\n\n\n

$2B, raised 2.4B<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Point99, offset by lost bitcoin<\/p>\n\n\n\n

Inflection point becomes the first deflationary<\/em> asset ***<\/p>\n\n\n\n

.<\/p>\n\n\n\n

Think 10 years!<\/p>\n\n\n\n

.<\/p>\n\n\n\n

First perfect money<\/p>\n\n\n\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

Big idea: how to store value without a trusted intermediary? \u00ef\u00bf\u00bc One of the issues with batteries, electric cars, Teslas\u00e2\u20ac\u00a6 You cannot store the value, store the energy! It will slowly bleed. I suppose one of the upside of having a Prius, is the gasoline will sit in your car, and not lose value or […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-631644","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/631644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=631644"}],"version-history":[{"count":1,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/631644\/revisions"}],"predecessor-version":[{"id":631645,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/631644\/revisions\/631645"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=631644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=631644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=631644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}