Many crypto millionaires are facing the same tax problems as multi-generational wealth has for years. Despite their massive gains, they are not willing to leave the crypto game and are struggling with the tax implications of pulling out their funds into cash.
Investing at an early entry price matters in getting good returns. With a lot of new categories and traditional industries getting disrupted, software will displace many industries, including the video game industry with AI tools that will allow everyone to create and consume their own games.
In this transcript, the speaker talks about the rebuilding of financial infrastructure in the cryptocurrency world and how new features will be built that didn't exist in the real world. The speaker also discusses the possibility of putting Ethereum or Bitcoin in a savings account or playing no loss lotteries.
Those who understand the underlying technology and monetary policies of Bitcoin may be more likely to switch to new editions in order to maintain the value of their money over time.
The latest craze in NFTs is digital horses, where users can speculate and trade them for profit or participate in games. The primary value is in the speculation and potential for profit, but there is also a gaming aspect to it.