20th century,,, 100 students at a time
.
20, 40 years … 4,000 people
.
We are all educators
Give music to a billion people, free digital music
Digital Education
Digital Money
Give money to a billion people
Go forward not back, make the world a better world!
*
Mortgage homes and buy Bitcoin
.
Sept 2020–
Bitcoin is scarce desirable property, hold my whole life.
Negative working capital, debt, rather than equity?
.
2.7% mortgage rate
2.8– 5.2%, cost of home went up 80%
Holding cash is losing 20% of value year over year
.
Cheap Money
Preserve generational wealth
Cheap mortgages
Watch old interviews
.
10,000 a coin, gold is down 15%, bitcoin is up 100%–>
Lose 15% of your money or double your money
.
100% means double
.
Less than a year or 2 years
30 year time horizon … investor
Why invest?
2 months is trading
.
US Economy
March 2020– been in recession
Real output, strength of currency
Losing 20% of purchasing power,
40% purchasing power lost in 2 years, 5% growth
.
Tied to commodities
11-13% Korean WON down
.
Collapsing against the dollar
Developing down 40%
.
US dollar coin
Tether or Circle
UST?
.
Medium of exchange, US DOLLAR
4 years less. US DOLLAR
4-40 years, property –> Bitcoin is the best property
.
Weaker because of counter parry risk, and task risk,,, not portable ***
.
You can move bitcoin not certain others?
The economy not working well, 2020 Feb
March 2020, 0% Japanese tourism
.
Money supply increasing
600-800B spending bill?
Governments will collapse
Capital controls
Sri Lanka. Nigeria, illegal to accept US DOLLARS
.
FRUGAL THOUGHTS
.
You can’t print more energy ****
You can’t print more food
.
Digital Energy ***
Convert energy into a block of encrypted energy, hold forever, doesn’t lose energy!
.
Don’t drain energy –> electric battery?
.
Phong Le
.
President and CFO
.
20 months
People are foolish with money?
The pandemic changed everything
0% money
Digital transformation
.
$500M cash
Sovereign debt
Buy the Shelby!
.
Digital gold or bitcoin –> dominant, capped at 21M
Natural inflation hedge
First Principles… solution to inflation
Wasn’t obvious?
5%, inflation, 20% inflation
.
Defensive than offensive
Opportunistic and strategic
Main Street company AND a Wall Street company!
Digital property
Property acquisition, property development company
.
Acquiring more digital property, bitcoin
6.5B Bitcoin business
.
Bitcoin is great because not held back by the laws of physics
200M bitcoin holders
Digital transformational zeitgeist
.
Risk reward
3T,
Bitcoin is Hard Money
Becoming harder
.
Increase in value. Underlying value
.
Hard property
Cyber economy, 21sr century cyber economy
Billion dollar digital hotel
.
Think Digital
Matter ***
Digital Matter
.
Bitcoin for Photographers
.
66 countries dollarize.
.
Not just asset but network
.
3M people Download App
.
130% interest last decade … more than double
.
6B people, 8B if Chinese didn’t block it
.
Lightning
Think Lightning
.
Property rights
2.5B people don’t have property rights
How to save $300 for a year?
.
Energy drain? –>?
Don’t drain your energy
.
Economic imperative
500T dollars
Bitcoin is a better store of value than the US DOLLAR
.
TECHNOLOGY IMPERATIVE
PayPal, square
.
300 years conventional banking
Geo political technology interplay
.
Technology for property rights , moral imperative
Poverty & Bitcoin
.
Conserve economic energy
No security for your family
90%
Aspiration for your future, strip hope
America was founded on hope. American dream
Bitcoin is a very American thing –> the Bitcoin American dream
World Power, strengthen America
Reject steel, internet or electricity
.
Bitcoin & Muscles
.
Not a trader
No short time horizon
.
At least 4 years, forever asset
Trophy
Give it to your heirs
What NOT to do
Don’t sell the Bitcoin
Jan 2020 — peak of economy
.
Before Covid
.
Unfettered
Not perfect
.
Travel is Dead?
.
The free market
Restraints on trade, massive economic inefficiencies
War on Carbon?
War on foreigners?
Jan 1, 2020–
The war on currency?
M2 money supply — 41% expansion of money supply
.
Don’t expand the supply?
45-46% single family prices exploded –> slightly outperform money supply
19% NASDAQ
13% S&P
185% Bitcoin up
.
How do homeless people dress?
250M Bitcoin
Aug 10th.
.
GOLD DOWN 10%
August 10, 2010
-1% nasdaq
18 months
11% up
26% single family home
20-25% money supply
Track
86% up, even though thrashed
Less than 2 years trader . RIGHT AND Wrong ,,, ?
Proprietary expertise
.
4+
10 year. Saver *
.
The stock market is not the economy, the economy is not the stock market!
2011, 2012… trouble
2018
.
Empire of debt
.
Real inflation
GROWTH is slowing down?
Fantasy?
Velocity
Let assets drop ***
Just let it drop
.
Energy issues. Oil in Russia
Simplify simplify simplify!
Simplifying your life. Workouts and money?
.
Avoid eye contact with black holes?
1T cannot replace Apple
.
Humanity Ingenuity
10x price of gold
Commodity –> you cannot issue it
.
Tie yourself to the mast, ears wax bees
1730 … dangerous
.
Okay when it is down there
.
Charts are fake
,
When Bitcoin is down,,, so is everything else.?
Dollar cost average into scarce desirable assets –> rational
Nobody can time the market
.
Afford to maintain
.
4 year moving average bitcoin
.
How to be Antifragile in a chaotic world
HOW TO BE stoic in chaos or chaotic world?
More than Stoic — Antifragile
.
Decades,,, no management team, competitors, product cycle
.
It’s a different thing
.
2030–>
Maintain property for 10 years
.
Demonetization of gold –> flows into Bitcoin
.
Your feeling of vigor?
Price adjustment
.
Parade of horribles
Reverse next decade
Wash trading
.
The March of hedonism?
.
Existential threat