00:01 You should calculate how much of your
00:02 total assets or net worth is in Bitcoin
00:05 right now. Like literally, you should go
00:08 go do that right now. It’s probably a
00:10 smaller percentage than you think. A
00:12 major mistake people make when
00:13 allocating to Bitcoin is they don’t look
00:16 at it as a percentage of their total
00:17 assets, which you should. And so they
00:19 might buy $200 or $500 or $1,000 of
00:22 Bitcoin, and then they sort of keep an
00:23 eye on it and watch it. And for them,
00:25 they feel like, well, hey, I got $1,000
00:27 of Bitcoin. But in the context of well
00:30 if you’ve got $80,000 in an old 401k and
00:32 you got $40,000 in an you know IRA or
00:36 529 plans for your kids or you know you
00:39 got another 60,000 equity in your house
00:41 and all this sort of stuff. You add up
00:43 all your assets and suddenly $1,000 ends
00:45 up being like less than 1% of your
00:47 assets or or your net worth. And so
00:50 suddenly what felt like a lot of Bitcoin
00:52 really is not enough to even matter.
00:54 $1,000 goes up 10x and your total assets
00:57 are $100,000. Your your assets only went
01:00 up 10%. Because you gained $10,000, your
01:04 $1,000 of Bitcoin turned into 10,000 and
01:06 you gained $10,000 of net worth on top
01:09 of $100,000. So now you have 10% more.
01:12 You have $110,000. That’s not going to
01:14 change your life. So please do me a
01:17 favor. pull out a calculator, a piece of
01:19 paper, your iPhone, whatever, and start
01:21 calculating what are your total assets
01:24 or what is your total net worth, meaning
01:26 your assets minus your liabilities. And
01:29 then calculate how much Bitcoin do you
01:31 own, and then divide the number of
01:32 Bitcoin by the total amount. So if your
01:35 total assets are $100,000, $1,000 of
01:38 Bitcoin, and $99,000 of everything else,
01:41 then your total assets are $100,000.
01:43 It’s the Bitcoin plus everything else is
01:45 your total and the Bitcoin is $1,000. So
01:47 it’s $1,000 divided by $100,000 is 1%.
01:51 So please do that because that percent
01:53 is probably way lower than you think.
01:55 Meaning you are much less exposed to the
01:58 upside of Bitcoin than you probably
01:60 originally thought. And if you run that
02:02 math, you may think, “Wow, I really
02:05 ought to have like 10% or 20% or 30% or
02:08 like me 100% of my net worth in
02:10 Bitcoin.” And then you run the math and
02:12 you’re like, “Well, dang, I’m I’m at
02:14 like 3%.” So 3%, I’m sorry to say, is
02:17 not going to change your life and it’s
02:19 not going to make you rich. Now, 3% can
02:21 turn into 30% uh if it 10x’s over the
02:24 next less than 10 years, and your
02:26 $100,000 net worth or whatever it is
02:28 will turn into 130. That’s still not
02:30 going to radically change your life.
02:31 3%’s not going to change your life. Uh,
02:33 as I posted earlier today, if you want
02:35 to double your net worth, you need a
02:37 minimum of 11% of your net worth in
02:40 Bitcoin. If you want to triple your net
02:42 worth, you need a minimum of 22% in
02:44 Bitcoin. If you want to quadruple your
02:46 net worth, you need a minimum of 33% of
02:49 your net worth in Bitcoin. So, please
02:50 run that math right now. You’re probably
02:53 much less exposed in a good way to the
02:56 upside of Bitcoin than you think.
02:57 Meaning, the amount of Bitcoin you
02:59 actually currently own is probably a lot
03:01 less as a percentage of your assets than
03:03 you think it is. If that is the case,
03:05 which I’m sure it likely is for
03:06 virtually everyone watching this, then I
03:09 would say buy more Bitcoin. Maybe you
03:10 buy more Bitcoin in uh an old 401k on
03:14 with a Fidelity crypto account. Maybe
03:16 you buy more on River or Coinbase. Uh
03:19 maybe you buy more in a Roth IRA using
03:22 the a Fidelity Crypto IRA or a Fidelity
03:25 Crypto Roth IRA or a Fidelity Crypto
03:27 Rollover IRA if you’re rolling over an
03:30 old 401k plan. that retirement assets
03:32 are the easiest ones to get your
03:34 percentage up because most people have
03:36 most of their assets not just sitting in
03:38 cash in a bank that they can link to
03:40 River or Coinbase. But please run that
03:42 math, run that calculation, and if it’s
03:45 a lot lower than you thought it was, do
03:47 yourself a favor and fix that until you
03:49 have a percent allocation you feel good
03:51 about for the long haul.
