PayPal Co-Founder, Bitcoin Investor Thiel Says Bitcoin Could Be Chinese ‘Weapon’
(finance.yahoo.com)
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The Chinese have very cheap electricity.
They could control the value and crash it after everyone puts their money in.
I have friends who are Bitcoin millionaires and spend their days desperately trying to conver it to cash without getting it seized for tax fraud or money laundering.
I got one friend that took $500,000 every penny he had and put it into Bitcoin and he refuses to sell it. He's holding $6million worth. He says he feels the stress. lul
If it's stressing him out, he should at least cash out his original $500K.
Just tell him to exchange some of it to DAI, that's tied to the USD but runs on Ethereum, hence anonymous and tax free. Then get a crypto debit card and he'll never need to cash out because he can now pay with DAI in any store that accepts card.