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.