To anyone with anyone still with any doubt in this hear me out.
I am a millennial, my parents bought there first house for around about 60,000 usd in the 90s in the UK. That same house, is now worth over a million, it’s not even fancy town, my dad was a steel worker in a factory. My mum worked part time and they had 2 kids. They purchased a 4 bedroom detached hoise with a garden on a single income.
The purchasing power of my parents has fallen off a cliff, they are wealthy on paper because they have housing, but the cost of everything from energy, food, water is astronomical, they just don’t have housing to worry about unlike the rest of us. We all know the financial system is ****** and stacked against us, this doesn’t just affect millennials, this affects all future generations after boomers and Gen X.
Once Gen X and the boomer generations have offloaded their only assets for the equity (housing) they need to survive we will be entering a new age of neo feudalism where this “wealth” is extracted and transferred to the capitalist owning class and everything is rented back to us.
Bitcoin is the first time our generation has been given an asset that isn’t already hyper inflated. Unfortunately with time, with how the cryptocurrency market is being integrated with the traditional finance. the result will be the same. The value of this is going to skyrocket. In 10 years I believe bitcoin will probably be over 500kusd.
In the Uk they just announced they are going to start taxing pension contributions where as before it was done when you withdraw from your pension. The state is looking for the money and this will get worse with time, they aren’t going to tax their masters or the tax dodging corporations so retirement is going to get harder from here on out.
Stack as many sats as you can, use it as pension. Good luck. 🤞
submitted by /u/SFWaleckz [link] [comments]r/CryptoCurrencyRead More
You might also be interested in reading YFI, AAVE, COMP plunge 10% — 3 reasons DeFi is seeing a huge correction.
