Investing Strategies for Bitcoin and Tech

If you're a 20-something or 30-something and you're willing to do the work, if you're willing

to spend 100 hours or 200 hours, if you have more time than money, then the volatility

of Bitcoin is a gift to you.

If you have more money than time and you're arrogant and egotistical and you just pick

the obvious, then if the volatility goes away, you buy Bitcoin.

If people in the rest of the world knew what I know and they understood and they agreed

with me, Bitcoin would go to $10 million tomorrow.

If Bitcoin went to $10 million tomorrow, I want you to think about how you would feel

and how your viewers would feel because you would lose 20 years of stacking opportunity

during which you get to buy it less than $10 million.

So the difference between $10 million and $100,000, that's what you give up if the volatility

goes away and people start to agree with you.

So I'll end with just one thought, which is in my life, I've made a bunch of very successful

investments.

I bought Facebook.

I bought Apple.

I bought Google.

I bought Amazon.

I bought Bitcoin.

And there's a simple formula if you want to make 10x your money or even 100x your money.

And this is the formula.

Find something in the world everybody needs, nobody can stop, and few people understand.

And if you find that, if it's like obvious, Amazon, Google, Facebook, iPhones, Bitcoin,

digital capital, digital money, digital photos, digital relationships, digital video, if it's

obvious and nobody can stop it, but you go and you talk to a bunch of people with more

money than you, and they're older than you, and they're more successful than you, and

they all say, I don't get it.

I don't get it.

At that point, the cowardly response, the loser response is, well, a lot of people told

me to give up on it because they don't get it, so I won't get it.

And the right response is, I'm going to study it and decide if they're wrong, and I'm going

to make a decision for myself.

And if I got it, if I bought Amazon when Wall Street hated it, if I bought Facebook and

Google and Apple when Wall Street hated it, if I bought Bitcoin when Wall Street hated

it, then I'm getting rich.