Post
Topic
Board Economics
Re: Global Migration of Millionaires. Can Bitcoin change this scenario?
by
minairia3
on 29/07/2020, 14:01:43 UTC
Some millionaire move there wealth not because of the countries they are in will steal it but because they stole the money and are looking for countries to hide it away in, large millions if not billions leaves African countries to other countries from corrupt leaders/politicians and are hidden off.
I hope bitcoin does not become like an -option/alternative- for these likes.
Could be another reason. But LoyceV is right, probably its about taxes, avoiding it on a larger scale by hiding and evading government dues. Its much easier if they could convert their funds to bitcoin. But of course still this is not a safe haven for fiat. Nothing will change on their wealth but only becomes a digital asset. Im curious why some China millionaires leaving their funds away from their own turf? Maybe they dont like the way system works there and looking for greenish pastures to start and multiply their money again.