HOW can BITCOIN help *you* RIGHT NOW?

00:01 Hi everyone. Let's talk about how 00:03 Bitcoin helps you right now. So, I often 00:07 get this question from people. They're 00:08 like, "Well, you know, Bitcoin's nice. I 00:10 hear you. I hear you. But how does it 00:11 help me right now?" Okay. So, let's walk 00:15 through that one. If you have so much as 00:18 one US dollar, a single US dollar, 00:22 Bitcoin can help you right now. So, what 00:24 is what is money? What is a dollar? As 00:27 Jack Mhler says, you know, money is time 00:29 and energy in in abstracted form. What 00:32 does that mean? What that means is you 00:34 spend your time or your energy, usually 00:36 by going to work, going having a job. 00:39 You spend your time and energy, you get 00:41 paid. And what that pay represents that 00:43 what that US dollar represents is your 00:46 time and energy. The problem you have 00:49 right now is that every single US dollar 00:52 you own is a melting ice cube. every 00:55 single one of them is losing value 00:57 somewhere between 4% and 9% per year. 01:01 And in times of where inflation spikes, 01:03 it gets into the double digits for what 01:06 percent of your purchasing power you are 01:08 losing every single year. So every 01:11 single US dollar you have is a melting 01:13 ice cube. You have a problem right now, 01:16 which is your purchasing power is 01:18 eroding every single second of every 01:21 single day. That ice cube of US dollars 01:23 you are holding is constantly constantly 01:26 bel me melting now. So what can you do 01:29 about that? You can convert that ice 01:31 cube into hard money into sound money 01:34 into Bitcoin. The one thing that there 01:37 will never be more than 21 million of 01:39 any time anywhere in the world. And by 01:42 making that conversion into Bitcoin you 01:44 guarantee that nobody can take away your 01:46 purchasing power. The government cannot 01:48 dilute your purchasing power. It can't 01:51 devalue your time and your energy that 01:53 you spent working. It cannot devalue 01:56 that by inflating away your money and 01:59 making your money lose purchasing power. 02:01 So that's what Bitcoin can do for you 02:03 right now. And everyone has that 02:06 problem. Everyone who is holding US 02:07 dollars has that problem of the melting 02:10 ice cube problem that the US dollars are 02:13 slowly and sometimes quickly losing 02:15 value. But they are always relentlessly 02:18 losing value. Now the common objections 02:21 or the common solutions people have is 02:23 they would say yeah but I'm not storing 02:25 my wealth in US dollars. I'm storing it 02:27 in my house. You know I'm using I'm 02:29 using my US dollars to you know to to 02:32 build equity in my house. Your house is 02:34 not a scarce resource. Humans are 02:37 capable of creating an unlimited number 02:39 of houses. So in times where the US 02:42 dollar is devaluing it appears your 02:44 house is going up in value. But that is 02:47 primarily because the measuring stick is 02:49 changing. So as the value of the US 02:51 dollar shrinks, the value of the your 02:54 house goes up because the number of US 02:56 dollars that it takes to represent the 02:59 value of your house goes down. Um sorry, 03:03 the the the measurement goes down. So 03:04 the the uh the number of dollars goes 03:06 up. So, if you bought your house for 03:09 $120,000 and now it's worth $200, the 03:12 question is, did your house really go up 03:14 $80,000 in value or did the dollar just 03:17 shrink by whatever that is, 33% or 03:20 whatever? That results in your house 03:22 having the same value, but the measure 03:24 the measuring stick of US dollars just 03:26 shrunk. So, it now represents 200 of 03:29 them uh 200,000 of them instead of 03:31 120,000 of them. Most of the increase in 03:34 your value of your house is not an 03:37 increase in the value of your house. 03:38 It's a decrease in the value of the 03:40 dollar that is measuring the value of 03:42 your house. Okay? Uh and so not only is 03:46 most of the value you perceive that is 03:48 making your house go up actually a 03:51 difference in the loss of the value of 03:52 the dollar rather than an increase in 03:54 the value of your house. Your house 03:55 requires maintenance. Your house 03:57 requires property taxes. If you don't 03:58 pay the government, they will take it 03:60 away from you. Um, and uh, you know, 04:03 there's there's all there's insurance, 04:05 there's a huge amount of expenses that 04:07 come with your house. And if you factor 04:09 all of those in, it eats away some or 04:12 all or typically much more than the 04:15 increase in the value of your house. It 04:17 is definitely costing you money to live 04:19 in your house. And the home equity 04:20 you're building again doesn't look 04:23 nearly as good or could even be negative 04:25 when you factor in the fully loaded cost 04:27 with insurance, with uh property taxes, 04:30 with maintenance, and with the when you 04:32 adjust for the fact that what appears to 04:34 be the increase in the value of your 04:36 house is actually a decrease in the 04:38 value of the dollar. Uh meaning when you 04:40 sell your house, there's a good chance 04:41 that $200,000 buys you less stuff. When 04:45 you sell your house for 200, then 04:47 $120,000 would have bought you at the 04:49 time you bought your house, you know, 04:51 whatever it was 10 years ago or 04:52 whatever. Um you'll actually have less 04:55 purchasing power versus more, even 04:56 though it appears your purchasing power 04:58 is increasing. Uh now, you may say, 05:00 "Well, okay, but I'm not saving up in in 05:03 that. I'm saving in a 401k or an IRA or 05:06 stocks or bonds or anything like that. 05:09 Those things also have lots of risks and 05:12 lots of problems. So for example, a huge 05:14 amount of the appreciation of stocks and 05:16 bonds is reflected by the decrease in 05:19 the purchasing power of the dollar. Same 05:21 problem as a house of your stock 05:23 portfolio is being measured in 05:25 increasingly uh less valuable dollars. 05:28 Therefore, it looks like it's going up, 05:30 but really the measuring stick is 05:31 shrinking. Um so that's happening to 05:33 your stock portfolio as well. Um 05:36 additionally uh with stocks and bonds 05:39 there's a huge amount of risk. Um there 05:41 was a panic scare you know over the last 05:43 week where there was a false story in 05:46 the Wall Street Journal that Tesla's 05:49 board of directors was looking for a CEO 05:51 other than Elon Musk. Now it was fake 05:53 news. The Wall Street Journal was 05:55 notified of the fact that it was fake 05:57 ahead of time. They published the story 05:59 anyway. Tesla's stock price dropped 06:01 because obviously, you know, Tesla 06:03 without Elon Musk is way less valuable. 06:05 Um, and again, you're subject to risks 06:08 like that. Now, it was a it was fake 06:10 news. Uh, presumably the the the stock 06:12 price of Tesla will come back when 06:14 everybody realizes that it was a fake 06:16 story. It got published in the Wall 06:18 Street Journal, which is a pretty 06:19 reputable, you know, uh, publication by 06:22 comparison. Um, so as a result, if 06:25 you're in stocks and bonds and all this 06:27 other stuff, you're subject to execution 06:29 risk. All of those assets, in my 06:32 opinion, are significantly overvalued 06:35 right now, given the fact that the 06:36 government has printed a ton of money 06:38 and it has artificially inflated the 06:41 value of stocks and bonds and, you know, 06:43 any sort of securities. As a result, the 06:46 price you're paying or the the value you 06:49 you believe you are holding in stocks 06:51 and bonds and everything else um is is 06:55 at prices in those companies that in my 06:57 opinion is unsustainable. It's not that 06:59 those companies will never be worth that 07:01 much. I just don't think many of the 07:03 companies on the stock market are worth 07:05 that much right now. And at some point 07:07 there will be an adjustment. There will 07:09 be a correction. Uh in fact, we had one 07:11 recently in the stock market where it 07:13 dropped by 20%. 20% is a lot like that 07:17 is wiping out 20% of the purchasing 07:19 power that you stored in the US dollar. 07:22 Now, Bitcoin is also volatile. Bitcoin 07:24 also does drop from time to time. The 07:26 most recent the largest percentage drop 07:29 in um the last year or two or three was 07:33 I think like 33%. But that was very 07:35 short, you know, was very short. So, 07:37 typically the drops in the stock market 07:39 are much longer. So if the stock market 07:41 goes through a major price correction 07:44 that can last for you know it can take 07:46 two three four five years until it 07:48 recovers to the prices of today as 07:51 opposed to Bitcoin which virtually 07:53 always recovers you know in a in a 07:55 shorter period of time than the stock 07:58 market. Um, so, uh, in my opinion, 08:02 Bitcoin preserves your purchasing power 08:04 better than stocks or bonds or real 08:06 estate or gold, even though gold's been 08:09 performing very well recently. Uh, 08:11 primarily for the same reasons Bitcoin 08:13 has been over the last number of years, 08:15 which is the federal government is 08:16 printing a huge amount of money out of 08:18 thin air and that devalues, you know, 08:20 everything that's, you know, US dollar 08:22 based. And so people try to find 08:24 something other than stocks and bonds 08:26 and real estate to invest in. And a lot 08:28 of that wealth is now uh going into 08:30 gold. And typically once it goes into 08:32 gold, Bitcoin follows on a time delay. 08:35 So um typically the people who freak out 08:38 first are the people who have been 08:40 around the longest. And those are people 08:41 who tend to have bought a bunch of gold 08:43 before Bitcoin even existed and they 08:45 tend to buy more gold. Um, and it takes 08:47 a little while till the, you know, the 08:49 people who are storing wealth in 08:51 Bitcoin, uh, catch up. And I think 08:53 that's only, you know, that's right 08:54 around the corner. Um, so anyway, um, so 08:58 the bottom line is what problem do you 09:00 have? Any US dollars you own are 09:03 melting. How does Bitcoin solve that? 09:05 Bitcoin has a fixed supply of 21 09:07 million, which means nobody can take 09:08 away your purchasing power. It doesn't 09:10 lose value over time. And as Bitcoin as 09:13 value uh as Bitcoin drains value from 09:16 other assets throughout the economy and 09:18 throughout the stock market, ultimately 09:20 it will be worth uh way more uh in you 09:24 know radically more than it is today. Um 09:26 but it will also grow significantly 09:28 faster in my opinion than any other 09:30 major asset class. So, Bitcoin can can 09:33 help preserve the purchasing power of 09:35 your of your hard-earned time and labor 09:39 and it can do that right now for you 09:41 right now. So, if your question is what 09:43 does Bitcoin do for me? Like, how does 09:45 it help me right now? The answer is it 09:47 can preserve the purchasing power of any 09:50 time and energy you have expended in the 09:52 past that is currently represented in US 09:54 dollars. It can preserve and expand that 09:57 purchasing power better than any other 09:59 asset. And that is an extremely valuable 10:02 thing for an asset to be able to do. Uh 10:04 because that's what you want money to 10:05 do. What you want money to do is 10:07 preserve your purchasing power over time 10:10 so it is not deflated away uh or 10:13 inflated away by uh deflated in 10:15 purchasing power and inflated in you 10:18 know monetary units by the uh central 10:21 government uh which is the federal 10:23 reserve which is the primary party 10:25 responsible for that. Um although 10:27 inflation is caused by you know There's 10:29 a lot of things that factor into it, 10:31 including, you know, government 10:32 borrowing and everything, but ultimately 10:34 it goes back to the Federal Reserve that 10:36 is the one printing the money out of 10:37 thin air. So, Bitcoin can do that for 10:39 you right now. That is valuable for 10:41 literally 100% of people who have any 10:44 money or 100% of people who have a job 10:47 that results in them getting paid in US 10:49 dollars. So, Bitcoin can benefit all of 10:52 those people right now by giving them a 10:54 way of storing their value that nobody 10:57 can take away. And uh that's the answer. 10:59 What can Bitcoin do for you right now? 11:01 It can preserve the purchasing power of 11:03 your time and your energy which is 11:05 currently if it is represented currently 11:07 in something other than Bitcoin. Bitcoin 11:09 can preserve that purchasing power uh 11:11 over time better than anything else. And 11:14 it is volatile. It goes up and down on 11:16 its way up. But you'll notice I said up 11:18 twice and down once. So in the end, 11:20 Bitcoin always eventually ends up 11:22 higher. um which is not the case 11:25 necessarily for other assets which you 11:27 know can march toward zero. For example, 11:29 Ethereum which is something nobody 11:31 should be invested in in my opinion. Um 11:34 and I've been saying that for years and 11:35 years now has it's marching toward zero. 11:38 So uh I don't think any other 11:40 cryptocurrency any other crypto asset 11:42 you can confidently know will always 11:44 eventually be higher. Um, Bitcoin is the 11:48 one asset um, in all of cryptocurrency, 11:50 in all of everything crypto that I think 11:53 will always eventually be higher and 11:55 everything else will trend toward zero 11:57 against Bitcoin. And that includes 11:58 stocks, bonds, real estate, and every 12:00 other crypto asset, which is why I have 12:03 100% of my liquid assets stored in 12:07 Bitcoin instead of any of those other 12:09 assets. So, um, that's the video to kick 12:12 off your day. Have a great day, 12:13 everyone. Thanks.