Making 10X on Your Money Has Never Been This Low Risk

00:01 Hey everyone, making 10 times your money 00:05 I don't think has ever been as low risk 00:07 as it is right now with Bitcoin. Let me 00:10 tell you what I what I mean. So way back 00:12 I used to read a bunch of books about 00:14 investing, I don't know, 10 20 years 00:15 ago. And one book I read was someone was 00:18 talking about, you know, the fastest way 00:20 to make a million dollars is to have 00:22 $10,000 and find uh 10 two things that 00:26 go up 10x. And I thought, well, that's 00:29 ridiculous. Of course, 10 x 10 * 10 10 00:32 turns $10,000 into a million dollar, but 00:35 that's the whole point. It's really hard 00:37 to find things that can go up 10x in 00:40 value that don't have ridiculous risk. 00:42 And so, um, in all the time I've spent 00:44 investing and researching investing, 00:47 almost never do you come up with come 00:48 across an asset that has 10x potential 00:52 that is not paired with extremely high 00:54 risk. And so that's the reason I don't 00:57 invest in very many things is because 00:59 usually, you know, you're you have to 01:01 take a lot more risk than it's worth in 01:03 order to get the upside. And therefore, 01:05 it just makes more sense to invest in 01:07 the S&P 500, which is an index of the uh 01:10 top uh 500 US companies. And that way, 01:13 it doesn't matter who wins because you 01:15 own a piece of all of them. Uh but of 01:17 course, you know, in that world, you're 01:18 going to maybe double or triple your 01:20 money over 10 years. you're not going to 01:22 10x your money cuz that would take, you 01:23 know, many decades. Okay, so here here's 01:27 the thing about Bitcoin. What people 01:30 misunderstand Bitcoin in two ways. One, 01:32 they think the upside is already gone. 01:34 You know, they're like 100,000 of 01:36 Bitcoin. How much higher can it go? 01:38 Well, Bitcoin's only worth $2 trillion 01:40 and gold is worth $18 trillion. Nine 01:43 times as much. So, if you're trying to 01:46 make 10 times your money with Bitcoin, 01:48 you can get to nine times your money 01:51 just by Bitcoin getting to the same 01:52 price as gold, which is not, you know, 01:55 and Bitcoin is like way superior to gold 01:57 in numerous ways. So, a lot of people 01:60 look at the price of Bitcoin and they 02:01 say, "Okay, $100,000 a coin, that's 02:04 that's really high. How much higher can 02:05 it go?" And the answer is as a monetary 02:08 asset, a global monetary asset, it's 02:11 just getting started. the US dollar, the 02:14 yen, the wand, the uh the euro, um all 02:17 of those things are radically larger in 02:20 value than $2 trillion. And gold, the 02:23 most valuable, you know, single 02:25 standalone asset in the world, is 02:27 radically more valuable than Bitcoin at 02:30 18 trillion as compared to Bitcoin's 2 02:32 trillion. So again, Bitcoin can go up a 02:34 factor of 900% 02:37 9x before it even gets par with gold. 02:41 And uh, of course, you're not looking 02:43 for we're not looking for parody. We're 02:45 looking at that's just the baseline 02:46 before everybody agrees that Bitcoin's 02:48 better than gold. At that point, we try 02:50 to figure out how much better than gold 02:52 it is. And that's why you get way north 02:54 of a return of 9x. Um, you know, if it's 02:57 twice as good as gold, you get 18x. If 02:60 it's three times as good as gold, you 03:01 get, you know, uh, 27x or, uh, you know, 03:05 etc. 9x times, you know, either 2, 3, 4, 03:08 you know, pick your number. Um, it just 03:10 keeps going. Um, so, so people vastly 03:14 underestimate how big Bitcoin could get 03:17 because people just have no concept of 03:20 how much bigger monetary assets like 03:23 gold are as compared to companies like 03:26 Amazon or Apple or Google. Uh, 03:28 companies, the biggest companies of the 03:30 world are worth, you know, between two 03:32 and three half trillion dollars and 03:34 there's only a few of them that are that 03:35 big. Companies like Apple and Microsoft 03:37 and etc. Um, but monetary assets are 03:40 substantially larger than that. 03:42 Especially when you measure things like 03:44 M2 money supply and things that measure 03:46 sort of the total amount of of the 03:48 asset. It's just vastly you're dealing 03:51 with uh, you know, M2 money supply of 03:53 the world I think is $93 trillion. It's 03:56 just like a radically larger number than 03:59 $2 trillion, which is where Bitcoin is. 04:01 So people misunderstand how Bitcoin how 04:03 big it could get because they compare it 04:05 to things like companies which are US, 04:08 you know, they're US-based, they're only 04:09 listed on US stock markets, and they do 04:12 one thing instead of comparing it to 04:14 monetary assets like gold and realize 04:16 that wow, you're just dealing with a 04:18 completely completely different asset. 04:20 Um, also people radically overestimate 04:23 the danger and the risk of Bitcoin. Most 04:26 people don't realize that Bitcoin has 04:28 been around 16 years, one six. It's not, 04:31 you know, Bitcoin's passed its sweet 16 04:33 birthday. I mean, we're talking here, 04:35 Bitcoin's been around a long time. It 04:38 has been officially approved by the 04:39 Security and Exchange Commission. It is 04:41 being sold to the customers of BlackRock 04:43 and Fidelity and all of the biggest 04:45 money managers in the world. It is being 04:48 amassed by sovereign nations. it is. I 04:51 mean, we're just we're way past the 04:53 point that Bitcoin was this risky new 04:56 asset and we just didn't know what it 04:58 was going to do or how it was going to 04:59 work. And most people, the reason most 05:02 people think it's in that sort of uh 05:05 they're in that sort of uh mental frame 05:08 is because they measure Bitcoin based on 05:11 when they heard about it. And so if they 05:14 only really became aware of Bitcoin in 05:16 the last two or three years, they feel 05:18 like it's 2 or 3 years old. It's not 2 05:19 or 3 years old. It's 16 years old. It's 05:22 been around a long time. It's been 05:23 running flawlessly for a long time. Um 05:26 but also um you know people just don't 05:29 uh they also assume it's mature because 05:32 they assume the adoption is the is 05:34 equivalent to how many people have heard 05:35 of Bitcoin. So the average person says 05:37 well Bitcoin you know most of the upside 05:40 must already be gone because everybody's 05:42 heard of Bitcoin. But that doesn't 05:44 matter. The question is how many people 05:46 have actually bought Bitcoin? not how 05:48 many people have heard of Bitcoin, but 05:49 how many people have actually bought 05:50 Bitcoin and that is still a very small 05:52 percent of the total uh people in the 05:54 world and even the total people in the 05:56 United States. But switching back to 05:58 risk. So what are the risks with 05:60 Bitcoin? Well, the you know, humans need 06:02 money. So there's not a risk that we're 06:04 just not going to use money as a 06:06 technology. So you don't have to worry 06:07 about the concept of money going away 06:10 entirely. Um uh the money that humans 06:14 can make more of, they will continue to 06:16 do that. So if you think that humans are 06:18 suddenly going to become extremely 06:20 responsible and stop printing insane 06:22 amounts of money out of thin air, that's 06:24 never going to happen. Humans will 06:26 always be sinful. And if you put 06:28 somebody in charge of the money supply, 06:30 they are absolutely positively going to 06:32 print too much of money. 100% of the 06:34 time throughout the entirety of the 06:36 entire human history. If humans have 06:38 controlled how much money there is, they 06:40 print too much of it and it debases the 06:42 money and it dilutes in uh uh uh the 06:44 existing money supply. So you don't have 06:47 to worry that humans are suddenly going 06:49 to become super responsible and 06:51 therefore the existing money is going to 06:52 work great because humans are going to 06:54 stop making more of it. That's not going 06:56 to happen. You also don't have to worry 06:58 about, you know, everybody's just going 06:59 to go back to the gold standard. Gold 07:01 does not work in the digital age. You 07:03 cannot send gold over a wire. Um you 07:07 cannot transmit gold to the other side 07:09 of the world to settle international uh 07:11 business transactions. Gold does not 07:14 move at the speed of light. Gold uh the 07:16 transactions and the settlement time of 07:18 gold are incompatible with the modern 07:21 economy which is why the modern economy 07:23 left gold behind the settlement times 07:25 and everything. So gold is not going to 07:27 outco compete Bitcoin. The fiat 07:29 currencies, meaning madeup currencies uh 07:32 invented by governments like the US 07:33 dollar, are not going to out compete 07:35 Bitcoin. If there's a bug in Bitcoin, 07:38 it'll get fixed. Just like if there's a 07:40 bug in the internet, it'll get fixed. Um 07:42 and people are already trusting the 07:44 Bitcoin network with $2 trillion of 07:47 value. Bitcoin is the sixth most 07:50 valuable asset in the entire world. Gold 07:52 is number one at 18 trillion. There are 07:55 five USlisted uh publicly traded US 07:58 companies. Apple, Amazon, um uh 08:02 Microsoft, 08:03 Google, Facebook. Actually, I think 08:06 Bitcoin is bigger than Facebook. Anyway, 08:07 it's of the Magnificent Seven. Five of 08:10 the Magnificent Seven are ahead of 08:12 Bitcoin. And so, Bitcoin is after gold, 08:15 five US publicly traded uh companies, 08:17 and then Bitcoin. So, Bitcoin is the 08:20 sixth most or the seventh I guess 08:22 seventh most valuable asset in the world 08:24 after gold and then five publicly listed 08:26 uh companies. Uh those are the top six 08:29 and Bitcoin is number seven of the most 08:30 valuable assets in the entire world. So, 08:33 you don't have to worry that gold's 08:34 going to out compete Bitcoin. You don't 08:36 have to worry that fiat currencies are 08:38 going to suddenly become responsibly 08:40 managed by fallible sinful humans. You 08:43 don't have to worry about the technology 08:45 of Bitcoin because it's been hammered on 08:47 a gazillion times by a gazillion people 08:49 for 16 years. You don't have to worry 08:52 that the government's going to take it 08:53 away or ban it or make it go away 08:55 because they've officially approved um 08:58 Bitcoin exchange traded funds. It's 08:60 officially recognized as a commodity. um 09:03 including Donald Trump has said he plans 09:05 to make a strategic Bitcoin reserve in 09:08 the United States where the United 09:10 States itself, the government of the 09:12 United States would hold Bitcoin as a 09:14 strategic reserve asset. So they're 09:17 planning to do that. So all of the 09:19 things that might make you nervous about 09:21 Bitcoin, those are all risks that are in 09:24 the past. So, um, there's just an epic 09:28 disparity 09:29 between how how clear a path there is to 09:33 10 times the value of Bitcoin as 09:36 compared to how low the risk is to 09:38 getting to 10 times the current value of 09:41 Bitcoin. And virtually everybody in the 09:44 Bitcoin world would tell you it is 09:45 extremely rare that you get an asset 09:48 that has this level of disparity between 09:52 the risk and the reward. Give me one 09:54 second. 09:57 Okay. So, typically what happens is 09:59 anytime you have a big upside in an 10:03 asset, it comes with a lot of risk. So, 10:05 if somebody took Bitcoin away from me 10:07 and said, "Joel, you have to try to 10x 10:09 your money somehow and you can't use 10:12 Bitcoin." Then I would say, "Well, I'm 10:14 really stuck. Like, I don't like any of 10:17 my other options." But if they forced me 10:20 to pick an option, I would say, well, 10:22 the next best option is probably Tesla. 10:25 Um, because Tesla, I think, you know, 10:27 they've got full self-driving technology 10:29 now. And, you know, eventually 10:32 everybody's going to be using 10:33 self-driving cars. So, if I had to try 10:35 to 10x my money with something other 10:38 than Bitcoin right now, uh, the easiest 10:41 way is Bitcoin. And I think the 10:42 riskreward uh I told somebody recently 10:44 that I thought Bitcoin has twice the 10:48 twice the upside of Tesla and half and 10:50 half the risk. So it's a it's a four 10:53 times better investment because I think 10:55 the upside of Bitcoin is twice whatever 10:58 the upside of Tesla is. And the risk of 11:01 Bitcoin is less than half of whatever 11:03 the risk of Tesla is. So, in the case of 11:05 Tesla, you've got other competitors, 11:08 which are not a problem as it relates to 11:09 Bitcoin for reasons I've covered on 11:11 other videos. Uh, you've got what 11:13 happens if Elon Musk gets hit by a bus? 11:15 What happens if there's some sort of, 11:17 you know, epic problem with Teslas and 11:19 they crash and the government bans 11:21 self-driving technology, which I don't 11:23 think is going to happen, but it's, you 11:25 know, there's there's all these risks 11:27 that you have to deal with with a 11:28 company that you don't have to deal with 11:31 with a money. And so monies, in the case 11:34 of Bitcoin, especially once they've been 11:36 around this long and are so dominant in 11:38 what they do, monies have way fewer 11:40 risks than companies because companies 11:43 have operating risks, they have 11:45 execution risks, they've got legal risk, 11:48 you know, regulatory risk. There's just 11:50 way more risks to a company than there 11:52 is to a money, especially a money like 11:54 Bitcoin. And it is very rare in human 11:57 history that you have the opportunity to 11:60 catch a wave of monetary adoption where 12:04 a old money is being replaced by a new 12:07 money. It's only about every couple 12:09 hundred years if you look over time 12:10 about every 200 years you know the the 12:13 Dutch currency is replaced by the 12:15 Spanish currency and then the Spanish 12:17 currency is replaced by the French 12:18 currency and the French currency is 12:20 replaced by the you know uh British 12:22 currency and then the British currency 12:24 the British pound sterling ends up being 12:26 replaced as the world currency by the US 12:28 dollar. those sorts of transitions. And 12:30 I know I did not get the order exactly 12:32 right and I think I included a bonus 12:34 country in there that was not the you 12:35 know world reserve currency but 12:37 regardless uh world reserve currencies 12:40 only happen only make that trans 12:43 transition about once every 200 years. 12:45 So you are lucky in that we are going 12:47 through one of those transitions right 12:49 now with Bitcoin and you have the option 12:52 to make 10 times your money which is 12:54 obviously not guaranteed. I just think 12:56 the the likelihood of making 10 times 12:58 your money as compared to the risk that 13:00 you invest in Bitcoin and you don't is 13:03 just better than it's ever been in human 13:04 history both for Bitcoin as well as uh 13:08 you know the probability that it'll work 13:09 out and with the lowest possible risk on 13:12 the downside. So all that to say I think 13:15 Bitcoin has an easy 10x increase from 13:18 its current price in it. Now beyond 13:20 that, once it, you know, surpasses the 13:22 value of gold, then it gets a lot more 13:24 uh hard to tell. Like, is it twice as 13:26 good as gold? Does it, you know, do you 13:28 make 18 times your money? Is it three 13:30 times as good as gold? Do you make 27 13:32 times your money? Is it four times as 13:34 good as gold and you make 36 times your 13:36 money? Again, it gets a lot harder to 13:38 predict past nine times or 10 times 13:41 because at that point, Bitcoin is more 13:43 valuable than the current price of all 13:44 the gold in the world. I should say all 13:46 of the Bitcoin in the world is at that 13:48 point more valuable than all of the gold 13:50 in the world. And gold is the largest 13:53 monetary asset in the world as a 13:55 standalone. Now um again fiat currencies 13:57 when you look at like M2 money supply 13:59 are much larger. I think it's like 93 14:01 trillion. Uh but gold as a single asset 14:03 a single commodity asset is at 18 14:05 trillion. uh which is the closest 14:07 correlary to a a non-s sovereign money, 14:10 meaning a money that is not controlled 14:12 by government and couldn't could be used 14:14 by anyone anywhere in the world. Um so I 14:17 think I think Bitcoin's got the lowest 14:19 possible risk to make 10 times your 14:21 money of any asset anywhere in the world 14:23 right now. And if I had to pick a 14:26 second, maybe it's Tesla, but even if 14:28 it's Tesla, I would say your odds with 14:30 Bitcoin are, you know, the upside is 14:33 more than double. uh you know the upside 14:36 of Tesla and the risk of Bitcoin is less 14:39 than half. So more than double and less 14:41 than half uh results in Bitcoin being at 14:44 least in my opinion a 4x better 14:47 investment than Tesla and maybe it's a 14:49 you know 8x 12x 16x. It's just off the 14:52 top of my head easy numbers were double 14:54 in half. Um so anyway have a great 14:57 afternoon everyone. I think Bitcoin is a 14:58 fantastic investment even sitting at 15:00 prices uh just above $100,000 per coin 15:03 because I think it's nearly inevitable 15:05 we end up going to more than a million 15:07 dollars a coin. Have a great day 15:08 everyone.