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Well actually I’m not a millionaire in FIAT money, sorry for the clickbait title. But I am however a millionaire in Sats.

I was reading this article “Report says 4 out of 100 people in S’pore are millionaires”, and the TLDR:

• Singapore has 244,800 millionaires, which is about 4 out of every 100 people in the country.
• Singapore is ranked fourth globally in millionaire density and is expected to surpass Tokyo soon.
• Singapore is a top destination for migrating millionaires, with 3,400 high-net-worth individuals moving there in 2023 alone.

The Real Estate Dilemma

While the article did not indicate it, I believe large chunk of these millionaires asset is actually properties. Owning real estate is a hallmark of wealth in many countries, it’s essential to note that a significant portion of millionaire assets may be tied up in property. You know what is liquid and can be carried across borders with fast instant settlement costing just dollars of transaction fees, yes Bitcoin! As real estate assets are less liquid, making it challenging to access funds quickly in emergencies or for international transactions.

The Bitcoin Advantage

Bitcoin’s appeal lies in its liquidity and borderless nature. Unlike physical assets such as real estate, Bitcoin allows for instant money settlement with minimal transaction fees, making it a valuable asset in an increasingly digital and globalized world.

Preparing for the Future

In a world where fiat currencies face devaluation and economic uncertainty looms, diversifying assets becomes crucial. While owning a home is advisable, allocating extra income to acquiring more Bitcoin (Sats) can provide a hedge against future financial challenges. It’s a strategy that embraces the evolving landscape of wealth and prepares for what lies ahead in our ever-changing financial ecosystem.