How Much Bitcoin Should You Really Own?

00:01 You should calculate how much of your 00:02 total assets or net worth is in Bitcoin 00:05 right now. Like literally, you should go 00:08 go do that right now. It's probably a 00:10 smaller percentage than you think. A 00:12 major mistake people make when 00:13 allocating to Bitcoin is they don't look 00:16 at it as a percentage of their total 00:17 assets, which you should. And so they 00:19 might buy $200 or $500 or $1,000 of 00:22 Bitcoin, and then they sort of keep an 00:23 eye on it and watch it. And for them, 00:25 they feel like, well, hey, I got $1,000 00:27 of Bitcoin. But in the context of well 00:30 if you've got $80,000 in an old 401k and 00:32 you got $40,000 in an you know IRA or 00:36 529 plans for your kids or you know you 00:39 got another 60,000 equity in your house 00:41 and all this sort of stuff. You add up 00:43 all your assets and suddenly $1,000 ends 00:45 up being like less than 1% of your 00:47 assets or or your net worth. And so 00:50 suddenly what felt like a lot of Bitcoin 00:52 really is not enough to even matter. 00:54 $1,000 goes up 10x and your total assets 00:57 are $100,000. Your your assets only went 01:00 up 10%. Because you gained $10,000, your 01:04 $1,000 of Bitcoin turned into 10,000 and 01:06 you gained $10,000 of net worth on top 01:09 of $100,000. So now you have 10% more. 01:12 You have $110,000. That's not going to 01:14 change your life. So please do me a 01:17 favor. pull out a calculator, a piece of 01:19 paper, your iPhone, whatever, and start 01:21 calculating what are your total assets 01:24 or what is your total net worth, meaning 01:26 your assets minus your liabilities. And 01:29 then calculate how much Bitcoin do you 01:31 own, and then divide the number of 01:32 Bitcoin by the total amount. So if your 01:35 total assets are $100,000, $1,000 of 01:38 Bitcoin, and $99,000 of everything else, 01:41 then your total assets are $100,000. 01:43 It's the Bitcoin plus everything else is 01:45 your total and the Bitcoin is $1,000. So 01:47 it's $1,000 divided by $100,000 is 1%. 01:51 So please do that because that percent 01:53 is probably way lower than you think. 01:55 Meaning you are much less exposed to the 01:58 upside of Bitcoin than you probably 01:60 originally thought. And if you run that 02:02 math, you may think, "Wow, I really 02:05 ought to have like 10% or 20% or 30% or 02:08 like me 100% of my net worth in 02:10 Bitcoin." And then you run the math and 02:12 you're like, "Well, dang, I'm I'm at 02:14 like 3%." So 3%, I'm sorry to say, is 02:17 not going to change your life and it's 02:19 not going to make you rich. Now, 3% can 02:21 turn into 30% uh if it 10x's over the 02:24 next less than 10 years, and your 02:26 $100,000 net worth or whatever it is 02:28 will turn into 130. That's still not 02:30 going to radically change your life. 02:31 3%'s not going to change your life. Uh, 02:33 as I posted earlier today, if you want 02:35 to double your net worth, you need a 02:37 minimum of 11% of your net worth in 02:40 Bitcoin. If you want to triple your net 02:42 worth, you need a minimum of 22% in 02:44 Bitcoin. If you want to quadruple your 02:46 net worth, you need a minimum of 33% of 02:49 your net worth in Bitcoin. So, please 02:50 run that math right now. You're probably 02:53 much less exposed in a good way to the 02:56 upside of Bitcoin than you think. 02:57 Meaning, the amount of Bitcoin you 02:59 actually currently own is probably a lot 03:01 less as a percentage of your assets than 03:03 you think it is. If that is the case, 03:05 which I'm sure it likely is for 03:06 virtually everyone watching this, then I 03:09 would say buy more Bitcoin. Maybe you 03:10 buy more Bitcoin in uh an old 401k on 03:14 with a Fidelity crypto account. Maybe 03:16 you buy more on River or Coinbase. Uh 03:19 maybe you buy more in a Roth IRA using 03:22 the a Fidelity Crypto IRA or a Fidelity 03:25 Crypto Roth IRA or a Fidelity Crypto 03:27 Rollover IRA if you're rolling over an 03:30 old 401k plan. that retirement assets 03:32 are the easiest ones to get your 03:34 percentage up because most people have 03:36 most of their assets not just sitting in 03:38 cash in a bank that they can link to 03:40 River or Coinbase. But please run that 03:42 math, run that calculation, and if it's 03:45 a lot lower than you thought it was, do 03:47 yourself a favor and fix that until you 03:49 have a percent allocation you feel good 03:51 about for the long haul.