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James Lavish Intelligence test: If you could have $1M USD in a savings account or 10 BTC in a cold wallet, and you can touch neither for 10 years. Which do you take?

My Answer

$1M with Interest in 2032 = $1,218,99410 BTC value in 2032 ≈$7,083,567Real PP Value of $1M in 2032 = $454,004 Real PP of 10 BTC in 2032 $3,215,965

#Bitcoin for the win! #FIAT the garbage pile

Comments

Anonymous

Yeah get that gahbaaaaage outta here

Anonymous

BTC easily 😎

Anonymous

5 Btc and a bunch of Tesla i’d do, then sell covered calls

Anonymous

Garbage pile is absolutely right. BTC doesnt have a debt ceiling....

Anonymous

Can I take the 1M cash and use it to buy 37BTC today? 😏

Anonymous

James would love to see 1mil in TSLA calculation and also 1mil split between TSLA & BTC.

Anonymous

$1M cash then buy BTC. Lol

Anonymous

People saying buy bitcoin with the $1M cash ain't reading it correctly. It states you can't touch either for 10 years.

Anonymous

I intuitively said "bitcoin" before reading on. :-)

Anonymous

One could really call it a Stupidity test should one have chosen the former😐

Anonymous

not even a question!

Anonymous

Everyone’s goals are not the same. Depending on where you live you maybe able to buy 4 houses with 1m cash. If each house makes you 1k per month that person can be retired and not care about much else. So it depends on your goals and situation

Anonymous

As an aside. The world and technology will change in ways we cannot know. For time horizons like that, thank humanity we have more options than these two assets.

Anonymous

Could. 1k tax free? 1k after tax and costs etc.. hmm I wonder which ones.

Anonymous

1M cash then buy 33% BTC, 33% TESLA and GOOGLE ; 33% downpayment for a new construct multi family rental that cash flow. Your risk is significantly reduced, guaranteed cash flow via real estate and you can sleep better. Bitcoin can go to zero, it’s possible but not probable.

Anonymous

yep esp with AI here and quantum looming I'm thinking the chance of Bitcoin going to zero might be higher than 1% now, or what if someone creates a Bitcoin alternative that is truly better (or at least more popular) than Bitcoin or at least sucks all the oxygen and money out of the room. just an idea, not married to it. (I've heard of the idea that Bitcoin could be quantum hardened)

Anonymous

I guess selling ur bitcoin after 10 years to use it has no tax implications???? It’s just a point. Don’t miss the forest for the trees

Anonymous

1m cash and put that into a tax free life insurance policy……”Compound interest, is the 8th wonder of the world”. (Albert Einstein)