Get Rich with Less Bitcoin than you Think

Brian Harrington1,461 words

Full Transcript

The comments that make me the most sad are the ones that say that you need $100,000 in order to own a significant amount of Bitcoin or in order to get rich off Bitcoin or in order for it to change your life. They because and I love all the comments. I read every comment. I I read every comment. um that it it's it's it's on me. Like there's something that I'm not articulating clearly enough about the opportunity that Bitcoin presents. And those are the comments that make me the most sad because it's just it's it's it's on me that there's something that I'm still just not quite nailing in a way that everyone is understanding. And so the here here's why. Here again is why you need less Bitcoin than you think. You need less Bitcoin than you think in order to get rich, in order for it to change your life. That's what I'm going to cover in today's video. My name is Brian. I've been an investor in Bitcoin since 2015. I spent the last several years of my career working inside Bitcoin fintech companies building Bitcoin financial services. I was working on Bitcoin in retirement accounts before the Bitcoin ETF ever even came out. the most successful ETF launched in the history of ETFs. By the way, Black Rockck makes more money on their on their Bitcoin ETF than they do on their S&P 500 ETF. But again, sometimes saying that sentence might be what's feeding into this belief that, oh, Bitcoin's only for rich people. Bitcoin's only for rich people. You have to buy a lot of it in order for it to continue to make you wealthy. Because again, I want to dispel that. It's the opposite. You need less Bitcoin than you think. I've talked to thousands of people about how they're incorporating Bitcoin into their personal finances and universally you overestimate how much Bitcoin influencers and people that talk on the internet have and rich people have and you underestimate the small amount of Bitcoin that can have an impact on your personal finances. And here's the reason. Here's the reason. I'm going to try to just hit this from a a different brand new angle. The reason is because other people are not investing in Bitcoin yet. Now, that's not revolutionary, right? They're just like, "Okay, well, yes." But look, like seriously, the normal American millionaire, the normal American millionaire is focused on just buying the S&P 500 and buying the NASDAQ. That's what they're focused on. Their 401k is focused on a target date fund that has the S&P 500 and the NASDAQ and bonds in it. That's what they're doing every single month passively. Passively. And if they're investing on top of that in their Roth IRA, they're getting crazy and picking tech AI stocks. I'm saying crazy in a neutral way. They're like they're getting risky and picking tech AI stocks. That's what the normal American millionaire is doing. Okay. All of those are companies. Companies in stock investing relies on revenue and multiples. So the company has to earn money and then the value of the common stock has to do with what multiple you put what value you put on the future revenues. Bitcoin is not a company. Bitcoin is not a stock. So when you're coming into the comments saying that, oh, you have to have a lot of money to buy a lot of Bitcoin so that when it doubles, you can then have a lot. And even if it doubles, you're not you don't have that much money, right? Like that's what people are saying, okay? That that don't that and there's a fundamental misunderstanding there. Bitcoin is not a company, okay? Bitcoin is the most successful open-source project, open- source software project in the world. Okay? It's the first and it's the first attempt at hardcapped open-source money. So, there's only 21 million and everyone that runs the Bitcoin software keeps that fact intact that there's only 21 million. It's one of the only f because the world is changing so fast, right? The world is changing so fast. all these variables are changing all this time. It's a constant fact that there's only 21 million. And if your software changes that, then you're no longer running Bitcoin. You're running something else. Okay? If you need a deeper dive on that, then that is right at the learning curve that you're at, and you need to go study that. You have to go figure that out or else you're going to continue to have this fundamental misunderstanding that Bitcoin is like a stock. And so therefore, you have to have a lot of it in order to change your life. Okay? Because there's a hard cap. Because it's the only thing in the world that there is no public CEO founder, there's no public board of directors. It is the largest macro asset in the entire world that is provably neutral. And in a world where everyone is fighting for what they believe are limited resources, a provably neutral store of value is incredibly valuable. Here's the other thing. When you're investing in stocks, you talk about this the TAM, the total addressable market of that product and then that is a cap on their revenue. Apple, iPhone, there's only so many people in the world and now cell phone usage has gone way up, right? Cell phone usage has gone incredibly up. But there's still people that live in parts of the world where having a cell phone doesn't help them quite yet. There's a cap on how much money that Apple can make. There's no cap on Bitcoin because everyone needs money. Everyone in the entire world can benefit from money and needs money. Okay, that's an you might not love that example. You might not love that example. It might be a bad one off the top of my head, but still the concept of a company having a capped total addressable market in Bitcoin being better than fiat money being a better store of value. There is no cap on the total addressable market. Every single human in the world can benefit from this. That that right there is the reason why you need less than you think. Okay? And then you get into so yeah that's you get into that sends you down a rabbit hole of like what is money, what is debt, what is credit and we can sit here and talk about that. I have other videos that talk about that. But the fact that you so having a the just the the growth trajectory is so big for the future of Bitcoin and it's so small. This is why I have so many videos talking about the 0.21 0 21 because you take 21 million divided by 021 that's 100 million. 100 million in a world of 8 billion people puts you in the top 1%. Only a 100 million people can ever have 0.21 Bitcoin. 21 Bitcoin right now is trading for like 16 or 17,000. So right there dispels the comments that say you need $100,000 to get started. That's not true. You need 16 or $17,000 to have a I call it this minimum significant amount. Okay? And honestly, even below that is still significant. It's still something. But having a goal of acquiring 16 to $17,000 of Bitcoin, then what you're effectively betting on, what you're effectively betting on is that Bitcoin is going to reach global adoption. It's going to rewrite the world debt and credit markets. That's what you're betting on. And no company has the as much upside as Bitcoin does. So the people that think you need a lot to get started, they're stuck in like stock investing and they're stuck in getting doubles and triples of their money and then selling out of it. That's what they're focused on. Bitcoin is not that. Bitcoin is you dedicate 16 to $17,000. You just put it to the side. You focus on the Bitcoin units themselves. Focus on getting 0.01 a month. 0.001 a week and you just put it to the side, you get to 0 21 and that is what it is and then you wait. You wait and watch Bitcoin continue to grow and grow and grow. And so yeah, the comments that make me the most sad and the most just frustrated and sad are the ones that think you need a lot to get started because less than you think. You need bit less Bitcoin than you think in order to have a life-changing impact on your personal finances.

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