588eth
@588eth
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If World War III breaks out, how should you preserve and pass on your wealth?
Let’s first define the types of wealth preservation
1. Sovereign currencies, such as the US dollar, RMB, Japanese yen, euro, etc.
2. Stocks and ETFs of listed companies, such as Apple, Google, gold ETF, etc.
3. Physical precious metals, such as gold, silver, etc.
4. Commodities, such as a warehouse of grain, a warehouse of steel, etc.
5. Equity of unlisted companies, such as Lego’s equity
6. Houses
7. Virtual currencies, such as BTC, ETH, XMR, USDT, USDC, etc.
8. Human beings, such as children, slaves, soldiers, etc.
Let’s first analyze the currency of a sovereign state. When a war breaks out, it will be waste paper. Who knows whether the next regime will recognize the currency issued before? Besides, can you flee with a few large boxes of banknotes? Some people say that if you deposit it in a bank, are you sure you can still withdraw the money? 1 reply
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According to News.bitcoin, a federal jury in San Francisco has convicted Rowland Marcus Andrade, founder and CEO of AML Bitcoin, of wire fraud and money laundering. Andrade will be sentenced on July 22, 2025. He faces up to 20 years in prison for wire fraud, up to 10 years in prison for money laundering, and forfeiture of assets related to his crimes.
According to evidence presented at trial, Andrade, 47, of Texas, misappropriated more than $2 million from AML Bitcoin sales for personal expenses, including the purchase of two Texas properties and two luxury cars. He laundered investors' funds through various bank accounts and then used those funds to finance his purchases. The jury found that Andrade falsely represented that AML Bitcoin was about to be approved by the Panama Canal Authority, when no such agreement existed. Through these false statements, he raised millions of dollars from investors. 0 reply
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