Billionaires and Bitcoin

[erep]

If you were a billionaire in the United States, how terrified would you be to see a foreign national's assets and bank accounts blocked for no reason of their own?

If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?

In the case of current war tensions, the government enforces impartial regulations for foreign billionaires who own assets in the country, it is an important note if you are a billionaire United States must find a solution to keep assets anonymized to prevent unilateral regulator decisions to freeze assets.

Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.

Due to the impact of asset freezing, billionaires worldwide will analyze the use of assets not to violate government regulations, otherwise they have no choice but to get involved in Bitcoin.

[TopT3ns]

I do agree that this situation with the Russian Oligarch Sanctions from most parts of the world will definitely open up thoughts to other forms of investments especially Bitcoin Investment since sanctions on your country can affect you at no time even if you are not involved in Government, I imagine whet the ordinary Russian Citizens must be felling right now.

I think all cryptocurrency exchange never heard about what asking by United State government after Russia move transaction and have planning with cryptocurrency as legal currency payment when getting suspend by all nation country. I think look feedback and track record how many time United State get cases and make bad news with cryptocurrency and they try how to make crypto gone as legal transaction payment but now try to get help for all exchange market stopping and banned Russia member after invasion to Ukraine. Never give positive respond with United State offering with cryptocurrency and keep have the same service for all people around the worlds.

[FrozenBit]

It is difficult to come up with a rational view on this, as they are all looking for their own arguments from every angle. If we support this, it will be unfair to those billionaires, and vice versa. This is really a big problem. It's political, national, and global. Soon we will see what the consequences of this action will be.

[passwordnow]

There's a likely that when the situation even gets worse, they're going to use a way to hide all of their wealth and as much as they can save it from the sinking economy and to avoid the freezing if it's being held by a financial institution.
Well, these billionaires can also be tricky, they can just simply put their money into different assets like gold, real estate, bonds and other investments aside from bitcoin.

Let us put it this way, they won't reach their status if they don't know what they are doing.
They know better more than anyone how to manage their assets, with or without crisis.
Besides, they have other people taking care of their wealth.
So for me, they don't need advise from us because they know more than anyone how to secure their assets.
At this stage, if they are a billionaire, they already surpassed a lot of challenges along the way.
And they very well know where to put their assets in case of possible challenge in the horizon.

We're not giving them advise and even if we do so, they're not going to listen to us. It's true that these billionaires have gone far and they're wiser than us and they know what they've been doing.
It's just so happen that we've got ideas that they might try to do even though they don't really need our ideas. Anyway, I'm very sure that if it's about hiding their wealth, they have mastered it already and likely they're aware of bitcoin's existence.

[blatchcorn]

I believe you are referring to the recent sanctions of Russian billionaire Roman Abramovich because of Russian-Ukriane war. Bitcoin can be a life boat for them. If you are careful with your privacy, the government won't be able to track your bitcoins easily.

Well it's a two edge sword bitcoin on one hand provides you safety and privacy but on the other hand if you lose you bitcoin be it 1$ or billion dollar worth you can't recover it. So if you are moving your billion dollar worth investment on bitcoin blockchain then keep this thing in your mind.
Bitcoin till date is mostly used for asset storage. You still need to move to Fiat for your daily living.

[Ararbermas]

Well i can say bitcoin can save our money from any problems that might possible to happen in our country especially when it comes banks.
For example in Russia, their fiats are freeze because of sanction so now they are trying to bypass it using bitcoin.  So surely it now a lifeboat to them despite of the situation..

[Marvell1]

Billionaire vs bitcoin, maybe this applies to a country that is at war, maybe Russian billionaires are starting to fear and start to be wary of their wealth being confiscated by other countries, such as Chelsea boss Abramovich, who suffered tremendous losses, and he was not allowed to manage the club again, maybe bitcoin will be a good repository for billionaires to hide their assets, so the state can't confiscate their wealth, because we know bitcoin is a very valuable asset, only we know about the assets we have.

Bitcoin will help them avoid punishment or unreasonable confiscation of assets, but the volatility of bitcoin will make them feel insecure about putting their assets in bitcoin. Not to mention the risk of putting all your eggs in one basket. Like us, bitcoin is good is the future but I am sure we will also split our money into different investments not just bitcoin.

[cryptomaniac_xxx]

Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.

They become billionaire for nothing, so for sure they already have a lot of back up plans with regards to their assets and investments. Maybe some of them have diversified and include bitcoin already together with some oil, gold and other assets. So I don't think they are going to be afraid and fearful at the moment. On the contrary they might have taken advantage of some situations around to go and multiple their money again. Russian Oligarchs though are different cases.

[Jating]

It's the masses that should be afraid, not the billionaires. Most if not all billionaires have all the connections they need to survive and live their lives normally. The masses, however, are pretty much screwed if they got their financial freedoms revoked.

Exactly, they might have anticipated that one day this is going to happen so they are not afraid but they are going to survived. Who knows, they could have stash some personal money ready in case something happen. Cash is still the king and they could have use a lot of their cash to survive and live during this extremes time. It's the ordinary people that will have the problem to survived because in normal they might be having hard time what more if there is wwIII?

[Vatimins]

     You know what op, even without the issues that has been going on nowadays, the fear is still there and has been for a long time ago. But you have to consider, billionaires or at keast most of them are billionaires for a reason; - They are smart. And how many billionaires do you think are without bones in their closets? Probably few. To keep the long story short, the threat exists but not in a way that frightens the billionaires out of their wits.

[Haunebu]

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.

[19Nov16]

When you hear bitcoin today, of course, many people think only rich people can buy, but we have the same opportunity to profit by daring to make a decision to buy immediately, don't just hear stories of successful people from bitcoin but immediately do it so that other people can tell.

[henmark]

I do not think that there would be any situation where American billionaires would get their accounts frozen from anywhere. It is easy to do that to Russia and Russians because we are talking about a nation that the west doesn't like. Hell it is obvious and known that NATO was build against Russia, no matter how involved they are, European union and all but NATO was against Russia and making sure they do not start attacking others (Didn't work well).

So, it is clear to me that billionaires from the USA do not have anything to worry about as long as their money is not in nations like Russia or China. Just stay away from your nations enemies, and you can invest into other west nations.

[Eternad]

It is difficult to come up with a rational view on this, as they are all looking for their own arguments from every angle. If we support this, it will be unfair to those billionaires, and vice versa. This is really a big problem. It's political, national, and global. Soon we will see what the consequences of this action will be.

There’ll be no problem for them as long as they can do transactions in crypto, sanctions may not burden them a lot as long as they will find alternatives to all the banning that been put in them but if crypto like Binance or other exchanges will join in putting restrictions to the users that can be a time there will be a problem though billionaires can just go visit other countries or ask someone if ever they needed it.

[MCVXYZ]

Well i can say bitcoin can save our money from any problems that might possible to happen in our country especially when it comes banks.
For example in Russia, their fiats are freeze because of sanction so now they are trying to bypass it using bitcoin.  So surely it now a lifeboat to them despite of the situation..

I understand that many sanctions only work if people are using their currency instead of dollar or euro, therefore they will try to create their own digital one, but what can they do when the market is so volatile? I don't think they will risk their billions in crypto market. They won't be able to use exchanges too,because of the occasions like this - ,,Coinbase announced earlier this week that it had blocked 25,000 Russian-linked cryptocurrency addresses''-Ryan Selkis

[teosanru]

If you were a billionaire in the United States, how terrified would you be to see a foreign national's assets and bank accounts blocked for no reason of their own?

If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?

Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.

Exactly on point. This is so foolish of the western government to make individuals suffer for their leader's decision. This thing that west has just done would ensure that no billionaires keep their investments in these western countries, they can at any time on their wish decide to block your access to your foreign assets, seize your accounts based on what suits them. I liked how Binance and other foreign exchanges rejected the plea of these government to seize crypto assets of Russian citizens, even then I would suggest one should always keep their assets in private key so that no government in the world can decide when you control the asset and when not.

[usekevin]

It is difficult to come up with a rational view on this, as they are all looking for their own arguments from every angle. If we support this, it will be unfair to those billionaires, and vice versa. This is really a big problem. It's political, national, and global. Soon we will see what the consequences of this action will be.

There’ll be no problem for them as long as they can do transactions in crypto, sanctions may not burden them a lot as long as they will find alternatives to all the banning that been put in them but if crypto like Binance or other exchanges will join in putting restrictions to the users that can be a time there will be a problem though billionaires can just go visit other countries or ask someone if ever they needed it.

You should look this in a different manner.If the government of all the country in this world, had legalized the bitcoin.Then the billionaire was not like to hold the money in crypto was your thought.But you had keep something in your life.When you had involved in certain things, you should look all the possible way of approach to get away from it or get solve of such things with a alternative methods.

[romero121]

It's the masses that should be afraid, not the billionaires. Most if not all billionaires have all the connections they need to survive and live their lives normally. The masses, however, are pretty much screwed if they got their financial freedoms revoked.

This is being proven with the ongoing war between Ukraine and Russia. The sanctions have made the common public suffer and not the billionaires. The net worth value might've fallen, but there living hasn't got disturbed. Even in some articles this is being published that Putin is living his life as the past, but his act have made his people forget how they lived in before the war.

[Slow death]

I think you are creating a problem where there is none, not all billionaires are being sanctioned, only billionaires who support Putin or who have had or have ties to Putin are being sanctioned, what are governments doing with these sanctions and for for billionaires to punish or make Putin stop this senseless war, that's what governments want. so we cannot think that all billionaires are being sanctioned. another point is that bitcoin will not help billionaires, billionaires will not sell their assets or take all the money they have to buy bitcoin

It's the masses that should be afraid, not the billionaires. Most if not all billionaires have all the connections they need to survive and live their lives normally. The masses, however, are pretty much screwed if they got their financial freedoms revoked.

This is being proven with the ongoing war between Ukraine and Russia. The sanctions have made the common public suffer and not the billionaires. The net worth value might've fallen, but there living hasn't got disturbed. Even in some articles this is being published that Putin is living his life as the past, but his act have made his people forget how they lived in before the war.

the people need to know how to choose their leader, this is another example that when the people delude themselves and choose a leader who is no good, it's always shit

[famososMuertos]

About this regulation, for example, the Russians have millionaire investments in London in real estate, if they were confiscated, they would only be touching such a small percentage that they do not cause any damage to their assets.

I suppose they have anger but not worry, at least the great billionaires, it is obvious that some are in trouble but the great fortunes are so well protected that it is only a matter of waiting.