return2ozma@lemmy.world to News@lemmy.world · 11 months agoEvery billionaire under the age of 30 inherited their fortune, new report findslockfortune.comexternal-linkmessage-square32fedilinkarrow-up1315arrow-down113
arrow-up1302arrow-down1external-linkEvery billionaire under the age of 30 inherited their fortune, new report findslockfortune.comreturn2ozma@lemmy.world to News@lemmy.world · 11 months agomessage-square32fedilink
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up9arrow-down1·11 months agoSo you’re saying crypto is not worth anything until you sell it? Sounds like they aren’t billionaires except on paper.
minus-squareCosmic Cleric@lemmy.worldlinkfedilinkEnglisharrow-up4·11 months ago Sounds like they aren’t billionaires except on paper. That seems like the norm actually, and not the exception. CC BY-NC-SA 4.0
minus-squarecatloaf@lemm.eelinkfedilinkEnglisharrow-up4arrow-down1·11 months agoThat’s typically what it means, yes. Having large amounts of cash is generally a bad idea, because over time inflation makes it worth less.
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up5arrow-down1·11 months agoAssets other than cash have value. Land, for example.
So you’re saying crypto is not worth anything until you sell it? Sounds like they aren’t billionaires except on paper.
That seems like the norm actually, and not the exception.
CC BY-NC-SA 4.0
That’s typically what it means, yes. Having large amounts of cash is generally a bad idea, because over time inflation makes it worth less.
Assets other than cash have value. Land, for example.
Yup, same as TSLA