Money can’t buy happiness, but Bitcoin can

In one interview Recently, businessman Bill Pulte discussed the Bitcoin allocation and its price outlook. The millionaire stated that families need to invest in BTC because:

“BTC buys happiness because it lifts people out of poverty in the developing world … happiness is economic freedom.”

How much a family should allocate to crypto in their basket, he explained:

“As much as you can, but don’t lose your mind.”

Pulte stressed that there are concerns about a “corrupt government that is devaluing the local currency” by printing more money. Hence, he believes that being assigned to BTC will instead give people economic power. In addition to his humanitarian point of view, the millionaire believes that the US is grappling with a protracted inflationary crisis. The level of inflation that reduces the value of dollars and can be settled in bitcoin.

“I don’t understand why the federal government isn’t buying Bitcoin.”

He also stated that the government cannot shut down Bitcoin. Instead, he maintains an optimistic view of BTC and predicts the following:

“I think the world will see BTC hit $ 1 million per coin.”

In this regard, he advises Bitcoin investors to hold the asset for the long term. Pulte isn’t the only member of the elite who believes BTC will be very valuable in the future. MicroStrategy’s Michael Saylor previously highlighted BTC as a store of value.

“Bitcoin is like Manhattan, if you owned it in the 19th century, would you ever sell it or sell it short? … HODL BTC is a business strategy, if you want to get rich you must have an account with high quality products like BTC.”

A recent survey by Goldman Sachs also found that around 15% of family offices worldwide, including 25% in America, have invested in cryptocurrencies. These families spend around 1-3% of their portfolios on digital investments.

Meanwhile, more than half of mainstream investors could start getting exposure to cryptocurrencies in the future, the report said. This shift is due to the fact that Bitcoin is viewed as a hedge against inflation or as a store of value.

However, the growing inequality between rich and poor must not be ignored. According to analyst Lark Davis:

“If you can really afford to buy a full bitcoin today, congratulations. You are rich! Because 1 Bitcoin is worth more than the average annual income of the majority of the world’s citizens. “

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Annie

According to Ambcrypto

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