Inside The Mysterious Bitcoin City Billionaires Are Pouring Money Into | Insider News

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Published 2024-03-04
Billionaires are pouring money into a private city called Prospera built in Honduras, but the government has no control over it. The city-state runs like a business, with corporate income tax as low as 1%, and all financial transactions can be done using Bitcoin.

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CHAPTERS:
00:00 - Intro
01:08 - How Próspera Works
02:54 - Insider Pristine Bay
03:29 - City Services
04:06 - How They Use Bitcoin
05:42 - The Judicial System
06:26 - Próspera CEO
06:56 - How Próspera Started
08:26 - Inside Crawfish Rock
08:57 - Opposition To Próspera
10:54 - Those Who Favor It
11:42 - Roatan's Economy
12:55 - Hurdles For Próspera
13:35 - Próspera Expansion Plans
13:58 - Honduran Sentiment
14:57 - Credits

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#crypto #bitcoin #honduras #insidernews

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Inside The Mysterious Private Crypto City Billionaires Are Pouring Money Into | Insider News

All Comments (21)
  • @Louisbrus498
    As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.
  • @Rickwarren2
    I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested $10k in Bitcoin and made about $125k,but guess what? I put it all back and traded again and now I am rounding up close to a million
  • I don’t understand - I thought there are no more bitcoins to buy? If so , then how do u accumulate bitcoin to save and.l grow your wealth? Very confused and not investment or financially literate here
  • What's the best strategy for someone with around $2000 or even less, to begin trading cryptocurrencies today?
  • @user-ny5xe2hx7t
    Trading with crypto is more beneficial than most people sees it to be, just like stock, and forex trade, crypto is also the world fastest leading currency now and in the near future
  • @swankydreams729
    I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million
  • @pokeken
    This is like a documentary on how rich people will get scammed by the premise that you can get richer, quicker in these zones. Can’t wait for the follow up documentary where this becomes a ghost town where the locals are left with nothing but the damage caused by such developments.
  • @clarabrown9920
    You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
  • @dand4485
    Remember Bitcoin is not "private"... All transaction are visible to all... The fact that it is 100% visible is the very way it works...
  • These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies and all they see is their greed and emerald cities
  • @Martina73823
    If you are not in the financial market space right now, you are making a big mistake.I realize that it could be due to inexperience, but if you want to make your finances work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
  • @roddywoods8130
    My expectation for 2024 is that markets starts to broaden out more, with the rates cut i have a couple of questions....can I safely invest $220k in the markets? What should I do differently?
  • @gr33ngirlsea
    Man wants to help end poverty, displaces local poor people.
  • @ktwei
    Either we are watching the rich escape with tax evasion or somebody is getting scammed in the making.
  • @ffff3c
    "Anybody who has a shady background is probably very dissuaded from opening a business in Próspera [...] You have to disclose the human beings behind the entity", said Erick Brimen, CEO of a company who refused to disclose a list of investors... That sums it all, doesn't it? 🤣
  • @MattBowie
    Suspicion arises when you don't disclose the other members of the board. They must think people are stupid, which sadly a lot are.
  • I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time . I was able to build a business from my returns 💚