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.