Author: bitcointalk

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Why Elon Musk Is Right: The Case Against Subsidizing Amtrak | ZeroHedge

Authored by J.D.Wong via The Mises Institute,

Founded 54 years ago, Amtrak set out on a bold adventure to see if passenger trains could be profitable. 

Fast forward to today, this experiment has been unsuccessful. Politicians have often crafted routes to win votes rather than attract riders. 

As a result, Amtrak has been squandering taxpayer money since its start in 1971.

Take, for instance, the Infrastructure Investment and Jobs Act of 2021. It allocated a (more…)

Continue ReadingWhy Elon Musk Is Right: The Case Against Subsidizing Amtrak | ZeroHedge

These Are The Favorite Car Brands Of The Ultra-Rich | ZeroHedge

What car brands do America’s wealthiest drivers prefer?

While luxury brands may come to mind, data compiled by S&P Global Mobility highlights some interesting findings.

In this graphic, Visual Capitalist's Marcu Lu ranks the favorite car brands of the ultra-rich, based on each brand’s percentage share of new registrations in the United States.

Data & Methodology

To come up with this analysis, S&P Global Mobility combined income data from the U.S. (more…)

Continue ReadingThese Are The Favorite Car Brands Of The Ultra-Rich | ZeroHedge

Bitcoin Now Deflationary Due To Strategy’s BTC Purchases | ZeroHedge

Authored by Vince Quill via CoinTelegraph.com,

Strategy, a Bitcoin treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju.

Michael Saylor, the co-founder of Strategy, is an outspoken Bitcoin advocate who evangelizes the scarce digital currency to potential investors and has inspired many other companies to adopt a Bitcoin treasury plan.

The total BTC supply is shrinking due to Strategy accumulating Bitcoin. Source: Ki Young Ju

Additionally, Strategy acts as a bridge between Bitcoin and traditional financial (TradFi) markets by funneling (more…)

Continue ReadingBitcoin Now Deflationary Due To Strategy’s BTC Purchases | ZeroHedge