SKR ‘Dirtspoon?’ Buys Rolls Royce with BTC
Whoa. Boy, did I get an eye full and a simultaneously, quietly nervous lol as I read this article.
It took me back to a time when crypto, more specifically, Bitcoin was doing its thing; peaking at a whopping $19K per share.
It dispelled any concerns that this enigmatic currency had a trapdoor; for which those holding it would never be able to spend it. In this article, I was reminded that in certain parts of the world, this currency has changed the lives of many; and, served as a fluid means of provision.
This article talked about millennial South Koreans who bought in on this currency; and, even profited substantially from its uptick in value.
They lived lives that impressed their families; and, now live in a bit of shame as they live somewhat duplicitous lives, holding on to the diminishing returns the lingering bear market has caused; while feigning the image of a ‘booming’ economy. They are living a depressed life, holding out hopes that BTC will rebound to what it once was.
Worth noting, the 29-yo interviewee in the article admits to buying a Rolls Royce with BTC earnings. To those who go, “Oh yeah, that’s success!” as he wheels 'round the block; he’d want you to know the humongous strain he’s living under.
You know the one, where you’re trying to live a lie, without the world knowing you’re near broke, if not already broke. At the end of the interview, he pondered if he should tell his family the truth.
If I knew him, I’ d have him ask to what end would he tell? For sure, his family wants him to be a success. In their eyes, the Rolls makes them think he is. What a burden to carry.
If worse comes to worse, he could cut his losses, sell the car and start a business. He’s in quite the precarious situation; but, as I stared closely into his weary eyes, as he stood next to his boss car, I’m reminded of the Bible verse: The truth will set you free (John 8:32). Oftentimes; as in this case, the truth will result in the burdening of others, namely his parents. This brings me back full circle: to what end?
Thankfully, he’s not letting any grass grow under his feet, as he has a successful YouTube channel and a few other side hustles helping to keep him afloat until either the market rallies OR Stuff HTF, and reality has to be stared at face to face. I perceive that it’s the latter that’s keeping him awake most nights.
Btw, lastly, there’s a lesson to be learned. Many of the BTC winners became ‘losers’ because they spent their wealth on fleeting luxuries, instead of taking their earnings and investing into long-term high-end stocks, i.e. Amazon, etc.
Peace.