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Building Bitcoin Wealth for Everyone - Epi-3704
All links, resources, source material and the audio of this podcast can be found at https://www.thesurvivalpodcast.com/bitcoin-wealth-25 about one hour after the livestream version of this video is over.
Today we break down how to build wealth with Bitcoin, no matter your age or income. From killing unit bias to simple DCA strategies, this episode clears the excuses and lays out a path anyone can follow to stack sats and secure the future.
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Bitcoin recently hit an all time high over 122,000 dollars and now has fallen to about 118,000 as I write this. Long gone are the days of 300, 600, 6,000 or even 25,000 dollar Bitcoin, but you know what hasn't changed, unit bias bullshit! I heard it so many times over the years, "I wish I would have listened earlier but I missed the opportunity" and I have always responded with "no you didn't miss it, you are missing it right now" and that too has not changed.
Unit bias is where a person says "but I will never even own one full Bitcoin" while buying fractional shares of ETFs of various groups of stocks they are clueless about in their 401Ks every pay check. It is just foolish thinking. These are the people who buy silver instead of gold because "you get more" while ignoring historical performance. They own fractional shares of Amazon and Tesla but some how thing buying sats vs. whole coins is somehow a handicap.
Additionally we have the mentally broke, their excuse is "I can't afford to buy Bitcoin". Many of these people buy plenty of things daily they don't need to "mentally medicate themselves". Whether it be going to fast food places instead of making their own lunch or buying energy drinks or some other vice. Plenty of people, especially 20-30 something blow small amount of money daily that could given the time they have left in their working lives make them wealthy.
People think they "don't get Bitcoin" because it is to complicated. That is nonsense! While the underlying components of Bitcoin can be complex the formula for building wealth with it is actually so simple the mind is repelled by it. Want the magic formula right now?
End every day with more sats than you started with!
Start saving with the future in mind. At this point most people realize that the day of 1 million dollar Bitcoin is inevitable and in fact that will not be a ceiling but let us use it anyway. I also do not think it will take 10 years to happen, but let's use that too. Currently you get roughly 10 sats for a penny, at one million dollars you would get 1 sat for a penny. Translate to dollars and 5 bucks buys about 5,000 sats, at one million 5 bucks buys 500 sats. Why does that matter, let's change our input thinking.
I make you a deal, the deal is you can buy all the dimes you want today, they will each cost you one penny. How many dimes do you want to buy? Your answer is all of them right?
Okay let's go to another level. There are only two conditions to this. One, you have to keep the dimes at least 10 years before you spend them, at that point you can buy anything with them. Two, the only "catch" is when you get your dimes in 10 years you can't use them to buy more dimes at a penny a piece. "No wishing for more wishes" sort of thing. You still want this deal don't you?
Great that is the deal in front of you now! Stop trying to hit the lottery and start building wealth today with a deal that is actually better than the one I just offered you.
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