Billionaires and Bitcoin

[SFMHodler]

As a billionare you would probably have your wealth spent in many different classes of assets, so even if the get their bank account frozen, they will have offshore companies and whatnot.

[Accardo]

Billionaires are not made up of one asset like you think. They are scared but, have an upper hand than those that got nothing left with them because of the War. A billionaire could have Gold, silver even diamonds that people don't know about. Freezing their account is a treat to them because of the business that made them a billionaire. Some of them in other countries that see stuff like this happen to their colleagues will learn to hold other tangible assets like Gold, bitcoin or save their funds in a vault located outside their country.

[bussybuddy]

But what are the issues to be considered? Whether we're looking at the outcome of this event or looking at the cause of it, I feel like everything they're doing to control is necessary in response to the stressful actions. It may not be equal for the people involved, but are we living, studying, and working worthy of that right? Our obligation to life is to love and care for each other. Competition will only lead to us losing more and more of our rights.

[wozzek23]

Billionaires? Lol. The last thing anyone would worry about is how billionaires cope with these sanctions for obvious reasons. They are more than capable of handling themselves which is why worrying about them in this manner is silly.

Some of them have invested in BTC and other popular cryptocurrencies over the years and have made a killing through them.

But, who will think about it billionaires??? What about their superyacth that has smaller yacth and helipad on top of it!! Won't someone please think of them??? (( All jokes aside nobody really cares about them.

There are like maybe 100 people, or even like lets say 5000 people in the world (not the forbes list, the real ones with hidden wealthy AND some of the forbes ones) that could literally pool their money together and turn this world into paradise. I am not even joking, people like Putin, mao, Saudi king etc etc, ALL the hidden wealthy people in the world, plus some of the forbes people could get together and make the world great. So excuse me if I do not care what happens to them.

[Blended@]

This is funny,billionaires and bitcoin....there is no competitive because no need to go to bitcoin business any more because it already be a billionaire so is to help people to grow an also invest on people life than take it to bitcoin again you are a billionaire so please.

[BIT-BENDER]

Bitcoin is decentralized especially when you are performing transactions on a decentralized exchange, or platform. Many billionaires or even average Bob are getting involved in Crypto some to have that much needed freedom and enjoying all the utilities using Crypto offer but some are strickly on a investment plan this type may not be avoiding the government except the government has put a Ban on crypto-currency.

[TheGreatPython]

They likely knew something bad was going to happen with their wealth before it did.  Everyone knew ever since the first day of the war that Russian billionaires would become a target of the West.

Bitcoin can save them, but if the West is so aggressive with the sanctions then more Bitcoin usage could backfire on us.  They want the Russian billionaires to go broke, they do not want them to find an escape.  So ultimately, they could take decisions that affect AND help us.  Think of the exchange bans for Russian IPs.  Sucks!  But simultaneously, this is going to lead to more people looking for Decentralized Exchanges.

I don't think they saw it coming because if they did then why would they keep on storing their wealth in banks? I believe that most of the millionaires and billionaires keep their money in the banks but that is reasonable because there are no bitcoins before but now that bitcoins are here, it's their chance to migrate their wealth only if they don't want their money to get stuck in the banks.

On what means bitcoin can backfire us? it will be more regulated or will get banned, something like that? But, that was expected I guess and I think some of these events are already happening but we are still stronger. I like it more when people started praising decentralized exchange because lately most people focus only centralized exchanges.