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0.01 Bitcoin will buy you a house.

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Today it sounds ridiculous, but in the future, I think this conversation is going to age

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extremely well.

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You're going to be able to buy their house with that $900 investment.

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That breaks people's minds.

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They just can't grasp that concept.

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They can't grasp it.

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You don't need to go all in.

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You don't have to go all in on Bitcoin. In 30 years, let's say when Bitcoin is worth $10 million, $20 million, $50 million, whatever it is, I have no idea. At that point, you're not going to be concerned with whether you bought Bitcoin at $90,000 versus $92,000 versus $85,000. You're not going to care. What you're going to care about is the nominal amount of Bitcoin you have. That's the only thing that's going to matter.

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if you have one bitcoin in 30 years if it's worth let's say 50 million dollars you're not

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going to wonder oh why didn't i wait to buy why didn't i why didn't i wait until it dropped to 40k

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to buy you're not going to be thinking that what you're going to be thinking about is

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what's up guys 70 000 of you guys keep coming back every single month but 71 are not subscribed

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so you're going to miss out on some of the great green candle content so make sure that you're

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hitting that subscribe button with the bell notification so you get notified every time

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I drop a video. All right, now let's get back into this great interview.

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Bing bong. I am back with another edition of the State of Bitcoin podcast where I've got the man,

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the myth, the legend Rajat Soni in the house for round two. But Rajat, now that Bitcoin's price is

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absolutely plummeting and crashing and burning, as we were saying a little bit pre-show,

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I want to revisit a topic that you have hammered so much throughout your videos and your great

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channel about owning 0.1 Bitcoin. Now that is under $10,000, but why do you think that it's

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so important to change the framing on owning just a fraction of a Bitcoin instead of trying to stress

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to get to one full Bitcoin? So I think a lot of people, they see, let's say $100,000 for a Bitcoin

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or 90,000 now, and they kind of stress out and they think, oh, it's not doable. I can't get to

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one whole Bitcoin. So I'm not even going to try. But the people who own one Bitcoin are

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going to be like unicorns, right? You're not going to see many people who own one Bitcoin.

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You're not going to see really, I mean, if in real life you meet maybe five people your entire

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life who have one Bitcoin, that's probably going to be like special, right? But 0.1 Bitcoin is a

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lot more doable. So one Bitcoin, there's only 21 million Bitcoin in the entire world. Only 21

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million people can simultaneously own one whole Bitcoin. But there are people like Michael Saylor

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who have been accumulating as much as they possibly can. BlackRock buying 800,000 Bitcoin,

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all these other institutions getting as much as they possibly can. But you can get to 0.1.

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0.1 Bitcoin is right now $9,200. Again, that may seem like it's impossible. But if you were to

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accumulate, let's say one, two, $300 a day, or not sorry, a day, maybe a week or a month or every

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couple of weeks, whatever you can do. If you can do that, you'll get to 0.1 Bitcoin pretty quickly.

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So 0.1 Bitcoin, if you run the numbers, 210 million people in the entire world can own 0.1

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Bitcoin at the same time. So that gives you a much better chance of actually getting to that point.

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But again, if you... So I made a video about this. Owning 0.1 Bitcoin will change your life.

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and one of the things that I've noticed

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is that a lot of people don't really see the value

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in 0.1 Bitcoin because today it seems so small

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but at some point it's going to be worth a lot more

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a lot more people are going to want Bitcoin

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a lot more people are going to discover Bitcoin

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they're going to figure out what it is

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and they're going to know that

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this is the best money in the world

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nobody can debase it

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nobody can stop you from using it

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nobody can take it away from you

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without you giving them permission

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so this is something that's actually going to change

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of the entire world. If you can own 0.1 Bitcoin, let's say, for example, today it's worth $9,200.

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At the peak, it was worth $12,600. $9,200 today, you can buy 0.1 Bitcoin. At some point,

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one Bitcoin is going to be worth a million dollars. Then at some point, it's going to be worth 10

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million. Then it's going to be worth 100 million. It's going to keep rising because more and more

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dollars are being printed regularly, and those dollars can chase a finite number of Bitcoin.

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So the price of Bitcoin is going to rise forever. The amount of Bitcoin that you have,

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whatever Bitcoin you have, you're going to see that rise in value as well. Now, let's say Bitcoin

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goes to a million dollars a year, 0.1 Bitcoin is worth 100,000. Of course, you can't retire with

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that. But think about the possibilities there. If you have, let's say you have credit card debt,

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or you need to fix your roof. We wanted to talk about buy, borrow, die as well. That was something

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that we wanted to discuss. If you have 0.1 Bitcoin, it's worth 100 grand, you can easily go and take,

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let's say a $5,000 loan against that. And you're very secure because you only have to use a very

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small portion of your stack as collateral. You only have to give a very small portion of your

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stack to your lender in order to get that $5,000 loan, which I think it puts you in a great

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position. So the reason why I say that is because let's say if you wanted to borrow money on a

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credit card, you're going to pay what, 20, 25, 30%. If you go to a payday loan shop and you need

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$5,000 badly because you have to pay for something immediately. What are you going to pay like 300%

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a year? Sometimes it's even more than that. So if you can borrow against your Bitcoin stack and get

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that $5,000 of liquidity, you're going to pay maybe right now the rates are about 10-12%.

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At some point they'll drop. I think that they're going to drop to, I'd say high single digits,

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than mid than low because to the lender lending is bitcoin is probably the least riskiest way

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of i guess lending money the the least list least risky collateral because they get to hold the

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collateral you have to send them the collateral and then if your loan let's say it goes to a

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certain ltv it goes to an lt loan to value of 90 and they have to liquidate your asset to pay back

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your loan so they can be made whole. They can just sell your Bitcoin on the market. Bitcoin is the

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most liquid asset in the world. You can sell Bitcoin as quickly as you want to. On the other

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hand, let's say, for example, today real estate is what the world is built on. Today, borrowing is

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with real estate. Think about how difficult it would be for a lender to get that loan paid back

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if you default on it. How are they going to sell that house? They can't sell it immediately.

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Maybe it'll take like three months, four months to sell the house. And by that time, maybe the

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the value of the house has dropped, they have no guarantees that they'll be able to

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have that loan paid back. And over time, let's say the house value decreases.

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It's not like it's marked to market. So to lenders, it's way more risky to lend money against real

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estate. So I think what's going to happen is let's say you buy that 0.1 Bitcoin 10, 15, 20 years from

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now, it's worth a million dollars. You can take on loans to pay for your life. You can sell some

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Bitcoin if you want to. So that 0.1 Bitcoin is something that nobody can debase. It's a fraction

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of this finite supply of money that nobody can change. Nobody can change the supply. Nobody can

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take it away from you. So owning that 0.1 Bitcoin, I mean, all those features, you can borrow against

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it. Nobody can take it away from you. Nobody can debase it. All of those features come together and

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it makes that 0.1 Bitcoin. I mean, it'll change your life, right? What I mean by that is it'll

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give you this confidence that you can pay for your expenses. I think one of the worst situations

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that you can be in is not being able to pay for just your everyday expenses. It's extremely

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stressful. And if you can get to that point where you can stack even small amounts every day, a

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dollar, $2, $5 every single day, eventually you'll have enough Bitcoin that at some point it'll buy

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you a house. It sounds crazy right now, but like the way that I see it, at some point, 0.1 Bitcoin

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will buy you a house. 0.01 Bitcoin will buy you a house. Today, it sounds ridiculous,

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but in the future, I think this conversation is going to age extremely well.

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Yeah. I mean, I think it's inevitable because I mean, just look at the numbers, right? Bitcoin

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is a public ledger. So I like to throw out some numbers about the number of wallets that have

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0.01 Bitcoin and 0.1 Bitcoin. Right now, it's 14.3 million Bitcoin wallets have 0.01 Bitcoin.

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or more and just over 4 million have 0.1 Bitcoin or 10 million sats or more right now. And how many

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millionaires there are in the world? There's 62 million of those. So just to put it in perspective,

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it's more rare to own 0.1 Bitcoin or 0.01 Bitcoin, which is less than $1,000 today,

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than it is to be a millionaire. So I think that with all of this, we're still so early

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in the timeline. And we were talking a little bit pre-show about the early or the daily price

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action. Obviously, Bitcoin's crashing right now and just over that 90,000 mark. And everybody's

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freaking out, right? I mean, I think the sentiment on Twitter is maybe the bull runs over. And I know

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you've done some recent videos on that as well. But I think regardless, either way, we're still

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extremely early because like you're saying, do you think that the overall just person and

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traditional financial people in general have understood the absolute scarcity of Bitcoin

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just yet? Because I think that's the hardest thing for people to really wrap their head around

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when they're coming to Bitcoin. Because sure, all right, on surface level, it's scarce, but

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gold is scarce, but all of these other real estate is scarce. But when you compare it to

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to those two assets i think you know it's just it means you have you don't understand bitcoin

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just fully yet yeah we can find more gold i think china recently it was probably a couple months ago

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where they said that they found a deposit of like 10 of the global supply of gold nobody can verify

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if it's real what if it is real it means that whatever gold you have is being debased by

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9% to 10% because more gold is entering the market. The demand for gold is being fulfilled

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by the new supply that's being added to the market. And that's not something that can happen

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with Bitcoin. Again, with real estate, you can literally build new houses. You can pay somebody

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to build another house for you, but you can't do that with Bitcoin. You can't go to a miner and say,

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hey, there's 21 million Bitcoin today. I want you to create three more Bitcoin and assign them to me.

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You can't do that. That's not possible. So with the pricing, what the way that I see it,

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a lot of people are panicking because maybe they have a significant amount of their wealth

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in Bitcoin already, and maybe they expect the value to go up forever. But that's not how how

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wealth works. That's not how that's how anything works, right? If you start a business, let's say

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your YouTube channel, my YouTube channel, it's not like we went straight up, right? Our subscriber

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numbers and go straight up. When you learn about something, it's not like you just learn it all

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on a linear scale. It takes time. Certain things you understand faster, other things you understand

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slower, and that's perfectly fine. But it all takes time. That's the most important thing.

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In the short term, there may be some volatility and that's perfectly fine. I think one thing that

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I really want people to focus on is the nominal amount of Bitcoin that you have.

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don't focus on the dollar value. Don't focus on what the value of the Bitcoin is.

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If the dollar value of Bitcoin goes down, that's great because that means that you can accumulate

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more. So let's say, for example, if Bitcoin goes to $10,000 today, I'm going to be happy.

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I'm going to go try to buy a whole Bitcoin if I can. I'm going to take on loans if I can to buy

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multiple Bitcoin. I'm going to use that opportunity to get as much as I can. So if you have no Bitcoin

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and the price goes to $10,000 a coin,

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why wouldn't you see that as an opportunity

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to get as much as you possibly can?

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If you have that opportunity in front of you

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and you don't take advantage of it,

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then you're not really doing yourself justice

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because you're losing out on that opportunity.

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You're eventually going to have to get Bitcoin.

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If the price goes down,

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use it to your advantage and accumulate more

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so that the nominal amount of Bitcoin that you have increases

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rather than panicking and selling what you have or ignoring it

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and telling people that they're stupid for even thinking about Bitcoin.

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Accumulate more.

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Build up the nominal stack that you have.

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Build up, let's say, if you have 0.01 Bitcoin today,

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make your goal to get to 0.1 Bitcoin

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because as the price goes down,

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it gets easier and easier for you to accumulate whatever goals you have.

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So let's say if your goal was to get to 1 Bitcoin,

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in the last month, it became 29% easier for you to get to that goal.

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So let's say you have 0.1 Bitcoin today,

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and that rest of that 0.9 Bitcoin would have cost you $115,000 or so.

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Now 0 Bitcoin will probably cost you So instead of it cost you So use it to your advantage

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That's the important thing here.

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Use the dips to your advantage so you can stack as much Bitcoin as you possibly can.

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Don't think too much about the price.

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The price is a distraction.

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The US dollar price of Bitcoin is irrelevant.

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It means nothing.

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yeah i mean it is interesting though because it is uh almost the the the best orange pillar so to

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speak so i think even though you know i the farther we get into bitcoin the less i check

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i check the price and to be honest i didn't really know what the price was today until i

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logged on to x.com the everything app these days and i saw everybody on twitter just freaking out

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And so, you know, how do we, I guess, shift the mindset of that? Is it going to take a long period of time? Is it pricing everything in Bitcoin? Is it looking at the potential opportunity cost? Or is it starting to count in sats? You know, how do we kind of shift that mentality?

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and then I want to parlay in that into a couple questions

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because you had some issues with the CFA coming at you here recently

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saying that, you know, and so I still think that it's interesting

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where, you know, when we put things in perspective,

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especially when we see these price dips,

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that's where I always come back to is just looking at the sentiment on Twitter

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and looking at things that just happened to you.

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It's like, man, we are still so early.

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So if you can shed some light on that too,

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I'd love to hear your side on what all happened.

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But how do we make that shift and get to a place where people are thinking more in exactly like you're saying,

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like these dips as an opportunity opposed to, oh, my God, Bitcoin's crashing and burning?

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I think one of the things that people need to do is just dive in.

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Let's say, for example, if I were to, let's say the 2022 crash, that's when I really started buying.

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So before that, I was buying small amounts.

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So my very first buy was for like $10.

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If I hadn't made that first buy, then I probably wouldn't have bought anything after FTX collapsed.

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Because the first buy is the most difficult.

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It's the one that gets you to really think about whether or not you want to do this, right?

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Once you get through that first buy, everything else seems a lot easier.

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I think the difficult part for most people is just wrapping their head around why they would do this,

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why they would give away their hard earned cash for something that they can't even see.

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Like that's something that a lot of people think about.

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Oh, I can't even touch this Bitcoin thing.

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I can't use it for this, this or that.

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It has no intrinsic value.

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Getting over that is probably the hardest part.

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And then transferring your fiat into Bitcoin is probably one of the hardest parts as well.

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So I think what people need to do is dive in headfirst.

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You're never going to learn everything about Bitcoin.

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You're never going to know everything about Bitcoin.

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once you start making those buys, I think it forces you to study it more,

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forces you to learn a little bit more about it.

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You'll read more Bitcoin books.

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For example, I recently read this book called Layered Money from Nick Bhatia,

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a really good book.

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And even though I've been studying Bitcoin for like four years,

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there were concepts in that book that I didn't even understand before

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about the legacy financial system.

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And it really helped me to understand how Bitcoin will fit in to the legacy financial system.

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And then beyond that, how it'll replace the legacy financial system.

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So I think learning is the key here.

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Just learning as much as you can, put in the time to figure out what Bitcoin is, how it works,

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why it's something that can't be censored, why it's something that can't be stopped.

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That's probably the hardest part.

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As for the CFA, I think they're just trying to do their due diligence.

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They get a lot of complaints.

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I think I post a little bit too bullishly sometimes, but I mean, I don't think I'm too bullish.

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I think if anything, nobody's bullish enough because most people can't comprehend where Bitcoin is going to take the world.

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They're doing their due diligence.

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They have to ask me these questions.

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So one of the things that they asked me about, so I actually got investigated by the CFA twice.

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The first time it was about me being too bullish, basically saying that Bitcoin is going to go to...

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So this is back when Bitcoin was at like 60K or something.

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I had made a post when it was around 30K that Bitcoin is going to 100K,

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then it's going to a million, it's going to 10 million,

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it's going to 100 million and beyond.

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Then I explained why I went through the entire process,

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the bid and ask, prices determined at the margin, all of that.

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And I guess somebody was offended by that and they complained.

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So the CFA Institute looked into me and I made a video

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just explaining the entire thing, what happened.

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I almost lost the CFA at that time, but I explained my way through it.

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I mean, they asked me why I don't have disclaimers in every single one of my tweets.

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For some reason, I asked them,

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do you expect disclaimers from people who are promoting the stock market?

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And I think that kind of took them back.

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I guess they zoomed out and they thought about,

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why are we expecting him to do this when we don't expect other CFA charterholders to do it?

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I'm probably one of the only CFA charter holders who's just outright telling people,

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sell your real estate, sell your stocks for Bitcoin. Because I've put in the time to understand

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the legacy financial system and Bitcoin. Most CFA charter holders, they haven't done that for

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whatever reason. I think some of them are just, I mean, it's mean to say, but I think some of them

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are just NPCs. They just read what they read and then they stick to it, right? They don't put in

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00:19:16,845 --> 00:19:21,385
the time to dive any deeper. What if I told you you never had to sell your Bitcoin? Instead,

250
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251
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252
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secure, trusted, proven. Whatever reason, I think some of them are just, I mean, it's mean to say,

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but I think some of them are just NPCs. They just read what they read and then they stick to it,

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right? They don't put in the time to dive any deeper. I'm not saying that people are, I'm not

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saying that the CFA charter holders are all like that, but a lot of them are because after they

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studied the legacy financial system, they can't see the world apart from the legacy financial

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system. They can't see the world with no debt. Instead, they're promoting more debt and they

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want more debt. So this time, the CFA Institute came after me for saying that Bitcoin is essentially

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risk-free. And I do truly believe that because if you hold on for a long enough term, Bitcoin has

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never given you a negative return. And I think that that's going to continue to happen. Bitcoin

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is the only asset that has a finite supply, a supply that's verifiable on chain, nothing else

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has that. So let's say stocks. How are you going to confirm that more shares aren't being created

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behind your back? You can ask somebody who has a Bloomberg terminal to check, but how are they

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going to confirm that? How do they know that? Nobody really knows. How do you know how much

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gold exists? You have no idea. How do you know how many houses will exist next year, 10 years from

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How do you know even how many houses exist today?

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No idea.

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Even the Federal Reserve has no idea how many dollars exist.

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So the way that I see it, because Bitcoin has this finite supply,

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it'll continue to go up in value because, like I said,

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more dollars will continue to chase the same amount of Bitcoin over time.

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Bitcoin is trying to replace fiat as money.

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It's trying to replace real estate as a store of value.

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It's trying to replace stocks as a store of value.

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And I think that because all of these things are so inferior to Bitcoin, to me, Bitcoin is risk-free. And I explained my way through it and I told them, hey, this, this, this, and this. And they concluded their investigation.

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There you go. So now they agree that Bitcoin is risk-free. Is that what I'm hearing? I'm just kidding. I don't want you to have to put words in their mouth.

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I wouldn't necessarily say that. I think they just didn't know how to respond.

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Yeah, I got you.

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But I mean, at the end of the day, I mean, at least, you know, I agree with you.

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The way that I kind of have flipped it in my own head is that, you know, we know 450 Bitcoin are going to be mined every single day at this point, right?

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And then we know the next halving that's going to be cut in half.

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And the underlying dollars or whatever you're pricing in, maybe CAD or, you know, rupees or Chinese yuan or whatever it is, whatever you're trying to price the overall dollar or the overall Bitcoin exchange rate is.

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At the end of the day, one Bitcoin is one Bitcoin and we know that the volatility is just the underlying currency, whether it's interest rates or whatever that's kind of changing that dollar exchange rate.

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at the end of the day, one Bitcoin is one Bitcoin. So, you know, I know you talk a lot about,

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you know, Bitcoin in retirement. I do the same as well. And I think that what you're lining out

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here, you know, one, do you think you could live off of Bitcoin right now if you have, you know,

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maybe a significant stack? And if not, you know, why? But and then the follow up question to that

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would be, you know, with the retirement aspect of Bitcoin, because, you know, of the longevity of it.

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Do you think that that has fully ingrained itself into retirement accounts? And are we there yet,

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where people are looking at Bitcoin fully as their retirement accounts?

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People definitely aren't looking at it as that. They're seeing it as a speculative asset that

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goes up and comes down. And the volatility definitely doesn't help with that narrative.

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People want stability, but there's no real stability in the world.

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Even the dollar isn't stable.

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Nothing is stable because you don't know what's going to happen in the future.

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There's so much entropy in the world.

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There's so many unexpected events that can happen.

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The dollar has lost like 99% of its value in the last not even 100 years.

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In terms of gold, it's lost that much value.

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In terms of Bitcoin, it just keeps losing value over and over again,

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and it'll keep losing value.

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So what I mean by that is that in 1933, one ounce of gold was worth like $20.75.

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Today, one ounce of gold is worth like $4,100.

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Something ridiculous, right?

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So it's lost 99.5% of its value in less than 100 years.

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So people think that, oh, the dollar is stable.

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It's really not.

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In the short term, it seems stable.

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but in reality you're losing a certain amount of your purchasing power every single day and that'll

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continue to happen so that's the first thing i do think that you can live off your bitcoin because

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you can exchange your bitcoin for dollars today the world is predominantly using dollars and

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that's perfectly fine but you can get more dollars with your bitcoin and this is a math

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it's the most liquid market in the world the way that i see it you do still need dollars at this

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point and again i made another video about this all you need is bitcoin and cash you don't need

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real estate. You don't need stocks. You don't need anything else. Everything else is so volatile.

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All you need is a stash of cash and then you can put the rest of it into Bitcoin. So let's say you

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have, I actually spoke with somebody who did a one-on-one meeting with me. He wanted to retire

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soon. He had, I don't remember the exact numbers, but he had a certain amount of Bitcoin and he

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wanted to get his wife to retire. He wanted to have his wife just do whatever she wants to. She

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had the freedom to do what she wanted to. And he wanted some stability. His wife wanted some

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stability as well. So what I recommended to him, and he was really happy to do this, he ran the

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numbers for himself. I didn't tell him to do it. He wanted to do it himself. So I told him 20% cash,

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80% Bitcoin. And he's giving me updates. It's working out really well for him. He likes it

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because he has a 20% in cash and he's still working his job.

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So that 20% in cash is almost like a hedge for him losing his job

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or for Bitcoin going down.

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And he continues to stack as much Bitcoin as he wants to with his job.

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His wife continued to work.

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She's still working.

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They already converted their portfolio into 2080

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and they're doing really well.

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Yeah, I mean, even right now, they're probably buying the dip.

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So, I mean, they're probably loading up.

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So his wife could potentially retire at some point next year in 26.

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Now you know with the development of this market right with the short term volatility you know obviously it doesn help for the retirement aspect even though if you look at 401ks and all these other things the stock market it all crashing right now Everybody saying tariffs this tariffs that that the overall market just isn doing super well

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Even though Bitcoin crashing doesn't necessarily help with all of that, how easy of a conversation was it to convert them to just be like,

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hey, you know what, actually, let's drop everything else and just go 80% Bitcoin, 20% cash?

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Or was it a difficult conversation?

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Because it sounds like it was easy to just convert them.

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Like, why do you need all these other things that are underperforming Bitcoin?

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I mean, I have to explain to them what's happening.

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So they had a real estate portfolio before, and they had some stocks before.

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They had some index funds.

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And I asked him, why do you have these stocks?

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He really didn't know.

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He just thought, okay, it's going to give me cash flow.

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it's going to do this it's going to do that and then i explained it to him that these stocks are

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going to massively underperform against your bitcoin so why would you want to hold stocks

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so he previously had a very small allocation to cash it was like three percent and um i i told him

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if you want this so he i think the i think the main reason why people buy let's say index funds

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is because they expect them to be stable they buy real estate because they expect that oh we're

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always going to need shelter there's always going to be somebody who's willing to rent from me

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I think those are the main reasons we need cash flow, all that.

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But if you just have cash and you have the best performing assets,

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so you have the least volatile asset, cash is still volatile.

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It's still volatile to the downside.

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It's going to go up.

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I mean, sorry, it's going to go down no matter what.

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Since 2025, the US dollar, no matter what the government says,

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no matter what the Bureau of Labor Statistics says,

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I don't care what they say, the Federal Reserve,

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I don't care what they say.

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They say that inflation is 2%, but no.

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since 2020, I think the US dollar has probably lost like 30 to 40% of its purchasing power.

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If you're really buying things, that's it. You're buying food. You're going to go to the grocery

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store. You're going to pay double. If you have to pay for your insurance, you're probably paying

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double at this point. In Canada, it's terrible. So one example that I can give you is ground beef.

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There used to be this grass-fed organic ground beef at Costco. It used to be, I think, $24.99

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for four pounds. And now it's 39.99 in four years. So it's up like 40. Wait, what is it up? Like 60%

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in that time. And they're telling you that inflation is 2% a year. That's crazy to me.

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That's wild. So if the US dollar has already lost that value and I explained that to them,

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then why would you want to continue earning assets or why would you want to continue holding

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assets that give you more US dollars? Why not hold something that gives you whatever you want to?

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And in this case, so the S&P 500 has lost 99% of its value in terms of Bitcoin. Gold has lost 99%

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of its value in terms of Bitcoin. In the short term, it's gone up, but over the long term,

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it only goes down. What else? Real estate. Real estate has gone down massively in terms of Bitcoin

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and it'll continue to go down. You can literally build more houses if you want to. Your house isn't

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unique. Whatever house you have can be replaced with another unit of shelter. Houses are shelter.

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They're not savings vehicles. And this is something that traps a lot of people. People think that

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because house prices go up in dollars, they're going to go up forever. But if you price them in

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Bitcoin, they're going to go down forever. And that's exactly what's happening. So today, a house

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might cost you three Bitcoin or four Bitcoin, whatever. At some point, it'll cost you 0.5,

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0.1, 0.01. It'll keep decreasing forever. And I've had a lot of people who actually sold their

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rental properties after talking to me because they see the value in Bitcoin. Why would you want to

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hold on to something like real estate? Why would you want to hold on to it if you know that it's

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going to decrease in value over time? I had somebody who, this is a completely different

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person. He was a doctor. He was a surgeon of some kind. He had 15 rental properties and he sold 10

401
00:31:14,291 --> 00:31:19,211
rental properties after talking to me, which is crazy, right? That's wild to me. But he made the

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decision himself. So back to these people. They had stocks. I believe they had a rental. I don't

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00:31:24,531 --> 00:31:28,151
remember. They may have a rental property, but they got rid of everything because it just made

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00:31:28,151 --> 00:31:34,111
more sense to hold Bitcoin in cash. You have the volatility with Bitcoin and you have the stability

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with cash. If you don't want stability in your portfolio, you're not going to go anywhere.

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You just put your money in a bank account and you watch that purchasing power just dwindle away

407
00:31:43,991 --> 00:31:50,411
forever. That's all that's going to happen. You need volatility in your portfolio. If you only

408
00:31:50,411 --> 00:31:56,951
have stability, then your portfolio is trending to zero in real terms. So I explained that to them.

409
00:31:57,531 --> 00:32:01,031
I mean, I think they got it pretty easily. They were okay with the volatility. They already had

410
00:32:01,031 --> 00:32:06,971
Bitcoin in the first place. They already had some. So they were pretty okay with switching over to

411
00:32:06,971 --> 00:32:11,131
having more Bitcoin and less real estate in stocks. Because I mean, think about it. Having

412
00:32:11,131 --> 00:32:15,171
a rental property is like a part-time job. If somebody calls you at night, you have to go

413
00:32:15,171 --> 00:32:18,231
plunge their toilet. You have to go replace their toilet. You have to do this and that.

414
00:32:18,591 --> 00:32:22,071
You have to fix their furnace. You have to call a contractor. You have to do all of that.

415
00:32:22,551 --> 00:32:25,911
Whereas with Bitcoin, you just hold onto it and you do nothing. There's no maintenance and repairs.

416
00:32:26,331 --> 00:32:31,131
There's no realtor fees. There's no lawyers. There's no property taxes. None of that

417
00:32:31,131 --> 00:32:35,111
applies to Bitcoin. So to them, it was a no-brainer.

418
00:32:35,111 --> 00:32:39,471
Last bull run, we had exchanges blow up.

419
00:32:39,671 --> 00:32:43,391
You saw FTX, Celsius, BlockFi, you name it.

420
00:32:43,591 --> 00:32:47,711
But the true power of Bitcoin is getting it off an exchange into cold storage.

421
00:32:47,911 --> 00:32:52,931
This bull run, I'm trusting Trezor, the company that's been around for over a decade.

422
00:32:52,931 --> 00:33:00,711
And they just had a brand new release of the best hardware wallet in the game, the Trezor Safe 7.

423
00:33:01,031 --> 00:33:03,891
It's got the first audible secure element.

424
00:33:03,891 --> 00:33:11,151
no other hardware wallet has this on top of it i travel a lot so i need an easy way to connect my

425
00:33:11,151 --> 00:33:17,671
bitcoin hardware wallet to my laptop phone what have you therefore it is the easiest way and has

426
00:33:17,671 --> 00:33:24,251
the best connectivity to access your bitcoin this is truly how you become your own bank and the best

427
00:33:24,251 --> 00:33:29,151
way to do that is with a treasure safe seven so you can go to the affiliate link down below and

428
00:33:29,151 --> 00:33:35,211
get yourself one right now and do it quickly because they are flying off the shelves, folks.

429
00:33:35,591 --> 00:33:41,051
So do it with the easiest and best way to get your Bitcoin off exchanges. So go to the affiliate

430
00:33:41,051 --> 00:33:47,311
link down below, get yourself a Trezor Save 7 and get your Bitcoin off exchanges in the easiest way

431
00:33:47,311 --> 00:33:53,711
possible. All right, enough from me. Let's get back to the show. Yeah. And I mean, I think like

432
00:33:53,711 --> 00:33:58,891
to everybody, it's going to become a no brainer eventually. But the interesting part is it's

433
00:33:58,891 --> 00:34:04,331
just you know like you said like uh i still think it hasn't clicked to a lot of people

434
00:34:04,331 --> 00:34:10,010
um but we're we're potentially going to get there i mean as we see more bitcoin adoption coming in i

435
00:34:10,010 --> 00:34:16,171
mean it's being adopted on a faster curve than the internet as as bitcoiners love to point out

436
00:34:16,171 --> 00:34:21,291
um and you know i think that just the value proposition of just owning bitcoin even if

437
00:34:21,291 --> 00:34:26,971
it's just something as little as 0.1 bitcoin i think that that's going to change the perspective

438
00:34:26,971 --> 00:34:32,091
Um, but you know, when it comes to the adoption cycle and how we see this, this short-term

439
00:34:32,091 --> 00:34:34,171
price action, I'm going to revert back to that.

440
00:34:34,591 --> 00:34:37,771
You know, what, what do, uh, what do you think is going on right now?

441
00:34:37,851 --> 00:34:44,311
And, uh, do you take any account into this when you have any, uh, I guess people kind

442
00:34:44,311 --> 00:34:49,530
of talking to you for what, uh, some consulting services on this, are they asking you and

443
00:34:49,530 --> 00:34:53,451
you're trying to explain, Hey, it's the short-term at price action because of this.

444
00:34:53,530 --> 00:34:54,931
How do you approach that question?

445
00:34:54,931 --> 00:35:22,151
I mean, I tell them, I always tell people that if you want to buy Bitcoin, you need to have a four year time horizon. If you're going to buy Bitcoin with your rent money, you're doing it wrong. You can't buy Bitcoin if you need the money in, let's say a month, two months, three months, even if you need the money in three years, you could potentially be risking your savings, and you could lose everything. So minimum four year time horizon, of course, that could increase over time, that could decrease, that could change. However, the cycles work out.

446
00:35:22,151 --> 00:35:25,731
it seems like institutional investors are kind of changing that cycle. I don't know

447
00:35:25,731 --> 00:35:29,451
exactly where the cycle is going to go. For all we know, four-year cycles are over.

448
00:35:29,831 --> 00:35:34,211
Maybe we have, let's say, one-year cycles where the price goes up, it shoots up, and then it goes,

449
00:35:34,591 --> 00:35:37,711
consolidates for the rest of the year. And then it shoots up the following year,

450
00:35:37,751 --> 00:35:40,711
then it consolidates for the rest of the year. And it keeps doing that over and over again.

451
00:35:41,291 --> 00:35:45,111
I think understanding that is the key. As for what's happening right now,

452
00:35:45,991 --> 00:35:51,471
I mean, there's so many different factors. There's tariffs. People blame that. People blame the core

453
00:35:51,471 --> 00:35:57,451
versus nots debate. And I don't know, I'm not an expert on that at all. So I can't really tell you

454
00:35:57,451 --> 00:36:02,391
where things are going because of that. I think the main thing that people need to take away from

455
00:36:02,391 --> 00:36:09,331
here is though, that it's a mismatch in supply and demand. That's what changes the price. So if

456
00:36:09,331 --> 00:36:12,591
there's more Bitcoin available to be bought, then the amount of Bitcoin that's demanded,

457
00:36:13,050 --> 00:36:16,411
the price will go down because the people who have that Bitcoin and they want to sell,

458
00:36:17,050 --> 00:36:20,111
maybe they need the money right away. Maybe they need the US dollars right away and they

459
00:36:20,111 --> 00:36:25,011
panic to sell it ASAP. They think that the price is going to keep going down. So they sell it ASAP.

460
00:36:25,091 --> 00:36:31,451
They just get rid of it at whatever price. You see a fire sale, price goes down. The people who are

461
00:36:31,451 --> 00:36:35,731
buying are at an advantage. The people who are selling are at a disadvantage. That's the main

462
00:36:35,731 --> 00:36:41,131
thing. Because Bitcoin has a finite supply, because it has an inelastic supply that nobody can change.

463
00:36:41,771 --> 00:36:47,131
If more people want Bitcoin, then they have to buy from the people who already own it.

464
00:36:47,131 --> 00:36:50,071
if the people who already own it don't want to sell at the current price,

465
00:36:50,210 --> 00:36:54,210
the potential buyers have to offer more and more dollars for that Bitcoin.

466
00:36:54,491 --> 00:36:56,710
And that's exactly why you see the prices going up over time.

467
00:36:56,971 --> 00:37:03,371
You see the price go from zero to $1 to $10 to $100 to $1,000 to $100,000.

468
00:37:03,371 --> 00:37:06,210
And then eventually it'll keep going up and up and up.

469
00:37:06,271 --> 00:37:07,550
It'll go to a million and go to 10 million.

470
00:37:07,971 --> 00:37:11,371
I mean, people think that even a million dollars per Bitcoin is ridiculous,

471
00:37:11,371 --> 00:37:14,671
but I think it's going to go to a billion plus because the US dollar is truly worthless.

472
00:37:15,331 --> 00:37:16,331
That's going to take time.

473
00:37:16,951 --> 00:37:17,871
It's not going to happen overnight.

474
00:37:18,210 --> 00:37:20,811
For all we know, it could happen by, let's say, 2050.

475
00:37:21,191 --> 00:37:23,891
The entire world adopts Bitcoin, but I don't know if that's going to happen.

476
00:37:24,851 --> 00:37:26,911
But I mean, again, it's all supply and demand.

477
00:37:26,911 --> 00:37:33,831
If there's more Bitcoin available to be bought than the amount of Bitcoin demanded, price will go down.

478
00:37:34,091 --> 00:37:37,550
If there's more Bitcoin demanded than the amount available to be bought, price will go up.

479
00:37:39,111 --> 00:37:44,171
Now, what do you think with the U.S. government basically just printing away?

480
00:37:44,171 --> 00:37:55,431
Do you think that there's, you know, I guess, do you explain that we're potentially in a debt spiral with the current, I guess, debt obligations and all of that?

481
00:37:55,571 --> 00:38:01,651
Or does the current macro environment, I guess, once you see the light of Bitcoin, just not really interest you anymore?

482
00:38:03,431 --> 00:38:08,651
I think you need to pay attention to the current environment because you're part of it.

483
00:38:09,231 --> 00:38:12,591
But I think at the end of the day, Bitcoin doesn't really care.

484
00:38:12,591 --> 00:38:16,151
I mean, people still trade it as a risk asset and that's perfectly fine.

485
00:38:16,231 --> 00:38:18,931
That's why it's, let's say it's going up and down with the NASDAQ.

486
00:38:19,030 --> 00:38:21,191
It's going up with going up and down with the S&P 500.

487
00:38:21,331 --> 00:38:24,891
It's still correlated, but at some point people are going to see that it's not a risk asset anymore.

488
00:38:25,530 --> 00:38:27,911
It's more like gold than anything else, right?

489
00:38:27,931 --> 00:38:29,431
It doesn't, it doesn't produce anything.

490
00:38:29,511 --> 00:38:34,030
And that's actually a good thing because there's no product for, for, for, there's no product to go down.

491
00:38:34,491 --> 00:38:36,871
Nobody can compete, create a competing product.

492
00:38:38,331 --> 00:38:40,091
There's no company behind it.

493
00:38:40,131 --> 00:38:42,191
There's no management behind it.

494
00:38:42,191 --> 00:38:47,891
And I think that's actually a feature and not a bug because it means that no individual can change Bitcoin.

495
00:38:48,591 --> 00:38:53,811
No individual can, let's say, create a different product like they do with companies.

496
00:38:53,811 --> 00:39:00,931
No individual can create a different product and potentially sell it into the market and decrease Bitcoin's value.

497
00:39:02,050 --> 00:39:07,011
So the way that I see it, I mean, people are going to see it as a risk-free asset in the future.

498
00:39:07,511 --> 00:39:10,651
Even BlackRock sees it as a safe haven asset.

499
00:39:10,651 --> 00:39:17,271
right if blackrock is seeing it as that and retail investors are disagreeing then

500
00:39:17,271 --> 00:39:21,411
i don't really want to be on the side of retail investors i want to be on the side of blackrock

501
00:39:21,411 --> 00:39:27,511
the the debasement trade dude that's what they're calling it these days they're lumping it in with

502
00:39:27,511 --> 00:39:33,471
gold so i i think that the narrative in trad fi is starting to change which is very interesting

503
00:39:33,471 --> 00:39:39,731
especially starting to see the banking industry and and everybody else uh coming in that way uh

504
00:39:39,731 --> 00:40:01,691
And, you know, I think it's interesting with your CFA license and kind of pairing that with, you know, seeing TradFi start to come in, because it seems like from at least maybe from the Canadian perspective, and I'd love to hear your insights on this, that there's not a whole lot of, I guess, traditional financial people that are still in Bitcoin.

505
00:40:01,691 --> 00:40:08,651
And I think the narrative of this cycle has been that, oh, TradFi is here, the big money's here.

506
00:40:08,831 --> 00:40:19,511
But I think if you really break it down to brass tacks, like the average family office isn't really selling their clients Bitcoin or encouraging them to buy Bitcoin.

507
00:40:19,511 --> 00:40:24,210
I think there's very few traditional financial firms that are really here yet.

508
00:40:24,491 --> 00:40:29,271
And retail is still kind of quieted down here this cycle.

509
00:40:29,271 --> 00:40:35,391
So I'm curious kind of just from your personal experience, where you think we are and if,

510
00:40:35,651 --> 00:40:38,931
you know, everybody that I'm just listing, if they're actually here this cycle.

511
00:40:40,171 --> 00:40:41,471
I think we're super early.

512
00:40:42,131 --> 00:40:45,050
Most CFAs are still arguing that all this thing's going to zero.

513
00:40:45,171 --> 00:40:49,091
I get a lot of pushback from people saying, oh, how are you, how can you possibly be a

514
00:40:49,091 --> 00:41:02,616
CFA if you promoting this thing It just people don I don think most people understand it yet And I think this this thing is it going to take some time You can just expect people to want to use

515
00:41:02,616 --> 00:41:08,796
this asset right away. It has to be deeply ingrained in society before most people accept

516
00:41:08,796 --> 00:41:13,396
it. Most people are not early adopters. And I think this is partly, I actually have a tweet

517
00:41:13,396 --> 00:41:19,476
that I want to share with people here. This is, this is, this is why Bitcoin is the greatest

518
00:41:19,476 --> 00:41:24,596
wealth transfer of all time. You could share my screen there. I think this is partly why Bitcoin

519
00:41:24,596 --> 00:41:30,156
is the greatest wealth transfer of all time. It's people who are ignoring Bitcoin, losing

520
00:41:30,156 --> 00:41:36,056
their wealth. And that wealth is moving to people who are Bitcoiners. So let's say me and you,

521
00:41:36,116 --> 00:41:42,616
for example, we hold Bitcoin at some point, like I said, so today a house costs, let's say

522
00:41:42,616 --> 00:41:48,936
three to five Bitcoin. The people who sell their houses for Bitcoin are getting that three to five

523
00:41:48,936 --> 00:41:57,096
Bitcoin or they're getting whatever they get after their mortgage is paid off. At some point,

524
00:41:57,216 --> 00:42:01,456
that same house will only sell for 0.1 Bitcoin. So after your mortgage is paid off, maybe you'll

525
00:42:01,456 --> 00:42:06,916
get 0.05 Bitcoin. So what's happening here is in the legacy financial system, people see,

526
00:42:06,916 --> 00:42:12,316
let's say stocks in real estate as a, they see stocks in real estate as wealth,

527
00:42:12,316 --> 00:42:19,576
but in the new financial system stocks and real estate aren't wealth if you want to buy them you

528
00:42:19,576 --> 00:42:26,636
can but i think bitcoin is the only true wealth at this point as people figure this out a great

529
00:42:26,636 --> 00:42:32,076
chart here as people figure it out they're going to see that in terms of bitcoin everything that

530
00:42:32,076 --> 00:42:36,276
they own just keeps decreasing and decreasing in value like people like there's this guy named

531
00:42:36,276 --> 00:42:42,476
Keith Wiener on YouTube. There's Peter Schiff. There's, um, Henrik Zaberg, I think his name is

532
00:42:42,476 --> 00:42:46,596
all these people. I have a list of people. I've just been taking, I've been taking receipts from

533
00:42:46,596 --> 00:42:53,156
a lot of bears these last few days because I want to, I want to expose them as people who have no

534
00:42:53,156 --> 00:42:57,936
clue what they're talking about. Their wealth is being transferred to people who own Bitcoin.

535
00:42:58,196 --> 00:43:01,776
So let's say you're a 20 year old right now. You can only afford 0.01 Bitcoin.

536
00:43:01,776 --> 00:43:12,656
You put $1,000 into that, whereas let's say your friend buys a rental property and they put down 20%, they have a mortgage.

537
00:43:13,236 --> 00:43:19,616
In 50 years, that rental property is going to probably be worth less than 0.01 Bitcoin.

538
00:43:20,616 --> 00:43:27,456
Your 0.01 Bitcoin, you bought that 0.01 Bitcoin for $900 and you got to enjoy your life with the rest of your money.

539
00:43:27,456 --> 00:43:31,536
while this other person who bought the rental property, they bought that house.

540
00:43:31,856 --> 00:43:34,376
They had to put upfront capital into the house, first of all.

541
00:43:35,056 --> 00:43:39,756
One of my absolute favorite things about Bitcoin is meeting all of you in person.

542
00:43:39,976 --> 00:43:47,076
So mark your calendars for February 28th and come down to where I've called home for the past eight years, Tampa, Florida.

543
00:43:47,676 --> 00:43:51,076
The Bitcoin Bay Foundation is putting on the Sound Money Soiree.

544
00:43:51,176 --> 00:43:52,416
It's the third annual.

545
00:43:52,416 --> 00:43:57,116
It's a night of Bitcoin, poker, an open bar, and a silent auction.

546
00:43:57,456 --> 00:44:03,556
All support will go to Bitcoin Bay, a nonprofit that is creating a circular economy down in Tampa Bay, Florida.

547
00:44:04,016 --> 00:44:06,456
They're doing absolutely great things.

548
00:44:06,576 --> 00:44:10,536
And it's the Bitcoin community that I've called home for such a long time.

549
00:44:10,656 --> 00:44:12,936
And these guys are absolutely crushing it.

550
00:44:13,016 --> 00:44:15,196
So please do anything you can to support.

551
00:44:15,636 --> 00:44:16,456
Buy your tickets today.

552
00:44:16,536 --> 00:44:21,436
You can use promo code GREENCANDLE to get 10% off your Sound Money Soiree tickets.

553
00:44:21,576 --> 00:44:23,296
So do you know anything about Bitcoin?

554
00:44:23,616 --> 00:44:23,936
No.

555
00:44:24,196 --> 00:44:26,416
You guys can come down and see this ugly mug.

556
00:44:26,416 --> 00:44:31,356
come boogie on the dance floor shake it and now that bitcoin's over 100k you could do it all with

557
00:44:31,356 --> 00:44:34,816
your girlfriends all right on that for me let's get back to the show

558
00:44:34,816 --> 00:44:43,996
and you got to enjoy your life with the rest of your money while this other person who bought the

559
00:44:43,996 --> 00:44:48,696
rental property they bought the that house they had to put upfront capital into the house first

560
00:44:48,696 --> 00:44:55,476
of all and then they had to keep paying their mortgage for the next 30 40 50 years you're going

561
00:44:55,476 --> 00:45:02,096
to be able to buy their house with that $900 investment. That breaks people's minds. They

562
00:45:02,096 --> 00:45:10,236
just can't grasp that concept. They can't grasp something digital, something being, they call it

563
00:45:10,236 --> 00:45:16,036
thin air. They can't grasp that thing being able to buy real goods. And I think that's going to be

564
00:45:16,036 --> 00:45:22,396
the paradigm shift that really changes the next decade of investors. Yeah, the digital scarcity,

565
00:45:22,396 --> 00:45:29,996
Like I said, I just still think like people just don't understand it because we've never really truly had something that scarce ever.

566
00:45:29,996 --> 00:45:35,296
Right. I mean, you know, it's just kind of they use the term hard assets.

567
00:45:35,536 --> 00:45:51,036
And I'm using the air quotes here because, you know, gold, like you said, like China has found gold and just randomly, you know, El Salvador, I think, was rumored to have billions of dollars of unmined gold, you know, somewhere.

568
00:45:51,036 --> 00:45:58,236
And then, you know, we've got the Winklevoss twins telling Dave Portnoy at one point in time that Elon's going to mine gold off of asteroids.

569
00:45:58,596 --> 00:46:03,536
So there's always been all these crazy stories about how, you know, new gold can just magically appear.

570
00:46:03,536 --> 00:46:05,916
Of course, we know you can build houses.

571
00:46:06,316 --> 00:46:13,756
But, you know, I think previously, like the slowness of real estate was a benefit, right?

572
00:46:13,816 --> 00:46:16,196
Like you can't really sell it that quickly.

573
00:46:16,196 --> 00:46:23,416
so like you're not as uptuned to to buy sell do all these different things but i think you know

574
00:46:23,416 --> 00:46:28,556
when you really take a step back and look at the benefit of bit of bitcoin just being that pristine

575
00:46:28,556 --> 00:46:34,136
collateral kind of reverting back to what you were talking about earlier that market being 24 7 365

576
00:46:34,136 --> 00:46:41,296
as well as being fixed i think is just probably the the greatest invention of our lifetime and i

577
00:46:41,296 --> 00:46:47,256
don't know if we'll ever see anything like that. And for people to kind of get over the hump and

578
00:46:47,256 --> 00:46:51,816
get to looking at Bitcoin as potentially, like you're saying, just getting a fraction of it,

579
00:46:51,916 --> 00:46:58,436
right? $900, $9,000 at this point, that could drastically change your life over time.

580
00:46:59,036 --> 00:47:05,596
And so when you look at that, how are you, I guess, like encouraging people or what are the

581
00:47:05,596 --> 00:47:10,436
best ways do you think that people are going about this strategy? Are you always kind of

582
00:47:10,436 --> 00:47:15,736
encouraging the DCA? Are you looking at the numbers of potentially trying to, you know,

583
00:47:15,836 --> 00:47:21,916
smash buy? How are some of these, I guess, accumulation strategies? Have you done the

584
00:47:21,916 --> 00:47:28,376
numbers on the differences here? Yeah, definitely. So if Bitcoin grows at like, if it grows,

585
00:47:28,936 --> 00:47:32,996
the same amount of dollars aren't going to buy the same amount of Bitcoin, right? Let's say,

586
00:47:32,996 --> 00:47:39,516
for example, if you DCA, let's say you DCA for the next 20 years, you buy $100 worth

587
00:47:39,516 --> 00:47:42,496
every month for...

588
00:47:42,496 --> 00:47:43,876
Let me just do the calculation here quickly.

589
00:47:44,196 --> 00:47:46,756
So if you buy $100 worth every month for the next 20 years,

590
00:47:47,056 --> 00:47:49,536
times 12, times 20,

591
00:47:49,776 --> 00:47:50,936
that works out to $24,000.

592
00:47:52,456 --> 00:47:54,056
In the next 20 years,

593
00:47:54,696 --> 00:47:58,856
you're probably going to get a lot less than 0.24 Bitcoin.

594
00:47:59,916 --> 00:48:03,636
But if you just smash by $24,000 worth of Bitcoin today,

595
00:48:03,896 --> 00:48:07,836
you'll be able to get like 0.26 Bitcoin or something like that.

596
00:48:07,836 --> 00:48:13,896
if you DCA over time, you're probably going to get like 0.05. I don't know the exact numbers,

597
00:48:13,976 --> 00:48:18,356
but you'll get a lot less. So the way that I see it, I mean, you don't have to go all in on Bitcoin,

598
00:48:18,816 --> 00:48:24,436
but put in the time to understand it and put in the time to research it so that you can put

599
00:48:24,436 --> 00:48:30,796
money into it upfront. The thing that I try to explain to people is you don't need to go all in.

600
00:48:31,776 --> 00:48:35,276
People think it's all or nothing. No, you don't have to do that. You don't do that with stocks.

601
00:48:35,276 --> 00:48:36,256
You don't do that with real estate.

602
00:48:36,376 --> 00:48:37,156
You don't do that with gold.

603
00:48:37,336 --> 00:48:39,356
You don't go all in on rental properties.

604
00:48:39,716 --> 00:48:41,836
You still have, let's say, stocks in real estate.

605
00:48:42,196 --> 00:48:46,256
But once you grasp Bitcoin as a concept, you don't want anything else.

606
00:48:46,936 --> 00:48:49,596
But in the beginning, you don't have to go all in on Bitcoin.

607
00:48:49,956 --> 00:48:51,496
It's perfectly fine not to.

608
00:48:51,956 --> 00:48:53,836
You can start with, let's say, 1% of your portfolio.

609
00:48:54,736 --> 00:48:58,976
Eventually, that 1% will be 10%.

610
00:48:58,976 --> 00:48:59,896
Then it'll be 50%.

611
00:48:59,896 --> 00:49:02,256
Then it'll be 99% of your portfolio.

612
00:49:02,256 --> 00:49:06,936
because that 1% is going to outpace everything else massively.

613
00:49:07,036 --> 00:49:08,016
I've done the numbers on this.

614
00:49:09,376 --> 00:49:14,516
Let's say you buy 1% of your portfolio in Bitcoin

615
00:49:14,516 --> 00:49:16,956
and then 99% in stocks.

616
00:49:17,116 --> 00:49:19,436
Stocks give you like a 7% return after inflation

617
00:49:19,436 --> 00:49:22,016
and Bitcoin gives you, let's say, a 35% return after inflation.

618
00:49:22,356 --> 00:49:23,276
Today, that sounds ridiculous,

619
00:49:23,396 --> 00:49:26,796
but I do think that the US dollar can keep losing 35% per year

620
00:49:26,796 --> 00:49:28,916
in terms of Bitcoin for a very, very long time.

621
00:49:29,256 --> 00:49:30,136
So let's say that happens.

622
00:49:30,136 --> 00:49:35,976
in 20 years, your portfolio is going to be 60% Bitcoin and 40% stocks.

623
00:49:36,196 --> 00:49:42,756
If you don't rebalance, if you just buy 1% and 99%, it'll flip.

624
00:49:43,336 --> 00:49:45,396
You'll have majority of your portfolio in Bitcoin.

625
00:49:46,016 --> 00:49:49,116
And if you look at it from that perspective, you don't need to go all in on Bitcoin.

626
00:49:49,696 --> 00:49:52,416
You can go with 1%, 2%, 5%, 10%.

627
00:49:52,416 --> 00:49:55,276
The more you have, of course, the faster your portfolio will grow.

628
00:49:55,916 --> 00:49:59,936
But even if you go with a fraction of your portfolio in Bitcoin, you're going to do very well.

629
00:50:00,136 --> 00:50:01,656
I think that's what holds a lot of people back.

630
00:50:01,916 --> 00:50:03,136
They think of it as all or nothing.

631
00:50:03,256 --> 00:50:05,956
They think that, oh, I got to sell everything and buy Bitcoin with it.

632
00:50:05,956 --> 00:50:06,776
You don't have to do that.

633
00:50:08,396 --> 00:50:12,456
Let's say, for example, you have a stock portfolio, you have a real estate portfolio, leave that alone.

634
00:50:12,996 --> 00:50:13,816
Just keep it.

635
00:50:14,256 --> 00:50:15,516
I don't personally like that idea.

636
00:50:15,656 --> 00:50:17,036
I sold all my stocks for Bitcoin.

637
00:50:17,196 --> 00:50:18,376
I never had rental properties.

638
00:50:18,836 --> 00:50:20,816
But if you have that, leave it alone.

639
00:50:20,936 --> 00:50:21,996
Maybe that's your stability.

640
00:50:22,376 --> 00:50:23,616
Maybe that's what you want to keep.

641
00:50:23,616 --> 00:50:29,896
but having at least a little bit of Bitcoin will hedge your portfolio in case Bitcoin does become

642
00:50:29,896 --> 00:50:34,176
what we think it will. If you have no Bitcoin, you're in the worst position that you can be in.

643
00:50:34,376 --> 00:50:38,896
That's probably the riskiest position that you can be in, having no Bitcoin. But having at least

644
00:50:38,896 --> 00:50:44,556
a little bit, you hedge yourself in case, let's say 20 years from now, everybody has to work for

645
00:50:44,556 --> 00:50:50,996
Bitcoin and you're getting paid like 30 Satoshis an hour. Why not just buy, let's say 3 million

646
00:50:50,996 --> 00:50:56,396
satoshis today if you can if you have that buddy to afford it let's say 10 million satoshis today

647
00:50:56,396 --> 00:51:03,156
0.1 bitcoin why not just buy that today if you can rather than putting yourself through this

648
00:51:03,156 --> 00:51:07,736
situation where you have to work a part-time job you have to work for minimum wage which is a few

649
00:51:07,736 --> 00:51:12,476
satoshis an hour and that's the only thing that you can do for work at some point you're not going

650
00:51:12,476 --> 00:51:20,516
to be able to buy bitcoin so use this time where you can buy it to your advantage yeah and i mean

651
00:51:20,516 --> 00:51:27,596
And I think that that is, that's the interesting thing here is I think that people need to dip their toe in a little bit.

652
00:51:27,656 --> 00:51:32,556
But then once you dip your toe in and you start to see the price action, that's when the real FOMO sets in.

653
00:51:32,976 --> 00:51:36,556
And that's where I think, you know, that's when the FOMO starts to set in.

654
00:51:36,636 --> 00:51:37,996
That's when I think things get interesting.

655
00:51:38,616 --> 00:51:41,636
And, you know, I keep reverting back to the scarcity aspect of it.

656
00:51:41,636 --> 00:51:49,116
And I think that's when we'll potentially see that supply shock just because everybody will start to realize, okay, you know what?

657
00:51:49,116 --> 00:51:53,256
we've got Bitcoin, there's 21 million. And as we were lining out at the beginning of this

658
00:51:53,256 --> 00:51:59,256
conversation, right, there's, you know, a fixed supply of 21 million. So there's only a certain

659
00:51:59,256 --> 00:52:05,136
amount of people that could have 0.1 Bitcoin or less at this point. Because if you evenly

660
00:52:05,136 --> 00:52:10,836
distribute Bitcoin out, right, to the 8 billion people in the world, it's like a little over

661
00:52:10,836 --> 00:52:17,756
200,000 Satoshis right now for each person. So if you have over that, you have more than your fair

662
00:52:17,756 --> 00:52:25,856
share, which at this point is like less than $200 or just at $200. So just owning any portion of

663
00:52:25,856 --> 00:52:32,676
Bitcoin of this fixed supply, I think at this point is a necessity for people. So even though

664
00:52:32,676 --> 00:52:40,096
I do think we are still very early, have you seen just like a more of, I guess, an openness to people

665
00:52:40,096 --> 00:52:46,396
into Bitcoin? Or do you still think that, you know, we're still just getting maybe more people

666
00:52:46,396 --> 00:52:52,416
crypto curious or is do you see like a an increase in the traction so to speak of people who are

667
00:52:52,416 --> 00:52:59,436
interested or at least like coming to try to get educated on on bitcoin going forward or uh as

668
00:52:59,436 --> 00:53:03,456
there's still a lot of resistance because i know you're keeping the receipts for jots which i love

669
00:53:03,456 --> 00:53:09,596
dude but uh but uh yeah there's definitely a lot more people who are interested um but the only

670
00:53:09,596 --> 00:53:14,096
thing is i feel like a lot of people are falling for the trap that um they should buy like this

671
00:53:14,096 --> 00:53:20,756
other shit coin altcoin because it's cheaper and they can get more of it i don't want people to

672
00:53:20,756 --> 00:53:25,716
fall for that trap that's that's the most difficult trap to fall to to come out of once you fall for

673
00:53:25,716 --> 00:53:28,976
that trap you're not gonna be able to get out of it because you're gonna be stuck you're gonna have

674
00:53:28,976 --> 00:53:34,576
this bias that oh i bought this coin it needs to go up it has to go up i personally start like i

675
00:53:34,576 --> 00:53:37,656
don't know if a lot of people know this i don't even know if you know this but i started with a

676
00:53:37,656 --> 00:53:45,236
diversified portfolio of shit coins before i had uh i had cardano i had ethereum i had

677
00:53:45,236 --> 00:53:51,996
this coin called curve i had this other one called um i had a lot a lot of shit coins before

678
00:53:51,996 --> 00:53:57,876
and and i don't want people to fall for that because i saw it it wasted my time i saw more

679
00:53:57,876 --> 00:54:02,896
portfolio decrease in value in terms of these in terms of bitcoin because of these shit coins

680
00:54:02,896 --> 00:54:05,556
and if I hadn't held those shit coins

681
00:54:05,556 --> 00:54:07,776
I would have probably had a lot more Bitcoin now

682
00:54:07,776 --> 00:54:11,396
because I sold all those shit coins

683
00:54:11,396 --> 00:54:14,896
but by that point, by the time I sold them

684
00:54:14,896 --> 00:54:18,656
I mean my portfolio had already lost in terms of Bitcoin

685
00:54:18,656 --> 00:54:19,716
so what I would say is

686
00:54:19,716 --> 00:54:22,216
be curious about this thing

687
00:54:22,216 --> 00:54:26,516
try to read something like the Bitcoin Standard

688
00:54:26,516 --> 00:54:28,556
there's the Price of Tomorrow

689
00:54:28,556 --> 00:54:31,776
there's the Big Print

690
00:54:31,776 --> 00:54:32,996
Larry

691
00:54:33,221 --> 00:54:40,861
um nick batia's uh layered money there's broken money by lynn alden there's so many great books

692
00:54:40,861 --> 00:54:46,201
and understanding what bitcoin is even listening to podcasts this is so valuable because

693
00:54:46,201 --> 00:54:52,741
i got a lot of my knowledge from other people just talking through whatever is in their mind

694
00:54:52,741 --> 00:54:58,761
and in a it gives you a different perspective and a lot of people who are on podcasts they

695
00:54:58,761 --> 00:55:02,441
haven't written their own books i haven't written my own book and i'm i'm trying to explain this

696
00:55:02,441 --> 00:55:07,741
concept to other people while I'm also learning. So I think just studying it and understanding it,

697
00:55:07,841 --> 00:55:14,661
understanding why, let's say altcoins could fail or why Bitcoin could replace the US dollar as

698
00:55:14,661 --> 00:55:21,321
money. I think understanding that is key if you really want to succeed financially. If you stick

699
00:55:21,321 --> 00:55:27,381
to the legacy financial system, I think you're setting yourself up because in the next few years,

700
00:55:27,381 --> 00:55:34,121
who owns a lot of stocks baby boomers why would you ever hold generational wealth on a piece of

701
00:55:34,121 --> 00:55:40,181
paper it doesn't make sense you need a foolproof solution and i've got it for you you could get

702
00:55:40,181 --> 00:55:46,981
this as low as 25 and if you use promo code green candle you can get 10 off being around for 12

703
00:55:46,981 --> 00:55:53,341
years they've engineered the perfect and most easy to use solution i've partnered with crypto steel

704
00:55:53,341 --> 00:55:55,301
to offer for you guys just that.

705
00:55:55,601 --> 00:55:57,741
It is the cheapest and most secure way

706
00:55:57,741 --> 00:55:59,461
to store your C-phrase.

707
00:55:59,741 --> 00:56:00,821
I don't know about you guys,

708
00:56:01,001 --> 00:56:02,681
but I don't have too many things

709
00:56:02,681 --> 00:56:05,621
where I think one ton is going to fall on this,

710
00:56:05,721 --> 00:56:08,121
but it could survive all of that and more.

711
00:56:08,741 --> 00:56:11,341
So go to CryptoSteel.com.

712
00:56:11,421 --> 00:56:13,241
You can use promo code GreenCandle.

713
00:56:13,241 --> 00:56:16,681
You can get 10% off your entire order

714
00:56:16,681 --> 00:56:18,061
if you go there today.

715
00:56:18,741 --> 00:56:21,421
So go ahead and protect your generational wealth

716
00:56:21,421 --> 00:56:26,021
and do it with crypto steel. All right, enough from me. Back to the show.

717
00:56:26,301 --> 00:56:30,781
You stick to the legacy financial system. I think you're setting yourself up because

718
00:56:30,781 --> 00:56:35,901
in the next few years, who owns a lot of stocks? Baby boomers.

719
00:56:37,361 --> 00:56:40,681
Baby boomers are going to sell their stocks. Maybe they borrow against them.

720
00:56:41,281 --> 00:56:45,081
But when they have to pass those on to younger people, let's say those younger people don't want

721
00:56:45,081 --> 00:56:49,421
stocks. They want Bitcoin. They want gold or they want other, they want, let's say altcoins.

722
00:56:49,421 --> 00:56:52,801
they're not going to hold on to those stocks they're going to dump them into the market so i

723
00:56:52,801 --> 00:56:59,821
think that let's say millennials gen z gen alpha gen beta all the all the generations after

724
00:56:59,821 --> 00:57:04,961
millennials i think they're falling for a trap if they're buying index funds i don't think that

725
00:57:04,961 --> 00:57:10,941
index funds can perform the same way that they did in the past because in the past the people who

726
00:57:10,941 --> 00:57:15,781
bought index funds the people who bought real estate they already own them and they're going

727
00:57:15,781 --> 00:57:18,181
to have to get rid of them to pay for their lifestyle at some point or they're going to

728
00:57:18,181 --> 00:57:21,541
have to borrow against them to pay for their lifestyle. And they maybe won't even be able to

729
00:57:21,541 --> 00:57:25,801
handle managing their real estate portfolios or their stock portfolios. You're going to have to

730
00:57:25,801 --> 00:57:29,481
pass them on to their kids and their kids aren't going to want them. I don't think they are. I think

731
00:57:29,481 --> 00:57:34,321
that Bitcoin is such a superior asset that millennials, Gen Z, Gen Alpha, Gen Beta will

732
00:57:34,321 --> 00:57:40,261
figure this out. And they'll want to get rid of their legacy assets for Bitcoin because Bitcoin

733
00:57:40,261 --> 00:57:45,821
is such a self-sovereign asset. We talked about all the benefits before. You can't change it. You

734
00:57:45,821 --> 00:57:46,941
can't steal it from someone.

735
00:57:47,061 --> 00:58:04,655
Whereas with stocks for example your stocks are kept on a brokerage in a brokerage account the brokerage owns your assets They can take them away from you at any time I used to work at TD Waterhouse the direct investing brokerage and I would constantly

736
00:58:04,655 --> 00:58:10,335
see people's accounts blocked because they didn't make their payments to the CRA, the

737
00:58:10,335 --> 00:58:11,435
tax agency in Canada.

738
00:58:12,255 --> 00:58:16,035
So their accounts are blocked, and they have this money sitting in their account, but they

739
00:58:16,035 --> 00:58:20,615
can't do anything with it because they haven't paid their tax bill. So why would you want to put

740
00:58:20,615 --> 00:58:25,375
yourself in that situation? Why not just own the best asset in the world? If you have these other

741
00:58:25,375 --> 00:58:28,575
assets, of course, if you want to keep them, that's perfectly fine, but do whatever you can

742
00:58:28,575 --> 00:58:33,955
to accumulate as much Bitcoin as you possibly can. That's so interesting that they would freeze

743
00:58:33,955 --> 00:58:39,075
accounts with money in them when they want money. It's like, wouldn't you think, all right, well,

744
00:58:39,415 --> 00:58:44,395
I don't know, maybe force some liquidation or something like that in order to pay the taxes.

745
00:58:44,395 --> 00:59:14,375
But yeah, I mean, I think that's just a story as old as time. And I think the average person just thinks that it won't happen to them. You know, I was in Bitcoin Amsterdam here this past week, and there was actually somebody on stage that right before I was I was jumping on that said that their bank account in Switzerland, which, you know, historically is, you know, that the most free and open banking industry in the world, allegedly, has this person.

746
00:59:14,395 --> 00:59:18,635
and had their bank accounts frozen like three or four separate times in Switzerland.

747
00:59:18,935 --> 00:59:23,555
So I think more people are starting to realize that the money in the bank,

748
00:59:23,635 --> 00:59:27,295
the money in your brokerage account, you know, when you have that counterparty risk,

749
00:59:27,295 --> 00:59:28,675
it's really not your money.

750
00:59:28,675 --> 00:59:33,655
And the only true form of money is Bitcoin in self-custody.

751
00:59:33,895 --> 00:59:38,055
Because, I mean, even now I've had Bitcoin, you know, I pay some of my editors

752
00:59:38,055 --> 00:59:40,635
and I have some Bitcoin on this hot wallet.

753
00:59:40,635 --> 00:59:48,735
And, you know, with the with the Cloudflare explosion this morning, I actually couldn't access some of my Bitcoin today.

754
00:59:49,215 --> 00:59:51,955
So kind of kind of funny story on that.

755
00:59:52,055 --> 00:59:58,775
But, you know, I'm not going to out who it was necessarily because I still think it's a it's a good company and everything's still fine.

756
00:59:58,775 --> 01:00:13,175
But at the end of the day, you know, this is why I think just having Bitcoin in self-custody away from any sort of counterparty risks, including, you know, Coinbase's of the world, Krakens, all of these other guys, I think is extremely important.

757
01:00:13,175 --> 01:00:26,935
And I think, you know, once we get over that mental hurdle that it's difficult to hold Bitcoin in self-custody, I think, you know, that's going to be the way and more people are going to be seeing things that you're pointing out here.

758
01:00:27,055 --> 01:00:28,515
And we're just so early.

759
01:00:28,775 --> 01:00:33,735
yeah i don't think everybody can even take self-custody if they wanted though because

760
01:00:33,735 --> 01:00:40,095
just it's i don't think most people want to yeah first of all i don't think most people want to

761
01:00:40,095 --> 01:00:43,375
have control over their money because they're just worried that oh if i lose my 12 words my

762
01:00:43,375 --> 01:00:49,735
bitcoin's gone um if i break my wallet my bitcoin's gone people there's this this very

763
01:00:49,735 --> 01:00:55,555
limited amount of understanding when it comes to bitcoin and because of that partly because of that

764
01:00:55,555 --> 01:00:57,455
I don't think people will want self custody.

765
01:00:57,455 --> 01:01:00,135
And then most people don't really want control of their own life.

766
01:01:00,595 --> 01:01:03,595
They're okay with giving their control over over to somebody else.

767
01:01:04,155 --> 01:01:05,995
And to them, it doesn't really matter.

768
01:01:06,795 --> 01:01:23,269
But even then I think the people who do have Bitcoin in self custody they going to do really well I think there going to be there probably going to be a lot of trusted third parties that we do have to trust like layer twos layer threes and over time more reputable layer twos and layer threes will come out and they be the ones that we going to be using

769
01:01:23,269 --> 01:01:29,569
yeah and i definitely yeah i mean i hear you on that too i mean i i definitely agree with that

770
01:01:29,569 --> 01:01:34,809
point as much as i try to be a proponent of self-custody um you know i i definitely think

771
01:01:34,809 --> 01:01:39,689
that a lot of people especially like older generations you know they they see the ibit

772
01:01:39,689 --> 01:01:45,549
products and other things and they want to hold it that way opposed to holding it uh in self-custody

773
01:01:45,549 --> 01:01:51,049
because i mean i've i've talked to a few actually that uh have told me like yeah i get the whole

774
01:01:51,049 --> 01:01:55,949
self custody thing, but I'm just too old for that. That's, that's, you know, their, their,

775
01:01:55,949 --> 01:02:01,209
their qualm with all that. So it is kind of an interesting development. But, you know, I know

776
01:02:01,209 --> 01:02:09,089
we're a little, I guess, quote, unquote, bearish here with the short term price action. And you had

777
01:02:09,089 --> 01:02:15,109
a great talk at the Canadian Bitcoin conference titled, You're Not Bullish Enough. So tell us,

778
01:02:15,209 --> 01:02:20,689
dude, why should we even when we're down in the dumps in this 90k range, why we should still be

779
01:02:20,689 --> 01:02:27,249
bullish nothing about bitcoin has changed it's just the price there's still 21 million bitcoin

780
01:02:27,249 --> 01:02:32,169
there's still a block every on average 10 minutes nobody nobody can change that nobody can make it

781
01:02:32,169 --> 01:02:35,529
so that your bitcoin can be taken out of your wallet without your permission none of that has

782
01:02:35,529 --> 01:02:43,009
changed the only thing has changed is the perception of value of bitcoin to me bitcoin's worth

783
01:02:43,009 --> 01:02:48,469
hundred it's worth infinity us dollars there's no i have it on my on my x portfolio and on my

784
01:02:48,469 --> 01:02:54,449
on the bio, one Bitcoin is worth infinity US dollars. So if you get a discount on Bitcoin,

785
01:02:54,529 --> 01:03:00,069
then why not? Why not buy some, right? But the way that I see it, in 30 years, let's say when

786
01:03:00,069 --> 01:03:04,829
Bitcoin is worth $10 million, $20 million, $50 million, whatever it is, I have no idea.

787
01:03:05,489 --> 01:03:09,309
At that point, you're not going to be concerned with whether you bought Bitcoin at $90,000 versus

788
01:03:09,309 --> 01:03:14,649
$92,000 versus $85,000. You're not going to care. What you're going to care about is the nominal

789
01:03:14,649 --> 01:03:18,289
amount of Bitcoin you have. That's the only thing that's going to matter. If you have one

790
01:03:18,289 --> 01:03:23,509
Bitcoin in 30 years, if it's worth, let's say, $50 million, you're not going to wonder, oh,

791
01:03:23,589 --> 01:03:29,649
why didn't I wait to buy? Why didn't I wait until it dropped to 40K to buy? You're not going to be

792
01:03:29,649 --> 01:03:35,209
thinking that. What you're going to be thinking about is I have 100 million Satoshis, and this

793
01:03:35,209 --> 01:03:39,549
is generational wealth. I can pass this on to my kids. I can pass it on to my grandkids. I've truly

794
01:03:39,549 --> 01:03:43,029
changed their lives. That's all you're going to care about. You're not going to care about, oh,

795
01:03:43,369 --> 01:03:47,289
I had to spend more or less money. I had to do this, and I had to do that. All of that's going

796
01:03:47,289 --> 01:03:52,129
to be irrelevant at that point. So stay bearish. I mean, no, not stay bearish, stay bullish,

797
01:03:52,369 --> 01:03:57,229
be as bullish as you can, because that's the only way for you to buy it. If you're not bullish,

798
01:03:57,269 --> 01:04:02,989
you're not going to want to buy Bitcoin. Yesterday, when Bitcoin was at just under 90k,

799
01:04:03,149 --> 01:04:10,269
it dropped just under 90k. And again, keep in mind that this could age very badly. Let's say

800
01:04:10,269 --> 01:04:14,969
Bitcoin does go down to 40k. And that's perfectly fine. I'll buy more. But yesterday, when I was at

801
01:04:14,969 --> 01:04:23,189
89k i bought some against my i didn't want it it was against my i did it was against my emotions i

802
01:04:23,189 --> 01:04:36,403
was thinking what if it goes lower what if it goes lower i don want to be buying at the top i don want to be buying uh before falling knife It actually gets all the way low as low as it can I don know where Bitcoin is going to go

803
01:04:36,403 --> 01:04:42,003
in the short term, but I went against my emotions. I used my logic to buy as much Bitcoin as I could.

804
01:04:42,623 --> 01:04:50,003
And I posted the receipt for the purchase. And I'm happy with doing that. Because I know in the

805
01:04:50,003 --> 01:04:56,643
long term, even if Bitcoin's price does go down to 40k, and I bought at 89k. I don't care. It

806
01:04:56,643 --> 01:04:59,743
doesn't really matter to me. I don't need that Bitcoin in the short term. I need it in, let's

807
01:04:59,743 --> 01:05:04,183
say the next 20 years, the next 30 years. That's when I'm going to be worried about whether or not

808
01:05:04,183 --> 01:05:09,623
I have enough Bitcoin. Today, I'm just stacking as much as I can. It doesn't matter how much I stack.

809
01:05:09,663 --> 01:05:13,743
It doesn't matter how much I get. I don't really care. I don't care about the US dollar price of

810
01:05:13,743 --> 01:05:19,923
Bitcoin. All I care about is getting as much as I can. I love it. And I think that's a that's

811
01:05:19,923 --> 01:05:25,263
a great place to wrap it all up, dude, because we got to stay bullish in this bearish term.

812
01:05:25,263 --> 01:05:30,863
And we'll be buying on the way down as well as buying on the way up. So Rajat, thank you so much

813
01:05:30,863 --> 01:05:35,303
for joining. Why don't you tell people where they can find out more about you and the great content

814
01:05:35,303 --> 01:05:38,743
you're putting out, brother, because I'm absolutely loving your videos these days.

815
01:05:39,083 --> 01:05:43,903
So let them know where they can find them. I appreciate that. So I have a YouTube channel.

816
01:05:44,323 --> 01:05:49,023
You search for Rajat Sony Finance, you'll find me. I have a private community where I post

817
01:05:49,023 --> 01:05:54,243
exclusive content. You can check that out. It's in the link. It's in the description of every

818
01:05:54,243 --> 01:05:59,803
single one of my videos. I do one-on-one sessions. If anybody wants to talk to me one-on-one,

819
01:05:59,883 --> 01:06:03,623
if you have any questions about Bitcoin, about personal finance, a lot of people ask me about,

820
01:06:04,363 --> 01:06:08,703
they don't even ask me about Bitcoin that much. A lot of people do ask me about Bitcoin,

821
01:06:08,703 --> 01:06:15,483
but a lot of people ask me how I grew my social media presence. And if that's what you want to

822
01:06:15,483 --> 01:06:19,403
talk to me about, that's perfectly fine. You can book a meeting with me. You can check out my ex,

823
01:06:20,403 --> 01:06:24,963
Rajat Soni. You'll find me. Just search for my name. You'll find me. I'm the bald guy with the

824
01:06:24,963 --> 01:06:31,283
verified account. Other than that, I don't really post too much more on social media. I used to post

825
01:06:31,283 --> 01:06:37,523
on Instagram, but I stopped. Yeah. I think the best way to reach me if you really want to have

826
01:06:37,523 --> 01:06:44,023
a conversation is book a one-on-one meeting or join my community. Yep. And I'll put all that in

827
01:06:44,023 --> 01:06:49,523
the show notes and I can tell that, all right, I can attest this guy's a legend. I saw him a great

828
01:06:49,523 --> 01:06:53,903
speech in the Canadian Bitcoin conference. And brother, I hope to see you at some more of these

829
01:06:53,903 --> 01:06:58,923
because I think you need to get to not only just the digital presence, but I want to see you more

830
01:06:58,923 --> 01:07:04,243
at more of these conferences, speaking the good word, man, because I really appreciate all you do

831
01:07:04,243 --> 01:07:09,403
for the space. I appreciate it. I mean, I think that I think the fact that the CFA Institute

832
01:07:09,403 --> 01:07:15,223
investigating me for being too bullish on Bitcoin speaks for itself. I am a permable. I will always

833
01:07:15,223 --> 01:07:20,383
be bullish on Bitcoin unless something fundamentally changes. I will always be buying no matter what.

834
01:07:20,843 --> 01:07:25,863
Amen to that, man. I love it. So everybody go check out Rajat. I'll put everything in the show

835
01:07:25,863 --> 01:07:29,943
notes. And Rajat, thanks so much, brother. I appreciate it, Brandon. Thank you so much for

836
01:07:29,943 --> 01:07:34,363
having me. Thank you guys all for tuning in to another great episode of the State of Bitcoin

837
01:07:34,363 --> 01:07:39,103
podcast. If you found some value in this one, please hit that subscribe button and that like

838
01:07:39,103 --> 01:07:43,223
button to help send this one to the masses. And I've got a surprise for you guys. I've got two more

839
01:07:43,223 --> 01:07:47,503
episodes that you have the chance to watch here. So go ahead and click one of them and I'll see you

840
01:07:47,503 --> 01:07:48,603
guys all at the next one.