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
