What do you invest in if you have to have something that goes up faster than Bitcoin

00:02 hey everyone what do you invest in if 00:04 you have to have economic upsides that 00:06 are better than Bitcoin the answer is 00:09 none of your options are good but 00:10 because people seem absolutely obsessed 00:12 with trying to find something that's 00:14 better than Bitcoin I wanted to explore 00:16 the psychology of why people do that so 00:19 first of all the there's always the 00:22 psychology of people are late to bitcoin 00:24 people have thought they were late to 00:25 bitcoin when it was $1 when it was one 00:27 penny 10 you know let's start from the 00:29 beginning ever since it was worth a 00:31 penny people thought they were late to 00:32 bitcoin it's already worth a penny a 00:34 coin how could it you know I already 00:35 missed out I should have been mining 00:37 Bitcoin back when it was worth less than 00:38 a penny blah blah blah okay so they said 00:40 that a penny at 10 cents at a dollar at 00:42 $10 at $100 at $1,000 at $110,000 at 00:46 $100,000 everybody always feels like 00:48 they missed out and because everybody 00:50 always feels like they missed out 00:51 they're always looking for something 00:54 else it's like they can't come to grips 00:56 with the fact that they're still early 00:58 in Bitcoin I mean it's crazy like 01:00 everybody that was early in Bitcoin was 01:02 trying to find things to diversify into 01:04 and just lost money like just 01:06 categorically but that's still the case 01:08 so people still reach out to me and I'm 01:10 like why are you just not invested in 01:12 Bitcoin they're like well I don't have 01:13 enough money to invest in Bitcoin I'm 01:15 like you don't have to buy a whole 01:17 Bitcoin you can buy like a dollar 01:18 they're like yeah but the amount of 01:20 money I have to invest uh is not enough 01:22 to I can only buy a sliver of a Bitcoin 01:24 I was like okay but if a bitcoin's worth 01:27 a million dollar or $10 million then 01:29 even if all you can Avo for for a Ford 01:31 is a tenth of a Bitcoin or a 20th of a 01:34 Bitcoin why is that not good you can 01:37 make 10 10x or 100 times your money but 01:40 people just get absolutely obsessed with 01:41 trying to find something that grows 01:43 faster than Bitcoin So my answer is 01:45 there is not a good option if somebody 01:47 took away all of the Bitcoin options if 01:50 they said Joel you cannot invest in 01:52 Bitcoin you can't invest in the Bitcoin 01:54 ETFs you know directly or indirectly you 01:57 can't do any of those things you have to 01:60 find something to invest in that could 02:02 potentially go up faster than Bitcoin 02:05 even if it's higher risk and you know 02:08 you're just not allowed to do direct 02:10 Bitcoin uh investment I would probably 02:13 invest in micro strategy mstr now I've 02:16 done a variety of videos on why I do not 02:18 recommend people invest in micro 02:20 strategy but if you took away all of the 02:22 other options that's probably all I mean 02:25 and literally that was all that was left 02:27 then yes you there is a chance that 02:29 micro strategy goes up faster than 02:31 Bitcoin now it also goes down faster 02:33 than Bitcoin but for these people that 02:34 are investing in xrp and salana and 02:37 whatever else and they're just 02:39 absolutely completely attached to the 02:42 fact that they have to find some way of 02:45 turning a $1,000 into a million dollars 02:48 first of all I don't even think that's 02:49 possible like I'm sorry like if if if 02:53 your financial situation requires you to 02:55 make 1,000 extra money then I like tough 02:59 you know you might just need to earn 03:01 some money the oldfashioned way and 03:03 invest that in Bitcoin but if somebody 03:05 comes to me and says Joel all I've got 03:07 is $1,000 doll I have to be a 03:09 millionaire I would say your options all 03:11 suck your options all are insanely high 03:13 risk you know Bitcoin could you know 03:16 easily turn $1,000 into 10,000 it might 03:19 turn it if you know if you believe micro 03:21 strategy or if you believe Michael 03:22 sailor's uh $13 million price prediction 03:25 it could potentially turn $1,000 into 03:28 you know $138 times that much from 03:31 $1,000 to 03:33 $138,000 maybe um I mean that's 03:36 certainly way more likely that that 03:38 Bitcoin goes up 140x than that some meme 03:42 coin or token or xrp or salana does that 03:45 for you like I don't think any of those 03:47 are going to do that for you either and 03:48 they all come with insane risk of going 03:51 to zero um so it just makes no sense to 03:53 invest in anything other than Bitcoin 03:55 but if you have to have something with 03:57 more upside than Bitcoin micro strategy 03:59 is an option m Str uh it's led by 04:01 Michael sailor and their goal is to 04:03 create a highly highly leveraged Bitcoin 04:08 company meaning they are borrowing vast 04:11 quantities of money to buy Bitcoin now 04:13 that is a risky strategy because you can 04:16 end up upside down or you can end up 04:18 with the uh you know the bitcoin's all 04:19 locked up and there's no way to get 04:21 access to it because of you know you've 04:23 borrowed all this money to get it and 04:24 stuff like that so I do not recommend it 04:26 because the amount of upside on micro 04:29 strategy as compared to the risk in my 04:31 opinion makes zero sense for average 04:33 people but again if somebody comes to me 04:35 and says you know my alternatives are 04:38 xrp salana or micro strategy I would say 04:41 well at least invest in micro strategy 04:43 because micro strategy which is the 04:45 ticker symbol mstr mstr at least is B 04:49 based on bitcoin so at least the 04:51 underlying asset that they've banked the 04:53 entire company on is the real actual 04:56 asset that's going to win in the 04:57 marketplace now they're highly leveraged 04:60 approach of borrowing money and buying 05:02 Bitcoin with it that is not something I 05:04 think is investment worthy for the 05:06 average person but again if you took 05:07 away all of my other options and you 05:09 forced me into a much higher risk you 05:12 know sort of much higher risk reward 05:14 Paradigm I would say well the upside is 05:16 higher than Bitcoin the risk is you know 05:18 10x or 100x Bitcoin the upside is you 05:22 know I don't know I don't know what it 05:24 would even be I don't know double I 05:26 don't know but it makes zero sense to 05:28 take a you know 10 times the risk to try 05:30 to get double the returns um but as 05:33 compared to xrp or salana or anything 05:36 else like that it's way better to be 05:38 invested in micro strategy than 05:39 something that's you know trash and 05:41 going to zero micro strategy at least is 05:44 based on a strong 05:45 Foundation if again if their business 05:48 model pays off which is unknown and I've 05:50 done again I've done a variety of videos 05:52 where I've talked about why I do not 05:54 recommend people invest in micro 05:55 strategy but again if you absolutely 05:58 positively refuse to invest in Bitcoin 06:00 because you think you need something 06:02 that goes up faster than Bitcoin well my 06:04 Heavens at least invest in micro 06:06 strategy and not some trash like um you 06:09 know salana or xrp or whatever that uh 06:12 you know is likely is way more likely to 06:15 go to zero than it is to outperform 06:16 bitcoin at least micro strategy is not 06:18 going to zero because it's based on 06:19 bitcoin it might underperform Bitcoin 06:22 and it might be a bad investment but at 06:24 least you know at least just based on 06:26 bitcoin which is something that's going 06:28 to win in the end rather than a strategy 06:30 based on uh salana which I think will 06:33 probably be outc competed by something 06:34 else or a strategy that's based on uh 06:38 xrp which I don't even know how to 06:40 articulate what value proposition xrp 06:42 has probably none but if it's something 06:46 that's not none it's not sustainable in 06:48 my opinion uh so anyway those are my 06:51 thoughts if you took all of that away if 06:53 you said no Bitcoin no micro strategy 06:55 you know you can't you can't do anything 06:57 that's Bitcoin or even remotely related 06:59 to bitcoin 07:00 I would say okay probably Tesla I think 07:03 Tesla there's an incredible economic 07:05 upside in Tesla I don't think it's any I 07:07 don't think it's any better than Bitcoin 07:09 but again if you take away Bitcoin uh I 07:11 think Tesla does have a lot of upside I 07:13 don't think I think the the risk of of 07:15 Tesla is much more than Bitcoin and I 07:17 think the reward of Tesla is no better 07:19 than Bitcoin um and probably half of 07:22 Bitcoin um but again if I couldn't 07:24 invest in test or in Bitcoin and I 07:26 couldn't invest in micro strategy I 07:28 would not be investing in in salana or 07:30 xrp or anything like that I would be 07:33 investing in something else entirely 07:36 like the future of AI or self-driving or 07:39 you know the moving to Electric versions 07:41 of everything basically the stuff that 07:43 Elon Musk is doing that stuff makes way 07:45 more sense than the crypto trash that is 07:49 trying to follow on uh the foot you know 07:52 the the heels of Bitcoin uh so hope all 07:55 that helps as always and I'm here for 07:57 everyone for anything you need thanks