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For those who will get rich sooner or later, this prediction is often accurate.
As the saying goes, "Wealth is the realization of cognition. Money earned by luck can also be lost due to lack of strength."
Whether a person can get rich and whether he can keep it after getting rich are deeply affected by fate. And those who can get rich sooner or later actually have obvious signs.
We don't have to worry about the late arrival of wealth, nor do we have to be complacent with the arrival of wealth.
People with the following four characteristics will get rich sooner or later:
—— 01 ——
Dare to try
On the road to getting rich, the first step is often to try. Those who can make money have one thing in common: dare to step out of their comfort zone and dare to try new things.
If you want to get a higher income through job promotion, you might as well try it boldly when you are applying for a job, and you may be selected.
If you want to increase your income source through a side job, you can collect more information about side jobs in your daily life, find something you are interested in, and try it with a small amount of cost first.
If you don't try, you will never know how well you can do and how far you can go.
In this era of rapid change, no one can accurately predict the future. Because life is always full of variables.
But if you don't try, you are always afraid of change, afraid of new things, self-satisfied, and limit yourself to a familiar small circle, you can only stay where you are and miss countless opportunities.
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Recently, an explosive news shocked the cryptocurrency circle: Trump actually holds more than $10 million in cryptocurrencies. This "ruthless man" who once criticized Bitcoin has now quietly joined the cryptocurrency investment army.
This makes people sigh: "You say no, but your body is very honest."
Is Trump's move based on the future potential of digital assets, or is he "gambling" on the high risk and high return of cryptocurrencies? Although the $10 million may be just a drop in the bucket for him, there is a lot of meaning behind this wave of operations.
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In recent weeks, Bitcoin has pulled back 15% from a high of $108,000 to $92,000. As a result, anxious investors often ask whether they have entered a bear market.
First, a common sense: In a bull market for Bitcoin, even a pullback of more than 30% may occur more than once, so it is too early to draw conclusions now. Today, I want to focus on the fact that Bitcoin, as an asset, has crossed the "consensus tipping point". This is crucial.
"Consensus tipping point" is a term I coined, which refers to the turning point where an emerging asset goes from being likely to return to zero to almost certainly becoming a mainstream asset. Before crossing this point, it may fail at any time, or for some reason it will always be tepid, with only a few people participating. But after crossing it, it will accelerate the recognition of everyone. At the beginning, it may be little known, and those who know it may be contemptuous or pessimistic. But I don't know when it started, as if everyone suddenly reached a consensus, everyone recognized it, and everyone participated.
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Unfavorable news! The Federal Reserve released a major minutes on interest rate cuts
On January 8, local time, European stock markets plunged during the session, and the performance of various countries' indexes varied. The UK FTSE 100 index rose slightly, while the French CAC40 index, the German DAX index and the European STOXX50 index all fell slightly.
In the US stock market, the three major indexes fluctuated. The Dow Jones Industrial Average and the S&P 500 index both rose slightly, while the Nasdaq index continued to fall. The trend of large technology stocks diverged, with Microsoft, Apple, Tesla and Amazon all rising slightly, while Nvidia and Google-C fell slightly, and META fell by more than 1%. In addition, quantum computing concept stocks fell collectively, with Rigetti Computing and Quantum Computing both falling by more than 45%.
On the same day, the Federal Reserve released the minutes of the monetary policy meeting in December 2024. In the minutes, Federal Reserve officials expressed concerns about higher-than-expected inflation and the possibility that policies after Trump took office might exacerbate inflation, and hinted that the pace of interest rate cuts might be slowed down due to future uncertainties.
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Trump starts to crash the market, the U.S. shifts blame, the Renminbi changes course, and three prophecies are about to come true
On January 8, just as the Federal Reserve's meeting minutes are released, continuing to send 'hawkish' signals and with Trump set to officially start his second term on January 20, the latest news reports that Trump is considering declaring a national economic emergency in the U.S. This has caused assets related to the 'Trump market' to plummet rapidly, and overnight, Trump has changed the dynamics. An invisible storm is brewing, and various signs indicate that after Trump's return, a hurricane-like cycle of harvesting and blame-shifting will be triggered.
Behind this is Wall Street's serious doubt about the stability of the U.S. economy after Trump's sweeping return to Congress, which is sweeping through the U.S. financial markets, further complicating an already turbulent period. The Federal Reserve's sudden and clear indication that it will cut rates later and less frequently suggests that the worst moments for the U.S. financial market are about to arrive. Markets dislike uncertainty; however, the rapidly changing inflation dynamics in the U.S. precisely create this uncertainty, and Wall Street traders are preparing to face an even fiercer storm ahead.
On January 8, the cryptocurrency market, representing the trading barometer for Trump, suffered a significant setback, while U.S. Treasuries were indiscriminately sold off. The yield on the U.S. 10-year benchmark Treasury rose by 0.52%, returning above 4.7%, and was fiercely sold off, while the soaring U.S. dollar index continued its upward trend.
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Little X: I ride horses every day, and the horses I ride are the most expensive in the world.
Musk: In addition to the stars and the sea, I also need to accompany my children to enjoy happiness.
Once, I thought that he only had Mars, Tesla and X in his eyes, but in fact, Musk is just an ordinary father. He said: "My children are the happiest thing in my life."
In front of a pile of gifts, he accompanied the child gently. At this moment, all the technological ambitions turned into ordinary and warm family affection.
The end of technology is to accompany family. Perhaps, the ultimate goal of life, in addition to conquering the stars and the sea, also needs to have such simple and real happiness.
Musk holds the child in one hand and points to the stars with the other hand. This is his parenting philosophy. He is not only a dreamer who pushes human civilization into space, but also a father who is willing to spend time with his children. In his eyes, the future is not only on Mars, but also in the eyes of the next generation. Maybe the child does not understand what the "Mars dream" means, but he is feeling his father's faith in his own way.
The vastness of the world and the warmth of the family, these two dreams are not contradictory, they are intertwined, which is the real meaning of life. May every child witness infinite possibilities in love and hope!
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He hid these bitcoins, worth $3.3 billion, in a bag of Cheetos.
Let’s get to know Jimmy Zhong.
In 2012, Jimmy discovered a flaw in the dark web market 'Silk Road.' By continuously clicking the withdraw button, he was able to obtain bitcoins exceeding the amount deposited.
He repeated this operation and ultimately stole 51,860 bitcoins, which were worth $700,000 at the time.
After the theft, Jimmy used a cryptocurrency mixer to launder the money and enjoyed a luxurious lifestyle: staying in luxury hotels, shopping at high-end stores like Gucci and Louis Vuitton, and purchasing a lakeside villa equipped with a yacht and jet skis.
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Trump plans to shape the United States into the "global cryptocurrency capital" and "Bitcoin superpower". There are signs that the Trump administration intends to learn from the development experience of the European dollar during the Cold War, intending to further consolidate the global dominance of the US dollar through the circulation of Bitcoin and stablecoins in the digital age.
On July 27, 2024, Trump delivered a speech at the Bitcoin 2024 Conference in Nashville, Tennessee. Image source: Associated Press.
Previously, the Brookings Institution released a report written by former U.S. Commodity Futures Trading Commission Chairman Timothy G. Massad in April 2024, "Stablecoins and National Security: Lessons from the Eurodollar". The report analyzes the historical rise of the Eurodollar and highlights the regulatory risks and opportunities that may arise from the rapid development of stablecoins.
Two months later, former House Speaker Paul Ryan mentioned the Eurodollar in an article. He believed that stablecoins could not only create new demand for U.S. Treasury bonds, but also resist the impact of the digital RMB in global currency competition.
In October of the same year, the Treasury Department released a report detailing the impact of cryptocurrencies on the U.S. Treasury market. The report pointed out that although the digital asset market is still small, it has had a marginal impact on the demand for short-term treasury bonds, showing potential strategic value.
After Trump was elected, he appointed several people with close ties to cryptocurrencies to join the team, such as the incoming Secretary of Commerce, Lutnick, who is a major shareholder of Tether, the issuer of the major stablecoin Tether (USDT).
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Breaking news from the Federal Reserve: Only 75 basis points of interest rate cuts may be made in 2025
On January 8, local time, the three major U.S. stock indexes closed with mixed gains and losses. The minutes of the Federal Reserve meeting showed that officials were concerned that Trump's policies would push up inflation and sent a signal of slowing the pace of interest rate cuts. Traders are assessing the possibility of future interest rate cuts by the Federal Reserve under inflationary pressure.
Details of the Federal Reserve meeting minutes
On January 8, the U.S. stock market closed as follows: the Dow Jones Industrial Average rose slightly by 0.25% to close at 42,635.20 points; the Nasdaq fell slightly by 0.06% to close at 19,478.88 points; the S&P 500 rose slightly by 0.16% to close at 5,918.25 points.
The Federal Reserve released the minutes of its December 2024 meeting on the same day. The FOMC said in its meeting from December 17 to 18 that in the face of inflation risks, the Federal Reserve has adopted a new loose stance and plans to slow down the pace of interest rate cuts.
The minutes of the meeting pointed out that the Fed decided to lower the target range of the federal funds rate by 25 basis points to between 4.25% and 4.5%, which was the third consecutive rate cut, with a cumulative reduction of 1 percentage point. However, committee members predicted that the pace of rate cuts will slow down significantly in 2025, with an expected rate cut of 75 basis points for the whole year. Market futures prices show that the degree of policy easing in 2025 may be slightly lower than this forecast.
In addition, participants believed that the committee was close to or had reached the time when it was appropriate to slow down the pace of policy easing. Many participants emphasized that monetary policy needs to be handled cautiously in the coming quarters.
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If Trump takes office again, from the perspective of macroeconomic policy, his pro-business stance may reshape the business landscape in the United States and even the world. For the cryptocurrency industry, this may herald more business cooperation opportunities and capital inflows.
Trump may adjust the previous government's relatively conservative regulatory attitude towards cryptocurrencies. Once the regulation is relaxed, the cryptocurrency market will usher in a freer development space. On the one hand, more financial institutions may be allowed to enter the cryptocurrency field, bringing huge funds and professional management experience to the market. On the other hand, regulatory relaxation may also attract international capital to flow into the US cryptocurrency market, further promoting market prosperity.
In addition, Trump has a huge influence on the public, and his remarks and attitudes can influence people's investment tendencies. If he publicly expresses his recognition of a certain cryptocurrency or shows a positive attitude, it may drive people to follow suit and invest.
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