Post
Topic
Board Bitcoin Discussion
Re: Can owning 1 Bitcoin make you rich in 2023?
by
bangjoe
on 15/04/2023, 16:49:08 UTC
So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

My personal opinion about financial freedom from bitcoin is to avoid third parties as a depository and money transfer service that I have, avoid bank monitoring, payment for deposit services every month or year if I keep it in a bank, transactions that take a long time especially if want to make transactions with friends who are abroad, and I fully control the ownership of my money if I save it in bitcoins.
if I keep it in the bank it will be easy to detect the money that I have by the government and can be subject to wealth tax fees every year if money that meets the standard of excess wealth is required every year to pay even though I keep the money in the bank, the last one is the problem of inflation which makes my money less valuable if I keep it in the bank for a long time and many more.