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BEN WEHRMAN

*Disclaimer: I’m not a financial advisor- please do your own research before making any decisions with your money. I’ve also included an affiliate link for my favorite Bitcoin trading app. If you sign up through that link, we both earn a free stock <3

Hello friends.

Today, I’ll be talking about one of the topics I’ve been nerding out the most on in the past year: cryptocurrencies, and more specifically, BITCOIN.

If you’ve been following my Instagram stories, you know that I’ve been dabbling with crypto for a couple of years now- but it wasn’t until 2019 that I started taking its potential more seriously.

Over the course of 2019, I made a handful of trades on Robinhood while backpacking in Australia, starting with very small amounts of money, and gradually building the pile as my confidence grew. Thanks to my extremely low living costs, I was able to use the profits I made from these trades to cover 100% of my living expenses (plus some extra) for my entire 1 year of living in Australia.

bitcoin trading
I made several Bitcoin trades in 2019, but this was my biggest. Didn’t hit a home run on the bottom or the top, but still managed to nearly double my money!

But I’m not here to talk about lucky trade gains. In fact, I’ve almost entirely moved away from this short-to-mid-term thinking, and begun accumulating Bitcoin for the long-term.

Here’s why:

bitcoin billboard

What is Bitcoin?

The USA has the US Dollar, the EU has the Euro, and the internet has the Bitcoin. This is the idea- it’s just a currency like all the others.

BUT, there are a few key differences:

  1. It’s de-centralized. Banks, governments, and credit card companies control the money today, so of course, they abuse their power in every way they can. For example, they collect massive amounts of fees on everyone’s transactions, and pocket the profits for themselves. Money should NOT be controlled by humans, it should be controlled by MATH. Math doesn’t have emotions.
  2. It’s an actual store of value. Like gold or silver, it’s a limited resource–there are only 21 million Bitcoins in existence, and that’s all there ever will be. As long as governments control the money supply, they’ll continue to print an unlimited amount of it to save their own skins, while passing burden to future taxpayers.

For a breakdown of how truly fucked up this system is, watch this brilliant video (and don’t feel bad if you need to watch it a few times–there’s a lot to digest):

Eventually, the current scam of a system will come to a disastrous end, and those who hold scarce resources like Gold, Silver, and Bitcoin could stand to benefit massively as a result of this implosion.

Now, let’s take a look at how Bitcoin has performed in terms of investment potential:

Comparison of Recent Success Stories:

Microsoft

microsoft stock

If you invested $100 in Microsoft 20 years ago (2000), that’d be about $294 today.

That’s almost triple!

Nice.

Amazon

amazon stock

If you invested $100 in Amazon 20 years ago (2000), that’d be about $4,500 today:

WHOAH, that’s 45x!!

Nice.

Bitcoin

bitcoin price

Now, let’s say you invested $100 in Bitcoin only 10 years ago (half the time period of the previous two).

Any guesses?

That’d be about $13 million today, a modest 13,313,857% gain.

Yeah.

So what can we learn from this?

The numbers speak for themselves. The long-term potential for crypto is absolutely absurd. High risk, but absurd. For those that can’t stomach the uncertainty of the crypto market, I have a quick definition to run by you:

Asymmetric Opportunity (n): When the risk of a trade is exceeded multiple times by the profit opportunity.

To explain this, let’s look back at one of our blue chip examples from earlier. Let’s say you want to make a $10,000 investment:

Amazon (next 10 years):

  • Worst case scenario: Goes to zero. You lose $10,000.
  • Best case scenario: Grows at same incredible rate as it did the last 10 years (13x). Your $10,000 grows to $130,000.

Bitcoin (next 10 years):

  • Worst case scenario: Goes to zero. You lose $10,000.
  • Best case scenario: Follows the historical rate of human technology adoption, and becomes the standard for the entire global financial system. Your $10,000 grows to $10,000,000 (or 1,000x).

adoption of technologyHumans are accepting new technologies faster than ever before. This means huge potential for newcomers like Bitcoin.

Since Bitcoin and companies like Amazon have the same worst-case-scenario and drastically different best-case-scenarios, I’m willing to take on that added risk.

That’s why I’m a Bitcoin investor.

Homework Time

Now that you have a basic idea of Bitcoin’s potential, I invite you to join me on an educational journey.

Starting now, I’ll be diving into the most popular Bitcoin & crypto education books available today, so I can:

  1. Continue educating myself on the topic.
  2. Find the BEST crypto books out there for YOU to buy.

To stay in the loop, make sure to SUBSCRIBE in the footer below, so you’ll never miss a post!

Ready to Invest?

To sign up with my personal favorite platform for crypto-trading, CLICK HERE. (By signing up through my link, we both earn a free stock! Yay for referral programs!) I’ve used Robinhood for nearly 2 years now, and I recommend it to everyone I know. (Note: Robinhood is currently available for US citizens only, but will be open to the UK very soon. Sorry international friends).robinhood referralCurious about crypto but not ready to put your dough on the line? Say no more- my NEXT POST will be the first in my series of crypto Book Reviews! Make sure to subscribe in the form below, to stay in the loop on those 😀

I’ll see you in the next post!

-Ben

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