Why Millionaires Need Bitcoin

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In this video, I discuss why millionaires need Bitcoin.

As we near the end of the long-term debt cycle, there are numerous signs of government finances in trouble and property rights being eroded. If you own only paper assets (stocks, bonds, funds, etc) and real estate (immobile and subject to jurisdiction risk), you may not be able to protect your wealth from a ravenous state and its irate citizens.

Bitcoin is the best way to protect your wealth from monetary debasement, censorship, and confiscation. BTC gives you optionality, since it can easily be taken anywhere (even in a brain wallet, by memorizing just 12 words).

If you are trying to solve for the problems that we have discussed in this video, don't buy a Bitcoin ETF. It will just sit there in your brokerage account along with your other stocks and ETFs, vulnerable to attack or freezing, while the real BTC is sitting over at Coinbase Custody, subject to a 6102-type attack.

Buy real BTC and hold it on a hardware wallet like the Coldcard, or Blockstream Jade.

Not investment advice! Consult a financial advisor.

Lincoln suspends habeas corpus:
https://www.gilderlehrman.org/history-resources/spotlight-primary-source/proclamation-suspension-habeas-corpus-1862

Executive Order 6102:
https://en.wikipedia.org/wiki/Executive_Order_6102

Private property rights being slowly eroded:
https://www.hoover.org/research/why-shoplifting-now-de-facto-legal-california
https://wpde.com/news/nation-world/ny-homeowner-arrested-after-changing-locks-on-alleged-squatters-report-says-nyc-adele-andaloro-flushing-queens-kathy-hochul-eric-adams-big-apple-abc-7-long-island-arrest-handcuffs-squatting-home-rights
https://twitter.com/Euristic3000/status/1213401472701997056

US debt/GDP:
https://fred.stlouisfed.org/series/GFDEGDQ188S

Great places to buy Bitcoin:
https://www.s..