00:02 hey everyone I spent 1.1 Bitcoin on a
00:05 2023 Toyota Corolla I wanted to tell you
00:08 the quick story and what I would do
00:09 differently so short take is it was
00:11 spring of 2023 one of my kids has just
00:14 turned 16 we needed another family
00:16 vehicle to help us get around and uh so
00:19 I got on consumer reports and actually
00:22 first we spent quite a bit of time
00:23 trying to find a used vehicle but um the
00:26 government has printed so much money it
00:28 has driven the price of everything to
00:29 insanity when I was a teenager you could
00:32 buy a good used vehicle for a few
00:33 thousand dollars and basically if you
00:35 saved up across one or two summers you
00:37 could buy yourself a used vehicle that’s
00:39 not the case anymore they’re way more
00:41 expensive extremely high mileage and
00:43 ultimately we came to the conclusion
00:44 that it just wasn’t worth it um so I
00:47 would generally never recommend anybody
00:48 buy a new car but in our case I did not
00:51 want to put one of my kids in the kind
00:53 of cars that were available back in
00:54 Spring of 2023 um it just wasn’t worth
00:57 it like they were super high mileage and
00:58 I just I wasn’t going to do it so uh
01:00 ended up buying a uh to 2023 Toyota
01:03 Corolla hybrid so it gets like insane
01:06 like 50 plus miles to the gallon and all
01:08 that sort of stuff but I needed to buy
01:10 it somehow obviously because you have to
01:13 pay for stuff before you drive it off
01:14 the lot um so anyway obviously since I’m
01:17 like you know insanely Bitcoin exposed I
01:20 did not have $31,000 of US dollars
01:22 laying around and so I did what I always
01:25 do I sold some Bitcoin to buy what I
01:26 need for myself and my family and it
01:29 cost about 1.1 bit Bitcoin to do that so
01:31 in the process of that obviously so the
01:33 Bitcoin at the time I want to walk you
01:35 through my thought process my thought
01:36 process was I have zero debt I want to
01:39 continue to have zero debt the best way
01:41 to have zero debt is to not have is to
01:44 not be in debt it’s literally that
01:45 simple if you don’t want to be in debt
01:47 just don’t don’t borrow money um so uh
01:50 the only good source I had was to
01:52 liquidate 1.1 uh Bitcoin which would now
01:55 be worth
01:56 $18,000 and to buy the vehicle which is
01:59 what I did um
02:01 now the there’s a couple ways to think
02:02 about this on one hand I had been
02:05 accumulating as much Bitcoin as I could
02:07 under
02:08 $20,000 so on one hand the the vehicle
02:10 cost in today’s terms of Bitcoin
02:13 $108,000 but I was thinking about it as
02:15 really this is a $31,000 vehicle that
02:18 I’m buying with Bitcoin that I only paid
02:20 $15,000 uh for or actually probably 17
02:23 let’s call it 17 or 18,000 so I’m
02:25 thinking hey I bought Bitcoin for 17 or
02:28 18,000 that I am now spending you know 6
02:30 months a year later for uh double that
02:33 or almost double that so I’m basically
02:36 buying a $331,000 brand new Toyota
02:38 Corolla 2023 hybrid uh I’m buying it for
02:42 what cost me between 17 and $188,000 but
02:46 uh it costs the rest of the world
02:48 $31,000 but it’s priced in my world at
02:51 Bitcoin of 1.1 Bitcoin so um uh the
02:54 reason I did it of course is because I
02:56 didn’t want to finance the car now in
02:58 retrospect I would have financed the car
02:60 the reason I didn’t want to finance it
03:01 at the time is people don’t appreciate
03:03 18 months ago or in this case you know
03:06 even more than that it was you know 20
03:08 23 months ago I mean it was like you
03:10 know whatever March April something like
03:12 that of 2023 Bitcoin was way higher risk
03:15 than it is now this was before uh the
03:17 banks had blown up uh proving that
03:19 Bitcoin actually went up not down when
03:21 Banks Blow Up um so this was before that
03:24 it was before obviously the Bitcoin ETFs
03:26 were approved and Bitcoin got the
03:28 official uh stamp of approval from The
03:31 Regulators in the in the US government
03:33 and I just decided that the value for me
03:35 of staying 100% debt free was higher
03:38 than the value of 1.1 Bitcoin to me even
03:42 though obviously partying with 1.1
03:43 Bitcoin is you know that’s a lot of
03:45 Bitcoin that is a painful amount of
03:47 Bitcoin to part with but I decided for
03:49 my mental sanity and well-being that it
03:51 was worth it so that’s what I did now in
03:53 retrospect if I could do it again
03:54 knowing what I know now I obviously
03:56 would have financed the car and kept the
03:58 1.1 Bitcoin but that was not an option
04:00 at the time um because I didn’t want to
04:03 do that so I didn’t want to do that
04:05 therefore you know there was no way of
04:07 knowing with certainty how things would
04:10 play out over the last almost two years
04:12 and therefore there was no way of uh
04:14 making a more informed decision than the
04:15 information I had to work with and
04:17 that’s that well hey it’s a discount
04:19 compared to what I paid for the Bitcoin
04:21 even though I think the Bitcoin is going
04:22 to be worth way more uh because the car
04:24 was like $31,000 and I think the uh
04:26 price of Bitcoin at the time was like
04:28 29,000 but again I had bought quite
04:30 quite a bit of Bitcoin below 20,000 so
04:32 it was you know by that definition uh
04:34 significant discount so I am about to
04:36 face the same dilemma because coming up
04:38 here in the first half of
04:40 2025 I have another kid that will turn
04:43 16 and uh I have wanted a Tesla uh model
04:48 Y which is the Tesla crossover it looks
04:50 it looks like a sedan but technically
04:51 it’s a crossover even though you really
04:53 can’t tell the difference unless you’re
04:54 like a big Tesla fan so I’ve wanted a
04:56 Tesla forever for years and years and
04:58 years and finally I’m like I don’t have
05:00 a better I don’t want to buy another
05:02 conventional vehicle you know for one of
05:04 my kids to drive um and you know my kid
05:08 who’s turning 16 is one of my sons and
05:11 I’m a lot less worried about you know I
05:13 don’t want my daughter in driving an old
05:15 vehicle that might break down I’m a lot
05:18 less concerned if one of my sons is
05:19 driving a vehicle that might uh break
05:22 down so I am currently driving the
05:24 family’s uh 2020 uh 2010 uh Honda
05:28 Odyssey with 225 ,000 miles on it so the
05:31 car has 225,000 M on it and it’s 14 15
05:36 years old I guess it’s 15 years old now
05:38 uh because it was manufactured in 2009
05:40 so I am driving the family vehicle so my
05:42 plan is to let my son who is turning 16
05:45 uh one of my sons who’s turning 16 I’m
05:47 I’m planning to hand him the keys to
05:50 this uh 15-year-old Honda Odyssey and
05:54 let him drive that and I plan to buy a
05:57 uh 2025 Tesla Model y dual motor 7 seat
06:01 uh vehicle with uh the new uh Juniper
06:04 upgrade so Tesla uh is upgrading their
06:07 entire model Y Line it’s called Juniper
06:10 uh but anyway the the new model y
06:12 Juniper which is not just the 2025 so
06:14 Tesla’s uh 2025 they have a standard
06:17 2025 model but they also have a juniper
06:20 Edition that has not yet come out but
06:22 will come out before I actually need to
06:24 make the purchase so I’ll be buying like
06:26 not only the latest of the latest Tesla
06:28 models but the latest reair of the
06:30 latest refresh of the latest Tesla
06:32 models um now the model Y is not their
06:34 expensive line their expensive cards are
06:36 the model S and the model X and so I
06:38 would be buying a model Y which is a
06:40 comparatively cheap Tesla um but it’s a
06:43 Tesla that has all the stuff that I
06:45 would need including the extra Headroom
06:47 since I’m 6’4 in tall um so that’s my
06:50 plan so um given the fact that Bitcoin
06:53 is radically lower risk now than it was
06:56 back when I bought a 2023 Toyota Corolla
06:59 my plan is to finance the Tesla uh
07:02 financing is as long as you can you know
07:04 easily make the payments which again the
07:06 payments are basically you know
07:08 Irrelevant in the grand scheme for me um
07:10 but it’s an opportunity to go short the
07:12 US dollar and long Bitcoin what I mean
07:14 by that is it’s an opportunity to borrow
07:17 a currency that is losing value in order
07:20 to keep from parting with a currency
07:22 that is gaining value and it’s just uh
07:25 you know not something I was comfortable
07:27 doing in 2023 given the risk profile of
07:30 Bitcoin but it is something I am
07:32 comfortable with in
07:33 2025 given the given the fact that the
07:36 risk profile of Bitcoin in 20125 is
07:39 radically lower than it was in 2023 and
07:42 even in 2023 the risk profile of Bitcoin
07:44 was still very low it just wasn’t sort
07:47 of insanely low as it is now uh in the
07:49 grand scheme so anyway so that’s my plan
07:51 my plan is if I knew everything I know
07:54 now obviously I would have financed that
07:55 2023 Toyota Corolla back in early 2023
07:59 uh but you know the risk was a lot
08:01 higher back then and I just wanted to
08:03 stay debt free it was just more
08:04 important to me to remain debt free
08:06 therefore that car cost me 1.1 Bitcoin
08:09 um now it’s more important for me uh
08:12 given that you know Bitcoin is just a
08:14 lot lower risk now it is more important
08:16 to me that I have more Bitcoin and so so
08:19 my plan is you know sometime towards the
08:21 end of the first half some you know May
08:23 June time frame sometime in May or June
08:26 I plan to buy a Tesla Model y dual motor
08:29 7even seater uh crossover uh which looks
08:32 exactly just like a sedan it just looks
08:33 like a random Tesla that you see on the
08:35 road uh so that’s my plan to buy that to
08:38 finance it with the best possible terms
08:39 I can get to avoid parting with the
08:41 Bitcoin and to hopefully then make the
08:44 payments with Bitcoin that has radically
08:46 increased in price over however many
08:48 years they will let me Finance it uh as
08:50 long as I can get it at some reasonable
08:52 interest rate now if the interest rate
08:53 is crazy then I won’t do that because I
08:55 just refuse to pay crazy interest rates
08:57 um but Bitcoin is so valuable and so low
08:60 risk at this point that I am comfortable
09:02 making decisions like that that I was
09:04 not comfortable making in 2027 um or
09:07 sorry what I meant is uh 2023 is what I
09:09 meant um so anyway uh throughout the
09:11 history of Bitcoin people have been
09:12 making decisions just like this uh for
09:15 me in fact there is a uh there’s a
09:17 there’s a great video um of uh the guy
09:20 who does uh oh I forget the Netflix
09:22 series it’s like selling New York or
09:24 something like that it’s it’s on Netflix
09:25 but it’s basically a a realtor a slick
09:28 professional realtor guy that’s selling
09:30 New York real estate um anyway it’s a
09:32 it’s a Netflix series but anyway there’s
09:33 a video back from I think it was 2014 or
09:36 something like that somebody’s trying to
09:37 buy an apartment for 50,000 Bitcoin and
09:40 the the price of 50,000 Bitcoin at the
09:42 time was $13 million but the condo uh he
09:45 was trying to buy was $14 million so
09:48 they declined the Bitcoin because it was
09:49 a million dollars below their asking
09:51 price but of course $50,000 Bitcoin now
09:53 is worth like 5 billion so in retrospect
09:56 what the guy should have done is take
09:58 the 50,000 Bitcoin and S on it and you
10:01 know he would have made $5 billion and
10:03 he wouldn’t have to still be doing
10:04 Netflix shows but uh anyway so um if you
10:07 can easily in my case you know I won’t
10:11 speak for what anyone else ought to do
10:12 this is just me personally Bitcoin is
10:14 low enough risk high enough return that
10:17 I am now comfortable financing a vehicle
10:20 uh uh rather than parting with the
10:21 Bitcoin whereas back in 2023 I just
10:24 wasn’t comfortable doing that and I just
10:26 felt more comfortable being completely
10:27 debt free which is what I am right now
10:29 what I was back then what I am right now
10:32 and temporarily at least if I buy a
10:33 Tesla in uh in May or June I will no
10:37 longer be debt free uh but I’ll be you
10:39 know won’t have to part with Bitcoin
10:41 that I you know value highly um anyway
10:43 so figured I’d tell that quick story uh
10:45 just in case you’ve ever parted with
10:47 money you wish was in Bitcoin just
10:49 realize hey I’m the guy that spent 1.1
10:52 Bitcoin on a Toyota Corolla in 2023 so
10:56 you know that car is driving around
10:57 today and uh in Bitcoin value that’s a
11:02 $118,000 Toyota Corolla and yeah I’d
11:05 have the Bitcoin back if I could um but
11:08 you know I did not have to put up with
11:10 the risk that was exists in 2023 that
11:12 does not exist now and you know nobody
11:15 appreciates the fact that in 2023
11:17 Bitcoin was just a radically higher risk
11:19 asset than it is right now so back in
11:21 2023 it was still low risk now it’s just
11:24 like in my opinion insanely low risk um
11:28 so anyway hope that story helps and have
11:30 a wonderful day everyone thanks
