It’s pretty crazy to me how an asset that is up nearly 90% this year and has beaten EVERY OTHER ASSET ON THE PLANET for the past 10 YEARS still isn’t owned by most people.
I actually convinced my own father to invest a significant portion of his retirement fund into Bitcoin this week as well.
And I bought more myself.
Why?
*obviously this isn’t investment advice, consult an advisor, yadda yadda*
1) I can’t get over the scarcity.
21 million of anything doesn’t seem like that much these days.
The Government routinely prints TRILLIONS out of thin air.
Presidential campaigns spend billions.
Companies raise billions literally over night from venture capital
The list goes on.
But there will ONLY EVER be 21 million BITCOIN.
That’s it.
And it’s crazier than that when you really think about it.
I always thought GOLD was the “gold standard”.
Super scarce.
Really hard to make.
Can’t find more.
Always going to be valuable.
Yeah right.
This was published literally a few days ago.
They LITERALLY JUST FOUND THE LARGEST SUPPLY OF GOLD IN THE WORLD.
Just found it.
Poof.
Out of thin air.
And now gold isn’t as valuable as it once was.
It’s like some guy just pulled more monopoly money out of the ground and added it to the game…
Did I mention this doesn’t happen with Bitcoin? :)
2) I can’t get over the DEMAND.
So, I may not be the smartest guy in the world but I understand this about making money.
Supply and demand.
In order to charge a high price….
You need a LIMITED supply + a LARGE DEMAND.
Think Louis Vuitton
Obviously, Bitcoin has the most limited supply of ANYTHING, so that’s great.
But when I start hearing about the demand it starts to get ridiculous.
First, it was Microstrategy (a BILLION dollar company TRADED ON THE NEW YORK STOCK EXCHANGE).
Next, it was SQUARE (the $80 BILLION DOLLAR PAYMENT GIANT)
Next, it was this little company called PAYPAL….
Then it was this little company called FIDELITY…
Oh and this little bank you may have heard of… JP MORGAN CHASE….
3) Last reason. The smartest people in the WORLD are in.
At this point you really need to ask yourself serious questions.
A) Am I smarter than the CEO’s of Twitter, Square, Microstrategy, Paypal, JP Morgan Chase, Fidelity?
B) Am I smarter than the legion of QUANTS (basically statisticians on STEROIDS) who have analyzed bitcoin and found it to be one of the most remarkable assets ever created?
C) If I were to “go down the rabbit hole” and explore this more, would I find even more extremely smart people that I never knew existed? (I will answer this one for you, yes, you will. There are literal geniuses in this space).
For example, I’ll point you to this thread on twitter, it might be a little complicated for some but it’s a very smart guy breaking down Bitcoin step by step.
That’s all I’ve got for today folks.
I know, I’m the “Amazon Guy”.
And I do fully believe with all my heart that you NEED to start a BUSINESS to create REAL WEALTH before you can “Invest your way” to the freedom we all want…
But if you’ve already started an Amazon business or business of some other kind and reaped the rewards…
Bitcoin is an absolutely insane value proposition that I’ve personally never seen before and that, at this point, I feel irresponsible not telling you about.
Take it for what it’s worth.
Kale
p.s. if you aren’t subscribed come on :) Help a brother out and get this letter 5x a week. Putting my heart and soul in here, I hope you can tell :)
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