The philosophy of motivation? What moves me, what is my first mover?
Become more:
Someone who speaks his mind
The idea is once you’re dumb rich and no longer need money, then the entrepreneurial ventures you partake in is because you truly desire to see it manifested in the world?
Change and do, and build or do things differently … based on what you believe the ideal world *should* look like:
Never stop innovating.
Capacity, or potential future capacity to do work, power ,, your power reserves?
More muscle, more latent power capacity?
Thus, if you desire more power,,, you should also desire more muscle?
“DC†in the context of DC Comics stands for “Detective Comics.†This name traces back to one of the company’s earliest and most influential series, Detective Comics, which first introduced the character of Batman in 1939. Over time, the company itself became widely identified by the initials “DC,†and eventually adopted them as its official brand name: DC Comics.
Technically, this results in a slightly redundant name if expanded fully (“Detective Comics Comicsâ€), but it remains one of the most recognized labels in the comic book industry. DC Comics is known for publishing iconic superhero characters such as Superman, Batman, Wonder Woman, The Flash, and many others, and it has played a central role in shaping the modern superhero genre.
“DC†in DC Comics originally stood for Detective Comics, which was one of the company’s early and most popular series. The name is a bit redundant since “DC Comics†essentially translates to “Detective Comics Comics.â€
The company itself started as National Allied Publications in 1934 but became closely associated with its flagship title, Detective Comics, which debuted in 1937 and introduced Batman in issue #27 (1939). Over time, the company adopted “DC†as its official brand name due to the success of that series and its logo, which prominently featured the letters “DC.â€
Today, DC is simply the name of the company, representing one of the largest and most iconic publishers of superhero comics in the world, home to characters like Superman, Wonder Woman, and Batman.
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iPhone is a scam?
This is what bitcoin is!
Super pumped to share with you, my first full length lecture on an introduction to bitcoin, the bitcoin Revolution, and also this edited transcript that I provided for you!
So the Bitcoin revolution, the revolution will be televised. So, starting off.
First, what is Bitcoin? Why does it matter?
So I think the 1st important critical thing is trying to consider and think you know what is Bitcoin we’ve all heard about in the news we heard about Bitcoin as being a Ponzi scheme, a pyramid scheme. And honestly, my mom has gone through her fair share of Ponzi schemes like she she got suckered by the whole Amway scam.
I think the reason why Bitcoin is so important and critical is, Bitcoin is like the early days of the Internet. So if you go into a time machine and you could tell somebody in the past, okay, you know, in the days before email existed. Right? So okay, once one day, you know, everyone’s gonna have a supercomputer in their pocket. They’re using it to check all their bank statements. You’re going to be able to use your camera on your phone to scan your you know your checks, your bank account balances. You can use this to send money and messages and videos to everyone on the planet. Instantly everyone would have thought you were crazy.
and I think one of the biggest misconceptions about Bitcoin.
So a constructive way of thinking about bitcoin is trying to figure out what bitcoin is not.
My personal opinion is, I do not think that Bitcoin is actually cryptocurrency. I think currency is the Us. Dollar, and I think one of the biggest problems about the whole field of crypto and cryptocurrency is everyone is like a crypto anarchist, which means that they want to see the Us. Government and all the governments on the planet fail, and they can essentially live in peace and silent without interference from the Government.
Yet, you know, obviously, at the end of the day, it’s nice to have public streets. It’s nice to not get robbed in the streets. And actually, I think one of the biggest misconceptions about Bitcoin is. People think that Bitcoin is trying to replace the Us. Dollar.
But my personal thought is, Bitcoin is going to be a supplement to the Us. Dollar.
Essentially, I thought this a long time ago that essentially Bitcoin is digital gold to hedge against inflation, which means, as our money, our Us. Dollars, or our euros, or our local currencies become devalued.
The upside is, our Bitcoin will become more valuable. I think the best analogy that I got was from chairman of microstrategy mstr Michael saylor, essentially thinking that Bitcoin is is not digital currency, but digital
real estate.
So I think this analogy is better, because nobody’s on their zillow, you know, 20 times a day, checking their home prices right? And this is my mad Max Post Apocalyptic perspective. So imagine the future where there’s, you know, essentially
there’s this like nuclear fallout. And you know.
there’s no inhabitable places anywhere. And let us say, there’s only 21 million single family homes left on the planet for anybody to live. Obviously, sooner or later, you know, people are going to want somewhere to live. And so I think the best analogy, I think, is Bitcoin as digital real estate, which means that with digital real estate.
You know, a lot of people are like– I want to quickly make money off of Bitcoin. But how do I make money off of it? It’s kind of like the early days of real estate. So if you bought Manhattan in the 1600s, you know, how do you monetize it? And I still think that we’re in the very, very early days of bitcoin and institutional adoption, which means you’re going to start to see New Bitcoin products come out. So some simple thoughts. So we’ve all heard stories of Scumbag San Francisco based scumbag landlords, you know, charging an arm and a leg for their tenants, and we all hate the landlords, I think with Bitcoin we’ll become the new digital landlords, which means effectively, we will in the future be able to like rent out our Bitcoin. And you know, let’s say we have one bitcoin right, and it’s and then I think that the personal math I like to do in my head is thinking that one Bitcoin is equivalent to one single family home. So I currently live in Los Angeles, in Culver City. It’s kind of insane. A single family home. I’ve even seen some in my neighborhood for 4.4 million dollars. The average Median household single family home is around 1.7 million dollars.
So in my personal mind, where I think Bitcoin is a trillion times more valuable than physical real estate land, because you could always make more of it. It’s not a real scarcity.
A single family home, and the price of a Bitcoin should be pegged to another.
So in my mind I still think of a Bitcoin at least 1.1
1.7 2.1, maybe even 4.4 million dollars a coin. And I think this is a very very fascinating idea, because also, you know, people say, Oh, but Bitcoin is not real. Money is yeah, but like our dead, shiny rocks. Aka. Gold money either, or is fiat currency, you know pieces of paper. You cannot eat pieces of paper to to live. And I think one of the most interesting things I learned about the philosophy of money is that essentially all money is just existing in the minds and souls of men, the value for men, is all essentially subjective.
Money is not “realâ€, but subjective.
Now, what makes Bitcoin so fascinating to me is that it’s the 1st time in human existence, you had a hard cap supply of money.
So, for example, people often talk about gold, right? So the issue with gold is at the time it was the least bad form of money, because it was very, very scarce. It was difficult to find. It’s difficult to mine and transport. Yet there was lots of good properties of gold. It’s, you know, essentially it kind of lasts forever. Aesthetically, it looks beautiful, the nice yellow color of gold mimics that of the sun, and you know, at least back in the day, let’s say you had gold coins it could easily fit in your front pocket whatevers.
But now things become a lot more difficult because we’re living in the 21st century, the 22nd century you know, we would have flying car drone robo taxi, self driving car waymos. It’s like, Why are we still using an antiquated digital framework of modern day banking swift code accounts?
If you’ve ever tried to send money, you know, from the Netherlands to South Korea, to Nigeria, to Lagos whatever you find that the the whole SWIFT system is kind of like a bunch of gangster mafiosas like even my mom is currently living in South Korea.
Example if I want to just send my mom a small sum of money, it is insane,  it takes like three or four days, and the wire transfer fees like 55 bucks, I hate this. This should be done instantly. Therefore the thought of bitcoin, being able to quickly and effectively and securely transfer value across time and space without a trusted intermediary is a big big deal, a big big revolution.
So why does Bitcoin matter? It’s kind of like asking somebody why does clean water matter so one of the things I love about Michael Saylor, and I highly recommend watching all of his videos. @wsaylor. It’s essentially Twitter or X or michael.com.
He uses this analogy of sewer water. So let us say, every all 8 billion people on the planet are all drinking sewer water, and people are dying of dysentery, and people are saying, I don’t get it, you know I exercise, you know. I
you know I eat healthy exercise every day, but I’m still dying of dysentery. My kids are dying of dysentery, and so the whole issue is that if you’re drinking sewer water, no matter how healthy your lifestyle is, how virtuous you is. It don’t matter. You’re going to be, you know, dying of dysentery, or perpetually sick.
And so, if we think about these physiological terms, and apply it to Bitcoin and money and digital capital. This becomes really fascinating because my personal thought and you know, also, I grew up in a family of poverty, poverty, meaning that I thought I was going to be homeless at least 2 or 3 times. My dad was perpetually addicted to gambling with the rent money.
So what a lot of people don’t understand about growing up in poverty, and prosody is that the logical strategy that you never know when your dad is going to steal your money and gamble it away, and therefore the smart strategy is actually to spend it all right now! Because you never know when he’s going to look in your piggy bank, your personal checking account that your mom put away for your college, or even take your hard earned $3000 as a 15-year-old bus boy at your mom sushi restaurant, lying that you’re going to invest in some business, leaving to LA for about a month, gambling it away, and coming back empty.
When I think about it, this is actually super sad. Once again when I was like super super young like two years old, my mom tried to make me a savings account, like one of those checking or savings investing accounts for kids, and she might’ve had a nominal amount of money in it, like 200 or 250 bucks or something. And she told me the sad news is that one day when she checked up on it she discovered that the money was gone. Essentially my dad even stole away that $250 from my child savings account for college, once again feed his gambling addiction.
So once again, as a kid growing up, I never had this ethos or tactic of saving. Because we literally cannot come every dime that my mom made was fun into paying for groceries and rent.
Therefore I like a 15-year-old kid, my thought was I’m going to take every single penny, I can immediately go out buying some new sneakers, you know, buy some cool clothes, and I literally had $0 in my bank account.
So I think the pernicious, vicious cycle of inflation is.
You cannot blame people for not saving up capital for their future if the money itself is deflating at such a rapid pace, and so I personally think that you know Bitcoin is like giving every single person on the planet like unlimited free Fiji water, or the best alkaline hipster water whatever water you want. Essentially giving people clean water. And
a lot of people say, Yeah, but Bitcoin is not real money. It’s a okay. So I think this is a big this is a big shift for me also, personally.
My personal thought is, Bitcoin is actually more important than money.
So we should not think about money. We should think about capital. I think capital is a lot more robust and strong as a concept. So, for example, capital comes from Cap CAP. Like upon your head. K-ap. Essentially it came from the head of oxen. So if you read the Iliad, the Odyssey essentially, every time you want to appease the gods, you have to sacrifice a hectacomb, Hecta means 100 a hundred head of oxen to appease the gods.
And you know, obviously, that’s very expensive, like, can you imagine, if you know you sacrificed a hundred Lamborghinis to appease the gods, it would be quite expensive endeavor. Right?
And so, capital. We all live under Capitalism — it doesn’t matter if you’re living in Europe, Africa, Asia, America, China, and also one thing that people don’t understand is, I think, what a lot of these people, maybe 4 or 5 years ago, China is going to take over. China’s not going to take over. China is dependent on America, and effectively, the Chinese Yuan the CNY is essentially effectively pegged to the Us. Dollar and the Us. The US is essentially the world. Reserve currency and capital is what we seek, not money.
Talking about currency, so currency is like, you know, buying a Starbucks Frappuccino, or buying a in and out Burger. Right? That’s like money currency, right?
Capital is essentially long storm, long term, store of value. So it’s building generational wealth.
So one of my favorite songs from Kanye West is the off the grid songs that we off the grid grid grid this for my kid, kids, for when my kids, kids have kids.
And I think this is also the big thing is a lot of millennials, nowadays, I think the disincentive to have kids is because there’s so much fear mongering about the the future is gonna become uninhabitable, you know boil the seas or whatever. So there’s not going to be a future. So essentially, there’s a strong sense of pessimism.
But Bitcoin, to me is like solidified optimism, which means that the future is going to be glorious and great. And you know, even having Seneca right now, think about his future kids, kids, kids, or my future kids, kids, kids.
It brings me so much joy. Because the simple strategy, you just keep stacking Bitcoin until you die, and then you hand it on to your kids. Your kids give it to their kids kids. It’s like, if you owned, you know, a hundred penthouses or 10 square blocks or 20 square blocks in Manhattan, on the main island. Do you ever sell that to buy a Lamborghini? No! That’s not what one does, or liquefy it all into us dollars and brag about how many billions of dollars you have in your bank account.
Nope, that’s not the goal– you want to build capital. And traditionally it’s been real estate. But once again, real estate was a good idea. In the 16 hundreds, 17 hundreds, 18 hundreds, 19 hundreds, or 2000s. But then the subprime mortgage meltdown proved that, you know maybe it’s not always the best idea.
Real estate can go down.
And I think the hard thing is, people say, Yeah, but you know, real estate, you know, essentially, everyone needs somewhere to live, and it’s historically, the value of real estate is always going to go up forever. Now people say that the tricky thing is the pace of monetary inflation is around 15%. The best thing is to either chat Gpt or Google The M2 Money Supply. And essentially what you will find is
that the money supply is essentially a metric in which the Us. Government, or any other government on the planet, includes the euro and stuff. They keep printing more currency. And the reason why then this becomes an issue is that if you have more currency in the system that means the individual value of each unit is going to go down.
I call this the shake Shack Burger incident. So me and Seneca we used to always buy a single burger, patty, for $1.49, $1.50 … and one day we come and they say no it is $2.50, a party.
Why this makes no sense is like, yeah, we just increased the minimum wage to $20 an hour from $15 an hour. $20 an hour for fast food, and the hard thing is with minimum wage. You cannot rewind the the hands of time. If you suddenly said that the minimum wage is only $17 an hour, there will be riots. The streets would not be not be good.
So we’re all photographers, you know, street photographers, whatever. And the hard thing with digital is in our minds, digital is infinite and free. So, for example, I could take a copy of Mozart’s 5th Symphony, or whatever, as an mp3, file, and I could copy and distribute it a trillion times with 0 marginal cost right?
So this is where the notion of cyber becomes more interesting. And I’ll think about like, you know, cyber punk thinking about cyber truck.
It’s essentially once again, mathematically, cryptographically, that the hard science and the hard math is there can never be more than 21 million coins
in existence come up forever. Even if you took all the quantum ultra computers on the planet, times it by 20, you still could not produce more bitcoins. It’s just how it works right?
One Bitcoin is like one cyber-ox, and it’s immortable, immortal, indestructible. It’ll give you life forever. And there’s only gonna be 21 million of them in the future. And now and so this is your chance to get one for an extreme discount.
Let’s even say let’s say you want to buy a single family home. Let’s say it costs a million euros or whatever. Right? So if I could tell you today that you could buy a single family home for only $100,000 or €100,000 you’d be like, wow, that’s that’s the deal of a century. That’s you’re still getting a 90% discount.
And my personal thought is Bitcoin is far more valuable than real estate, because in the next 20-30 years, when essentially all the all the baby boomers, The Gen. Xers die off, and it’s the millennials and Gen. Z’s. And, alphas!
When we millennials take over, what’s interesting is that we don’t really care about physical real estate anymore. We will care about digital cyber real estate which is bitcoin. 
So my personal story, how did I get into Bitcoin? So it might seem a little bit random. It’s like, Okay, ERIC, you’re super famous for photography, street photography like, how do you get to Bitcoin like? It’s like, so random, right? But actually, it’s not very random at all, because, you know, if you’ve been following me carefully, you know the whole time, I’ve always been talking about living minimalistically, frugally, Spartan lifestyle, whatever’s. And you know now that you know I’m pretty stacked with a bitcoin and microstrategy stock mstr.
Funny enough, I’ve personally found that my lifestyle habits haven’t changed much after getting super rich, I mean, I’m a little bit more generous, maybe, like, you know, took out a friend last night to all you eat Korean barbecue
paid for her bill didn’t really even flinch.
Even a random aside, my best friend and my best man Justin, told me this when we were like in our early 20s, when we finally got good paying jobs whatever, is that the greatest joy is being able to eat out and not really feel the pain associated with having to eat out because we both grew up poor. 
I still remember even when I was undergraduate at UCLA, after our KYRIE club meeting, we would all go out to eat, and then I would see all the other guys ordering these really expensive $15 Korean barbecue gogi plates, (this was in 2006, when you could still buy a foot-long sub sandwich for five bucks), and $1.99 tacos, and $1 tacos, and me trying to save money, would force myself not to eat even though I was hungry, and my friends would ask me if I was hungry and I would lie, and say I wasn’t, while my stomach was still grumbling. 
So my personal thought with Bitcoin is, I personally wanted monetary freedom, and so long story short, so I’ll never forget this moment. So I’m born 1988. Went to UCLA as an undergrad — my roommate at the time, Kevin. It’s our junior he’s on Reddit, and I’ll never forget we’re in our studio apartment. I think I was distracted. I was doing something else. He was like Eric, you know. He’s on some subreddit, and he’s like.
“Oh, Eric, this thing called Bitcoin, and there’s this one dude who just bought two domino’s pizzas for like 10,000 bitcoins. We should just get like a hundred bucks worth of bitcoin, and just see what happens.â€
I then responded “Eh, seems like a scam†and disregarded it. No this is one bitcoin was like less than a penny, so even if me and Kevin and my roommate Kevin, just bought a hundred bitcoins at the time for funsies, right? And I had a hundred bucks right? We would each be worth at least 1.2 billion dollars.
If I had bought $100 worth of bitcoin at the time, once again we would each have about $1.2 billion in our checking accounts.
Today, I’m like, man. This was like the worst mistake of my life, right? But everything has happened as it should have happened. You know. Maybe if I had become a billionaire I’d just become some degenerate, you know. Cocaine addict on some beach somewhere in in Hawaii, and then Seneca would never been born. I would have never done my photography, world travels, whatevers.
Then my reintroduction to Bitcoin was kind of more recently when moving to LA. The cost of living is so expensive, and you know every I don’t know a single person who doesn’t want financial freedom. A long story short, I 1st heard about Bitcoin again, kind of earlier than when I was living in Vietnam around 2017, 2018, and at the time I didn’t really need Bitcoin, because our living expenses were so cheap. It was $320 bucks a month for a brand new studio apartment, fully furnished up, uplighting and the jazz right? And even at the time, passively, the income we’re making. Let’s say it’s a $1000- $2,000 a month. Let’s say it’s not even that much right, but like our whole total expenses, living expenses like maybe $600-700 a month, so I had the epiphany I’m like, I’m never going to run out of money. So already, at the age of 26 in my mind, I mentally retired right
and just more for funsies.
I met this guy named Bing in Singapore. Heard about this thing called Digibyte. Dgb, I don’t even think they’re around anymore. But at the time I’m like, Okay, I want to buy some bitcoins, buy some digibyte. How do I do this? And at the time Coinbase seemed like the best option, because it was the simplest, most minimalist to me it looked like the paypal for for Bitcoin and cryptocurrency.
For fun I bought about $25,000 worth of bitcoin, which, and Bitcoin was only about $7,000, $6,999 a bitcoin. So that was around 3.5 bitcoins. 
I then traded some bitcoin for digibyte, and I kept some bitcoin in my Coinbase account. Then the next few years I essentially saw the waves and the crashes and the dogecoins and stuff like that.
And essentially, I just kind of woke up to my guts and found out that Bitcoin was a real deal.
Some strange analogies is to me Bitcoin is almost like a new
World economic religion, I mean, people who follow Bitcoin are like fanatic. They’re zealous about it. They follow Michael Saylor like he’s like you know the prophet. You know the next prophet of Bitcoin right?
And it’s always good to invest in religions or to invest in cults like the cult of Tesla, Elon Musk apple, Steve Jobs. Whatevs, right?
Now obviously, I have financial independence now, and the only reason I’m teaching this workshop or sharing this information is, I almost feel like it’s my ethical imperative. Once again, if you could have discovered internet in the early days, or clean drinking water, I would feel that it would almost be a disservice if I did not share this information with others.
So everyone’s always about like, okay, so what is the Bitcoin gonna be worth? So there’s the open source model. Michael Saylor, I think, helped create it. It’s called the Bitcoin 21 model, I think. Right?
So 21 years from now his base case is that Bitcoin is going to be $13 million a Bitcoin. Bear case, $3 million a Bitcoin. The bull case is $49 million a Bitcoin, and note, this was in 2024 in July before Trump was announced as President, and he is ultra super pro crypto and bitcoin and also worth following, is his son Eric Trump, ironically. His name is also Eric also the funny thing. There’s a bunch of Eric’s actually in the world of Bitcoin, Eric Kim Eric Semler, of semler scientific, this other Etf guy who works for Bloomberg. His name is Eric Balconus, or something like that.
Essentially, we have an all Republican trump, pro bitcoin pro crypto, President and cabinet, whatever right?
What is really fascinating about Michael Saylor’s predictions for the future price of bitcoin is that when it was only $65,000 a bitcoin, and we were a bit uncertain about what the future of bitcoin and the president and the government would look like.
The last four years, we were all fighting an uphill battle, because the former administration was adamantly anti-crypto and anti-bitcoin. Gary Gensler who seems like a smart guy, was for some reason really anti-bitcoin and crypto? 
And so these were all written by Michael Saylor’s predictions before we had the most pro bitcoin
government of all time. So all these numbers, I think, should be inflated. So my personal thought is, I think, for the next 4 years once Trump takes office, January 20, 2025. I think this will be the craziest, best Bitcoin Bull Run of all time the next 4 years. So currently, Bitcoin’s been going up around 60% to 62% arr annual rate of return. And I think once Trump takes office, and I’m pretty sure he’s gonna buy the 1 million Bitcoins, or whatever for the strategic American Reserve.
And also I think Eric Trump, his son, is committed to having Bitcoin be at least a million in Bitcoin.
So let’s see. So my personal prediction, right? So I think Bitcoin will grow by at least 120% arr over the next 4 years. So let’s say, Bitcoin is worth around $100,000 right now. So by next year, let’s say it’s $250,000 the year after that, let’s say it’s $750,000, let’s say the year after that it’s like $1.2 million. So I think we’re on track to hit a million a bitcoin in 4 years about 10x gain. So just do the math from then.
Currently as an account measure, I now equate one bitcoin being worth one cyber truck, assuming that a cyber truck is currently around $100,000.
So the smart strategy is to take your hundred thousand dollars and invest it into bitcoin today, and you’ll see that becoming $1 million in four years. 
What that means is sell your cyber truck for $100,000, buy bitcoin, otherwise you have just done spent $1 million on your cyber loser truck.
Now, people are always asking, okay, this, you know, Bitcoin reserve strategy, you know, like, how is? And why is America going to buy the Bitcoins? Right? So we’re essentially out of physical land and real estate. Now we have to go to cyberspace right?
And it seems kind of silly, like something out of a sci-fi film. But the truth is, they’re currently the war we’re having with China and Russia. It’s it’s not physical war per se. It’s actually cyber war. So cyber security is the big big money maker. Even cyber penetration testing. Right? I think Gmail is trying to get like all these malicious actors trying to attack the Gmail servers like a million times a minute. Something crazy, right?
And if you look at the history of America, right? So, Manhattan, 1600s, the price of Manhattan. It was essentially stolen from the natives. Right? 60 guilders, right Louisiana purchase, you know, to fund Napoleon, California. Also kind of stolen from the the local Mexicans right? And also Alaska right. The the payoff was great, right, and so essentially the Bitcoin Act, the Cynthia Lummis Bill, she’s trying to get the States to buy at least a million bitcoins right? And you know even a Michael Saylor is much more aggressive. He’s like no America should at least purchase maybe 5 or 6 million bitcoins, which is 20 to 25% of the whole Bitcoin supply. And all America has to do is a free trade. They just need to sell their gold and then buy Bitcoin.
And in a recent interview that I was listening from Saylor.
super fascinating, is like essentially what he said was the super evil genius strategy of America selling her gold reserves and buying Bitcoin is that if that’s the case,
we demonetize our enemies.
You know, gold capital reserves.
So then suddenly, the the gold of the Russians, the Chinese, will go to 0, and then everyone’s going to rush into Bitcoin. And if America owns Bitcoin, it’s a good sign for the future.
And also another big thing I want to talk about. Why does America have the best economy on the planet?
So we essentially gave birth to Apple Amazon, Facebook, the magnificent 7 stocks, Netflix. And you know, people talk about China. It’s like. Okay, I don’t know a single rich mainland Chinese oligarch who doesn’t want to send their kids to the States to Harvard or Yale or Princeton, you know, buy a nice house in Palo Alto, the Bay area, or even Vancouver.
No rich mainland Chinese person actually wants to be in China, but because of capital controls, they’re kind of stuck. So once there’s going to be a mad rush to Bitcoin. That means that you, your family, your whole squad, is going to prosper now.
My friend Dante had a question about storage. So I think the hard thing with storage is okay. So how do you say this?
This is my personal philosophy. The reason I do not personally trust cold storage for myself or more of these self custody options is that I know that I am very forgetful, and my biggest fear is, let’s say, I forget my passcode, or whatever is right to the Bitcoins. And or let’s say, my kids, kids can forget it right? Then boom like, you’re gonna be out like a hundred 1 million dollars. Right? So that’s that’s not fun, right? And so personally, I think the easiest is to just, you know, store it on the cloud. So, using a trusted custodian, whether it be coinbase. I think fidelity has their own services now.
And the you know honestly, it seems like Coinbase is probably the best option,,, coinbase.com, or you just download your iphone ipad. Whatever right is that you could also get a link with your biometric apple id data, whether it be face id or thumbprint. Whatevs right? So this way, it just feels much more secure.
So for me, I would prefer an 80 to 85% optimal thing that is kind of dummy proof rather than take the 100% secure option which, because of user error, I might fail, and something that I personally learned is in terms of technology. And all these things in between
seeking the simplest, most straightforward option
that is least complicated is often the best solution.
And the reason I would be very, very wary of a lot of these people promoting, you know, buying their hardware wallets. Whatever right, everyone has a buck to make. Everyone has a bitcoin to make. Everyone wants to make a few satoshis here and there.
So they’re trying to fear monger us. Oh, you’re gonna you know, Coinbase going to get hacked. And I’m like, no, I don’t think it is. It’s like, you know, back. It’s like essentially a Us. Government backed institution, you know, it’s essentially it’s traded on the the the US Stock Exchange. It’s a American based company. I would not trust anything outside of the States.
If you’re super, you know, quant genius, autistic genius, then do all the cold storage stuff. But if in doubt, just the simplest thing is, coinbase seems to be the best.
Okay, so this is kind of my free money hack. So I call this microstrategy, strategy, mstr microstrategy versus bitcoin. And okay, so it’s very, very simple. So this becomes a philosophical debate. To say it short.
I think the ultimate goal is to own Bitcoin, he or she, or the entities which own the most Bitcoin shall win.
And so for me, philosophically, you know, let us say that you could own, you know, 20 bitcoins, or you could own 2 million dollars worth of micro strategy. Mstr. Stock. Right?
10-20, 30 years from now, right?
With MSTR you’re going to actually outperform Bitcoin. You’re actually going to make more money from microstrategy stock than Bitcoin. So Bitcoin, historically, has been 60% to 62% ARR annual rate of return MicroStrategy is almost double that 120 to 125 ARR. So if you actually want to maximize your returns, you just buy microstrategy stock mstr.
The issues is, you know let us say that Michael Saylor gets shot. He gets killed. He dies in a Cybertruck self driving accident whatever. Right? Then, it’s probably not going to be the world’s best future for microstrategy. So it’s actually much more risky.
If you want the least risky option, just put all your money into Bitcoin.
And some millennial living strategies. Right? So the the simplest strategy I have, I call it the Spartan strategy. This is why I personally follow. Is you essentially try to live as minimally and frugally and sparse as you can, and just put literally 90% of your income into bitcoin.
And a free money hack I discovered. So, for example, let’s say you have $150,000 or €150,000. Right? And you know I’m not 100% sure how it works if you’re a European.
Anyways what you do is you buy microstrategy stock. So let’s say you buy, you know, $100,000 or $150,000 worth of it right? And Mstr, and you use fidelity, or robinhood, or whatever trading app you have. Right.
And the strategy is simple.
Let us say the base case is $150,000. Let’s say your microstrategy stock value then goes up to $200,000. Right?
You sell $50,000 worth of it, and then you just transfer that to your bank account, and then your bank account is linked with your coinbase account. Then you just buy the Bitcoin — rinse and repeat.
So very, very impressive over the last 3 months, I started with initial seed capital of around $150,000 in microstrategy stock, off of that $150,000 right and I haven’t even touched my principal. I yielded $242,000
off of that initial $150,000. Once again I didn’t touch any of my principal. So essentially I made a free $240,000 dollars … in just 3 months!
And also for traditional Roth, Roth, Ira retirement accounts. I put everything into microstrategy stock, and it had already like 3x’d.
For example, My roth, Ira, just kind of randomly was like was $78,000, and then the course of 3 months it’s like now, $230,000. It peaked at around $300,000. So it’s going to be a good future.
So the the very simple strategy– cut and reduce your expenses to a bare minimum.
So let us say you’re able to get down your living expenses to let’s say you know, $5,000 bucks a month or €5,000 a month. Right? the point isn’t to just make a bunch of money and just go out and buy the Lambo. The the goal is actually to continue to live frugally. If anything live more frugally.
So the funny paradox here is that when people say they want to become a millionaire, but they’re really mean to say is I want to spend $1 million. 
But the funny thing is the second you go out and you spend $1 million, you then become worth zero dollars.
So actually, the game then is to stack your capital indefinitely and to see your numbers go up forever.
And then the hilarious thing assuming that you’re like some sort of greedy money rich person, you actually continue to live as frugally as possible, and not touch your capital. 
I think one of the wise ways to think about money is like heat loss. For example, if you’re super effing cold, do you want to seal up the window windows and the spots of your house which loses heat.
The same thing is with money and capital. You want to stop the capital loss.
So for example, the number one thing is the whole vehicle thing!
Never ever ever ever ever purchase any vehicle that requires premium gas. This is like the stupidest mistake of all time.
You continue driving your old Toyota Prius, and just pour all of your money in Bitcoin, because really the truth is and this is my philosophical thought is, there’s almost nothing worth on the planet purchasing.
Besides, Bitcoin is my philosophical thought.
The only thing worth purchasing on the planet is bitcoin. 

Also some even more super smart economic leverage.
Instead of paying an arm and a leg for rent in La or New York. Brooklyn, you just move to like Southeast Asia.
So if you move to Southeast Asia, you can live like a king, for like $300-500 bucks a month. Right? You just put all your money to Bitcoin.
So even if you had a modest savings, right, let’s say you had like $200,000, and you have microstrategy stock.
Let’s say every month of the month is rent is due, and the expenses are due right? You just sell a small portion of that stock, and it’s going to go up.
So my thought on the next 4 years, microstrategy, assuming it’s around 2x Bitcoin. I think Bitcoin is going to go up 120% ARR. I think microstrategy is going to double that 240% ARR. So just do the math.
At the end of every single month in which expenses are due, let us say it’s like $1000 bucks or something… You just sell $1000 worth of bitcoin or microstrategy stock to just afford your lifestyle. 
But ultimately my personal thought is whatever excess, money and capital you have just put it onto Bitcoin.
So the microstrategy then ends up becoming the engine or the turbocharger or the cash cow. You milk it, and you shave the cream off the top, and then you buy Bitcoin with it.
So I think the reason why to me Bitcoin is such a fascinating thing, and very exciting, is essentially Bitcoin is digital photography.
Peter Diamandis, the X prize guy. Right? You know, he talks a lot about kodak film. You know the iphone and disruption.
So actually, intuitively, as photographers and digital photographers, we should actually understand bitcoin. You know, this disruptive power about digital photography. So obviously, you have the hipsters with their mustaches and their flannels, you know, talking about the virtues of film photography.
But the truth is, digital photography is like a quadrillion times better than film photography.
And also currently, in the year 2025, incoming
digital photography is actually superior to film photography.
In the early days of digital ,,, digital photography sucked. But now, at this point, digital photography is far superior to any sort of film photography, and the only reason you should shoot film in today’s world is either as like a practice to appreciate the joys of photography. So the philosophical approach. Or you know, you’re trying to be some sort of like, you know, snobby fine art photographer and overcharge money for your photos. Then you shoot film.
Because honestly, the the fine art market, they’re always going to overvalue film photos over digital photos, because it’s more complicated. It’s more strange, right? So in the art, in the art world, the more complicated, abstruse, and complicated, you can make your art the better. But for us,
where we care about practical things, yeah, think about Bitcoin. So think about the iphone iphone pro versus your mom’s kodak Browning camera. I think the the thought is obvious. Okay.
Very simple. Just download the coinbase app. Buy Bitcoin.
If you don’t want to actually own Bitcoin, you just want to make a ton of money, just buy microstrategy stock MSTR, and use your traditional accounts.
So the tricky thing is everyone wants to be a millionaire, but instead of gaining 1 million bucks, and keeping and retaining the million bucks and growing it to 2 million, 5 million 10 million 100 million 1,000,000,000,000 etc., What most people want to do is to spend the million dollars.
In fact, a thought was whenever you watch all these movies about the glamorous life of the Wolf of Wall Street whatever, in order to fit a 90 minute segment, there needs to be some sort of ostentatious displays of wealth, huge parties, babes, yachts, Drugs, debauchery, sex, and Lamborghini countach’s. 
Never stop stacking
So, saving and building $1 million of capital, just think like money and Lego bricks, capital digital capital. 
The other day I just went to legal end with Seneca, and it was great. An interesting thing that we were doing with some of the kids in the tot lot was taking these oversized Lego bricks, and just seeing how tall of a tower you could build.
And then even the kids said the goal was to keep stacking the bricks.
So the analogy is in LEGOS is that you want to keep building your Lego tower thing as tall as possible, you never want to get rid of your bricks and throw it into the trash. Also you do not want to mess up the stability of your Lego tower, as you build it ever higher, you must also conversely build it a bit wider to support the ever-growing height.
So assuming that money, every capital measure is just like a unit of money, a unit as being a single Lego brick. And I think that is essentially what consumerism is; instead of stacking your capital instead of stacking your Lego bricks, you essentially incinerate it into the trash. 
This is actually another big philosophical thing I discovered is, what’s the difference between capitalism and consumerism.
Consumerism is actually the exact opposite of capitalism.
Capitalism is about accumulating wealth. Building your capital and not spending it. Even one of my favorite Kanye quotes is:
“White people make money don’t spend it, but I’d rather buy 80 gold chains and go ignant (ignorant)â€ï¿¼
So the pernicious thing that happens in a lot of communities, especially poor communities, is everyone takes their hard earned cash, they wasted at Vegas the strip club, on loser Louis Vuitton clothes shoes sneakers Nike sneakers, Jordans etc. 
I’ve also seen this happen with my own eyes. It happens all the time to Korean people. It happens to everybody, right?
The truck is you’re a single guy, living in a crappy apartment in K-Town with 20 other dudes, yet you drive the brand new BMW. And you’re not building any sort of generational wealth. Right?
So essentially the smart strategy is to build a capital and do not spend it. And essentially, you want to start to intelligently leverage your capital to give to your future kids or your descendants, or whatever you want to do.
The hardest thing about Bitcoin is stomaching the volatility. Bitcoin and all the crypto assets in general tend to be much more volatile than the standard stocks in the NASDAQ 100 index, maybe besides microstrategy stock. 
Now this is an important thing; a very interesting thing I saw at the San Diego children’s science center, there was a section on electricity, and there was this transformer that yielded both high voltage energy, as well as low-voltage energy which you could turn into a lightbulb.
It was interesting you just pushed a button, and you had the two lightning rods, and you would see the high voltage energy surging through it, and it looks super dangerous and powerful. And I am very certain that in the early days of Nicola Tesla, Edison, there were probably a lot of people who accidentally touched electrical wire and died.
Now even though there is a handful of people who died from miss handling electricity, it doesn’t mean that we suddenly ban electricity or fear it. Even today, the people who climbed the high ladders, fixed electricity poles, it is still a very dangerous job. But clean silent electricity might be the best innovation or technology for humans of all time.
Bitcoin is electricity. Maybe if handled incorrectly, the high volatility the high energy the high power can kill a man. But if harnessed correctly, it could be the biggest benefit to humanity of all time.
So for most people who get into bitcoin for the first time, and maybe for people who have never day traded, or traded stocks or done risky stuff, stomaching the volatility the highs and lows the ups and downs is quite frightening.
 I consider myself fortunate because I’ve been exposed to trading stocks ever since I was 15 years old, and I’m 36 now. So I guess I’ve been in the game for at least 21 years.
And also, studying stoicism, Zen, Taoism, Spartan philosophy, and hardcore one rep Max powerlifting has been good to steel my nerves, and my soul. 
The first thought is never check the price of bitcoin unless you actually plan on purchasing more. And actually, if you think about it… The price of bitcoin should never really even matter if you actually have money and plan on buying some.
An interesting thought I got from Michael Saylor is that I will keep buying the top, forever.  I will continue purchasing bitcoin at $100,000, $250,000, $1 million, $10 million, and 55 million coin.  And who knows, maybe if I live long enough I could buy bitcoin at $1.1 billion of bitcoin. 
If anything, this is actually a happy thought, if I’m privileged enough to live to be 120 or whatever, maybe I could actually live to see bitcoin hit over 1 billion a bitcoin, which means that this will be the best party of all time! Or, maybe Seneca could see it in his lifetime. 
So a lot of people ask about ethereum dogecoin shibainu etc. I think Bitcoin is the only true one.
Everything else is the false prophets. Everything else is the false coins. The immaculate conception of Bitcoin and Satoshi.
So the difficult thing is everything that is not bitcoin, require some sort of intelligence Books person or PR team. The reason why I also got off of chain-link is that I started to realize that Sergey Nazarov was just a puppet, and Vitalik Buterin is no better — perhaps even weirder.
So the hard thing about any sort of crypto asset which is not bitcoin, is if you have a real person associated to the thing… There are too many risk factors.
For example, Jared Tate, the guy who invented Digibyte (DGB), somewhere along the line went off the rails, started to talk about all these weird conspiracy theories whatever. He may be right he might be wrong he might be partially right, but the biggest issue was once this happened, the digibyte community started to try to distance themselves from him. And obviously the price of DGB crashed — and I’m not even sure that anyone supports it anymore. I haven’t checked.
So you know in the Bible when they talk about mother Mary, the immaculate conception of Jesus, and the assumption, we could actually apply a metaphor to bitcoin. I actually do think it’s very critical that she gave his gift to the world, and then disappeared forever. Even actually if you did come out today, And prove that he was Satoshi, it wouldn’t actually really matter, actually in fact, we are all Satoshi. 
Of course it is! But then again, almost everything is a cult. Cult is just short for culture. When we think about weird scientologists and Tom Cruise and whatever, the only reason why the term cult got such a bad reputation is that they demand huge financial investments, and also they apparently do strange tactics to keep you inside the cult?  Even the thing that was kind of shocking to me when I heard it was that actually if you want to be part of a synagogue, you have to pay a monthly fee?
Anyways, my thought is actually, it is a good idea to invest in cults. Investing in the cult of Apple, Steve Jobs, Tesla Elon Musk, SpaceX, etc.
If there is only one thing that makes bitcoin valuable is that it has a hard cap of 21 million bitcoins forever.
This is a big deal because Ethereum does not have a hard cap, you could actually always print more. 
Volatility is vitality. Michael Saylor.
Essentially volatility is vitality, and the more volatile the more energy the power you have, the more vitality you have.
So once again, people think of volatility as being risk. That is actually not the case. Bitcoin is going to go up forever, but it’s going to be like an extreme roller coaster and go up down, but with extreme swings it’s extreme performance.
Volatility is not risk.
Volatility is just going up and down a lot, but essentially over a long enough time span, it’s going to go up forever.
Currently, Bitcoin is like a 2 trillion dollar asset class right? And this is also from Jesse Myers onceinaspecies.com.
And the reason why this is important is currently the whole world’s economy is 900 trillion dollars, right? And
what we have our eyes on is real estate. So real estate is, you know, most people don’t really just use real estate as a place to live right? Otherwise, you just rent. People use it for a long term store of value.
So, for example, if you’re a really really rich family from New York City, you own, like 10 square blocks in Manhattan, and, you know, does your descendants sell, a square block to buy himself a few Ferraris. No, that that would be a bad strategy. So the the tip I have for any single person trying to build intergenerational wealth. Keep it simple. Only one rule. You don’t sell the Bitcoin. If you face extreme poverty or financial distress, I don’t know, become an Uber driver or something. Pay the bills, but don’t sell the Bitcoin.
Currently I think we’re going to see is Bitcoin is just going to take over the gold market, which is 16 trillion dollars, maybe the cars and collectible art market.
Now, a big thought is this is from Michael Saylor is that all these assets on the planet– some of half of it is to provide utility. Right? So, for example, you need you need somewhere to live right? That provides utility.
But then, again, some of it is to preserve capital right?
So this is the tricky kind of low-key scam I think exist, we try to get suckered into buying a single-family home, or even worth a condo, because simply that is what one does, and this inaccurate rhetoric about these scumbag landlords, and that your essentially pissing away your money and your wealth because you’re paying off their mortgage, rather than building equity in yourself.
Now this might’ve been accurate like 100 years ago, or 15 years ago before bitcoin was invented.
But once again, if a huge paradigm fundamental shift happens, obviously you should not use past technologies because it is no longer pertinent.
For example, you see it today. In the year 2024, we already have the Tesla model S plaid, which will destroy any other mainstream car on the planet, even if it’s like $10 million. Yet why don’t people just go fully electric for electric vehicle sports or hyper cars? Once again people are stuck in old analogies.
This past weekend, we had the privilege of doing a home exchange, and staying in this really really amazing home in the mountains overlooking the San Diego coastline, I woke up every morning enjoying my morning coffee, with a window next to me, overlooking some beautiful Torrey Pines, and also having the privilege of having the light directly enter through the window and hit my face.
And also, going to the patio, to overlook in the ocean first thing in the morning, with the light directly on me. 
It was kind of like my dream house or home, I always had this vision of having maximum natural light in the house, the living room and the kitchen, floor to ceiling windows etc. And now having experienced it, for four mornings in a row, I could say it was phenomenal, but still… Not really worth $2 million or whatever.
so, I’m born in 1988, and I could probably say that I’m a millennial. Yet the tricky thing is that we’re kind of in a weird spot right now; currently there is a pressure to buy a single-family home?
I think things changed after Covid, like nobody was interested in homeownership, everyone wanted to travel to Japan and be off the grid, become a digital or a cyber nomad etc.
Everyone wants this nebulous notion of “financial independence.†What is financial independence? Bitcoin!
My simple thought about financial independence is not being held down by anything, whether that be homeownership, land ownership, condo ownership, car ownership etc. Because you become like an indentured servant a slave a sharecropper to your land. Why? If you’re going to have to pay property tax like $1500 a month, plus home insurance stuff etc. costing you maybe $2300 a month, and also a mortgage which might in total cost you about $7000 a month, this seems like slavery.
> Home ownership is the new share cropping.
Also a subtle nuance I’ve discovered, is that there is actually some sort of low-key shame about renting? No! If you have a good landlord, rent control and live in a desirable neighborhood, this is like the smartest economic leverage you can make! 
Perhaps one of my most beneficial things of studying sociology is wiping the slate clean, thinking things anew and afresh. 
In fact, the number one thing that you learn is sociology is to always challenge societal norms and assumptions; taking it back to first principles, social first principles, sociological first principles. 
Once again, the ground truth for much of society is that if you want the ability happiness and smartness, you must have stability, you must own a single-family home, you must own a home or property.
But once again this ideology was invented before the internet, iPhones, and $50 android devices. And certainly before Bitcoin!
Do you remember, in the early days of Facebook. It was only it was only university students with an “.edu†address were allowed to join. Then they opened up to everybody, and the network effect of Facebook is that if you have Facebook and I have Facebook, then Facebook instantly becomes more valuable to both of us, because I can now share my photos with you, you could tag me in your photos and vice versa.
Also if your friends friends also have Facebook, it becomes much more valuable to everyone.
The same thing goes with the iPhone and FaceTime. I used to be a diehard android guy, but now I’m all iCloud everything. It makes life so much easier, and also because I wanted to get my mom off of the stupid Kakaotalk, I got my mom an iPhone, and now our whole family has iMessage which makes like way easier.
Bitcoin is the killer app. Bitcoin is like metaphorical FaceTime for all 8 billion people on the planet. 
And so Bitcoin is going to be the same thing as more and more people are going to continue to download Coinbase or whatevs. And also my optimistic thought is, if Apple doesn’t want to become irrelevant, it’s I’m very certain the next 5 to 10 years Apple is going to have their own
Bitcoin storage thing in your icloud account. It makes sense right. They have apple pay. They have the apple wallet. Essentially Apple is the new bank. And so now, when they do like a you know, a 3 device authentication for your bitcoins through your iphone, your ipad and your macbook pro whatevers. It’s actually it might actually be one of the most safe ways to store your bitcoins.
The reason why the mainstream media they doesn’t like to talk about microstrategy is that it’s still a little bit too weird and bizarre. And it’s not as buzzworthy as AI, because, okay, people like to think of this like evil Terminator AI, the idea that AI is going to take over the world.
Bitcoin doesn’t have the same doomsday view; for example you never think of bitcoin like being an android walking around, taking over the planet.
AI gets a lot more buzz, because James Cameron and the Terminator made it so cinematic.
For so long people thought that Bitcoin was a Ponzi scheme right. No one ever thought that AI was a Ponzi scheme. So AI always catches the headlines.
But look at microstrategy, look at the best performing stock on the human unit in the human universe over 3x.
For example, people always talk about Nvidia, but micro strategies out performing Nvidia by almost 3X! down the line Nvidia is destroying Tesla. And after that, nobody is even relevant.
So my practical physics-based thought is that the reason why AI Nvidia, producing computer chips, self driving cars and cybertrucks is so difficult is that you’re still stuck in the realm of physics. To build 1 million cybertrucks is difficult, and also, building 1 billion micro processing chips is also difficult. You are subjected to the laws of entropy, chaos, supply chain issues, Rare earth minerals, regulations, and physical heat loss etc.
What is so amazing about bitcoin is that because it exists in cyberspace, yet is also real, it is not really bound by the same laws of physics. There is no heat loss in a bitcoin, and also it is immortal.
For example, a cybertruck might last 100 years, a bitcoin will last 100 trillion years and beyond. 
Invest in cyber!
I used to be anti-Donald Trump, but now I’m super for Donald Trump and his whole family. Also for ERIC Trump. Who hilariously has the same name as me.
Anyways, just watched Donald Trump’s Nashville presentation he quotes Michael sailor directly, never sell your bitcoin.
Donald Trump is super super pro bitcoin.
There will be no more World War III, the only future war will be a cyber warfare, maybe like bitcoin warfare.
I am quite certain that America will lead the charge in the crypto bitcoin revolution. 
Assuming that America really wants to control the future. I think the America purchasing 6 million bitcoins is not fully out of this this planet.
The American ethos is we always want to be the best, to control everything. Wouldn’t it make sense for us to own like 25% of the bitcoin network? Ideally more?
Everyone wants to build wealth. Everyone wants to be intelligent with their investing. It doesn’t matter if you’re a nonprofit, a charity, a church, Mother Teresa, like every single organization, will always need money. Capital. If you have an endowment, you know, for Harvard, Yale, Princeton, Stanford Brown University. Whatever even the UC’s– everyone needs money and capital.
Even for the people who seem to be the most disinterested in money, my funny irony that I’ve noticed is that the people who critique money, money rich money greedy people, they are the ones who often complain the most about their own financial distress.
Therefore, wealth will benefit everybody, it will benefit you, your enemy, your friends your family.
I don’t like to think too much about the macro, because I’m not an institutional investor. I just think about myself, my family, my best friends, my squad. So the goal is building personal family wealth and how to intelligently invest.
So a lot of people talk about timing. The ideal is people don’t want to “overpay†for bitcoin, and they want to find a good time to buy.
My personal thought is it is always a good time to buy Bitcoin. At the highs the lows the mids etc. If you go to saylortracker.com, you’ll see the Michael Saylor and MicroStrategy has purchased bitcoin like over 45 times, like 45 distinct events, at the highs the lows the mids, the crashes the highs etc. 
For myself too, whenever I gain any access to money or capital, I immediately purchase more bitcoins, irregardless of the price. If anything I am more opportunistic when I see the price dip a bit, this is when I get greedy in a virtuous way. 
So recently I bought some more Bitcoin at $100,000. Right then it dipped down to 90,000 to 88,000 hit 103,000 again, and so I’m pretty sure that in 10-20 years I’m going to be buying Bitcoin at 1 million, a Bitcoin, 10 million dollars a Bitcoin, 55 million dollars a Bitcoin, whatever is right, and because if you do the simple math, just think at least 4 years ahead, right?
So if I could tell you with 100% certainty that Bitcoin is going to be $1.2 million a Bitcoin in 4 years, as long as you’re buying it for less than a million dollars a coin you’re getting a good deal! You’re going to be in the green like it’s it’s kind of a a good bet, right?
Good greed vs bad greed?
And actually, also, ironically, my personal thought is
chasing gains is a good thing, but also it’s it’s a good idea to not get “greedy†in the sense of maximizing your gains.
So for example, what’s the difference between getting a 38% yield and a 32% yield? The difference is nominal.
Don’t worry so much about maximization, because even a lot of what I thought my trades were bad 2 years ago ended up being right.
So as investors, we have to think at least 4, 10, 20, 40, 50 years ahead of us. So don’t worry so much about the the short term performance.
There’s a lots of different blends.
First you could just put 100% of your capital directly in bitcoin, just using Coinbase or whatever.
Another strategy is just putting 100% of your money into microstrategy stock directly. 
My personal suggestion is put 80% of your wealth into Bitcoin and 20% of your wealth into microstrategy MSTR stock.
The reason why I think this is a good split and a good ratio is that technically bitcoin is a lot safer than microstrategy. But, it is good to leverage the nuclear reactor of microstrategy, and not only that, I love Michael Saylor! He is the only living man on the planet besides my friends and family that I love; because he has made me richer than I could have ever possibly have imagined, has brought happiness joy peace and prosperity to my family, to my relationship with Cindy, and also for the bright future of our family and Seneca.
So whatever allotment you decide to put into bitcoin versus microstrategy, let us just focus on the microstrategy stock. 
To keep number simple let us say that I have $150,000 worth of microstrategy MSTR stock. And let us say that micro strategy climbs to around to be worth $200,000. Well then do is sell about $50,000 worth of the stock, transfer that to my bank account, and then purchase bitcoins worth $50,000 using my Coinbase account which is linked to my checking account.
I call this double profits. 
Let us say that you are like a single millennial who wants to live off the grid, ideally you would just live somewhere that is super super cheap, like Cambodia Thailand Vietnam Laos, somewhere in Southeast Asia. Ideally you would not spend much for your living expenses.
Let us say that you relocate to Vietnam and your entire expenses including your rent utilities eating out food coffee etc. is like $1000 a month.
But then you do is at the every month when your bills are due, you just sell about $1000 worth of microstrategy stock, pay your bills and keep the rest!
To me this is like the smartest idea of all time because in theory, you will never run out of money!
This could also work if you live in the states, but once again friends, let us keep our living expenses to the bare minimum. I encourage everyone to rent. Why? Renting will always be cheaper than owning a single-family home or a condo, and you could just use all of the excess money to buy more bitcoins!
I believe that the desired identity is to be an investor. We want to think about 10, 20, 30 40-50 years ahead of us.
A trader (or even worse,a day trader) is a bunch of these, like 20 year old high testosterone degenerates, you know, single, you know, maybe addicted drugs, or whatever right, who just want to like look cool. I made a billion dollars in a month by using all these complicated statistical models. Blah! Blah! Right? But you don’t want to be a trader or a day trader. You don’t want to be a trader because essentially nobody could time the market. Not even God could time the market.
What a speculator is people who invest in meme coins. So a meme coin is like buying a Dogecoin or shiba Inu, that the reason why these are not you should not do this is that it is extremely dangerous. You’re going to lose all your money, and it requires a charismatic leader to support it.
So Dogecoin, right? Dogecoin is essentially elon musk coin.
If one day Elon musk tweets. Ha! Ha! Doge was just a joke all along, right. It’s not worth anything. The value of it will plummet to 0, or if once again, Elon dies in a a robo taxi the The value of dogecoin is going to go to 0, whereas if Elon Musk dies, you know Bitcoin is going to still keep going up forever.
We’re investors.

Somebody asked about monetary inflation. There’s this thing called the M2 monetary supply — the rate of monetary inflation and dollar printing.
You’re going to have to exceed at least 13% to 15% to
not lose money. So, for example, let us say, you have a billion dollars of US dollars in your checking account. You’re going to be bled to death. So in a year, your 1 billion dollars is going to shrink to 750 million down to 500 million, to 350 million. And essentially, you’re going to get a point where your money is worthless.
And already we see this right now. So currently, the price of real estate, single family homes is exploding. But this is my critical view– how much of that is that the value of a single family house is higher versus our US. Dollars are just simply worthless or being worth less?
So let us say that the minimum wage goes from $15 an hour to $20 an hour overnight for a Mcdonald’s worker. You instantly see 25% inflation. So your $1 million dollars in the bank is now worth only $750,000.
The real real rich people store less than 1% of their wealth in Us. Dollars in their checking account. You’re not gonna have Jeff Bezos bragging to other people that he has $10 billion dollars of US dollars in his checking account. No, it’s it’s all going to be in you know, stocks, or, you know, real estate. And actually, ideally, Bitcoin. Cyber cyber capital.
Follow @saylor, Michael Saylor on TwitterX, Michael.com, watch all of the Michael Saylor interviews in reverse (most recent, then trending backwards). I feel like from listening to Michael Saylor alone I got like a double PhD in physics and monetary theory.
Ultimately the path forward is to just keep buying more bitcoins, and never selling it.
I also then encourage you to think more critically about like life in the backwards; if you’re already worth $100 million, or $1 billion, then what? How do you want to live your life? What do you want to do, what don’t you want to do? This is the next step forward!
ERIC
Why? Save money and buy Bitcoin!
So the Bitcoin revolution, the revolution will be televised. So, starting off.
First, what is Bitcoin? Why does it matter?
So I think the 1st important critical thing is trying to consider and think you know what is Bitcoin we’ve all heard about in the news we heard about Bitcoin as being a Ponzi scheme, a pyramid scheme. And honestly, my mom has gone through her fair share of Ponzi schemes like she she got suckered by the whole Amway scam.
I think the reason why Bitcoin is so important and critical is, Bitcoin is like the early days of the Internet. So if you go into a time machine and you could tell somebody in the past, okay, you know, in the days before email existed. Right? So okay, once one day, you know, everyone’s gonna have a supercomputer in their pocket. They’re using it to check all their bank statements. You’re going to be able to use your camera on your phone to scan your you know your checks, your bank account balances. You can use this to send money and messages and videos to everyone on the planet. Instantly everyone would have thought you were crazy.
and I think one of the biggest misconceptions about Bitcoin.
So a constructive way of thinking about bitcoin is trying to figure out what bitcoin is not.
My personal opinion is, I do not think that Bitcoin is actually cryptocurrency. I think currency is the Us. Dollar, and I think one of the biggest problems about the whole field of crypto and cryptocurrency is everyone is like a crypto anarchist, which means that they want to see the Us. Government and all the governments on the planet fail, and they can essentially live in peace and silent without interference from the Government.
Yet, you know, obviously, at the end of the day, it’s nice to have public streets. It’s nice to not get robbed in the streets. And actually, I think one of the biggest misconceptions about Bitcoin is. People think that Bitcoin is trying to replace the Us. Dollar.
But my personal thought is, Bitcoin is going to be a supplement to the Us. Dollar.
Essentially, I thought this a long time ago that essentially Bitcoin is digital gold to hedge against inflation, which means, as our money, our Us. Dollars, or our euros, or our local currencies become devalued.
The upside is, our Bitcoin will become more valuable. I think the best analogy that I got was from chairman of microstrategy mstr Michael saylor, essentially thinking that Bitcoin is is not digital currency, but digital
real estate.
So I think this analogy is better, because nobody’s on their zillow, you know, 20 times a day, checking their home prices right? And this is my mad Max Post Apocalyptic perspective. So imagine the future where there’s, you know, essentially
there’s this like nuclear fallout. And you know.
there’s no inhabitable places anywhere. And let us say, there’s only 21 million single family homes left on the planet for anybody to live. Obviously, sooner or later, you know, people are going to want somewhere to live. And so I think the best analogy, I think, is Bitcoin as digital real estate, which means that with digital real estate.
You know, a lot of people are like– I want to quickly make money off of Bitcoin. But how do I make money off of it? It’s kind of like the early days of real estate. So if you bought Manhattan in the 1600s, you know, how do you monetize it? And I still think that we’re in the very, very early days of bitcoin and institutional adoption, which means you’re going to start to see New Bitcoin products come out. So some simple thoughts. So we’ve all heard stories of Scumbag San Francisco based scumbag landlords, you know, charging an arm and a leg for their tenants, and we all hate the landlords, I think with Bitcoin we’ll become the new digital landlords, which means effectively, we will in the future be able to like rent out our Bitcoin. And you know, let’s say we have one bitcoin right, and it’s and then I think that the personal math I like to do in my head is thinking that one Bitcoin is equivalent to one single family home. So I currently live in Los Angeles, in Culver City. It’s kind of insane. A single family home. I’ve even seen some in my neighborhood for 4.4 million dollars. The average Median household single family home is around 1.7 million dollars.
So in my personal mind, where I think Bitcoin is a trillion times more valuable than physical real estate land, because you could always make more of it. It’s not a real scarcity.
A single family home, and the price of a Bitcoin should be pegged to another.
So in my mind I still think of a Bitcoin at least 1.1
1.7 2.1, maybe even 4.4 million dollars a coin. And I think this is a very very fascinating idea, because also, you know, people say, Oh, but Bitcoin is not real. Money is yeah, but like our dead, shiny rocks. Aka. Gold money either, or is fiat currency, you know pieces of paper. You cannot eat pieces of paper to to live. And I think one of the most interesting things I learned about the philosophy of money is that essentially all money is just existing in the minds and souls of men, the value for men, is all essentially subjective.
Money is not “realâ€, but subjective.
Now, what makes Bitcoin so fascinating to me is that it’s the 1st time in human existence, you had a hard cap supply of money.
So, for example, people often talk about gold, right? So the issue with gold is at the time it was the least bad form of money, because it was very, very scarce. It was difficult to find. It’s difficult to mine and transport. Yet there was lots of good properties of gold. It’s, you know, essentially it kind of lasts forever. Aesthetically, it looks beautiful, the nice yellow color of gold mimics that of the sun, and you know, at least back in the day, let’s say you had gold coins it could easily fit in your front pocket whatevers.
But now things become a lot more difficult because we’re living in the 21st century, the 22nd century you know, we would have flying car drone robo taxi, self driving car waymos. It’s like, Why are we still using an antiquated digital framework of modern day banking swift code accounts?
If you’ve ever tried to send money, you know, from the Netherlands to South Korea, to Nigeria, to Lagos whatever you find that the the whole SWIFT system is kind of like a bunch of gangster mafiosas like even my mom is currently living in South Korea.
Example if I want to just send my mom a small sum of money, it is insane,  it takes like three or four days, and the wire transfer fees like 55 bucks, I hate this. This should be done instantly. Therefore the thought of bitcoin, being able to quickly and effectively and securely transfer value across time and space without a trusted intermediary is a big big deal, a big big revolution.
So why does Bitcoin matter? It’s kind of like asking somebody why does clean water matter so one of the things I love about Michael Saylor, and I highly recommend watching all of his videos. @wsaylor. It’s essentially Twitter or X or michael.com.
He uses this analogy of sewer water. So let us say, every all 8 billion people on the planet are all drinking sewer water, and people are dying of dysentery, and people are saying, I don’t get it, you know I exercise, you know. I
you know I eat healthy exercise every day, but I’m still dying of dysentery. My kids are dying of dysentery, and so the whole issue is that if you’re drinking sewer water, no matter how healthy your lifestyle is, how virtuous you is. It don’t matter. You’re going to be, you know, dying of dysentery, or perpetually sick.
And so, if we think about these physiological terms, and apply it to Bitcoin and money and digital capital. This becomes really fascinating because my personal thought and you know, also, I grew up in a family of poverty, poverty, meaning that I thought I was going to be homeless at least 2 or 3 times. My dad was perpetually addicted to gambling with the rent money.
So what a lot of people don’t understand about growing up in poverty, and prosody is that the logical strategy that you never know when your dad is going to steal your money and gamble it away, and therefore the smart strategy is actually to spend it all right now! Because you never know when he’s going to look in your piggy bank, your personal checking account that your mom put away for your college, or even take your hard earned $3000 as a 15-year-old bus boy at your mom sushi restaurant, lying that you’re going to invest in some business, leaving to LA for about a month, gambling it away, and coming back empty.
When I think about it, this is actually super sad. Once again when I was like super super young like two years old, my mom tried to make me a savings account, like one of those checking or savings investing accounts for kids, and she might’ve had a nominal amount of money in it, like 200 or 250 bucks or something. And she told me the sad news is that one day when she checked up on it she discovered that the money was gone. Essentially my dad even stole away that $250 from my child savings account for college, once again feed his gambling addiction.
So once again, as a kid growing up, I never had this ethos or tactic of saving. Because we literally cannot come every dime that my mom made was fun into paying for groceries and rent.
Therefore I like a 15-year-old kid, my thought was I’m going to take every single penny, I can immediately go out buying some new sneakers, you know, buy some cool clothes, and I literally had $0 in my bank account.
So I think the pernicious, vicious cycle of inflation is.
You cannot blame people for not saving up capital for their future if the money itself is deflating at such a rapid pace, and so I personally think that you know Bitcoin is like giving every single person on the planet like unlimited free Fiji water, or the best alkaline hipster water whatever water you want. Essentially giving people clean water. And
a lot of people say, Yeah, but Bitcoin is not real money. It’s a okay. So I think this is a big this is a big shift for me also, personally.
My personal thought is, Bitcoin is actually more important than money.
So we should not think about money. We should think about capital. I think capital is a lot more robust and strong as a concept. So, for example, capital comes from Cap CAP. Like upon your head. K-ap. Essentially it came from the head of oxen. So if you read the Iliad, the Odyssey essentially, every time you want to appease the gods, you have to sacrifice a hectacomb, Hecta means 100 a hundred head of oxen to appease the gods.
And you know, obviously, that’s very expensive, like, can you imagine, if you know you sacrificed a hundred Lamborghinis to appease the gods, it would be quite expensive endeavor. Right?
And so, capital. We all live under Capitalism — it doesn’t matter if you’re living in Europe, Africa, Asia, America, China, and also one thing that people don’t understand is, I think, what a lot of these people, maybe 4 or 5 years ago, China is going to take over. China’s not going to take over. China is dependent on America, and effectively, the Chinese Yuan the CNY is essentially effectively pegged to the Us. Dollar and the Us. The US is essentially the world. Reserve currency and capital is what we seek, not money.
Talking about currency, so currency is like, you know, buying a Starbucks Frappuccino, or buying a in and out Burger. Right? That’s like money currency, right?
Capital is essentially long storm, long term, store of value. So it’s building generational wealth.
So one of my favorite songs from Kanye West is the off the grid songs that we off the grid grid grid this for my kid, kids, for when my kids, kids have kids.
And I think this is also the big thing is a lot of millennials, nowadays, I think the disincentive to have kids is because there’s so much fear mongering about the the future is gonna become uninhabitable, you know boil the seas or whatever. So there’s not going to be a future. So essentially, there’s a strong sense of pessimism.
But Bitcoin, to me is like solidified optimism, which means that the future is going to be glorious and great. And you know, even having Seneca right now, think about his future kids, kids, kids, or my future kids, kids, kids.
It brings me so much joy. Because the simple strategy, you just keep stacking Bitcoin until you die, and then you hand it on to your kids. Your kids give it to their kids kids. It’s like, if you owned, you know, a hundred penthouses or 10 square blocks or 20 square blocks in Manhattan, on the main island. Do you ever sell that to buy a Lamborghini? No! That’s not what one does, or liquefy it all into us dollars and brag about how many billions of dollars you have in your bank account.
Nope, that’s not the goal– you want to build capital. And traditionally it’s been real estate. But once again, real estate was a good idea. In the 16 hundreds, 17 hundreds, 18 hundreds, 19 hundreds, or 2000s. But then the subprime mortgage meltdown proved that, you know maybe it’s not always the best idea.
Real estate can go down.
And I think the hard thing is, people say, Yeah, but you know, real estate, you know, essentially, everyone needs somewhere to live, and it’s historically, the value of real estate is always going to go up forever. Now people say that the tricky thing is the pace of monetary inflation is around 15%. The best thing is to either chat Gpt or Google The M2 Money Supply. And essentially what you will find is
that the money supply is essentially a metric in which the Us. Government, or any other government on the planet, includes the euro and stuff. They keep printing more currency. And the reason why then this becomes an issue is that if you have more currency in the system that means the individual value of each unit is going to go down.
I call this the shake Shack Burger incident. So me and Seneca we used to always buy a single burger, patty, for $1.49, $1.50 … and one day we come and they say no it is $2.50, a party.
Why this makes no sense is like, yeah, we just increased the minimum wage to $20 an hour from $15 an hour. $20 an hour for fast food, and the hard thing is with minimum wage. You cannot rewind the the hands of time. If you suddenly said that the minimum wage is only $17 an hour, there will be riots. The streets would not be not be good.
So we’re all photographers, you know, street photographers, whatever. And the hard thing with digital is in our minds, digital is infinite and free. So, for example, I could take a copy of Mozart’s 5th Symphony, or whatever, as an mp3, file, and I could copy and distribute it a trillion times with 0 marginal cost right?
So this is where the notion of cyber becomes more interesting. And I’ll think about like, you know, cyber punk thinking about cyber truck.
It’s essentially once again, mathematically, cryptographically, that the hard science and the hard math is there can never be more than 21 million coins
in existence come up forever. Even if you took all the quantum ultra computers on the planet, times it by 20, you still could not produce more bitcoins. It’s just how it works right?
One Bitcoin is like one cyber-ox, and it’s immortable, immortal, indestructible. It’ll give you life forever. And there’s only gonna be 21 million of them in the future. And now and so this is your chance to get one for an extreme discount.
Let’s even say let’s say you want to buy a single family home. Let’s say it costs a million euros or whatever. Right? So if I could tell you today that you could buy a single family home for only $100,000 or €100,000 you’d be like, wow, that’s that’s the deal of a century. That’s you’re still getting a 90% discount.
And my personal thought is Bitcoin is far more valuable than real estate, because in the next 20-30 years, when essentially all the all the baby boomers, The Gen. Xers die off, and it’s the millennials and Gen. Z’s. And, alphas!
When we millennials take over, what’s interesting is that we don’t really care about physical real estate anymore. We will care about digital cyber real estate which is bitcoin. 
So my personal story, how did I get into Bitcoin? So it might seem a little bit random. It’s like, Okay, ERIC, you’re super famous for photography, street photography like, how do you get to Bitcoin like? It’s like, so random, right? But actually, it’s not very random at all, because, you know, if you’ve been following me carefully, you know the whole time, I’ve always been talking about living minimalistically, frugally, Spartan lifestyle, whatever’s. And you know now that you know I’m pretty stacked with a bitcoin and microstrategy stock mstr.
Funny enough, I’ve personally found that my lifestyle habits haven’t changed much after getting super rich, I mean, I’m a little bit more generous, maybe, like, you know, took out a friend last night to all you eat Korean barbecue
paid for her bill didn’t really even flinch.
Even a random aside, my best friend and my best man Justin, told me this when we were like in our early 20s, when we finally got good paying jobs whatever, is that the greatest joy is being able to eat out and not really feel the pain associated with having to eat out because we both grew up poor. 
I still remember even when I was undergraduate at UCLA, after our KYRIE club meeting, we would all go out to eat, and then I would see all the other guys ordering these really expensive $15 Korean barbecue gogi plates, (this was in 2006, when you could still buy a foot-long sub sandwich for five bucks), and $1.99 tacos, and $1 tacos, and me trying to save money, would force myself not to eat even though I was hungry, and my friends would ask me if I was hungry and I would lie, and say I wasn’t, while my stomach was still grumbling. 
So my personal thought with Bitcoin is, I personally wanted monetary freedom, and so long story short, so I’ll never forget this moment. So I’m born 1988. Went to UCLA as an undergrad — my roommate at the time, Kevin. It’s our junior he’s on Reddit, and I’ll never forget we’re in our studio apartment. I think I was distracted. I was doing something else. He was like Eric, you know. He’s on some subreddit, and he’s like.
“Oh, Eric, this thing called Bitcoin, and there’s this one dude who just bought two domino’s pizzas for like 10,000 bitcoins. We should just get like a hundred bucks worth of bitcoin, and just see what happens.â€
I then responded “Eh, seems like a scam†and disregarded it. No this is one bitcoin was like less than a penny, so even if me and Kevin and my roommate Kevin, just bought a hundred bitcoins at the time for funsies, right? And I had a hundred bucks right? We would each be worth at least 1.2 billion dollars.
If I had bought $100 worth of bitcoin at the time, once again we would each have about $1.2 billion in our checking accounts.
Today, I’m like, man. This was like the worst mistake of my life, right? But everything has happened as it should have happened. You know. Maybe if I had become a billionaire I’d just become some degenerate, you know. Cocaine addict on some beach somewhere in in Hawaii, and then Seneca would never been born. I would have never done my photography, world travels, whatevers.
Then my reintroduction to Bitcoin was kind of more recently when moving to LA. The cost of living is so expensive, and you know every I don’t know a single person who doesn’t want financial freedom. A long story short, I 1st heard about Bitcoin again, kind of earlier than when I was living in Vietnam around 2017, 2018, and at the time I didn’t really need Bitcoin, because our living expenses were so cheap. It was $320 bucks a month for a brand new studio apartment, fully furnished up, uplighting and the jazz right? And even at the time, passively, the income we’re making. Let’s say it’s a $1000- $2,000 a month. Let’s say it’s not even that much right, but like our whole total expenses, living expenses like maybe $600-700 a month, so I had the epiphany I’m like, I’m never going to run out of money. So already, at the age of 26 in my mind, I mentally retired right
and just more for funsies.
I met this guy named Bing in Singapore. Heard about this thing called Digibyte. Dgb, I don’t even think they’re around anymore. But at the time I’m like, Okay, I want to buy some bitcoins, buy some digibyte. How do I do this? And at the time Coinbase seemed like the best option, because it was the simplest, most minimalist to me it looked like the paypal for for Bitcoin and cryptocurrency.
For fun I bought about $25,000 worth of bitcoin, which, and Bitcoin was only about $7,000, $6,999 a bitcoin. So that was around 3.5 bitcoins. 
I then traded some bitcoin for digibyte, and I kept some bitcoin in my Coinbase account. Then the next few years I essentially saw the waves and the crashes and the dogecoins and stuff like that.
And essentially, I just kind of woke up to my guts and found out that Bitcoin was a real deal.
Some strange analogies is to me Bitcoin is almost like a new
World economic religion, I mean, people who follow Bitcoin are like fanatic. They’re zealous about it. They follow Michael Saylor like he’s like you know the prophet. You know the next prophet of Bitcoin right?
And it’s always good to invest in religions or to invest in cults like the cult of Tesla, Elon Musk apple, Steve Jobs. Whatevs, right?
Now obviously, I have financial independence now, and the only reason I’m teaching this workshop or sharing this information is, I almost feel like it’s my ethical imperative. Once again, if you could have discovered internet in the early days, or clean drinking water, I would feel that it would almost be a disservice if I did not share this information with others.
So everyone’s always about like, okay, so what is the Bitcoin gonna be worth? So there’s the open source model. Michael Saylor, I think, helped create it. It’s called the Bitcoin 21 model, I think. Right?
So 21 years from now his base case is that Bitcoin is going to be $13 million a Bitcoin. Bear case, $3 million a Bitcoin. The bull case is $49 million a Bitcoin, and note, this was in 2024 in July before Trump was announced as President, and he is ultra super pro crypto and bitcoin and also worth following, is his son Eric Trump, ironically. His name is also Eric also the funny thing. There’s a bunch of Eric’s actually in the world of Bitcoin, Eric Kim Eric Semler, of semler scientific, this other Etf guy who works for Bloomberg. His name is Eric Balconus, or something like that.
Essentially, we have an all Republican trump, pro bitcoin pro crypto, President and cabinet, whatever right?
What is really fascinating about Michael Saylor’s predictions for the future price of bitcoin is that when it was only $65,000 a bitcoin, and we were a bit uncertain about what the future of bitcoin and the president and the government would look like.
The last four years, we were all fighting an uphill battle, because the former administration was adamantly anti-crypto and anti-bitcoin. Gary Gensler who seems like a smart guy, was for some reason really anti-bitcoin and crypto? 
And so these were all written by Michael Saylor’s predictions before we had the most pro bitcoin
government of all time. So all these numbers, I think, should be inflated. So my personal thought is, I think, for the next 4 years once Trump takes office, January 20, 2025. I think this will be the craziest, best Bitcoin Bull Run of all time the next 4 years. So currently, Bitcoin’s been going up around 60% to 62% arr annual rate of return. And I think once Trump takes office, and I’m pretty sure he’s gonna buy the 1 million Bitcoins, or whatever for the strategic American Reserve.
And also I think Eric Trump, his son, is committed to having Bitcoin be at least a million in Bitcoin.
So let’s see. So my personal prediction, right? So I think Bitcoin will grow by at least 120% arr over the next 4 years. So let’s say, Bitcoin is worth around $100,000 right now. So by next year, let’s say it’s $250,000 the year after that, let’s say it’s $750,000, let’s say the year after that it’s like $1.2 million. So I think we’re on track to hit a million a bitcoin in 4 years about 10x gain. So just do the math from then.
Currently as an account measure, I now equate one bitcoin being worth one cyber truck, assuming that a cyber truck is currently around $100,000.
So the smart strategy is to take your hundred thousand dollars and invest it into bitcoin today, and you’ll see that becoming $1 million in four years. 
What that means is sell your cyber truck for $100,000, buy bitcoin, otherwise you have just done spent $1 million on your cyber loser truck.
Now, people are always asking, okay, this, you know, Bitcoin reserve strategy, you know, like, how is? And why is America going to buy the Bitcoins? Right? So we’re essentially out of physical land and real estate. Now we have to go to cyberspace right?
And it seems kind of silly, like something out of a sci-fi film. But the truth is, they’re currently the war we’re having with China and Russia. It’s it’s not physical war per se. It’s actually cyber war. So cyber security is the big big money maker. Even cyber penetration testing. Right? I think Gmail is trying to get like all these malicious actors trying to attack the Gmail servers like a million times a minute. Something crazy, right?
And if you look at the history of America, right? So, Manhattan, 1600s, the price of Manhattan. It was essentially stolen from the natives. Right? 60 guilders, right Louisiana purchase, you know, to fund Napoleon, California. Also kind of stolen from the the local Mexicans right? And also Alaska right. The the payoff was great, right, and so essentially the Bitcoin Act, the Cynthia Lummis Bill, she’s trying to get the States to buy at least a million bitcoins right? And you know even a Michael Saylor is much more aggressive. He’s like no America should at least purchase maybe 5 or 6 million bitcoins, which is 20 to 25% of the whole Bitcoin supply. And all America has to do is a free trade. They just need to sell their gold and then buy Bitcoin.
And in a recent interview that I was listening from Saylor.
super fascinating, is like essentially what he said was the super evil genius strategy of America selling her gold reserves and buying Bitcoin is that if that’s the case,
we demonetize our enemies.
You know, gold capital reserves.
So then suddenly, the the gold of the Russians, the Chinese, will go to 0, and then everyone’s going to rush into Bitcoin. And if America owns Bitcoin, it’s a good sign for the future.
And also another big thing I want to talk about. Why does America have the best economy on the planet?
So we essentially gave birth to Apple Amazon, Facebook, the magnificent 7 stocks, Netflix. And you know, people talk about China. It’s like. Okay, I don’t know a single rich mainland Chinese oligarch who doesn’t want to send their kids to the States to Harvard or Yale or Princeton, you know, buy a nice house in Palo Alto, the Bay area, or even Vancouver.
No rich mainland Chinese person actually wants to be in China, but because of capital controls, they’re kind of stuck. So once there’s going to be a mad rush to Bitcoin. That means that you, your family, your whole squad, is going to prosper now.
My friend Dante had a question about storage. So I think the hard thing with storage is okay. So how do you say this?
This is my personal philosophy. The reason I do not personally trust cold storage for myself or more of these self custody options is that I know that I am very forgetful, and my biggest fear is, let’s say, I forget my passcode, or whatever is right to the Bitcoins. And or let’s say, my kids, kids can forget it right? Then boom like, you’re gonna be out like a hundred 1 million dollars. Right? So that’s that’s not fun, right? And so personally, I think the easiest is to just, you know, store it on the cloud. So, using a trusted custodian, whether it be coinbase. I think fidelity has their own services now.
And the you know honestly, it seems like Coinbase is probably the best option,,, coinbase.com, or you just download your iphone ipad. Whatever right is that you could also get a link with your biometric apple id data, whether it be face id or thumbprint. Whatevs right? So this way, it just feels much more secure.
So for me, I would prefer an 80 to 85% optimal thing that is kind of dummy proof rather than take the 100% secure option which, because of user error, I might fail, and something that I personally learned is in terms of technology. And all these things in between
seeking the simplest, most straightforward option
that is least complicated is often the best solution.
And the reason I would be very, very wary of a lot of these people promoting, you know, buying their hardware wallets. Whatever right, everyone has a buck to make. Everyone has a bitcoin to make. Everyone wants to make a few satoshis here and there.
So they’re trying to fear monger us. Oh, you’re gonna you know, Coinbase going to get hacked. And I’m like, no, I don’t think it is. It’s like, you know, back. It’s like essentially a Us. Government backed institution, you know, it’s essentially it’s traded on the the the US Stock Exchange. It’s a American based company. I would not trust anything outside of the States.
If you’re super, you know, quant genius, autistic genius, then do all the cold storage stuff. But if in doubt, just the simplest thing is, coinbase seems to be the best.
Okay, so this is kind of my free money hack. So I call this microstrategy, strategy, mstr microstrategy versus bitcoin. And okay, so it’s very, very simple. So this becomes a philosophical debate. To say it short.
I think the ultimate goal is to own Bitcoin, he or she, or the entities which own the most Bitcoin shall win.
And so for me, philosophically, you know, let us say that you could own, you know, 20 bitcoins, or you could own 2 million dollars worth of micro strategy. Mstr. Stock. Right?
10-20, 30 years from now, right?
With MSTR you’re going to actually outperform Bitcoin. You’re actually going to make more money from microstrategy stock than Bitcoin. So Bitcoin, historically, has been 60% to 62% ARR annual rate of return MicroStrategy is almost double that 120 to 125 ARR. So if you actually want to maximize your returns, you just buy microstrategy stock mstr.
The issues is, you know let us say that Michael Saylor gets shot. He gets killed. He dies in a Cybertruck self driving accident whatever. Right? Then, it’s probably not going to be the world’s best future for microstrategy. So it’s actually much more risky.
If you want the least risky option, just put all your money into Bitcoin.
And some millennial living strategies. Right? So the the simplest strategy I have, I call it the Spartan strategy. This is why I personally follow. Is you essentially try to live as minimally and frugally and sparse as you can, and just put literally 90% of your income into bitcoin.
And a free money hack I discovered. So, for example, let’s say you have $150,000 or €150,000. Right? And you know I’m not 100% sure how it works if you’re a European.
Anyways what you do is you buy microstrategy stock. So let’s say you buy, you know, $100,000 or $150,000 worth of it right? And Mstr, and you use fidelity, or robinhood, or whatever trading app you have. Right.
And the strategy is simple.
Let us say the base case is $150,000. Let’s say your microstrategy stock value then goes up to $200,000. Right?
You sell $50,000 worth of it, and then you just transfer that to your bank account, and then your bank account is linked with your coinbase account. Then you just buy the Bitcoin — rinse and repeat.
So very, very impressive over the last 3 months, I started with initial seed capital of around $150,000 in microstrategy stock, off of that $150,000 right and I haven’t even touched my principal. I yielded $242,000
off of that initial $150,000. Once again I didn’t touch any of my principal. So essentially I made a free $240,000 dollars … in just 3 months!
And also for traditional Roth, Roth, Ira retirement accounts. I put everything into microstrategy stock, and it had already like 3x’d.
For example, My roth, Ira, just kind of randomly was like was $78,000, and then the course of 3 months it’s like now, $230,000. It peaked at around $300,000. So it’s going to be a good future.
So the the very simple strategy– cut and reduce your expenses to a bare minimum.
So let us say you’re able to get down your living expenses to let’s say you know, $5,000 bucks a month or €5,000 a month. Right? the point isn’t to just make a bunch of money and just go out and buy the Lambo. The the goal is actually to continue to live frugally. If anything live more frugally.
So the funny paradox here is that when people say they want to become a millionaire, but they’re really mean to say is I want to spend $1 million. 
But the funny thing is the second you go out and you spend $1 million, you then become worth zero dollars.
So actually, the game then is to stack your capital indefinitely and to see your numbers go up forever.
And then the hilarious thing assuming that you’re like some sort of greedy money rich person, you actually continue to live as frugally as possible, and not touch your capital. 
I think one of the wise ways to think about money is like heat loss. For example, if you’re super effing cold, do you want to seal up the window windows and the spots of your house which loses heat.
The same thing is with money and capital. You want to stop the capital loss.
So for example, the number one thing is the whole vehicle thing!
Never ever ever ever ever purchase any vehicle that requires premium gas. This is like the stupidest mistake of all time.
You continue driving your old Toyota Prius, and just pour all of your money in Bitcoin, because really the truth is and this is my philosophical thought is, there’s almost nothing worth on the planet purchasing.
Besides, Bitcoin is my philosophical thought.
The only thing worth purchasing on the planet is bitcoin. 

Also some even more super smart economic leverage.
Instead of paying an arm and a leg for rent in La or New York. Brooklyn, you just move to like Southeast Asia.
So if you move to Southeast Asia, you can live like a king, for like $300-500 bucks a month. Right? You just put all your money to Bitcoin.
So even if you had a modest savings, right, let’s say you had like $200,000, and you have microstrategy stock.
Let’s say every month of the month is rent is due, and the expenses are due right? You just sell a small portion of that stock, and it’s going to go up.
So my thought on the next 4 years, microstrategy, assuming it’s around 2x Bitcoin. I think Bitcoin is going to go up 120% ARR. I think microstrategy is going to double that 240% ARR. So just do the math.
At the end of every single month in which expenses are due, let us say it’s like $1000 bucks or something… You just sell $1000 worth of bitcoin or microstrategy stock to just afford your lifestyle. 
But ultimately my personal thought is whatever excess, money and capital you have just put it onto Bitcoin.
So the microstrategy then ends up becoming the engine or the turbocharger or the cash cow. You milk it, and you shave the cream off the top, and then you buy Bitcoin with it.
So I think the reason why to me Bitcoin is such a fascinating thing, and very exciting, is essentially Bitcoin is digital photography.
Peter Diamandis, the X prize guy. Right? You know, he talks a lot about kodak film. You know the iphone and disruption.
So actually, intuitively, as photographers and digital photographers, we should actually understand bitcoin. You know, this disruptive power about digital photography. So obviously, you have the hipsters with their mustaches and their flannels, you know, talking about the virtues of film photography.
But the truth is, digital photography is like a quadrillion times better than film photography.
And also currently, in the year 2025, incoming
digital photography is actually superior to film photography.
In the early days of digital ,,, digital photography sucked. But now, at this point, digital photography is far superior to any sort of film photography, and the only reason you should shoot film in today’s world is either as like a practice to appreciate the joys of photography. So the philosophical approach. Or you know, you’re trying to be some sort of like, you know, snobby fine art photographer and overcharge money for your photos. Then you shoot film.
Because honestly, the the fine art market, they’re always going to overvalue film photos over digital photos, because it’s more complicated. It’s more strange, right? So in the art, in the art world, the more complicated, abstruse, and complicated, you can make your art the better. But for us,
where we care about practical things, yeah, think about Bitcoin. So think about the iphone iphone pro versus your mom’s kodak Browning camera. I think the the thought is obvious. Okay.
Very simple. Just download the coinbase app. Buy Bitcoin.
If you don’t want to actually own Bitcoin, you just want to make a ton of money, just buy microstrategy stock MSTR, and use your traditional accounts.
So the tricky thing is everyone wants to be a millionaire, but instead of gaining 1 million bucks, and keeping and retaining the million bucks and growing it to 2 million, 5 million 10 million 100 million 1,000,000,000,000 etc., What most people want to do is to spend the million dollars.
In fact, a thought was whenever you watch all these movies about the glamorous life of the Wolf of Wall Street whatever, in order to fit a 90 minute segment, there needs to be some sort of ostentatious displays of wealth, huge parties, babes, yachts, Drugs, debauchery, sex, and Lamborghini countach’s. 
Never stop stacking
So, saving and building $1 million of capital, just think like money and Lego bricks, capital digital capital. 
The other day I just went to legal end with Seneca, and it was great. An interesting thing that we were doing with some of the kids in the tot lot was taking these oversized Lego bricks, and just seeing how tall of a tower you could build.
And then even the kids said the goal was to keep stacking the bricks.
So the analogy is in LEGOS is that you want to keep building your Lego tower thing as tall as possible, you never want to get rid of your bricks and throw it into the trash. Also you do not want to mess up the stability of your Lego tower, as you build it ever higher, you must also conversely build it a bit wider to support the ever-growing height.
So assuming that money, every capital measure is just like a unit of money, a unit as being a single Lego brick. And I think that is essentially what consumerism is; instead of stacking your capital instead of stacking your Lego bricks, you essentially incinerate it into the trash. 
This is actually another big philosophical thing I discovered is, what’s the difference between capitalism and consumerism.
Consumerism is actually the exact opposite of capitalism.
Capitalism is about accumulating wealth. Building your capital and not spending it. Even one of my favorite Kanye quotes is:
“White people make money don’t spend it, but I’d rather buy 80 gold chains and go ignant (ignorant)â€ï¿¼
So the pernicious thing that happens in a lot of communities, especially poor communities, is everyone takes their hard earned cash, they wasted at Vegas the strip club, on loser Louis Vuitton clothes shoes sneakers Nike sneakers, Jordans etc. 
I’ve also seen this happen with my own eyes. It happens all the time to Korean people. It happens to everybody, right?
The truck is you’re a single guy, living in a crappy apartment in K-Town with 20 other dudes, yet you drive the brand new BMW. And you’re not building any sort of generational wealth. Right?
So essentially the smart strategy is to build a capital and do not spend it. And essentially, you want to start to intelligently leverage your capital to give to your future kids or your descendants, or whatever you want to do.
The hardest thing about Bitcoin is stomaching the volatility. Bitcoin and all the crypto assets in general tend to be much more volatile than the standard stocks in the NASDAQ 100 index, maybe besides microstrategy stock. 
Now this is an important thing; a very interesting thing I saw at the San Diego children’s science center, there was a section on electricity, and there was this transformer that yielded both high voltage energy, as well as low-voltage energy which you could turn into a lightbulb.
It was interesting you just pushed a button, and you had the two lightning rods, and you would see the high voltage energy surging through it, and it looks super dangerous and powerful. And I am very certain that in the early days of Nicola Tesla, Edison, there were probably a lot of people who accidentally touched electrical wire and died.
Now even though there is a handful of people who died from miss handling electricity, it doesn’t mean that we suddenly ban electricity or fear it. Even today, the people who climbed the high ladders, fixed electricity poles, it is still a very dangerous job. But clean silent electricity might be the best innovation or technology for humans of all time.
Bitcoin is electricity. Maybe if handled incorrectly, the high volatility the high energy the high power can kill a man. But if harnessed correctly, it could be the biggest benefit to humanity of all time.
So for most people who get into bitcoin for the first time, and maybe for people who have never day traded, or traded stocks or done risky stuff, stomaching the volatility the highs and lows the ups and downs is quite frightening.
 I consider myself fortunate because I’ve been exposed to trading stocks ever since I was 15 years old, and I’m 36 now. So I guess I’ve been in the game for at least 21 years.
And also, studying stoicism, Zen, Taoism, Spartan philosophy, and hardcore one rep Max powerlifting has been good to steel my nerves, and my soul. 
The first thought is never check the price of bitcoin unless you actually plan on purchasing more. And actually, if you think about it… The price of bitcoin should never really even matter if you actually have money and plan on buying some.
An interesting thought I got from Michael Saylor is that I will keep buying the top, forever.  I will continue purchasing bitcoin at $100,000, $250,000, $1 million, $10 million, and 55 million coin.  And who knows, maybe if I live long enough I could buy bitcoin at $1.1 billion of bitcoin. 
If anything, this is actually a happy thought, if I’m privileged enough to live to be 120 or whatever, maybe I could actually live to see bitcoin hit over 1 billion a bitcoin, which means that this will be the best party of all time! Or, maybe Seneca could see it in his lifetime. 
So a lot of people ask about ethereum dogecoin shibainu etc. I think Bitcoin is the only true one.
Everything else is the false prophets. Everything else is the false coins. The immaculate conception of Bitcoin and Satoshi.
So the difficult thing is everything that is not bitcoin, require some sort of intelligence Books person or PR team. The reason why I also got off of chain-link is that I started to realize that Sergey Nazarov was just a puppet, and Vitalik Buterin is no better — perhaps even weirder.
So the hard thing about any sort of crypto asset which is not bitcoin, is if you have a real person associated to the thing… There are too many risk factors.
For example, Jared Tate, the guy who invented Digibyte (DGB), somewhere along the line went off the rails, started to talk about all these weird conspiracy theories whatever. He may be right he might be wrong he might be partially right, but the biggest issue was once this happened, the digibyte community started to try to distance themselves from him. And obviously the price of DGB crashed — and I’m not even sure that anyone supports it anymore. I haven’t checked.
So you know in the Bible when they talk about mother Mary, the immaculate conception of Jesus, and the assumption, we could actually apply a metaphor to bitcoin. I actually do think it’s very critical that she gave his gift to the world, and then disappeared forever. Even actually if you did come out today, And prove that he was Satoshi, it wouldn’t actually really matter, actually in fact, we are all Satoshi. 
Of course it is! But then again, almost everything is a cult. Cult is just short for culture. When we think about weird scientologists and Tom Cruise and whatever, the only reason why the term cult got such a bad reputation is that they demand huge financial investments, and also they apparently do strange tactics to keep you inside the cult?  Even the thing that was kind of shocking to me when I heard it was that actually if you want to be part of a synagogue, you have to pay a monthly fee?
Anyways, my thought is actually, it is a good idea to invest in cults. Investing in the cult of Apple, Steve Jobs, Tesla Elon Musk, SpaceX, etc.
If there is only one thing that makes bitcoin valuable is that it has a hard cap of 21 million bitcoins forever.
This is a big deal because Ethereum does not have a hard cap, you could actually always print more. 
Volatility is vitality. Michael Saylor.
Essentially volatility is vitality, and the more volatile the more energy the power you have, the more vitality you have.
So once again, people think of volatility as being risk. That is actually not the case. Bitcoin is going to go up forever, but it’s going to be like an extreme roller coaster and go up down, but with extreme swings it’s extreme performance.
Volatility is not risk.
Volatility is just going up and down a lot, but essentially over a long enough time span, it’s going to go up forever.
Currently, Bitcoin is like a 2 trillion dollar asset class right? And this is also from Jesse Myers onceinaspecies.com.
And the reason why this is important is currently the whole world’s economy is 900 trillion dollars, right? And
what we have our eyes on is real estate. So real estate is, you know, most people don’t really just use real estate as a place to live right? Otherwise, you just rent. People use it for a long term store of value.
So, for example, if you’re a really really rich family from New York City, you own, like 10 square blocks in Manhattan, and, you know, does your descendants sell, a square block to buy himself a few Ferraris. No, that that would be a bad strategy. So the the tip I have for any single person trying to build intergenerational wealth. Keep it simple. Only one rule. You don’t sell the Bitcoin. If you face extreme poverty or financial distress, I don’t know, become an Uber driver or something. Pay the bills, but don’t sell the Bitcoin.
Currently I think we’re going to see is Bitcoin is just going to take over the gold market, which is 16 trillion dollars, maybe the cars and collectible art market.
Now, a big thought is this is from Michael Saylor is that all these assets on the planet– some of half of it is to provide utility. Right? So, for example, you need you need somewhere to live right? That provides utility.
But then, again, some of it is to preserve capital right?
So this is the tricky kind of low-key scam I think exist, we try to get suckered into buying a single-family home, or even worth a condo, because simply that is what one does, and this inaccurate rhetoric about these scumbag landlords, and that your essentially pissing away your money and your wealth because you’re paying off their mortgage, rather than building equity in yourself.
Now this might’ve been accurate like 100 years ago, or 15 years ago before bitcoin was invented.
But once again, if a huge paradigm fundamental shift happens, obviously you should not use past technologies because it is no longer pertinent.
For example, you see it today. In the year 2024, we already have the Tesla model S plaid, which will destroy any other mainstream car on the planet, even if it’s like $10 million. Yet why don’t people just go fully electric for electric vehicle sports or hyper cars? Once again people are stuck in old analogies.
This past weekend, we had the privilege of doing a home exchange, and staying in this really really amazing home in the mountains overlooking the San Diego coastline, I woke up every morning enjoying my morning coffee, with a window next to me, overlooking some beautiful Torrey Pines, and also having the privilege of having the light directly enter through the window and hit my face.
And also, going to the patio, to overlook in the ocean first thing in the morning, with the light directly on me. 
It was kind of like my dream house or home, I always had this vision of having maximum natural light in the house, the living room and the kitchen, floor to ceiling windows etc. And now having experienced it, for four mornings in a row, I could say it was phenomenal, but still… Not really worth $2 million or whatever.
so, I’m born in 1988, and I could probably say that I’m a millennial. Yet the tricky thing is that we’re kind of in a weird spot right now; currently there is a pressure to buy a single-family home?
I think things changed after Covid, like nobody was interested in homeownership, everyone wanted to travel to Japan and be off the grid, become a digital or a cyber nomad etc.
Everyone wants this nebulous notion of “financial independence.†What is financial independence? Bitcoin!
My simple thought about financial independence is not being held down by anything, whether that be homeownership, land ownership, condo ownership, car ownership etc. Because you become like an indentured servant a slave a sharecropper to your land. Why? If you’re going to have to pay property tax like $1500 a month, plus home insurance stuff etc. costing you maybe $2300 a month, and also a mortgage which might in total cost you about $7000 a month, this seems like slavery.
> Home ownership is the new share cropping.
Also a subtle nuance I’ve discovered, is that there is actually some sort of low-key shame about renting? No! If you have a good landlord, rent control and live in a desirable neighborhood, this is like the smartest economic leverage you can make! 
Perhaps one of my most beneficial things of studying sociology is wiping the slate clean, thinking things anew and afresh. 
In fact, the number one thing that you learn is sociology is to always challenge societal norms and assumptions; taking it back to first principles, social first principles, sociological first principles. 
Once again, the ground truth for much of society is that if you want the ability happiness and smartness, you must have stability, you must own a single-family home, you must own a home or property.
But once again this ideology was invented before the internet, iPhones, and $50 android devices. And certainly before Bitcoin!
Do you remember, in the early days of Facebook. It was only it was only university students with an “.edu†address were allowed to join. Then they opened up to everybody, and the network effect of Facebook is that if you have Facebook and I have Facebook, then Facebook instantly becomes more valuable to both of us, because I can now share my photos with you, you could tag me in your photos and vice versa.
Also if your friends friends also have Facebook, it becomes much more valuable to everyone.
The same thing goes with the iPhone and FaceTime. I used to be a diehard android guy, but now I’m all iCloud everything. It makes life so much easier, and also because I wanted to get my mom off of the stupid Kakaotalk, I got my mom an iPhone, and now our whole family has iMessage which makes like way easier.
Bitcoin is the killer app. Bitcoin is like metaphorical FaceTime for all 8 billion people on the planet. 
And so Bitcoin is going to be the same thing as more and more people are going to continue to download Coinbase or whatevs. And also my optimistic thought is, if Apple doesn’t want to become irrelevant, it’s I’m very certain the next 5 to 10 years Apple is going to have their own
Bitcoin storage thing in your icloud account. It makes sense right. They have apple pay. They have the apple wallet. Essentially Apple is the new bank. And so now, when they do like a you know, a 3 device authentication for your bitcoins through your iphone, your ipad and your macbook pro whatevers. It’s actually it might actually be one of the most safe ways to store your bitcoins.
The reason why the mainstream media they doesn’t like to talk about microstrategy is that it’s still a little bit too weird and bizarre. And it’s not as buzzworthy as AI, because, okay, people like to think of this like evil Terminator AI, the idea that AI is going to take over the world.
Bitcoin doesn’t have the same doomsday view; for example you never think of bitcoin like being an android walking around, taking over the planet.
AI gets a lot more buzz, because James Cameron and the Terminator made it so cinematic.
For so long people thought that Bitcoin was a Ponzi scheme right. No one ever thought that AI was a Ponzi scheme. So AI always catches the headlines.
But look at microstrategy, look at the best performing stock on the human unit in the human universe over 3x.
For example, people always talk about Nvidia, but micro strategies out performing Nvidia by almost 3X! down the line Nvidia is destroying Tesla. And after that, nobody is even relevant.
So my practical physics-based thought is that the reason why AI Nvidia, producing computer chips, self driving cars and cybertrucks is so difficult is that you’re still stuck in the realm of physics. To build 1 million cybertrucks is difficult, and also, building 1 billion micro processing chips is also difficult. You are subjected to the laws of entropy, chaos, supply chain issues, Rare earth minerals, regulations, and physical heat loss etc.
What is so amazing about bitcoin is that because it exists in cyberspace, yet is also real, it is not really bound by the same laws of physics. There is no heat loss in a bitcoin, and also it is immortal.
For example, a cybertruck might last 100 years, a bitcoin will last 100 trillion years and beyond. 
Invest in cyber!
I used to be anti-Donald Trump, but now I’m super for Donald Trump and his whole family. Also for ERIC Trump. Who hilariously has the same name as me.
Anyways, just watched Donald Trump’s Nashville presentation he quotes Michael sailor directly, never sell your bitcoin.
Donald Trump is super super pro bitcoin.
There will be no more World War III, the only future war will be a cyber warfare, maybe like bitcoin warfare.
I am quite certain that America will lead the charge in the crypto bitcoin revolution. 
Assuming that America really wants to control the future. I think the America purchasing 6 million bitcoins is not fully out of this this planet.
The American ethos is we always want to be the best, to control everything. Wouldn’t it make sense for us to own like 25% of the bitcoin network? Ideally more?
Everyone wants to build wealth. Everyone wants to be intelligent with their investing. It doesn’t matter if you’re a nonprofit, a charity, a church, Mother Teresa, like every single organization, will always need money. Capital. If you have an endowment, you know, for Harvard, Yale, Princeton, Stanford Brown University. Whatever even the UC’s– everyone needs money and capital.
Even for the people who seem to be the most disinterested in money, my funny irony that I’ve noticed is that the people who critique money, money rich money greedy people, they are the ones who often complain the most about their own financial distress.
Therefore, wealth will benefit everybody, it will benefit you, your enemy, your friends your family.
I don’t like to think too much about the macro, because I’m not an institutional investor. I just think about myself, my family, my best friends, my squad. So the goal is building personal family wealth and how to intelligently invest.
So a lot of people talk about timing. The ideal is people don’t want to “overpay†for bitcoin, and they want to find a good time to buy.
My personal thought is it is always a good time to buy Bitcoin. At the highs the lows the mids etc. If you go to saylortracker.com, you’ll see the Michael Saylor and MicroStrategy has purchased bitcoin like over 45 times, like 45 distinct events, at the highs the lows the mids, the crashes the highs etc. 
For myself too, whenever I gain any access to money or capital, I immediately purchase more bitcoins, irregardless of the price. If anything I am more opportunistic when I see the price dip a bit, this is when I get greedy in a virtuous way. 
So recently I bought some more Bitcoin at $100,000. Right then it dipped down to 90,000 to 88,000 hit 103,000 again, and so I’m pretty sure that in 10-20 years I’m going to be buying Bitcoin at 1 million, a Bitcoin, 10 million dollars a Bitcoin, 55 million dollars a Bitcoin, whatever is right, and because if you do the simple math, just think at least 4 years ahead, right?
So if I could tell you with 100% certainty that Bitcoin is going to be $1.2 million a Bitcoin in 4 years, as long as you’re buying it for less than a million dollars a coin you’re getting a good deal! You’re going to be in the green like it’s it’s kind of a a good bet, right?
Good greed vs bad greed?
And actually, also, ironically, my personal thought is
chasing gains is a good thing, but also it’s it’s a good idea to not get “greedy†in the sense of maximizing your gains.
So for example, what’s the difference between getting a 38% yield and a 32% yield? The difference is nominal.
Don’t worry so much about maximization, because even a lot of what I thought my trades were bad 2 years ago ended up being right.
So as investors, we have to think at least 4, 10, 20, 40, 50 years ahead of us. So don’t worry so much about the the short term performance.
There’s a lots of different blends.
First you could just put 100% of your capital directly in bitcoin, just using Coinbase or whatever.
Another strategy is just putting 100% of your money into microstrategy stock directly. 
My personal suggestion is put 80% of your wealth into Bitcoin and 20% of your wealth into microstrategy MSTR stock.
And once again. This is this is what you do. So let’s say, for simplicity of math. Let’s say
Let’s say you have a million dollars or a hundred $1,000, or you use whatever kind of a number you want, right? So put 20% that to microstrategy stock whenever it goes up
beyond the principal, sell some of that stock and put that into micro strategies. Sorry. Put that into Bitcoin, and or use that money to just pay your your bills. So once again what I personally did right?
$150,000 working capital into micro strategy Mstr stock. And let’s say, when it goes from worth $150,000 to $160,000. I’ll sell $10,000 worth that stock. That $10,000 gets deposited to my checking account, which is linked to my coinbase. Then I’ll just buy $10,000 worth of bitcoin right? Or, if you need that, $10,000
for living expenses. Let’s say
you need $3,000 to pay your rent. You take $3,000 of that to pay your rent, and you put the other 7% of that into Bitcoin.
also some other definition. What’s the difference between being an investor, a trader versus speculator?
So an investor, we want to be investors. We want to think about (102) 030-4050 years ahead of us. A trader is a bunch of these, like 20 year old. High testosterone degenerates, you know, single, you know, maybe addicted drugs, or whatever right, who just want to like look cool. I made a billion dollars in a month by using all these complicated
statistical models. Blah! Blah! Right? But you don’t. You don’t want to be a trader because essentially it’s
nobody could time the market. Not even God could time the market right. And what a speculator is people who invest in meme coins. So a meme coin is like buying a Dogecoin or shiba Inu, that the reason why these are not you should not do this is that it is extremely dangerous. You’re going to lose all your money, and it requires
a charismatic leader to support it. So Dogecoin, right? Dogecoin is essentially elon musk coin right?
But if one day Elon musk tweets. Ha! Ha! Doge was just a joke all along, right. It’s not worth anything. The value of it will pump it to 0, or if once again. Elon dies in a you know a robo taxi accident. The value of dogecoin is going to go to 0, whereas if Elon Musk dies, you know Bitcoin is going to still keep going up forever. So speculator is meme coins beyond bitcoin us Bitcoiners. We’re we’re investors.
So you know, somebody also asked about, you know, monetary inflation right? So there’s this thing called the M. 2 monetary supply of the the rate rate inflation.
And once again you’re going to have to exceed at least 13% to 15% to
not lose money. So, for example, let us say, you have a billion dollars of us dollars in your checking account. Right? You’re going to be bled to death. Right? So in a year, your 1 billion dollar is going to shrink to 750 million down to 500 million, to 350 million. And essentially, you’re going to get a point where your money is worthless.
And already we see this right now. So currently, the price of real estate, single family homes is exploding. But this is my critical view. How much of that is that the value of a single family house is higher versus our Us. Dollars are just simply worthless. Right? So if you just do the same simple maths, right?
So let us say that. You know, minimum wage goes from $15 an hour to $20 an hour overnight for Mcdonald’s worker. Right? That means instantly. You see, 25% inflation. So your 1 million dollars in the bank is now worth only 750
$1,000. So yeah, once again. The real real rich people. They store less than 1% of their wealth in
Us. Dollars in their checking account like, you’re not gonna have Jeff Bezos bragging to other people that he has 10 billion dollars of us dollars in their checking account. No, it’s it’s all going to be in you know, stocks, or, you know, real estate. And actually, ideally, Bitcoin. Cyber cyber capital.
So yeah, that’s that’s essentially the the end of my presentation.
Social physics
In our modern world, we’ve been sold on the romance of homeownership. The narrative goes like this: buy a home, build wealth over time, and plant roots in a stable community. From the outside, it sounds idyllic—like the final stage in some linear, logical journey of the American Dream. But the more I think about it, the more I see a disturbing parallel lurking beneath the floorboards: the system of homeownership often functions like a new form of sharecropping.
I know it sounds extreme. But consider what sharecropping really was—tenants working a plot of land they didn’t truly own, perpetually indebted and under the thumb of absentee owners and exploitative systems. Today, countless individuals sign 30-year mortgages and become de facto sharecroppers on their own properties. Let’s break it down.
When you buy a home, do you truly own it? On paper, yes. The deed might have your name. But if you think about it deeper, the bank’s name is also there in invisible ink. You make monthly payments—often for decades—just to keep the right to remain in the home. Miss a few payments, and the bank swoops in to reclaim what was never really yours. And it’s not just the bank. The homeowner is also beholden to property taxes, homeowner associations, insurance companies, and maintenance fees that never end. Even after the mortgage is paid off, the homeowner is still tethered to non-stop obligations. The notion of “true†ownership becomes slippery at best.
In essence, it’s the property that owns you. You become chained to an endless cycle of work to finance the roof over your head. And just like sharecroppers who toiled on land owned by someone else, most new homeowners toil within a finance system designed to keep them working steadily—not to free them, but to maintain the flow of capital up the chain. The true “masters†are the financial institutions, with their compound interest and ever-complicating contracts, promising eventual freedom but offering only another list of conditions.
I’m not suggesting homeownership is inherently evil or that we should all live under a bridge. But what if we step back and ask ourselves: Why do we believe this particular arrangement is freedom? It’s sold as a milestone that confirms adulthood, stability, and prosperity. Yet, for many people—especially younger generations saddled with student debt and stagnant wages—it’s more of a trap. It locks you into a system that demands constant upkeep and finance. It transforms you from a human being with time and potential into a worker on your own property, doing the perpetual labor of sustaining a loan and its accompanying ecosystem of fees, taxes, and interest.
Enter Bitcoin: A Smarter Alternative
Now, contrast this with the idea of owning Bitcoin. Where homeownership locks you into the traditional financial system—dependent on banks, the government, and endless debt cycles—Bitcoin offers an escape. It’s not just an investment; it’s a form of ownership that’s truly independent.
Bitcoin isn’t tied to any centralized authority. There’s no mortgage lender, no property tax collector, and no homeowner’s association to micromanage your decisions. Once you own Bitcoin, you truly own it. You hold it in a secure digital wallet, free from the strings of traditional financial institutions. This autonomy stands in stark contrast to the burdens of homeownership.
Think about how homeownership is deeply rooted in inflationary economics. As governments print money to prop up their economies, the value of the dollar decreases over time. Home prices may rise, but so do the costs of everything else—materials, maintenance, taxes, and interest. Bitcoin, on the other hand, is deflationary. Its supply is capped at 21 million coins, meaning its value isn’t diluted by inflation. It’s like owning a slice of digital land that doesn’t erode or depreciate over time.
Moreover, Bitcoin offers liquidity. If you’re a homeowner and need cash, you’re stuck. Selling a home is a long, complex process, often involving fees, negotiations, and months of uncertainty. With Bitcoin, you can sell or transfer value instantly, anytime, anywhere. It’s portable wealth—something a house could never be.
Bitcoin as the Better Hedge
Many people argue that owning a home is a hedge against financial instability. But this is where Bitcoin truly shines. While a house ties you to a single location and a mountain of financial obligations, Bitcoin provides global flexibility. In a world that’s increasingly volatile—economically, politically, and socially—Bitcoin allows you to move your wealth across borders, free from interference.
Consider this: a house can be seized, taxed, or damaged. Bitcoin, stored securely, can’t be touched by governments or banks. It’s immune to foreclosure and unaffected by local economic downturns. It’s not just a hedge—it’s sovereignty.
Building Wealth Without the Chains
The argument for homeownership has always been about building wealth over time. But is it the best way? Owning Bitcoin challenges this assumption. Over the past decade, Bitcoin has outperformed nearly every asset class, including real estate. Its growth has created opportunities for wealth accumulation that far surpass the incremental gains of a home’s appreciation—especially when you factor in the costs of mortgages, taxes, and maintenance.
And unlike homeownership, Bitcoin doesn’t tie you down. You can own Bitcoin while renting, traveling, or living a minimalist lifestyle. It’s an asset that aligns with modern values—flexibility, independence, and global citizenship.
Reimagining the Dream
The traditional narrative says you need to own a home to have stability and success. But what if that’s just a relic of an old system? What if we reimagine wealth as something that doesn’t chain us to a piece of property or a debt cycle, but instead empowers us to live freely and adapt to a rapidly changing world?
Owning Bitcoin is like opting out of sharecropping. It’s about rejecting a system designed to keep you tethered to endless obligations and embracing one that prioritizes autonomy and long-term growth. It’s about asking yourself: Do you want to own something that truly gives you freedom, or do you want to be owned by the system?
As we step into the future, it’s time to question whether the old dream of homeownership still makes sense. Perhaps the smarter, freer path lies in digital ownership, in assets like Bitcoin that offer true independence. After all, the goal isn’t just to build wealth—it’s to live a life unburdened by invisible chains.
“Why Homeownership is Like the New Sharecroppingâ€
In our modern world, we’ve been sold on the romance of homeownership. The narrative goes like this: buy a home, build wealth over time, and finally plant roots in a stable community. From the outside, it sounds idyllic—like the final stage in some linear, logical journey of the American Dream. But the more I think about it, the more I see a disturbing parallel lurking beneath the floorboards: the system of homeownership often functions like a new form of sharecropping.
I know it sounds extreme. But consider what sharecropping really was—tenants working a plot of land they didn’t truly own, perpetually indebted and under the thumb of absentee owners and exploitative systems. Today, countless individuals sign 30-year mortgages and become de facto sharecroppers on their own properties. Let’s break it down.
When you buy a home, do you truly own it? On paper, yes. The deed might have your name. But if you think about it deeper, the bank’s name is also there in invisible ink. You make monthly payments—often for decades—just to keep the right to remain in the home. Miss a few payments, and the bank swoops in to reclaim what was never really yours. And it’s not just the bank. The homeowner is also beholden to property taxes, homeowner associations, insurance companies, and maintenance fees that never end. Even after the mortgage is paid off, the homeowner is still tethered to non-stop obligations. The notion of “true†ownership becomes slippery at best.
In essence, it’s the property that owns you. You become chained to an endless cycle of work to finance the roof over your head. And just like sharecroppers who toiled on land owned by someone else, most new homeowners toil within a finance system designed to keep them working steadily—not to free them, but to maintain the flow of capital up the chain. The true “masters†are the financial institutions, with their compound interest and ever-complicating contracts, promising eventual freedom but offering only another list of conditions.
I’m not suggesting homeownership is inherently evil or that we should all live under a bridge. But what if we step back and ask ourselves: Why do we believe this particular arrangement is freedom? It’s sold as a milestone that confirms adulthood, stability, and prosperity. Yet, for many people—especially younger generations saddled with student debt and stagnant wages—it’s more of a trap. It locks you into a system that demands constant upkeep and finance. It transforms you from a human being with time and potential into a worker on your own property, doing the perpetual labor of sustaining a loan and its accompanying ecosystem of fees, taxes, and interest.
Think of it from a more philosophical perspective: as humans, we crave freedom. We want to be masters of our own fate. Yet, the financial reality of modern homeownership often reduces our agency. It conditions us to accept that long-term debt is natural, even desirable. It nudges us into lifestyles that revolve around maintaining and defending these properties. Instead of being liberated by a home, we become its caretaker, gardener, repairperson, bookkeeper, and security guard. Each role tethers us further to a system of continuous labor—just like a sharecropper on someone else’s field, always paying off what never seems to end.
The question is: Is there a better way? Perhaps we need to reimagine what it means to have shelter, community, and stability. Maybe instead of mortgaging our futures on a single piece of property, we seek flexibility, mobility, and alternative forms of housing. The sharing economy, co-living, or more community-centric models might allow more true ownership—of our time, our freedom, our happiness—than a big house and a bigger mortgage ever could.
So, before signing your life away to a 30-year agreement and sinking your existence into the drywall and lawn maintenance, pause. Reflect. Ask yourself who really benefits from this system. Understand that homeownership, as it stands, may just be a new chapter in an old story of people locked into cycles of labor, tied to the land they don’t fully control. It’s sharecropping with a glossier veneer.
Recognize the illusion. By doing so, you might find the courage to explore new ways of living that are more aligned with your values, your freedom, and your creative spirit.
…
Homeownership has long been heralded as the pinnacle of the American Dream: a symbol of stability, autonomy, and financial success. But beneath its polished veneer lies a darker reality. Today, homeownership increasingly resembles a modern form of sharecropping—an endless cycle of labor and indebtedness dressed up as freedom. Much like the sharecroppers of the Reconstruction Era, modern homeowners find themselves trapped in a system that extracts value from their labor while denying them real ownership or independence.
The Illusion of Ownership
In America, we’re sold the narrative that owning a home is synonymous with “making it.†You work hard, save up for the down payment, and sign the papers. But let’s pause here: what are you really “owning� Until the mortgage is paid off—decades down the road—you’re effectively renting your home from the bank. Miss a payment, and your so-called asset can be yanked away.
Here’s the kicker: even if you manage to pay off your mortgage, you’re still not truly free. Property taxes, maintenance costs, and the ceaseless pressure to “upgrade†your space tether you to an endless financial grind. The system ensures that your home is never a true asset, but rather a liability that demands constant feeding. In this way, homeownership is less about autonomy and more about servitude.
Sharecropping by Another Name
To understand how homeownership mirrors sharecropping, we need to revisit history. Sharecropping emerged in the post-Civil War South as a system designed to perpetuate economic dependency. Freed Black Americans and poor white farmers were offered land to farm, but the terms were rigged: they had to rent the land, borrow tools and seeds, and give a large portion of their crop back to the landowner. The result? A cycle of debt and dependency that was nearly impossible to escape.
Modern homeownership functions similarly. Banks and developers are today’s landowners, and the “crops†are your mortgage payments, property taxes, and the endless upgrades needed to keep your home’s value afloat. Think about it: you don’t really control your home; the bank does. And much like sharecropping, the system is designed to extract wealth from your labor while keeping you tethered to debt.
The Psychological Trap
What makes this modern system so insidious is the psychological manipulation. You’re told that a home is an “investment,†a surefire way to build generational wealth. But for most people, their home isn’t an appreciating asset—it’s a depreciating sinkhole of costs. Roof repairs, HVAC replacements, rising insurance premiums: these aren’t optional expenses; they’re mandates. Your labor—whether in the form of money or physical maintenance—feeds a system that ensures you can never truly relax.
Moreover, the culture of homeownership creates a sense of shame around renting, even though renting often provides greater mobility and fewer financial burdens. It’s the same shame sharecroppers might have felt for not “owning†the land they worked—an emotional tool used to keep people compliant within an exploitative system.
A Call to Reframe Ownership
So what’s the solution? First, we need to abandon the romanticized notion of homeownership as a universal ideal. Ownership can mean many things: owning your time, your decisions, or your freedom from financial anxiety. Instead of chasing the illusion of property as status, we should focus on creating systems that promote true economic independence, whether through cooperative housing models, rent reform, or policies that prioritize people over profits.
In the end, the promise of homeownership as a pathway to freedom is a carefully constructed myth. Much like sharecropping, it keeps us tied to labor while the real wealth flows upward. Recognizing this is the first step toward dismantling a system designed to extract more than it gives.
As Eric Kim might say, “True ownership is freedom. And freedom isn’t something you buy—it’s something you build.â€
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So the Bitcoin revolution, the revolution will be televised. So, starting off.
First, what is Bitcoin? Why does it matter?
So I think the 1st important critical thing is trying to consider and think you know what is Bitcoin we’ve all heard about in the news we heard about Bitcoin as being a Ponzi scheme, a pyramid scheme. And honestly, my mom has gone through her fair share of Ponzi schemes like she she got suckered by the whole Amway scam.
I think the reason why Bitcoin is so important and critical is, Bitcoin is like the early days of the Internet. So if you go into a time machine and you could tell somebody in the past, okay, you know, in the days before email existed. Right? So okay, once one day, you know, everyone’s gonna have a supercomputer in their pocket. They’re using it to check all their bank statements. You’re going to be able to use your camera on your phone to scan your you know your checks, your bank account balances. You can use this to send money and messages and videos to everyone on the planet. Instantly everyone would have thought you were crazy.
and I think one of the biggest misconceptions about Bitcoin.
So a constructive way of thinking about bitcoin is trying to figure out what bitcoin is not.
My personal opinion is, I do not think that Bitcoin is actually cryptocurrency. I think currency is the Us. Dollar, and I think one of the biggest problems about the whole field of crypto and cryptocurrency is everyone is like a crypto anarchist, which means that they want to see the Us. Government and all the governments on the planet fail, and they can essentially live in peace and silent without interference from the Government.
Yet, you know, obviously, at the end of the day, it’s nice to have public streets. It’s nice to not get robbed in the streets. And actually, I think one of the biggest misconceptions about Bitcoin is. People think that Bitcoin is trying to replace the Us. Dollar.
But my personal thought is, Bitcoin is going to be a supplement to the Us. Dollar.
Essentially, I thought this a long time ago that essentially Bitcoin is digital gold to hedge against inflation, which means, as our money, our Us. Dollars, or our euros, or our local currencies become devalued.
The upside is, our Bitcoin will become more valuable. I think the best analogy that I got was from chairman of microstrategy mstr Michael saylor, essentially thinking that Bitcoin is is not digital currency, but digital
real estate.
So I think this analogy is better, because nobody’s on their zillow, you know, 20 times a day, checking their home prices right? And this is my mad Max Post Apocalyptic perspective. So imagine the future where there’s, you know, essentially
there’s this like nuclear fallout. And you know.
there’s no inhabitable places anywhere. And let us say, there’s only 21 million single family homes left on the planet for anybody to live. Obviously, sooner or later, you know, people are going to want somewhere to live. And so I think the best analogy, I think, is Bitcoin as digital real estate, which means that with digital real estate.
You know, a lot of people are like– I want to quickly make money off of Bitcoin. But how do I make money off of it? It’s kind of like the early days of real estate. So if you bought Manhattan in the 1600s, you know, how do you monetize it? And I still think that we’re in the very, very early days of bitcoin and institutional adoption, which means you’re going to start to see New Bitcoin products come out. So some simple thoughts. So we’ve all heard stories of Scumbag San Francisco based scumbag landlords, you know, charging an arm and a leg for their tenants, and we all hate the landlords, I think with Bitcoin we’ll become the new digital landlords, which means effectively, we will in the future be able to like rent out our Bitcoin. And you know, let’s say we have one bitcoin right, and it’s and then I think that the personal math I like to do in my head is thinking that one Bitcoin is equivalent to one single family home. So I currently live in Los Angeles, in Culver City. It’s kind of insane. A single family home. I’ve even seen some in my neighborhood for 4.4 million dollars. The average Median household single family home is around 1.7 million dollars.
So in my personal mind, where I think Bitcoin is a trillion times more valuable than physical real estate land, because you could always make more of it. It’s not a real scarcity.
A single family home, and the price of a Bitcoin should be pegged to another.
So in my mind I still think of a Bitcoin at least 1.1
1.7 2.1, maybe even 4.4 million dollars a coin. And I think this is a very very fascinating idea, because also, you know, people say, Oh, but Bitcoin is not real. Money is yeah, but like our dead, shiny rocks. Aka. Gold money either, or is fiat currency, you know pieces of paper. You cannot eat pieces of paper to to live. And I think one of the most interesting things I learned about the philosophy of money is that essentially all money is just existing in the minds and souls of men, the value for men, is all essentially subjective.
Money is not “realâ€, but subjective.
Now, what makes Bitcoin so fascinating to me is that it’s the 1st time in human existence, you had a hard cap supply of money.
So, for example, people often talk about gold, right? So the issue with gold is at the time it was the least bad form of money, because it was very, very scarce. It was difficult to find. It’s difficult to mine and transport. Yet there was lots of good properties of gold. It’s, you know, essentially it kind of lasts forever. Aesthetically, it looks beautiful, the nice yellow color of gold mimics that of the sun, and you know, at least back in the day, let’s say you had gold coins it could easily fit in your front pocket whatevers.
But now things become a lot more difficult because we’re living in the 21st century, the 22nd century you know, we would have flying car drone robo taxi, self driving car waymos. It’s like, Why are we still using an antiquated digital framework of modern day banking swift code accounts?
If you’ve ever tried to send money, you know, from the Netherlands to South Korea, to Nigeria, to Lagos whatever you find that the the whole SWIFT system is kind of like a bunch of gangster mafiosas like even my mom is currently living in South Korea.
Example if I want to just send my mom a small sum of money, it is insane,  it takes like three or four days, and the wire transfer fees like 55 bucks, I hate this. This should be done instantly. Therefore the thought of bitcoin, being able to quickly and effectively and securely transfer value across time and space without a trusted intermediary is a big big deal, a big big revolution.
So why does Bitcoin matter? It’s kind of like asking somebody why does clean water matter so one of the things I love about Michael Saylor, and I highly recommend watching all of his videos. @wsaylor. It’s essentially Twitter or X or michael.com.
He uses this analogy of sewer water. So let us say, every all 8 billion people on the planet are all drinking sewer water, and people are dying of dysentery, and people are saying, I don’t get it, you know I exercise, you know. I
you know I eat healthy exercise every day, but I’m still dying of dysentery. My kids are dying of dysentery, and so the whole issue is that if you’re drinking sewer water, no matter how healthy your lifestyle is, how virtuous you is. It don’t matter. You’re going to be, you know, dying of dysentery, or perpetually sick.
And so, if we think about these physiological terms, and apply it to Bitcoin and money and digital capital. This becomes really fascinating because my personal thought and you know, also, I grew up in a family of poverty, poverty, meaning that I thought I was going to be homeless at least 2 or 3 times. My dad was perpetually addicted to gambling with the rent money.
So what a lot of people don’t understand about growing up in poverty, and prosody is that the logical strategy that you never know when your dad is going to steal your money and gamble it away, and therefore the smart strategy is actually to spend it all right now! Because you never know when he’s going to look in your piggy bank, your personal checking account that your mom put away for your college, or even take your hard earned $3000 as a 15-year-old bus boy at your mom sushi restaurant, lying that you’re going to invest in some business, leaving to LA for about a month, gambling it away, and coming back empty.
When I think about it, this is actually super sad. Once again when I was like super super young like two years old, my mom tried to make me a savings account, like one of those checking or savings investing accounts for kids, and she might’ve had a nominal amount of money in it, like 200 or 250 bucks or something. And she told me the sad news is that one day when she checked up on it she discovered that the money was gone. Essentially my dad even stole away that $250 from my child savings account for college, once again feed his gambling addiction.
So once again, as a kid growing up, I never had this ethos or tactic of saving. Because we literally cannot come every dime that my mom made was fun into paying for groceries and rent.
Therefore I like a 15-year-old kid, my thought was I’m going to take every single penny, I can immediately go out buying some new sneakers, you know, buy some cool clothes, and I literally had $0 in my bank account.
So I think the pernicious, vicious cycle of inflation is.
You cannot blame people for not saving up capital for their future if the money itself is deflating at such a rapid pace, and so I personally think that you know Bitcoin is like giving every single person on the planet like unlimited free Fiji water, or the best alkaline hipster water whatever water you want. Essentially giving people clean water. And
a lot of people say, Yeah, but Bitcoin is not real money. It’s a okay. So I think this is a big this is a big shift for me also, personally.
My personal thought is, Bitcoin is actually more important than money.
So we should not think about money. We should think about capital. I think capital is a lot more robust and strong as a concept. So, for example, capital comes from Cap CAP. Like upon your head. K-ap. Essentially it came from the head of oxen. So if you read the Iliad, the Odyssey essentially, every time you want to appease the gods, you have to sacrifice a hectacomb, Hecta means 100 a hundred head of oxen to appease the gods.
And you know, obviously, that’s very expensive, like, can you imagine, if you know you sacrificed a hundred Lamborghinis to appease the gods, it would be quite expensive endeavor. Right?
And so, capital. We all live under Capitalism — it doesn’t matter if you’re living in Europe, Africa, Asia, America, China, and also one thing that people don’t understand is, I think, what a lot of these people, maybe 4 or 5 years ago, China is going to take over. China’s not going to take over. China is dependent on America, and effectively, the Chinese Yuan the CNY is essentially effectively pegged to the Us. Dollar and the Us. The US is essentially the world. Reserve currency and capital is what we seek, not money.
Talking about currency, so currency is like, you know, buying a Starbucks Frappuccino, or buying a in and out Burger. Right? That’s like money currency, right?
Capital is essentially long storm, long term, store of value. So it’s building generational wealth.
So one of my favorite songs from Kanye West is the off the grid songs that we off the grid grid grid this for my kid, kids, for when my kids, kids have kids.
And I think this is also the big thing is a lot of millennials, nowadays, I think the disincentive to have kids is because there’s so much fear mongering about the the future is gonna become uninhabitable, you know boil the seas or whatever. So there’s not going to be a future. So essentially, there’s a strong sense of pessimism.
But Bitcoin, to me is like solidified optimism, which means that the future is going to be glorious and great. And you know, even having Seneca right now, think about his future kids, kids, kids, or my future kids, kids, kids.
It brings me so much joy. Because the simple strategy, you just keep stacking Bitcoin until you die, and then you hand it on to your kids. Your kids give it to their kids kids. It’s like, if you owned, you know, a hundred penthouses or 10 square blocks or 20 square blocks in Manhattan, on the main island. Do you ever sell that to buy a Lamborghini? No! That’s not what one does, or liquefy it all into us dollars and brag about how many billions of dollars you have in your bank account.
Nope, that’s not the goal– you want to build capital. And traditionally it’s been real estate. But once again, real estate was a good idea. In the 16 hundreds, 17 hundreds, 18 hundreds, 19 hundreds, or 2000s. But then the subprime mortgage meltdown proved that, you know maybe it’s not always the best idea.
Real estate can go down.
And I think the hard thing is, people say, Yeah, but you know, real estate, you know, essentially, everyone needs somewhere to live, and it’s historically, the value of real estate is always going to go up forever. Now people say that the tricky thing is the pace of monetary inflation is around 15%. The best thing is to either chat Gpt or Google The M2 Money Supply. And essentially what you will find is
that the money supply is essentially a metric in which the Us. Government, or any other government on the planet, includes the euro and stuff. They keep printing more currency. And the reason why then this becomes an issue is that if you have more currency in the system that means the individual value of each unit is going to go down.
I call this the shake Shack Burger incident. So me and Seneca we used to always buy a single burger, patty, for $1.49, $1.50 … and one day we come and they say no it is $2.50, a party.
Why this makes no sense is like, yeah, we just increased the minimum wage to $20 an hour from $15 an hour. $20 an hour for fast food, and the hard thing is with minimum wage. You cannot rewind the the hands of time. If you suddenly said that the minimum wage is only $17 an hour, there will be riots. The streets would not be not be good.
So we’re all photographers, you know, street photographers, whatever. And the hard thing with digital is in our minds, digital is infinite and free. So, for example, I could take a copy of Mozart’s 5th Symphony, or whatever, as an mp3, file, and I could copy and distribute it a trillion times with 0 marginal cost right?
So this is where the notion of cyber becomes more interesting. And I’ll think about like, you know, cyber punk thinking about cyber truck.
It’s essentially once again, mathematically, cryptographically, that the hard science and the hard math is there can never be more than 21 million coins
in existence come up forever. Even if you took all the quantum ultra computers on the planet, times it by 20, you still could not produce more bitcoins. It’s just how it works right?
One Bitcoin is like one cyber-ox, and it’s immortable, immortal, indestructible. It’ll give you life forever. And there’s only gonna be 21 million of them in the future. And now and so this is your chance to get one for an extreme discount.
Let’s even say let’s say you want to buy a single family home. Let’s say it costs a million euros or whatever. Right? So if I could tell you today that you could buy a single family home for only $100,000 or €100,000 you’d be like, wow, that’s that’s the deal of a century. That’s you’re still getting a 90% discount.
And my personal thought is Bitcoin is far more valuable than real estate, because in the next 20-30 years, when essentially all the all the baby boomers, The Gen. Xers die off, and it’s the millennials and Gen. Z’s. And, alphas!
When we millennials take over, what’s interesting is that we don’t really care about physical real estate anymore. We will care about digital cyber real estate which is bitcoin. 
So my personal story, how did I get into Bitcoin? So it might seem a little bit random. It’s like, Okay, ERIC, you’re super famous for photography, street photography like, how do you get to Bitcoin like? It’s like, so random, right? But actually, it’s not very random at all, because, you know, if you’ve been following me carefully, you know the whole time, I’ve always been talking about living minimalistically, frugally, Spartan lifestyle, whatever’s. And you know now that you know I’m pretty stacked with a bitcoin and microstrategy stock mstr.
Funny enough, I’ve personally found that my lifestyle habits haven’t changed much after getting super rich, I mean, I’m a little bit more generous, maybe, like, you know, took out a friend last night to all you eat Korean barbecue
paid for her bill didn’t really even flinch.
Even a random aside, my best friend and my best man Justin, told me this when we were like in our early 20s, when we finally got good paying jobs whatever, is that the greatest joy is being able to eat out and not really feel the pain associated with having to eat out because we both grew up poor. 
I still remember even when I was undergraduate at UCLA, after our KYRIE club meeting, we would all go out to eat, and then I would see all the other guys ordering these really expensive $15 Korean barbecue gogi plates, (this was in 2006, when you could still buy a foot-long sub sandwich for five bucks), and $1.99 tacos, and $1 tacos, and me trying to save money, would force myself not to eat even though I was hungry, and my friends would ask me if I was hungry and I would lie, and say I wasn’t, while my stomach was still grumbling. 
So my personal thought with Bitcoin is, I personally wanted monetary freedom, and so long story short, so I’ll never forget this moment. So I’m born 1988. Went to UCLA as an undergrad — my roommate at the time, Kevin. It’s our junior he’s on Reddit, and I’ll never forget we’re in our studio apartment. I think I was distracted. I was doing something else. He was like Eric, you know. He’s on some subreddit, and he’s like.
“Oh, Eric, this thing called Bitcoin, and there’s this one dude who just bought two domino’s pizzas for like 10,000 bitcoins. We should just get like a hundred bucks worth of bitcoin, and just see what happens.â€
I then responded “Eh, seems like a scam†and disregarded it. No this is one bitcoin was like less than a penny, so even if me and Kevin and my roommate Kevin, just bought a hundred bitcoins at the time for funsies, right? And I had a hundred bucks right? We would each be worth at least 1.2 billion dollars.
If I had bought $100 worth of bitcoin at the time, once again we would each have about $1.2 billion in our checking accounts.
Today, I’m like, man. This was like the worst mistake of my life, right? But everything has happened as it should have happened. You know. Maybe if I had become a billionaire I’d just become some degenerate, you know. Cocaine addict on some beach somewhere in in Hawaii, and then Seneca would never been born. I would have never done my photography, world travels, whatevers.
Then my reintroduction to Bitcoin was kind of more recently when moving to LA. The cost of living is so expensive, and you know every I don’t know a single person who doesn’t want financial freedom. A long story short, I 1st heard about Bitcoin again, kind of earlier than when I was living in Vietnam around 2017, 2018, and at the time I didn’t really need Bitcoin, because our living expenses were so cheap. It was $320 bucks a month for a brand new studio apartment, fully furnished up, uplighting and the jazz right? And even at the time, passively, the income we’re making. Let’s say it’s a $1000- $2,000 a month. Let’s say it’s not even that much right, but like our whole total expenses, living expenses like maybe $600-700 a month, so I had the epiphany I’m like, I’m never going to run out of money. So already, at the age of 26 in my mind, I mentally retired right
and just more for funsies.
I met this guy named Bing in Singapore. Heard about this thing called Digibyte. Dgb, I don’t even think they’re around anymore. But at the time I’m like, Okay, I want to buy some bitcoins, buy some digibyte. How do I do this? And at the time Coinbase seemed like the best option, because it was the simplest, most minimalist to me it looked like the paypal for for Bitcoin and cryptocurrency.
For fun I bought about $25,000 worth of bitcoin, which, and Bitcoin was only about $7,000, $6,999 a bitcoin. So that was around 3.5 bitcoins. 
I then traded some bitcoin for digibyte, and I kept some bitcoin in my Coinbase account. Then the next few years I essentially saw the waves and the crashes and the dogecoins and stuff like that.
And essentially, I just kind of woke up to my guts and found out that Bitcoin was a real deal.
Some strange analogies is to me Bitcoin is almost like a new
World economic religion, I mean, people who follow Bitcoin are like fanatic. They’re zealous about it. They follow Michael Saylor like he’s like you know the prophet. You know the next prophet of Bitcoin right?
And it’s always good to invest in religions or to invest in cults like the cult of Tesla, Elon Musk apple, Steve Jobs. Whatevs, right?
Now obviously, I have financial independence now, and the only reason I’m teaching this workshop or sharing this information is, I almost feel like it’s my ethical imperative. Once again, if you could have discovered internet in the early days, or clean drinking water, I would feel that it would almost be a disservice if I did not share this information with others.
So everyone’s always about like, okay, so what is the Bitcoin gonna be worth? So there’s the open source model. Michael Saylor, I think, helped create it. It’s called the Bitcoin 21 model, I think. Right?
So 21 years from now his base case is that Bitcoin is going to be $13 million a Bitcoin. Bear case, $3 million a Bitcoin. The bull case is $49 million a Bitcoin, and note, this was in 2024 in July before Trump was announced as President, and he is ultra super pro crypto and bitcoin and also worth following, is his son Eric Trump, ironically. His name is also Eric also the funny thing. There’s a bunch of Eric’s actually in the world of Bitcoin, Eric Kim Eric Semler, of semler scientific, this other Etf guy who works for Bloomberg. His name is Eric Balconus, or something like that.
Essentially, we have an all Republican trump, pro bitcoin pro crypto, President and cabinet, whatever right?
What is really fascinating about Michael Saylor’s predictions for the future price of bitcoin is that when it was only $65,000 a bitcoin, and we were a bit uncertain about what the future of bitcoin and the president and the government would look like.
The last four years, we were all fighting an uphill battle, because the former administration was adamantly anti-crypto and anti-bitcoin. Gary Gensler who seems like a smart guy, was for some reason really anti-bitcoin and crypto? 
And so these were all written by Michael Saylor’s predictions before we had the most pro bitcoin
government of all time. So all these numbers, I think, should be inflated. So my personal thought is, I think, for the next 4 years once Trump takes office, January 20, 2025. I think this will be the craziest, best Bitcoin Bull Run of all time the next 4 years. So currently, Bitcoin’s been going up around 60% to 62% arr annual rate of return. And I think once Trump takes office, and I’m pretty sure he’s gonna buy the 1 million Bitcoins, or whatever for the strategic American Reserve.
And also I think Eric Trump, his son, is committed to having Bitcoin be at least a million in Bitcoin.
So let’s see. So my personal prediction, right? So I think Bitcoin will grow by at least 120% arr over the next 4 years. So let’s say, Bitcoin is worth around $100,000 right now. So by next year, let’s say it’s $250,000 the year after that, let’s say it’s $750,000, let’s say the year after that it’s like $1.2 million. So I think we’re on track to hit a million a bitcoin in 4 years about 10x gain. So just do the math from then.
Currently as an account measure, I now equate one bitcoin being worth one cyber truck, assuming that a cyber truck is currently around $100,000.
So the smart strategy is to take your hundred thousand dollars and invest it into bitcoin today, and you’ll see that becoming $1 million in four years. 
What that means is sell your cyber truck for $100,000, buy bitcoin, otherwise you have just done spent $1 million on your cyber loser truck.
Now, people are always asking, okay, this, you know, Bitcoin reserve strategy, you know, like, how is? And why is America going to buy the Bitcoins? Right? So we’re essentially out of physical land and real estate. Now we have to go to cyberspace right?
And it seems kind of silly, like something out of a sci-fi film. But the truth is, they’re currently the war we’re having with China and Russia. It’s it’s not physical war per se. It’s actually cyber war. So cyber security is the big big money maker. Even cyber penetration testing. Right? I think Gmail is trying to get like all these malicious actors trying to attack the Gmail servers like a million times a minute. Something crazy, right?
And if you look at the history of America, right? So, Manhattan, 1600s, the price of Manhattan. It was essentially stolen from the natives. Right? 60 guilders, right Louisiana purchase, you know, to fund Napoleon, California. Also kind of stolen from the the local Mexicans right? And also Alaska right. The the payoff was great, right, and so essentially the Bitcoin Act, the Cynthia Lummis Bill, she’s trying to get the States to buy at least a million bitcoins right? And you know even a Michael Saylor is much more aggressive. He’s like no America should at least purchase maybe 5 or 6 million bitcoins, which is 20 to 25% of the whole Bitcoin supply. And all America has to do is a free trade. They just need to sell their gold and then buy Bitcoin.
And in a recent interview that I was listening from Saylor.
super fascinating, is like essentially what he said was the super evil genius strategy of America selling her gold reserves and buying Bitcoin is that if that’s the case,
we demonetize our enemies.
You know, gold capital reserves.
So then suddenly, the the gold of the Russians, the Chinese, will go to 0, and then everyone’s going to rush into Bitcoin. And if America owns Bitcoin, it’s a good sign for the future.
And also another big thing I want to talk about. Why does America have the best economy on the planet?
So we essentially gave birth to Apple Amazon, Facebook, the magnificent 7 stocks, Netflix. And you know, people talk about China. It’s like. Okay, I don’t know a single rich mainland Chinese oligarch who doesn’t want to send their kids to the States to Harvard or Yale or Princeton, you know, buy a nice house in Palo Alto, the Bay area, or even Vancouver.
No rich mainland Chinese person actually wants to be in China, but because of capital controls, they’re kind of stuck. So once there’s going to be a mad rush to Bitcoin. That means that you, your family, your whole squad, is going to prosper now.
My friend Dante had a question about storage. So I think the hard thing with storage is okay. So how do you say this?
This is my personal philosophy. The reason I do not personally trust cold storage for myself or more of these self custody options is that I know that I am very forgetful, and my biggest fear is, let’s say, I forget my passcode, or whatever is right to the Bitcoins. And or let’s say, my kids, kids can forget it right? Then boom like, you’re gonna be out like a hundred 1 million dollars. Right? So that’s that’s not fun, right? And so personally, I think the easiest is to just, you know, store it on the cloud. So, using a trusted custodian, whether it be coinbase. I think fidelity has their own services now.
And the you know honestly, it seems like Coinbase is probably the best option,,, coinbase.com, or you just download your iphone ipad. Whatever right is that you could also get a link with your biometric apple id data, whether it be face id or thumbprint. Whatevs right? So this way, it just feels much more secure.
So for me, I would prefer an 80 to 85% optimal thing that is kind of dummy proof rather than take the 100% secure option which, because of user error, I might fail, and something that I personally learned is in terms of technology. And all these things in between
seeking the simplest, most straightforward option
that is least complicated is often the best solution.
And the reason I would be very, very wary of a lot of these people promoting, you know, buying their hardware wallets. Whatever right, everyone has a buck to make. Everyone has a bitcoin to make. Everyone wants to make a few satoshis here and there.
So they’re trying to fear monger us. Oh, you’re gonna you know, Coinbase going to get hacked. And I’m like, no, I don’t think it is. It’s like, you know, back. It’s like essentially a Us. Government backed institution, you know, it’s essentially it’s traded on the the the US Stock Exchange. It’s a American based company. I would not trust anything outside of the States.
If you’re super, you know, quant genius, autistic genius, then do all the cold storage stuff. But if in doubt, just the simplest thing is, coinbase seems to be the best.
Okay, so this is kind of my free money hack. So I call this microstrategy, strategy, mstr microstrategy versus bitcoin. And okay, so it’s very, very simple. So this becomes a philosophical debate. To say it short.
I think the ultimate goal is to own Bitcoin, he or she, or the entities which own the most Bitcoin shall win.
And so for me, philosophically, you know, let us say that you could own, you know, 20 bitcoins, or you could own 2 million dollars worth of micro strategy. Mstr. Stock. Right?
10-20, 30 years from now, right?
With MSTR you’re going to actually outperform Bitcoin. You’re actually going to make more money from microstrategy stock than Bitcoin. So Bitcoin, historically, has been 60% to 62% ARR annual rate of return MicroStrategy is almost double that 120 to 125 ARR. So if you actually want to maximize your returns, you just buy microstrategy stock mstr.
The issues is, you know let us say that Michael Saylor gets shot. He gets killed. He dies in a Cybertruck self driving accident whatever. Right? Then, it’s probably not going to be the world’s best future for microstrategy. So it’s actually much more risky.
If you want the least risky option, just put all your money into Bitcoin.
And some millennial living strategies. Right? So the the simplest strategy I have, I call it the Spartan strategy. This is why I personally follow. Is you essentially try to live as minimally and frugally and sparse as you can, and just put literally 90% of your income into bitcoin.
And a free money hack I discovered. So, for example, let’s say you have $150,000 or €150,000. Right? And you know I’m not 100% sure how it works if you’re a European.
Anyways what you do is you buy microstrategy stock. So let’s say you buy, you know, $100,000 or $150,000 worth of it right? And Mstr, and you use fidelity, or robinhood, or whatever trading app you have. Right.
And the strategy is simple.
Let us say the base case is $150,000. Let’s say your microstrategy stock value then goes up to $200,000. Right?
You sell $50,000 worth of it, and then you just transfer that to your bank account, and then your bank account is linked with your coinbase account. Then you just buy the Bitcoin — rinse and repeat.
So very, very impressive over the last 3 months, I started with initial seed capital of around $150,000 in microstrategy stock, off of that $150,000 right and I haven’t even touched my principal. I yielded $242,000
off of that initial $150,000. Once again I didn’t touch any of my principal. So essentially I made a free $240,000 dollars … in just 3 months!
And also for traditional Roth, Roth, Ira retirement accounts. I put everything into microstrategy stock, and it had already like 3x’d.
For example, My roth, Ira, just kind of randomly was like was $78,000, and then the course of 3 months it’s like now, $230,000. It peaked at around $300,000. So it’s going to be a good future.
So the the very simple strategy– cut and reduce your expenses to a bare minimum.
So let us say you’re able to get down your living expenses to let’s say you know, $5,000 bucks a month or €5,000 a month. Right? the point isn’t to just make a bunch of money and just go out and buy the Lambo. The the goal is actually to continue to live frugally. If anything live more frugally.
So the funny paradox here is that when people say they want to become a millionaire, but they’re really mean to say is I want to spend $1 million. 
But the funny thing is the second you go out and you spend $1 million, you then become worth zero dollars.
So actually, the game then is to stack your capital indefinitely and to see your numbers go up forever.
And then the hilarious thing assuming that you’re like some sort of greedy money rich person, you actually continue to live as frugally as possible, and not touch your capital. 
I think one of the wise ways to think about money is like heat loss. For example, if you’re super effing cold, do you want to seal up the window windows and the spots of your house which loses heat.
The same thing is with money and capital. You want to stop the capital loss.
So for example, the number one thing is the whole vehicle thing!
Never ever ever ever ever purchase any vehicle that requires premium gas. This is like the stupidest mistake of all time.
You continue driving your old Toyota Prius, and just pour all of your money in Bitcoin, because really the truth is and this is my philosophical thought is, there’s almost nothing worth on the planet purchasing.
Besides, Bitcoin is my philosophical thought.
The only thing worth purchasing on the planet is bitcoin. 

Also some even more super smart economic leverage.
Instead of paying an arm and a leg for rent in La or New York. Brooklyn, you just move to like Southeast Asia.
So if you move to Southeast Asia, you can live like a king, for like $300-500 bucks a month. Right? You just put all your money to Bitcoin.
So even if you had a modest savings, right, let’s say you had like $200,000, and you have microstrategy stock.
Let’s say every month of the month is rent is due, and the expenses are due right? You just sell a small portion of that stock, and it’s going to go up.
So my thought on the next 4 years, microstrategy, assuming it’s around 2x Bitcoin. I think Bitcoin is going to go up 120% ARR. I think microstrategy is going to double that 240% ARR. So just do the math.
At the end of every single month in which expenses are due, let us say it’s like $1000 bucks or something… You just sell $1000 worth of bitcoin or microstrategy stock to just afford your lifestyle. 
But ultimately my personal thought is whatever excess, money and capital you have just put it onto Bitcoin.
So the microstrategy then ends up becoming the engine or the turbocharger or the cash cow. You milk it, and you shave the cream off the top, and then you buy Bitcoin with it.
So I think the reason why to me Bitcoin is such a fascinating thing, and very exciting, is essentially Bitcoin is digital photography.
Peter Diamandis, the X prize guy. Right? You know, he talks a lot about kodak film. You know the iphone and disruption.
So actually, intuitively, as photographers and digital photographers, we should actually understand bitcoin. You know, this disruptive power about digital photography. So obviously, you have the hipsters with their mustaches and their flannels, you know, talking about the virtues of film photography.
But the truth is, digital photography is like a quadrillion times better than film photography.
And also currently, in the year 2025, incoming
digital photography is actually superior to film photography.
In the early days of digital ,,, digital photography sucked. But now, at this point, digital photography is far superior to any sort of film photography, and the only reason you should shoot film in today’s world is either as like a practice to appreciate the joys of photography. So the philosophical approach. Or you know, you’re trying to be some sort of like, you know, snobby fine art photographer and overcharge money for your photos. Then you shoot film.
Because honestly, the the fine art market, they’re always going to overvalue film photos over digital photos, because it’s more complicated. It’s more strange, right? So in the art, in the art world, the more complicated, abstruse, and complicated, you can make your art the better. But for us,
where we care about practical things, yeah, think about Bitcoin. So think about the iphone iphone pro versus your mom’s kodak Browning camera. I think the the thought is obvious. Okay.
Very simple. Just download the coinbase app. Buy Bitcoin.
If you don’t want to actually own Bitcoin, you just want to make a ton of money, just buy microstrategy stock MSTR, and use your traditional accounts.
And I still think that this is the biggest thing is that everyone wants to become a millionaire, right?
But you know what I think people want to do is
they don’t want to earn like, okay, okay.
people want to spend a million dollars.
They don’t want to actually save and build a million dollars right? And so if you think about, you know, money and
capital digital capital, I think about like Lego bricks, right? I just went to Legoland. Senecall is great. So let us say that
each bitcoin, or dollar or 1 million dollars like these. Let’s say these are Lego bricks right? The goal is, you want to build your Lego Tower brick thing as tall as possible. You don’t ever want to
get rid of your bricks and throw into the trash. That’s essentially what consumerism is. And this is actually another big philosophical thing I discovered is, what’s the difference between capitalism and consumerism. Consumerism is actually the exact opposite of capitalism. Capitalism is about accumulating wealth.
building your capital and not spend it right. Even one of my favorite Kanye quotes is like why people make money don’t spend it. But I’d rather buy 80 gold chains go ignorant, right ignorant. And so the pernicious thing that happens in a lot of communities, especially poor communities. Right? I’ve seen this happen with my own eyes. Right?
Happens to Korean people. It happens to everybody, right? Is that you know you live in a crappy apartment in K. Town with 20 other dudes. Yet you drive the brand new Bmw. And you’re not building any sort of generational wealth. Right? And so essentially, yeah, you want to build the capital and not spend it. And essentially, you want to start to intelligently leverage your capital
to give to your future kids or your descendants, or whatever you want to do. Now, the hardest thing about Bitcoin is stomaching the volatility so volatile, mean. Just it goes up, it goes down, and then, like honestly for most people, it’s going to give them like 5. 100 heart attacks over right now
I think of a Bitcoin kind of like nuclear energy, so
nuclear energy in the untamed formed is obviously toxic could cause the next Fukushima whatevers right? But if you have a bunch of smart people, engineers, nuclear physicists working in a controlled manner, right? It’s like the greatest benefit to society, because to humanity, because essentially, you’re giving people free electricity forever. Right? And
I think my personal thought is the volatility is a future not above. So the reason why Bitcoin goes up and down the sideways so much all the time, and you can have huge swings
is because you could trade a 24, 7, 365 on the weekends in the evenings. Right?
It still befuddles me that in the year 2024, 2025 like. Why is it that you know, after 5 pm. You know Eastern time, or on the weekend Saturday, Sunday like, why did they close the market? So what if there’s another Cuban missile crisis. It makes no sense right?
And also the reason why it’s so volatile is that it’s actually the most
desirable commodity on the planet. And there’s all these people with these weird Bloomberg machine terminals, whatever they are, always pegging everything to the Bitcoin. So a lot of people ask about ethereum dogecoin webs, right. I think Bitcoin is the only true.
Everything else is the false prophets. Everything else is the false coins. The immaculate conception of Bitcoin and Satoshi.
I think this is actually a big deal, because anything that is not Bitcoin, you know, ethereum and the like. They they need some sort of spokesperson, or, you know, individual to prop up the value right, whereas Satoshi, he invented it, he disappeared forever. Now the reason why this is such a big deal is that
every other crypto thing which is not Bitcoin.
It does not have a hard cap
like you could print more ethereums. You could print more. Whatever tokens you cannot print more bitcoins, and that’s that’s the big thought.
So. Volatility is vitality. Eric Kim. I actually didn’t say that. Sorry. That was actually Michael Saylor. I typed that in wrong. But essentially
you know, volatility is vitality, and the more volatile the more energy the power you have, the more vitality you have. So once again, people think of volatility as being risk. That is actually not the case. Bitcoin is going to go up forever, but it’s going to be like an extreme roller coaster and go up down, but with extreme swings it’s extreme performance. So
yeah, volatility is not risk. Volatility is just going up and down a lot, but essentially over a long enough time span. It’s going to go up forever.
So I borrowed a lot of slides quite liberally from Michael Saylor. Some of these are from his recent Microsoft. Pitch. And yeah, just go. michael.com go to his presentations looking at yourself. So I’ll just make some quick points. So
essentially, currently, Bitcoin is like a 2 trillion dollar asset class right? And this is also from Jesse Myers once in a species.com. And the reason why this is important is currently you know. Let us say the whole world’s economy is 900 trillion dollars, right? And
what we have our eyes on is real estate. So real estate is, you know, most people don’t really just use real estate as a place to live right? Otherwise, you just rent. People use it for a long term store of value. So, for example, if you’re a really really rich family from New York City, you own, like 10 square blocks in Manhattan, and, you know, does your descendants sell, you know.
a square block to buy himself a few Ferraris. No, that that would be a bad strategy. So the the tip I have for any single person trying to build intergenerational wealth. Keep it simple. Only one rule. You don’t sell the Bitcoin. If you face extreme poverty or financial distress, I don’t know. Become an Uber driver or something. Pay the bills, but don’t sell the Bitcoin.
and currently I think we’re going to see is Bitcoin is just going to take over the gold market, which is 16 trillion dollars, maybe the cars and collectible art market.
Now, a big thought is this is from Michael Saylor once again, is that
all these assets on the planet.
Some of half of it is to provide utility. Right? So, for example, you know.
let’s say you need you need somewhere to live right? No so that provides utility right? But then, again, some of it is to preserve capital right? And
as a 36 year old millennial nowadays. The pressures. Oh, you got to buy a single family home today, right? But the the reason I get so sus of people saying you should buy a house is that they’re like, oh, you essentially need somewhere to live. You’ll build capital. Blah! Blah, right? You don’t want to give money to land, but it’s like no, you only need one reason like you would only ever buy a single family house. If let’s say you really like having a backyard and a garage, or what is right. But it’s really not
a money making thing, because homeownership is like a trillion, times more expensive than you would otherwise think, and as a consequence, with a single family home, even if the price is going up right
at best, you might be breaking, even if not, you know, slowly bleeding yourself. Because, let’s say, real estate is on average, going up 10% a year, right? The money supply the inflationary. M 2 supply is 15% a year. So you’re actually kind of losing money.
So the big thought is once again, you know.
the optimistic thought is eventually all these long term sort of things are going to become digital capital. I still think about this, the Warren Buffett. They’re all gonna die. And then, when we, you know, take the take the mantle. What’s gonna happen the next 20 years, even if you’re 80 years old right now? 81 years old. Shout out.
You know, I think I’m optimistic. We could live to be 100 20. So yeah, this is definitely the next wave. You’re not going to want to miss right? And you know, currently a lot of millennials. People like everyone wants to buy the Lambo or the Ferrari.
You’re you’re going to lose the value of it in about 3 years. You want to live forever.
So these are some kind of conservative growth estimates, according to Michael Saylor’s Bitcoin 24 model. So in about 21 years, and this was still pretty conservative. Right? Bitcoin is going to become a 280 trillion dollar, you know thing right? So going from 2 trillion to 200 trillion, so at least 10 x. So you’re conservatively, you’re going to see your money at least 10 x in 21 years, which is pretty cool. Right? It’s not going to take over all these other things. It might, but it might not.
Now people always ask.
what is Bitcoin backed by? So I did the maths right and based on what other people say, too essentially the Bitcoin network. If you took all the apple Amazon aws servers, Meta.
combine them all times 20, you could still not hack the Bitcoin network in in terms of the raw power that goes into powering. Think about like 20 nuclear power reactors powering the thing right? And also people don’t understand is there’s already been 850 billion dollars of quote, real money investment thing follow Blackrock. They just recently recommended most of their
you know, owners to allocate at least 2% of their portfolio into Bitcoin, which is kind of a big deal. Look about what Larry Fink says. Blackrock is like what they own. What 40 trillion dollars of assets around the planet. They’re they’re kind of a big deal. And also it’s a network effect. So you remember, in the early days of Facebook. It was only it was only university students with the Edu address were allowed to join in. Then they opened up to everybody, and the network effect of Facebook is that
if you have Facebook and I have Facebook, then Facebook instantly becomes more valuable to both of us, because I can now share my photos with you, whatever’s right. But then, if your friends friends also have Facebook, it becomes much more valuable to everything. Same thing goes with facetime right. The reason why I got you know I used to be a Diehard android dude. Now I’m like all icloud everything. It makes life so much easier. You get your mom an iphone. Now you get facetime imessage. It makes life way better.
And so Bitcoin is going to be the same thing as more and more people are going to continue to download Coinbase or Whatevs. And also my optimistic thought is, if Apple doesn’t want to become irrelevant, it’s I’m very certain the next 5 to 10 years. Apple is going to have their own
Bitcoin storage thing in your icloud account. It makes sense right. They have apple pay. They have the apple wallet. Essentially.
apple is the new bank. And so now, when they do like a you know, a 3 device authentication for your bitcoins through your iphone, your ipad and your macbook pro whatevers.
It’s actually it might actually be one of the most safe ways to store your bitcoins.
Also things to think about. If you’re a traditional investor
so there’s this notion called the cost to capital cost to capital that Michael Saylor says a lot. I might be getting this wrong. But
essentially the S. And P. 500 right?
on average, is like 14 to 15% return year over year. Right? So if you’re not making at least 15% or over 15% a year, you’re essentially losing your bleeding money. So real estate gold bonds is kind of a losing bet, right? And so the magnificent 7 which all the big tech stocks 28%, a little bit better, right? But look at Bitcoin. It’s like 62% year over year. And it’s kind of the obvious bet, right?
And even if you think about you know, everyone’s talking about Nvidia Tesla. You know what is right.
I think the reason why the mainstream media they don’t like to talk about micro strategy is that it’s still a little bit too weird and bizarre. And it’s not as buzzworthy as AI, because, okay, people like to think of this like evil Terminator AI, the video going to take over the world and find it right. But nobody is like Bitcoin, like
Bitcoin is not an android walking around 2 feet, taking over the planet right? So people actually don’t like to talk about Bitcoin. And for so long people thought that Bitcoin was a Ponzi scheme right. No one ever thought that AI was a Ponzi scheme. So the video always catches the headlines. But look at microstrates, look at the best performing stock on the human unit in the human universe
over 3 x. That of Nvidia, which is already impressive, and Nvidia is already destroying Tesla by a massive margin as well. Right? So
I mean? That’s that’s pretty obvious, right?
Even Donald Trump watches a Nashville presentation. He quotes Michael Saylor directly, says, Never sell your Bitcoin. Apparently Eric Trump, the son of Donald Trump has known Michael Saylor for 20 years. I’m not sure if that’s true or not, but if that’s the case.
I’m like a hundred percent certain that. You know, Michael Saylor essentially has the left ear of Donald Trump.
And yeah, it’s it’s a it’s a very good thing.
So if you want to plug and create your own models. Google, the Bitcoin, 24 model. It’s on Github
plug in your own assumptions.
And this is the big thing that I have my eyes set on. So currently, you know, it’s December right? And everyone’s waiting for the trump to get into the office January 20.th So this is a tricky thing. So I used to be Super Anti Donald Trump, right? Because I could care less about politics and stuff like that right? And
but
one Donald Trump became super super pro bitcoin. I started to listen and start watching all his interviews and looking like honestly the you know, I’m from the Bay Area like Liberal Democrat, my whole life right? And actually, I kind of realized, wow, the the left leaning media is kind of the they’re kind of the evil ones here. And Donald Trump, he seems actually kind of like a cool, nice nice nice guy, right?
And the big thought is.
there’s no, there’s not going to be a World war 3. What is right? And Bitcoin, under the trump administration is gonna explode, and it’s gonna be the
the greatest 4 years of prosperity of all time, and this once again coming from like a super left leaning liberal. So this is a good thought so. Anyways. Let us say, you know.
America leads the charge in the crypto Bitcoin revolution. Right? And yeah, I think
assuming that America really wants to control the future. I think the America purchasing 6 million bitcoins is not fully out of this this planet. Right?
So some thoughts on building personal family wealth.
So the reason why I think this is kind of a big deal is that
everyone wants to build wealth right. Everyone wants to be intelligent with their investing. It doesn’t matter if you’re a nonprofit, a charity, a church, Mother Teresa, like every single organization, will always need money. Capital. If you have an endowment, you know, for Harvard, Yale, Princeton, Stanford Brown University. Whatever even the Uc. Is right, everyone needs money and capital right.
and I don’t like to think too much about the macro, because I’m not an institutional investor. I just think about myself, my family, my best friends, my squad. Right? So the goal is building personal family wealth and how to intelligently invest. So a lot of people talk about timings. Oh, when should I buy Bitcoin? Should I time it the high. Then people take out these charts and these candlesticks, which is all just witchcraft and pseudoscience don’t follow any of that.
Essentially the thought is.
anytime is a good time to buy Bitcoin if it’s high, low, Middle, whatever. We’re going to keep buying the top forever. So recently I bought some more Bitcoin at $100,000. Right then it dipped down to 90,000 to 88,000 hit 103,000 again, and so I’m pretty sure that in 1020 years I’m going to be buying Bitcoin at 1 million, a Bitcoin, 10 million dollars a Bitcoin, 55 million dollars a Bitcoin, whatever is right, and because if you do the simple math, just think at least 4 years ahead, right? So if I could tell you with 100 certainty that Bitcoin is going to be 1.2 million a Bitcoin
in 4 years
as long as you’re buying it for less than a million dollars a coin. You’re going to be in the green like it’s it’s kind of a a good bet, right? And actually, also, ironically, my personal thought is
chasing gains is a good thing, but also it’s it’s a good idea to not get quote greedy in the sense of maximizing your gains. So so, for example, right like, what’s the difference between getting a 38% yield and a 32% yield like the the difference is nominal. Don’t don’t worry so much about maximization, because even a lot of what I thought my trades were bad
2 years ago ended up being right. So as investors, we have to think at least 410-20-3040 years ahead of us. So don’t worry so much about the the short term
so practical and pragmatic investing strategies right? So once again, so if I had a simple blueprint, so
some some simple thoughts.
there’s lots of different blends. You could do this, you could. You could be super simple. Just 100 to Bitcoin, buy it on Coinbase what is right, and just keep stacking forever.
100 legitimate. That’s the Bitcoin Maximus opposed the triple, triple Maxi, the triple Maximalist approach. If you just need to pay the bills whatever, and still stack the Bitcoins. My personal suggestion is put 80% of your wealth into Bitcoin and 20% of your wealth into micro strategy Mstr stock. And once again. This is this is what you do. So let’s say, for simplicity of math. Let’s say
Let’s say you have a million dollars or a hundred $1,000, or you use whatever kind of a number you want, right? So put 20% that to microstrategy stock whenever it goes up
beyond the principal, sell some of that stock and put that into micro strategies. Sorry. Put that into Bitcoin, and or use that money to just pay your your bills. So once again what I personally did right?
$150,000 working capital into micro strategy Mstr stock. And let’s say, when it goes from worth $150,000 to $160,000. I’ll sell $10,000 worth that stock. That $10,000 gets deposited to my checking account, which is linked to my coinbase. Then I’ll just buy $10,000 worth of bitcoin right? Or, if you need that, $10,000
for living expenses. Let’s say
you need $3,000 to pay your rent. You take $3,000 of that to pay your rent, and you put the other 7% of that into Bitcoin.
also some other definition. What’s the difference between being an investor, a trader versus speculator?
So an investor, we want to be investors. We want to think about (102) 030-4050 years ahead of us. A trader is a bunch of these, like 20 year old. High testosterone degenerates, you know, single, you know, maybe addicted drugs, or whatever right, who just want to like look cool. I made a billion dollars in a month by using all these complicated
statistical models. Blah! Blah! Right? But you don’t. You don’t want to be a trader because essentially it’s
nobody could time the market. Not even God could time the market right. And what a speculator is people who invest in meme coins. So a meme coin is like buying a Dogecoin or shiba Inu, that the reason why these are not you should not do this is that it is extremely dangerous. You’re going to lose all your money, and it requires
a charismatic leader to support it. So Dogecoin, right? Dogecoin is essentially elon musk coin right?
But if one day Elon musk tweets. Ha! Ha! Doge was just a joke all along, right. It’s not worth anything. The value of it will pump it to 0, or if once again. Elon dies in a you know a robo taxi accident. The value of dogecoin is going to go to 0, whereas if Elon Musk dies, you know Bitcoin is going to still keep going up forever. So speculator is meme coins beyond bitcoin us Bitcoiners. We’re we’re investors.
So you know, somebody also asked about, you know, monetary inflation right? So there’s this thing called the M. 2 monetary supply of the the rate rate inflation.
And once again you’re going to have to exceed at least 13% to 15% to
not lose money. So, for example, let us say, you have a billion dollars of us dollars in your checking account. Right? You’re going to be bled to death. Right? So in a year, your 1 billion dollar is going to shrink to 750 million down to 500 million, to 350 million. And essentially, you’re going to get a point where your money is worthless.
And already we see this right now. So currently, the price of real estate, single family homes is exploding. But this is my critical view. How much of that is that the value of a single family house is higher versus our Us. Dollars are just simply worthless. Right? So if you just do the same simple maths, right?
So let us say that. You know, minimum wage goes from $15 an hour to $20 an hour overnight for Mcdonald’s worker. Right? That means instantly. You see, 25% inflation. So your 1 million dollars in the bank is now worth only 750
$1,000. So yeah, once again. The real real rich people. They store less than 1% of their wealth in
Us. Dollars in their checking account like, you’re not gonna have Jeff Bezos bragging to other people that he has 10 billion dollars of us dollars in their checking account. No, it’s it’s all going to be in you know, stocks, or, you know, real estate. And actually, ideally, Bitcoin. Cyber cyber capital.
So yeah, that’s that’s essentially the the end of my presentation.
Concentration, how to concentrate
True insight.
The evolution of capital
Evolution, how to evolve?
Bright white is a good idea
Monetizing walking, sending Satoshis 
Hybrid humans are ugly, horrific?
Pure Humans
Outdoor education
Sun education?
Designs which don’t last?
The design of bitcoin shall last forever? Bitcoin is the ultimate Apex sublime minimalist design?
A bitcoin shall be beautiful forever
knight.
Design ethos
With Hybrid or you could live more. With gas
Peak performance
,
Peak Fabrics
Super Shiny!!!
Insanely super gloss
Choose the not obvious, non-standard option. 
439,000 owned bitcoins??? Insanity!!
On December 16, 2024, the Company announced that, during the period between December 9, 2024 and December 15, 2024, the Company acquired
approximately 15,350 bitcoins for approximately $1.5 billion in cash, at an average price of approximately $100,386 per bitcoin, inclusive of fees and
expenses. The bitcoin purchases were made using proceeds from the issuance and sale of Shares under the Sales Agreement.
As of December 15, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 439,000 bitcoins, which were acquired at an
aggregate purchase price of approximately $27.1 billion and an average purchase price of approximately $61,725 per bitcoin, inclusive of fees and
expenses.
Form 8-K • December 16, 2024
MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR
Wool, and specifically merino wool, is renowned for its remarkable natural properties relating to temperature regulation, moisture management, breathability, and overall comfort in a wide range of conditions. These qualities arise from the intrinsic structure and chemical composition of the fiber itself, which has evolved over millennia in the hardy environments where merino sheep thrive. Understanding the science behind merino wool’s thermo-regulatory capabilities and breathability can help explain why it’s such a versatile and high-performance textile.
1. Structure and Composition of Merino Wool Fibers
Merino wool fibers are composed primarily of the protein keratin, arranged in a complex series of layers that give the fiber its distinctive resilience, elasticity, and moisture-handling characteristics. Each fiber typically consists of three main components:
• Cuticle (outer layer): The fiber’s outer surface is covered with tiny, overlapping scales. These scales repel water droplets externally, providing a measure of water resistance, while still allowing vapor to pass through. This structure helps prevent liquid moisture from saturating the garment’s surface, yet does not hinder the evaporation of perspiration from the inside.
• Cortex (inner structure): Beneath the cuticle lies the cortex, which is a dual-sectioned (paracortex and orthocortex) region responsible for much of wool’s elasticity and hygroscopic properties. The cortex can absorb and release moisture in vapor form while remaining dry to the touch, which is key to the fiber’s superior ability to manage sweat.
• Cell-membrane complex: This complex holds the fiber’s cortical cells together and facilitates water diffusion. Its structure is like a pathway that moisture vapor can follow, enabling the fiber to “breathe.â€
Compared to other types of wool, merino wool fibers are exceptionally fine, often below 20 microns in diameter. These ultra-fine fibers bend more easily, making the fabric feel soft against the skin. The fineness also creates more air-trapping spaces between fibers, which contributes to insulation and breathability.
2. Thermo-Regulation Through Hygroscopic Properties
A key to wool’s natural temperature regulation is its hygroscopic nature. Wool fibers can absorb up to approximately 30% of their own weight in moisture vapor without feeling damp. This capacity comes from the presence of numerous hydrophilic sites (water-loving chemical groups) along the keratin protein chains.
• Moisture Absorption and Heat Release: When you sweat or the environmental humidity is high, wool fibers draw water vapor into their structure. This absorption is an exothermic reaction, meaning it can release heat energy. Conversely, when the environment is dry or body heat rises, the fiber releases this moisture as vapor, which is an endothermic process that can slightly cool the body as the moisture evaporates.
This dynamic exchange of moisture and heat—absorbing and releasing water vapor—is a form of thermoregulation that helps maintain a stable, comfortable microclimate close to the skin.
• Insulation in Cold Conditions: The crimp (wave-like structure) of merino fibers creates tiny air pockets throughout the fabric. Air is an excellent insulator, so these pockets help trap heat. When the body generates warmth, the wool can hold onto some of that heat while still allowing moisture vapor to escape, preventing clamminess.
3. Breathability and Moisture Management
Unlike synthetics that mainly move moisture in liquid form (wicking sweat along the fiber surface), merino wool excels at transporting moisture in vapor form. This ability is crucial because sweat usually starts as vapor. Wool’s internal pathways allow moisture vapor to diffuse directly through the fiber and away from the body before it accumulates and condenses into liquid sweat.
• Vapor-Phase Breathability: Because merino wool handles moisture at a molecular level, it can reduce the sensation of being sweaty or clammy. The fiber itself helps stabilize relative humidity in the microclimate between the skin and clothing.
• Odor Control: Wool’s moisture-management properties also have a secondary benefit—less odor buildup. By not trapping moisture against the skin and preventing bacterial growth that thrives in damp environments, wool stays fresher longer and requires less frequent washing.
4. Performance Across Different Climate Conditions
Merino wool’s natural engineering makes it suitable across a broad temperature range and for a variety of activities:
• In Cold Weather: The fiber traps warm air and its moisture absorption releases heat when needed, helping maintain warmth. Even when merino wool does get wet, it retains a large part of its insulating capability, because the internal structure continues to hold pockets of air and the fiber does not cling flat against the skin.
• In Warm Weather or During Intense Activity: Merino wool’s ability to absorb and then release moisture vapor helps keep the microclimate drier. As the body heats up and perspires, the wool encourages evaporation, thereby promoting a cooling effect. This moisture and heat modulation is subtle but noticeable, leading to greater comfort.
5. Comparing Merino Wool to Synthetic Fibers
While many modern performance fabrics are designed to wick moisture away from the skin, few can rival wool’s combination of vapor-phase breathability, natural thermoregulation, and lack of odor retention. Synthetics typically rely on continuous filament constructions that create channels for liquid sweat to move and evaporate at the surface. Wool, however, works at a more molecular level, making it remarkably effective in a wide range of humidity and temperature conditions.
6. Sustainability and Biodegradability
In addition to its technical advantages, merino wool is a naturally renewable resource. Sheep grow new fleece annually, and wool is biodegradable, eventually breaking down into beneficial soil nutrients. This places wool in a favorable position from an environmental and sustainability standpoint, compared to petroleum-based synthetic fibers.
In Summary:
The science of merino wool’s thermo-regulation and breathability lies in its unique fiber structure and hygroscopic nature. The natural protein-based composition and microscopic architecture of merino fibers allow them to manage moisture and temperature both dynamically and efficiently. By absorbing and releasing moisture vapor, trapping insulating air pockets, and resisting odor buildup, merino wool stands as an exceptional natural solution for maintaining comfort, dryness, and thermal balance across a wide range of climates and activities.
So the Bitcoin revolution, the revolution will be televised. So, starting off.
First, what is Bitcoin? Why does it matter?
So I think the 1st important critical thing is trying to consider and think you know what is Bitcoin we’ve all heard about in the news we heard about Bitcoin as being a Ponzi scheme, a pyramid scheme. And honestly, my mom has gone through her fair share of Ponzi schemes like she she got suckered by the whole Amway scam.
I think the reason why Bitcoin is so important and critical is, Bitcoin is like the early days of the Internet. So if you go into a time machine and you could tell somebody in the past, okay, you know, in the days before email existed. Right? So okay, once one day, you know, everyone’s gonna have a supercomputer in their pocket. They’re using it to check all their bank statements. You’re going to be able to use your camera on your phone to scan your you know your checks, your bank account balances. You can use this to send money and messages and videos to everyone on the planet. Instantly everyone would have thought you were crazy.
and I think one of the biggest misconceptions about Bitcoin.
So a constructive way of thinking about bitcoin is trying to figure out what bitcoin is not.
My personal opinion is, I do not think that Bitcoin is actually cryptocurrency. I think currency is the Us. Dollar, and I think one of the biggest problems about the whole field of crypto and cryptocurrency is everyone is like a crypto anarchist, which means that they want to see the Us. Government and all the governments on the planet fail, and they can essentially live in peace and silent without interference from the Government.
Yet, you know, obviously, at the end of the day, it’s nice to have public streets. It’s nice to not get robbed in the streets. And actually, I think one of the biggest misconceptions about Bitcoin is. People think that Bitcoin is trying to replace the Us. Dollar.
But my personal thought is, Bitcoin is going to be a supplement to the Us. Dollar.
Essentially, I thought this a long time ago that essentially Bitcoin is digital gold to hedge against inflation, which means, as our money, our Us. Dollars, or our euros, or our local currencies become devalued.
The upside is, our Bitcoin will become more valuable. I think the best analogy that I got was from chairman of microstrategy mstr Michael saylor, essentially thinking that Bitcoin is is not digital currency, but digital
real estate.
So I think this analogy is better, because nobody’s on their zillow, you know, 20 times a day, checking their home prices right? And this is my mad Max Post Apocalyptic perspective. So imagine the future where there’s, you know, essentially
there’s this like nuclear fallout. And you know.
there’s no inhabitable places anywhere. And let us say, there’s only 21 million single family homes left on the planet for anybody to live. Obviously, sooner or later, you know, people are going to want somewhere to live. And so I think the best analogy, I think, is Bitcoin as digital real estate, which means that with digital real estate.
You know, a lot of people are like– I want to quickly make money off of Bitcoin. But how do I make money off of it? It’s kind of like the early days of real estate. So if you bought Manhattan in the 1600s, you know, how do you monetize it? And I still think that we’re in the very, very early days of bitcoin and institutional adoption, which means you’re going to start to see New Bitcoin products come out. So some simple thoughts. So we’ve all heard stories of Scumbag San Francisco based scumbag landlords, you know, charging an arm and a leg for their tenants, and we all hate the landlords, I think with Bitcoin we’ll become the new digital landlords, which means effectively, we will in the future be able to like rent out our Bitcoin. And you know, let’s say we have one bitcoin right, and it’s and then I think that the personal math I like to do in my head is thinking that one Bitcoin is equivalent to one single family home. So I currently live in Los Angeles, in Culver City. It’s kind of insane. A single family home. I’ve even seen some in my neighborhood for 4.4 million dollars. The average Median household single family home is around 1.7 million dollars.
So in my personal mind, where I think Bitcoin is a trillion times more valuable than physical real estate land, because you could always make more of it. It’s not a real scarcity.
A single family home, and the price of a Bitcoin should be pegged to another.
So in my mind I still think of a Bitcoin at least 1.1
1.7 2.1, maybe even 4.4 million dollars a coin. And I think this is a very very fascinating idea, because also, you know, people say, Oh, but Bitcoin is not real. Money is yeah, but like our dead, shiny rocks. Aka. Gold money either, or is fiat currency, you know pieces of paper. You cannot eat pieces of paper to to live. And I think one of the most interesting things I learned about the philosophy of money is that essentially all money is just existing in the minds and souls of men, the value for men, is all essentially subjective.
Money is not “realâ€, but subjective.
Now, what makes Bitcoin so fascinating to me is that it’s the 1st time in human existence, you had a hard cap supply of money.
So, for example, people often talk about gold, right? So the issue with gold is at the time it was the least bad form of money, because it was very, very scarce. It was difficult to find. It’s difficult to mine and transport. Yet there was lots of good properties of gold. It’s, you know, essentially it kind of lasts forever. Aesthetically, it looks beautiful, the nice yellow color of gold mimics that of the sun, and you know, at least back in the day, let’s say you had gold coins it could easily fit in your front pocket whatevers.
But now things become a lot more difficult because we’re living in the 21st century, the 22nd century you know, we would have flying car drone robo taxi, self driving car waymos. It’s like, Why are we still using an antiquated digital framework of modern day banking swift code accounts?
If you’ve ever tried to send money, you know, from the Netherlands to South Korea, to Nigeria, to Lagos whatever you find that the the whole SWIFT system is kind of like a bunch of gangster mafiosas like even my mom is currently living in South Korea.
Example if I want to just send my mom a small sum of money, it is insane,  it takes like three or four days, and the wire transfer fees like 55 bucks, I hate this. This should be done instantly. Therefore the thought of bitcoin, being able to quickly and effectively and securely transfer value across time and space without a trusted intermediary is a big big deal, a big big revolution.
So why does Bitcoin matter? It’s kind of like asking somebody why does clean water matter so one of the things I love about Michael Saylor, and I highly recommend watching all of his videos. @wsaylor. It’s essentially Twitter or X or michael.com.
He uses this analogy of sewer water. So let us say, every all 8 billion people on the planet are all drinking sewer water, and people are dying of dysentery, and people are saying, I don’t get it, you know I exercise, you know. I
you know I eat healthy exercise every day, but I’m still dying of dysentery. My kids are dying of dysentery, and so the whole issue is that if you’re drinking sewer water, no matter how healthy your lifestyle is, how virtuous you is. It don’t matter. You’re going to be, you know, dying of dysentery, or perpetually sick.
And so, if we think about these physiological terms, and apply it to Bitcoin and money and digital capital. This becomes really fascinating because my personal thought and you know, also, I grew up in a family of poverty, poverty, meaning that I thought I was going to be homeless at least 2 or 3 times. My dad was perpetually addicted to gambling with the rent money.
So what a lot of people don’t understand about growing up in poverty, and prosody is that the logical strategy that you never know when your dad is going to steal your money and gamble it away, and therefore the smart strategy is actually to spend it all right now! Because you never know when he’s going to look in your piggy bank, your personal checking account that your mom put away for your college, or even take your hard earned $3000 as a 15-year-old bus boy at your mom sushi restaurant, lying that you’re going to invest in some business, leaving to LA for about a month, gambling it away, and coming back empty.
When I think about it, this is actually super sad. Once again when I was like super super young like two years old, my mom tried to make me a savings account, like one of those checking or savings investing accounts for kids, and she might’ve had a nominal amount of money in it, like 200 or 250 bucks or something. And she told me the sad news is that one day when she checked up on it she discovered that the money was gone. Essentially my dad even stole away that $250 from my child savings account for college, once again feed his gambling addiction.
So once again, as a kid growing up, I never had this ethos or tactic of saving. Because we literally cannot come every dime that my mom made was fun into paying for groceries and rent.
Therefore I like a 15-year-old kid, my thought was I’m going to take every single penny, I can immediately go out buying some new sneakers, you know, buy some cool clothes, and I literally had $0 in my bank account.
So I think the pernicious, vicious cycle of inflation is.
You cannot blame people for not saving up capital for their future if the money itself is deflating at such a rapid pace, and so I personally think that you know Bitcoin is like giving every single person on the planet like unlimited free Fiji water, or the best alkaline hipster water whatever water you want. Essentially giving people clean water. And
a lot of people say, Yeah, but Bitcoin is not real money. It’s a okay. So I think this is a big this is a big shift for me also, personally.
My personal thought is, Bitcoin is actually more important than money.
So we should not think about money. We should think about capital. I think capital is a lot more robust and strong as a concept. So, for example, capital comes from Cap CAP. Like upon your head. K-ap. Essentially it came from the head of oxen. So if you read the Iliad, the Odyssey essentially, every time you want to appease the gods, you have to sacrifice a hectacomb, Hecta means 100 a hundred head of oxen to appease the gods.
And you know, obviously, that’s very expensive, like, can you imagine, if you know you sacrificed a hundred Lamborghinis to appease the gods, it would be quite expensive endeavor. Right?
And so, capital. We all live under Capitalism — it doesn’t matter if you’re living in Europe, Africa, Asia, America, China, and also one thing that people don’t understand is, I think, what a lot of these people, maybe 4 or 5 years ago, China is going to take over. China’s not going to take over. China is dependent on America, and effectively, the Chinese Yuan the CNY is essentially effectively pegged to the Us. Dollar and the Us. The US is essentially the world. Reserve currency and capital is what we seek, not money.
Talking about currency, so currency is like, you know, buying a Starbucks Frappuccino, or buying a in and out Burger. Right? That’s like money currency, right?
Capital is essentially long storm, long term, store of value. So it’s building generational wealth.
So one of my favorite songs from Kanye West is the off the grid songs that we off the grid grid grid this for my kid, kids, for when my kids, kids have kids.
And I think this is also the big thing is a lot of millennials, nowadays, I think the disincentive to have kids is because there’s so much fear mongering about the the future is gonna become uninhabitable, you know boil the seas or whatever. So there’s not going to be a future. So essentially, there’s a strong sense of pessimism.
But Bitcoin, to me is like solidified optimism, which means that the future is going to be glorious and great. And you know, even having Seneca right now, think about his future kids, kids, kids, or my future kids, kids, kids.
It brings me so much joy. Because the simple strategy, you just keep stacking Bitcoin until you die, and then you hand it on to your kids. Your kids give it to their kids kids. It’s like, if you owned, you know, a hundred penthouses or 10 square blocks or 20 square blocks in Manhattan, on the main island. Do you ever sell that to buy a Lamborghini? No! That’s not what one does, or liquefy it all into us dollars and brag about how many billions of dollars you have in your bank account.
Nope, that’s not the goal– you want to build capital. And traditionally it’s been real estate. But once again, real estate was a good idea. In the 16 hundreds, 17 hundreds, 18 hundreds, 19 hundreds, or 2000s. But then the subprime mortgage meltdown proved that, you know maybe it’s not always the best idea.
Real estate can go down.
And I think the hard thing is, people say, Yeah, but you know, real estate, you know, essentially, everyone needs somewhere to live, and it’s historically, the value of real estate is always going to go up forever. Now people say that the tricky thing is the pace of monetary inflation is around 15%. The best thing is to either chat Gpt or Google The M2 Money Supply. And essentially what you will find is
that the money supply is essentially a metric in which the Us. Government, or any other government on the planet, includes the euro and stuff. They keep printing more currency. And the reason why then this becomes an issue is that if you have more currency in the system that means the individual value of each unit is going to go down.
I call this the shake Shack Burger incident. So me and Seneca we used to always buy a single burger, patty, for $1.49, $1.50 … and one day we come and they say no it is $2.50, a party.
Why this makes no sense is like, yeah, we just increased the minimum wage to $20 an hour from $15 an hour. $20 an hour for fast food, and the hard thing is with minimum wage. You cannot rewind the the hands of time. If you suddenly said that the minimum wage is only $17 an hour, there will be riots. The streets would not be not be good.
So we’re all photographers, you know, street photographers, whatever. And the hard thing with digital is in our minds, digital is infinite and free. So, for example, I could take a copy of Mozart’s 5th Symphony, or whatever, as an mp3, file, and I could copy and distribute it a trillion times with 0 marginal cost right?
So this is where the notion of cyber becomes more interesting. And I’ll think about like, you know, cyber punk thinking about cyber truck.
It’s essentially once again, mathematically, cryptographically, that the hard science and the hard math is there can never be more than 21 million coins
in existence come up forever. Even if you took all the quantum ultra computers on the planet, times it by 20, you still could not produce more bitcoins. It’s just how it works right?
One Bitcoin is like one cyber-ox, and it’s immortable, immortal, indestructible. It’ll give you life forever. And there’s only gonna be 21 million of them in the future. And now and so this is your chance to get one for an extreme discount.
Let’s even say let’s say you want to buy a single family home. Let’s say it costs a million euros or whatever. Right? So if I could tell you today that you could buy a single family home for only $100,000 or €100,000 you’d be like, wow, that’s that’s the deal of a century. That’s you’re still getting a 90% discount.
And my personal thought is Bitcoin is far more valuable than real estate, because in the next 20-30 years, when essentially all the all the baby boomers, The Gen. Xers die off, and it’s the millennials and Gen. Z’s. And, alphas!
When we millennials take over, what’s interesting is that we don’t really care about physical real estate anymore. We will care about digital cyber real estate which is bitcoin. 
So my personal story, how did I get into Bitcoin? So it might seem a little bit random. It’s like, Okay, ERIC, you’re super famous for photography, street photography like, how do you get to Bitcoin like? It’s like, so random, right? But actually, it’s not very random at all, because, you know, if you’ve been following me carefully, you know the whole time, I’ve always been talking about living minimalistically, frugally, Spartan lifestyle, whatever’s. And you know now that you know I’m pretty stacked with a bitcoin and microstrategy stock mstr.
Funny enough, I’ve personally found that my lifestyle habits haven’t changed much after getting super rich, I mean, I’m a little bit more generous, maybe, like, you know, took out a friend last night to all you eat Korean barbecue
paid for her bill didn’t really even flinch.
Even a random aside, my best friend and my best man Justin, told me this when we were like in our early 20s, when we finally got good paying jobs whatever, is that the greatest joy is being able to eat out and not really feel the pain associated with having to eat out because we both grew up poor. 
I still remember even when I was undergraduate at UCLA, after our KYRIE club meeting, we would all go out to eat, and then I would see all the other guys ordering these really expensive $15 Korean barbecue gogi plates, (this was in 2006, when you could still buy a foot-long sub sandwich for five bucks), and $1.99 tacos, and $1 tacos, and me trying to save money, would force myself not to eat even though I was hungry, and my friends would ask me if I was hungry and I would lie, and say I wasn’t, while my stomach was still grumbling. 
So my personal thought with Bitcoin is, I personally wanted monetary freedom, and so long story short, so I’ll never forget this moment. So I’m born 1988. Went to UCLA as an undergrad — my roommate at the time, Kevin. It’s our junior he’s on Reddit, and I’ll never forget we’re in our studio apartment. I think I was distracted. I was doing something else. He was like Eric, you know. He’s on some subreddit, and he’s like.
“Oh, Eric, this thing called Bitcoin, and there’s this one dude who just bought two domino’s pizzas for like 10,000 bitcoins. We should just get like a hundred bucks worth of bitcoin, and just see what happens.â€
I then responded “Eh, seems like a scam†and disregarded it. No this is one bitcoin was like less than a penny, so even if me and Kevin and my roommate Kevin, just bought a hundred bitcoins at the time for funsies, right? And I had a hundred bucks right? We would each be worth at least 1.2 billion dollars.
If I had bought $100 worth of bitcoin at the time, once again we would each have about $1.2 billion in our checking accounts.
Today, I’m like, man. This was like the worst mistake of my life, right? But everything has happened as it should have happened. You know. Maybe if I had become a billionaire I’d just become some degenerate, you know. Cocaine addict on some beach somewhere in in Hawaii, and then Seneca would never been born. I would have never done my photography, world travels, whatevers.
Then my reintroduction to Bitcoin was kind of more recently when moving to LA. The cost of living is so expensive, and you know every I don’t know a single person who doesn’t want financial freedom. A long story short, I 1st heard about Bitcoin again, kind of earlier than when I was living in Vietnam around 2017, 2018, and at the time I didn’t really need Bitcoin, because our living expenses were so cheap. It was $320 bucks a month for a brand new studio apartment, fully furnished up, uplighting and the jazz right? And even at the time, passively, the income we’re making. Let’s say it’s a $1000- $2,000 a month. Let’s say it’s not even that much right, but like our whole total expenses, living expenses like maybe $600-700 a month, so I had the epiphany I’m like, I’m never going to run out of money. So already, at the age of 26 in my mind, I mentally retired right
and just more for funsies.
I met this guy named Bing in Singapore. Heard about this thing called Digibyte. Dgb, I don’t even think they’re around anymore. But at the time I’m like, Okay, I want to buy some bitcoins, buy some digibyte. How do I do this? And at the time Coinbase seemed like the best option, because it was the simplest, most minimalist to me it looked like the paypal for for Bitcoin and cryptocurrency.
For fun I bought about $25,000 worth of bitcoin, which, and Bitcoin was only about $7,000, $6,999 a bitcoin. So that was around 3.5 bitcoins. 
I then traded some bitcoin for digibyte, and I kept some bitcoin in my Coinbase account. Then the next few years I essentially saw the waves and the crashes and the dogecoins and stuff like that.
And essentially, I just kind of woke up to my guts and found out that Bitcoin was a real deal.
Some strange analogies is to me Bitcoin is almost like a new
World economic religion, I mean, people who follow Bitcoin are like fanatic. They’re zealous about it. They follow Michael Saylor like he’s like you know the prophet. You know the next prophet of Bitcoin right?
And it’s always good to invest in religions or to invest in cults like the cult of Tesla, Elon Musk apple, Steve Jobs. Whatevs, right?
Now obviously, I have financial independence now, and the only reason I’m teaching this workshop or sharing this information is, I almost feel like it’s my ethical imperative. Once again, if you could have discovered internet in the early days, or clean drinking water, I would feel that it would almost be a disservice if I did not share this information with others.
So everyone’s always about like, okay, so what is the Bitcoin gonna be worth? So there’s the open source model. Michael Saylor, I think, helped create it. It’s called the Bitcoin 21 model, I think. Right?
So 21 years from now his base case is that Bitcoin is going to be $13 million a Bitcoin. Bear case, $3 million a Bitcoin. The bull case is $49 million a Bitcoin, and note, this was in 2024 in July before Trump was announced as President, and he is ultra super pro crypto and bitcoin and also worth following, is his son Eric Trump, ironically. His name is also Eric also the funny thing. There’s a bunch of Eric’s actually in the world of Bitcoin, Eric Kim Eric Semler, of semler scientific, this other Etf guy who works for Bloomberg. His name is Eric Balconus, or something like that.
Essentially, we have an all Republican trump, pro bitcoin pro crypto, President and cabinet, whatever right?
What is really fascinating about Michael Saylor’s predictions for the future price of bitcoin is that when it was only $65,000 a bitcoin, and we were a bit uncertain about what the future of bitcoin and the president and the government would look like.
The last four years, we were all fighting an uphill battle, because the former administration was adamantly anti-crypto and anti-bitcoin. Gary Gensler who seems like a smart guy, was for some reason really anti-bitcoin and crypto? 
And so these were all written by Michael Saylor’s predictions before we had the most pro bitcoin
government of all time. So all these numbers, I think, should be inflated. So my personal thought is, I think, for the next 4 years once Trump takes office, January 20, 2025. I think this will be the craziest, best Bitcoin Bull Run of all time the next 4 years. So currently, Bitcoin’s been going up around 60% to 62% arr annual rate of return. And I think once Trump takes office, and I’m pretty sure he’s gonna buy the 1 million Bitcoins, or whatever for the strategic American Reserve.
And also I think Eric Trump, his son, is committed to having Bitcoin be at least a million in Bitcoin.
So let’s see. So my personal prediction, right? So I think Bitcoin will grow by at least 120% arr over the next 4 years. So let’s say, Bitcoin is worth around $100,000 right now. So by next year, let’s say it’s $250,000 the year after that, let’s say it’s $750,000, let’s say the year after that it’s like $1.2 million. So I think we’re on track to hit a million a bitcoin in 4 years about 10x gain. So just do the math from then.
Currently as an account measure, I now equate one bitcoin being worth one cyber truck, assuming that a cyber truck is currently around $100,000.
So the smart strategy is to take your hundred thousand dollars and invest it into bitcoin today, and you’ll see that becoming $1 million in four years. 
What that means is sell your cyber truck for $100,000, buy bitcoin, otherwise you have just done spent $1 million on your cyber loser truck.
Now, people are always asking, okay, this, you know, Bitcoin reserve strategy, you know, like, how is? And why is America going to buy the Bitcoins? Right? So we’re essentially out of physical land and real estate. Now we have to go to cyberspace right?
And it seems kind of silly, like something out of a sci-fi film. But the truth is, they’re currently the war we’re having with China and Russia. It’s it’s not physical war per se. It’s actually cyber war. So cyber security is the big big money maker. Even cyber penetration testing. Right? I think Gmail is trying to get like all these malicious actors trying to attack the Gmail servers like a million times a minute. Something crazy, right?
And if you look at the history of America, right? So, Manhattan, 1600s, the price of Manhattan. It was essentially stolen from the natives. Right? 60 guilders, right Louisiana purchase, you know, to fund Napoleon, California. Also kind of stolen from the the local Mexicans right? And also Alaska right. The the payoff was great, right, and so essentially the Bitcoin Act, the Cynthia Lummis Bill, she’s trying to get the States to buy at least a million bitcoins right? And you know even a Michael Saylor is much more aggressive. He’s like no America should at least purchase maybe 5 or 6 million bitcoins, which is 20 to 25% of the whole Bitcoin supply. And all America has to do is a free trade. They just need to sell their gold and then buy Bitcoin.
And in a recent interview that I was listening from Saylor.
super fascinating, is like essentially what he said was the super evil genius strategy of America selling her gold reserves and buying Bitcoin is that if that’s the case,
we demonetize our enemies.
You know, gold capital reserves.
So then suddenly, the the gold of the Russians, the Chinese, will go to 0, and then everyone’s going to rush into Bitcoin. And if America owns Bitcoin, it’s a good sign for the future.
And also another big thing I want to talk about. Why does America have the best economy on the planet?
So we essentially gave birth to Apple Amazon, Facebook, the magnificent 7 stocks, Netflix. And you know, people talk about China. It’s like. Okay, I don’t know a single rich mainland Chinese oligarch who doesn’t want to send their kids to the States to Harvard or Yale or Princeton, you know, buy a nice house in Palo Alto, the Bay area, or even Vancouver.
No rich mainland Chinese person actually wants to be in China, but because of capital controls, they’re kind of stuck. So once there’s going to be a mad rush to Bitcoin. That means that you, your family, your whole squad, is going to prosper now.
My friend Dante had a question about storage. So I think the hard thing with storage is okay. So how do you say this?
This is my personal philosophy. The reason I do not personally trust cold storage for myself or more of these self custody options is that I know that I am very forgetful, and my biggest fear is, let’s say, I forget my passcode, or whatever is right to the Bitcoins. And or let’s say, my kids, kids can forget it right? Then boom like, you’re gonna be out like a hundred 1 million dollars. Right? So that’s that’s not fun, right? And so personally, I think the easiest is to just, you know, store it on the cloud. So, using a trusted custodian, whether it be coinbase. I think fidelity has their own services now.
And the you know honestly, it seems like Coinbase is probably the best option,,, coinbase.com, or you just download your iphone ipad. Whatever right is that you could also get a link with your biometric apple id data, whether it be face id or thumbprint. Whatevs right? So this way, it just feels much more secure.
So for me, I would prefer an 80 to 85% optimal thing that is kind of dummy proof rather than take the 100% secure option which, because of user error, I might fail, and something that I personally learned is in terms of technology. And all these things in between
seeking the simplest, most straightforward option
that is least complicated is often the best solution.
And the reason I would be very, very wary of a lot of these people promoting, you know, buying their hardware wallets. Whatever right, everyone has a buck to make. Everyone has a bitcoin to make. Everyone wants to make a few satoshis here and there.
So they’re trying to fear monger us. Oh, you’re gonna you know, Coinbase going to get hacked. And I’m like, no, I don’t think it is. It’s like, you know, back. It’s like essentially a Us. Government backed institution, you know, it’s essentially it’s traded on the the the US Stock Exchange. It’s a American based company. I would not trust anything outside of the States.
If you’re super, you know, quant genius, autistic genius, then do all the cold storage stuff. But if in doubt, just the simplest thing is, coinbase seems to be the best.
Okay, so this is kind of my free money hack. So I call this microstrategy, strategy, mstr microstrategy versus bitcoin. And okay, so it’s very, very simple. So this becomes a philosophical debate. To say it short.
I think the ultimate goal is to own Bitcoin, he or she, or the entities which own the most Bitcoin shall win.
And so for me, philosophically, you know, let us say that you could own, you know, 20 bitcoins, or you could own 2 million dollars worth of micro strategy. Mstr. Stock. Right?
10-20, 30 years from now, right?
With MSTR you’re going to actually outperform Bitcoin. You’re actually going to make more money from microstrategy stock than Bitcoin. So Bitcoin, historically, has been 60% to 62% ARR annual rate of return MicroStrategy is almost double that 120 to 125 ARR. So if you actually want to maximize your returns, you just buy microstrategy stock mstr.
The issues is, you know let us say that Michael Saylor gets shot. He gets killed. He dies in a Cybertruck self driving accident whatever. Right? Then, it’s probably not going to be the world’s best future for microstrategy. So it’s actually much more risky.
If you want the least risky option, just put all your money into Bitcoin.
And some millennial living strategies. Right? So the the simplest strategy I have, I call it the Spartan strategy. This is why I personally follow. Is you essentially try to live as minimally and frugally and sparse as you can, and just put literally 90% of your income into bitcoin.
And a free money hack I discovered. So, for example, let’s say you have $150,000 or €150,000. Right? And you know I’m not 100% sure how it works if you’re a European.
Anyways what you do is you buy microstrategy stock. So let’s say you buy, you know, $100,000 or $150,000 worth of it right? And Mstr, and you use fidelity, or robinhood, or whatever trading app you have. Right.
And the strategy is simple.
Let us say the base case is $150,000. Let’s say your microstrategy stock value then goes up to $200,000. Right?
You sell $50,000 worth of it, and then you just transfer that to your bank account, and then your bank account is linked with your coinbase account. Then you just buy the Bitcoin — rinse and repeat.
So very, very impressive over the last 3 months, I started with initial seed capital of around $150,000 in microstrategy stock, off of that $150,000 right and I haven’t even touched my principal. I yielded $242,000
off of that initial $150,000. Once again I didn’t touch any of my principal. So essentially I made a free $240,000 dollars … in just 3 months!
And also for traditional Roth, Roth, Ira retirement accounts. I put everything into microstrategy stock, and it had already like 3x’d.
For example, My roth, Ira, just kind of randomly was like was $78,000, and then the course of 3 months it’s like now, $230,000. It peaked at around $300,000. So it’s going to be a good future.
So the the very simple strategy– cut and reduce your expenses to a bare minimum.
So let us say you’re able to get down your living expenses to let’s say you know, $5,000 bucks a month or €5,000 a month. Right? the point isn’t to just make a bunch of money and just go out and buy the Lambo. The the goal is actually to continue to live frugally. If anything live more frugally.
So the funny paradox here is that when people say they want to become a millionaire, but they’re really mean to say is I want to spend $1 million. 
But the funny thing is the second you go out and you spend $1 million, you then become worth zero dollars.
So actually, the game then is to stack your capital indefinitely and to see your numbers go up forever.
And then the hilarious thing assuming that you’re like some sort of greedy money rich person, you actually continue to live as frugally as possible, and not touch your capital. 
I think one of the wise ways to think about money is like heat loss. For example, if you’re super effing cold, do you want to seal up the window windows and the spots of your house which loses heat.
The same thing is with money and capital. You want to stop the capital loss.
So for example, the number one thing is the whole vehicle thing!
Never ever ever ever ever purchase any vehicle that requires premium gas. This is like the stupidest mistake of all time.
You continue driving your old Toyota Prius, and just pour all of your money in Bitcoin, because really the truth is and this is my philosophical thought is, there’s almost nothing worth on the planet purchasing.
Besides, Bitcoin is my philosophical thought.
The only thing worth purchasing on the planet is bitcoin. 

Also some even more super smart economic leverage.
Instead of paying an arm and a leg for rent in La or New York. Brooklyn, you just move to like Southeast Asia.
So if you move to Southeast Asia, you can live like a king, for like $300-500 bucks a month. Right? You just put all your money to Bitcoin.
So even if you had a modest savings, right, let’s say you had like $200,000, and you have microstrategy stock.
Let’s say every month of the month is rent is due, and the expenses are due right? You just sell a small portion of that stock, and it’s going to go up.
So my thought on the next 4 years, microstrategy, assuming it’s around 2x Bitcoin. I think Bitcoin is going to go up 120% ARR. I think microstrategy is going to double that 240% ARR. So just do the math.
At the end of every single month in which expenses are due, let us say it’s like $1000 bucks or something… You just sell $1000 worth of bitcoin or microstrategy stock to just afford your lifestyle. 
But ultimately my personal thought is whatever excess, money and capital you have just put it onto Bitcoin.
So the microstrategy then ends up becoming the engine or the turbocharger or the cash cow. You milk it, and you shave the cream off the top, and then you buy Bitcoin with it.
So I think the reason why to me Bitcoin is such a fascinating thing, and very exciting, is essentially Bitcoin is digital photography.
Peter Diamandis, the X prize guy. Right? You know, he talks a lot about kodak film. You know the iphone and disruption.
So actually, intuitively, as photographers and digital photographers, we should actually understand bitcoin. You know, this disruptive power about digital photography. So obviously, you have the hipsters with their mustaches and their flannels, you know, talking about the virtues of film photography.
But the truth is, digital photography is like a quadrillion times better than film photography.
And also currently, in the year 2025, incoming
digital photography is actually superior to film photography.
In the early days of digital ,,, digital photography sucked. But now, at this point, digital photography is far superior to any sort of film photography, and the only reason you should shoot film in today’s world is either as like a practice to appreciate the joys of photography. So the philosophical approach. Or you know, you’re trying to be some sort of like, you know, snobby fine art photographer and overcharge money for your photos. Then you shoot film.
Because honestly, the the fine art market, they’re always going to overvalue film photos over digital photos, because it’s more complicated. It’s more strange, right? So in the art, in the art world, the more complicated, abstruse, and complicated, you can make your art the better. But for us,
where we care about practical things, yeah, think about Bitcoin. So think about the iphone iphone pro versus your mom’s kodak Browning camera. I think the the thought is obvious. Okay.
Very simple. Just download the coinbase app. Buy Bitcoin.
If you don’t want to actually own Bitcoin, you just want to make a ton of money, just buy micro strategy stock Mstr, and use your traditional
accounts. And I still think that this is the biggest thing is that everyone wants to become a millionaire, right?
But you know what I think people want to do is
they don’t want to earn like, okay, okay.
people want to spend a million dollars.
They don’t want to actually save and build a million dollars right? And so if you think about, you know, money and
capital digital capital, I think about like Lego bricks, right? I just went to Legoland. Senecall is great. So let us say that
each bitcoin, or dollar or 1 million dollars like these. Let’s say these are Lego bricks right? The goal is, you want to build your Lego Tower brick thing as tall as possible. You don’t ever want to
get rid of your bricks and throw into the trash. That’s essentially what consumerism is. And this is actually another big philosophical thing I discovered is, what’s the difference between capitalism and consumerism. Consumerism is actually the exact opposite of capitalism. Capitalism is about accumulating wealth.
building your capital and not spend it right. Even one of my favorite Kanye quotes is like why people make money don’t spend it. But I’d rather buy 80 gold chains go ignorant, right ignorant. And so the pernicious thing that happens in a lot of communities, especially poor communities. Right? I’ve seen this happen with my own eyes. Right?
Happens to Korean people. It happens to everybody, right? Is that you know you live in a crappy apartment in K. Town with 20 other dudes. Yet you drive the brand new Bmw. And you’re not building any sort of generational wealth. Right? And so essentially, yeah, you want to build the capital and not spend it. And essentially, you want to start to intelligently leverage your capital
to give to your future kids or your descendants, or whatever you want to do. Now, the hardest thing about Bitcoin is stomaching the volatility so volatile, mean. Just it goes up, it goes down, and then, like honestly for most people, it’s going to give them like 5. 100 heart attacks over right now
I think of a Bitcoin kind of like nuclear energy, so
nuclear energy in the untamed formed is obviously toxic could cause the next Fukushima whatevers right? But if you have a bunch of smart people, engineers, nuclear physicists working in a controlled manner, right? It’s like the greatest benefit to society, because to humanity, because essentially, you’re giving people free electricity forever. Right? And
I think my personal thought is the volatility is a future not above. So the reason why Bitcoin goes up and down the sideways so much all the time, and you can have huge swings
is because you could trade a 24, 7, 365 on the weekends in the evenings. Right?
It still befuddles me that in the year 2024, 2025 like. Why is it that you know, after 5 pm. You know Eastern time, or on the weekend Saturday, Sunday like, why did they close the market? So what if there’s another Cuban missile crisis. It makes no sense right?
And also the reason why it’s so volatile is that it’s actually the most
desirable commodity on the planet. And there’s all these people with these weird Bloomberg machine terminals, whatever they are, always pegging everything to the Bitcoin. So a lot of people ask about ethereum dogecoin webs, right. I think Bitcoin is the only true.
Everything else is the false prophets. Everything else is the false coins. The immaculate conception of Bitcoin and Satoshi.
I think this is actually a big deal, because anything that is not Bitcoin, you know, ethereum and the like. They they need some sort of spokesperson, or, you know, individual to prop up the value right, whereas Satoshi, he invented it, he disappeared forever. Now the reason why this is such a big deal is that
every other crypto thing which is not Bitcoin.
It does not have a hard cap
like you could print more ethereums. You could print more. Whatever tokens you cannot print more bitcoins, and that’s that’s the big thought.
So. Volatility is vitality. Eric Kim. I actually didn’t say that. Sorry. That was actually Michael Saylor. I typed that in wrong. But essentially
you know, volatility is vitality, and the more volatile the more energy the power you have, the more vitality you have. So once again, people think of volatility as being risk. That is actually not the case. Bitcoin is going to go up forever, but it’s going to be like an extreme roller coaster and go up down, but with extreme swings it’s extreme performance. So
yeah, volatility is not risk. Volatility is just going up and down a lot, but essentially over a long enough time span. It’s going to go up forever.
So I borrowed a lot of slides quite liberally from Michael Saylor. Some of these are from his recent Microsoft. Pitch. And yeah, just go. michael.com go to his presentations looking at yourself. So I’ll just make some quick points. So
essentially, currently, Bitcoin is like a 2 trillion dollar asset class right? And this is also from Jesse Myers once in a species.com. And the reason why this is important is currently you know. Let us say the whole world’s economy is 900 trillion dollars, right? And
what we have our eyes on is real estate. So real estate is, you know, most people don’t really just use real estate as a place to live right? Otherwise, you just rent. People use it for a long term store of value. So, for example, if you’re a really really rich family from New York City, you own, like 10 square blocks in Manhattan, and, you know, does your descendants sell, you know.
a square block to buy himself a few Ferraris. No, that that would be a bad strategy. So the the tip I have for any single person trying to build intergenerational wealth. Keep it simple. Only one rule. You don’t sell the Bitcoin. If you face extreme poverty or financial distress, I don’t know. Become an Uber driver or something. Pay the bills, but don’t sell the Bitcoin.
and currently I think we’re going to see is Bitcoin is just going to take over the gold market, which is 16 trillion dollars, maybe the cars and collectible art market.
Now, a big thought is this is from Michael Saylor once again, is that
all these assets on the planet.
Some of half of it is to provide utility. Right? So, for example, you know.
let’s say you need you need somewhere to live right? No so that provides utility right? But then, again, some of it is to preserve capital right? And
as a 36 year old millennial nowadays. The pressures. Oh, you got to buy a single family home today, right? But the the reason I get so sus of people saying you should buy a house is that they’re like, oh, you essentially need somewhere to live. You’ll build capital. Blah! Blah, right? You don’t want to give money to land, but it’s like no, you only need one reason like you would only ever buy a single family house. If let’s say you really like having a backyard and a garage, or what is right. But it’s really not
a money making thing, because homeownership is like a trillion, times more expensive than you would otherwise think, and as a consequence, with a single family home, even if the price is going up right
at best, you might be breaking, even if not, you know, slowly bleeding yourself. Because, let’s say, real estate is on average, going up 10% a year, right? The money supply the inflationary. M 2 supply is 15% a year. So you’re actually kind of losing money.
So the big thought is once again, you know.
the optimistic thought is eventually all these long term sort of things are going to become digital capital. I still think about this, the Warren Buffett. They’re all gonna die. And then, when we, you know, take the take the mantle. What’s gonna happen the next 20 years, even if you’re 80 years old right now? 81 years old. Shout out.
You know, I think I’m optimistic. We could live to be 100 20. So yeah, this is definitely the next wave. You’re not going to want to miss right? And you know, currently a lot of millennials. People like everyone wants to buy the Lambo or the Ferrari.
You’re you’re going to lose the value of it in about 3 years. You want to live forever.
So these are some kind of conservative growth estimates, according to Michael Saylor’s Bitcoin 24 model. So in about 21 years, and this was still pretty conservative. Right? Bitcoin is going to become a 280 trillion dollar, you know thing right? So going from 2 trillion to 200 trillion, so at least 10 x. So you’re conservatively, you’re going to see your money at least 10 x in 21 years, which is pretty cool. Right? It’s not going to take over all these other things. It might, but it might not.
Now people always ask.
what is Bitcoin backed by? So I did the maths right and based on what other people say, too essentially the Bitcoin network. If you took all the apple Amazon aws servers, Meta.
combine them all times 20, you could still not hack the Bitcoin network in in terms of the raw power that goes into powering. Think about like 20 nuclear power reactors powering the thing right? And also people don’t understand is there’s already been 850 billion dollars of quote, real money investment thing follow Blackrock. They just recently recommended most of their
you know, owners to allocate at least 2% of their portfolio into Bitcoin, which is kind of a big deal. Look about what Larry Fink says. Blackrock is like what they own. What 40 trillion dollars of assets around the planet. They’re they’re kind of a big deal. And also it’s a network effect. So you remember, in the early days of Facebook. It was only it was only university students with the Edu address were allowed to join in. Then they opened up to everybody, and the network effect of Facebook is that
if you have Facebook and I have Facebook, then Facebook instantly becomes more valuable to both of us, because I can now share my photos with you, whatever’s right. But then, if your friends friends also have Facebook, it becomes much more valuable to everything. Same thing goes with facetime right. The reason why I got you know I used to be a Diehard android dude. Now I’m like all icloud everything. It makes life so much easier. You get your mom an iphone. Now you get facetime imessage. It makes life way better.
And so Bitcoin is going to be the same thing as more and more people are going to continue to download Coinbase or Whatevs. And also my optimistic thought is, if Apple doesn’t want to become irrelevant, it’s I’m very certain the next 5 to 10 years. Apple is going to have their own
Bitcoin storage thing in your icloud account. It makes sense right. They have apple pay. They have the apple wallet. Essentially.
apple is the new bank. And so now, when they do like a you know, a 3 device authentication for your bitcoins through your iphone, your ipad and your macbook pro whatevers.
It’s actually it might actually be one of the most safe ways to store your bitcoins.
Also things to think about. If you’re a traditional investor
so there’s this notion called the cost to capital cost to capital that Michael Saylor says a lot. I might be getting this wrong. But
essentially the S. And P. 500 right?
on average, is like 14 to 15% return year over year. Right? So if you’re not making at least 15% or over 15% a year, you’re essentially losing your bleeding money. So real estate gold bonds is kind of a losing bet, right? And so the magnificent 7 which all the big tech stocks 28%, a little bit better, right? But look at Bitcoin. It’s like 62% year over year. And it’s kind of the obvious bet, right?
And even if you think about you know, everyone’s talking about Nvidia Tesla. You know what is right.
I think the reason why the mainstream media they don’t like to talk about micro strategy is that it’s still a little bit too weird and bizarre. And it’s not as buzzworthy as AI, because, okay, people like to think of this like evil Terminator AI, the video going to take over the world and find it right. But nobody is like Bitcoin, like
Bitcoin is not an android walking around 2 feet, taking over the planet right? So people actually don’t like to talk about Bitcoin. And for so long people thought that Bitcoin was a Ponzi scheme right. No one ever thought that AI was a Ponzi scheme. So the video always catches the headlines. But look at microstrates, look at the best performing stock on the human unit in the human universe
over 3 x. That of Nvidia, which is already impressive, and Nvidia is already destroying Tesla by a massive margin as well. Right? So
I mean? That’s that’s pretty obvious, right?
Even Donald Trump watches a Nashville presentation. He quotes Michael Saylor directly, says, Never sell your Bitcoin. Apparently Eric Trump, the son of Donald Trump has known Michael Saylor for 20 years. I’m not sure if that’s true or not, but if that’s the case.
I’m like a hundred percent certain that. You know, Michael Saylor essentially has the left ear of Donald Trump.
And yeah, it’s it’s a it’s a very good thing.
So if you want to plug and create your own models. Google, the Bitcoin, 24 model. It’s on Github
plug in your own assumptions.
And this is the big thing that I have my eyes set on. So currently, you know, it’s December right? And everyone’s waiting for the trump to get into the office January 20.th So this is a tricky thing. So I used to be Super Anti Donald Trump, right? Because I could care less about politics and stuff like that right? And
but
one Donald Trump became super super pro bitcoin. I started to listen and start watching all his interviews and looking like honestly the you know, I’m from the Bay Area like Liberal Democrat, my whole life right? And actually, I kind of realized, wow, the the left leaning media is kind of the they’re kind of the evil ones here. And Donald Trump, he seems actually kind of like a cool, nice nice nice guy, right?
And the big thought is.
there’s no, there’s not going to be a World war 3. What is right? And Bitcoin, under the trump administration is gonna explode, and it’s gonna be the
the greatest 4 years of prosperity of all time, and this once again coming from like a super left leaning liberal. So this is a good thought so. Anyways. Let us say, you know.
America leads the charge in the crypto Bitcoin revolution. Right? And yeah, I think
assuming that America really wants to control the future. I think the America purchasing 6 million bitcoins is not fully out of this this planet. Right?
So some thoughts on building personal family wealth.
So the reason why I think this is kind of a big deal is that
everyone wants to build wealth right. Everyone wants to be intelligent with their investing. It doesn’t matter if you’re a nonprofit, a charity, a church, Mother Teresa, like every single organization, will always need money. Capital. If you have an endowment, you know, for Harvard, Yale, Princeton, Stanford Brown University. Whatever even the Uc. Is right, everyone needs money and capital right.
and I don’t like to think too much about the macro, because I’m not an institutional investor. I just think about myself, my family, my best friends, my squad. Right? So the goal is building personal family wealth and how to intelligently invest. So a lot of people talk about timings. Oh, when should I buy Bitcoin? Should I time it the high. Then people take out these charts and these candlesticks, which is all just witchcraft and pseudoscience don’t follow any of that.
Essentially the thought is.
anytime is a good time to buy Bitcoin if it’s high, low, Middle, whatever. We’re going to keep buying the top forever. So recently I bought some more Bitcoin at $100,000. Right then it dipped down to 90,000 to 88,000 hit 103,000 again, and so I’m pretty sure that in 1020 years I’m going to be buying Bitcoin at 1 million, a Bitcoin, 10 million dollars a Bitcoin, 55 million dollars a Bitcoin, whatever is right, and because if you do the simple math, just think at least 4 years ahead, right? So if I could tell you with 100 certainty that Bitcoin is going to be 1.2 million a Bitcoin
in 4 years
as long as you’re buying it for less than a million dollars a coin. You’re going to be in the green like it’s it’s kind of a a good bet, right? And actually, also, ironically, my personal thought is
chasing gains is a good thing, but also it’s it’s a good idea to not get quote greedy in the sense of maximizing your gains. So so, for example, right like, what’s the difference between getting a 38% yield and a 32% yield like the the difference is nominal. Don’t don’t worry so much about maximization, because even a lot of what I thought my trades were bad
2 years ago ended up being right. So as investors, we have to think at least 410-20-3040 years ahead of us. So don’t worry so much about the the short term
so practical and pragmatic investing strategies right? So once again, so if I had a simple blueprint, so
some some simple thoughts.
there’s lots of different blends. You could do this, you could. You could be super simple. Just 100 to Bitcoin, buy it on Coinbase what is right, and just keep stacking forever.
100 legitimate. That’s the Bitcoin Maximus opposed the triple, triple Maxi, the triple Maximalist approach. If you just need to pay the bills whatever, and still stack the Bitcoins. My personal suggestion is put 80% of your wealth into Bitcoin and 20% of your wealth into micro strategy Mstr stock. And once again. This is this is what you do. So let’s say, for simplicity of math. Let’s say
Let’s say you have a million dollars or a hundred $1,000, or you use whatever kind of a number you want, right? So put 20% that to microstrategy stock whenever it goes up
beyond the principal, sell some of that stock and put that into micro strategies. Sorry. Put that into Bitcoin, and or use that money to just pay your your bills. So once again what I personally did right?
$150,000 working capital into micro strategy Mstr stock. And let’s say, when it goes from worth $150,000 to $160,000. I’ll sell $10,000 worth that stock. That $10,000 gets deposited to my checking account, which is linked to my coinbase. Then I’ll just buy $10,000 worth of bitcoin right? Or, if you need that, $10,000
for living expenses. Let’s say
you need $3,000 to pay your rent. You take $3,000 of that to pay your rent, and you put the other 7% of that into Bitcoin.
also some other definition. What’s the difference between being an investor, a trader versus speculator?
So an investor, we want to be investors. We want to think about (102) 030-4050 years ahead of us. A trader is a bunch of these, like 20 year old. High testosterone degenerates, you know, single, you know, maybe addicted drugs, or whatever right, who just want to like look cool. I made a billion dollars in a month by using all these complicated
statistical models. Blah! Blah! Right? But you don’t. You don’t want to be a trader because essentially it’s
nobody could time the market. Not even God could time the market right. And what a speculator is people who invest in meme coins. So a meme coin is like buying a Dogecoin or shiba Inu, that the reason why these are not you should not do this is that it is extremely dangerous. You’re going to lose all your money, and it requires
a charismatic leader to support it. So Dogecoin, right? Dogecoin is essentially elon musk coin right?
But if one day Elon musk tweets. Ha! Ha! Doge was just a joke all along, right. It’s not worth anything. The value of it will pump it to 0, or if once again. Elon dies in a you know a robo taxi accident. The value of dogecoin is going to go to 0, whereas if Elon Musk dies, you know Bitcoin is going to still keep going up forever. So speculator is meme coins beyond bitcoin us Bitcoiners. We’re we’re investors.
So you know, somebody also asked about, you know, monetary inflation right? So there’s this thing called the M. 2 monetary supply of the the rate rate inflation.
And once again you’re going to have to exceed at least 13% to 15% to
not lose money. So, for example, let us say, you have a billion dollars of us dollars in your checking account. Right? You’re going to be bled to death. Right? So in a year, your 1 billion dollar is going to shrink to 750 million down to 500 million, to 350 million. And essentially, you’re going to get a point where your money is worthless.
And already we see this right now. So currently, the price of real estate, single family homes is exploding. But this is my critical view. How much of that is that the value of a single family house is higher versus our Us. Dollars are just simply worthless. Right? So if you just do the same simple maths, right?
So let us say that. You know, minimum wage goes from $15 an hour to $20 an hour overnight for Mcdonald’s worker. Right? That means instantly. You see, 25% inflation. So your 1 million dollars in the bank is now worth only 750
$1,000. So yeah, once again. The real real rich people. They store less than 1% of their wealth in
Us. Dollars in their checking account like, you’re not gonna have Jeff Bezos bragging to other people that he has 10 billion dollars of us dollars in their checking account. No, it’s it’s all going to be in you know, stocks, or, you know, real estate. And actually, ideally, Bitcoin. Cyber cyber capital.
So yeah, that’s that’s essentially the the end of my presentation.
So the Bitcoin revolution, the revolution will be televised. So, starting off.
First, what is Bitcoin? Why does it matter?
So I think the 1st important critical thing is trying to consider and think you know what is Bitcoin we’ve all heard about in the news we heard about Bitcoin as being a Ponzi scheme, a pyramid scheme. And honestly, my mom has gone through her fair share of Ponzi schemes like she she got suckered by the whole Amway scam.
I think the reason why Bitcoin is so important and critical is, Bitcoin is like the early days of the Internet. So if you go into a time machine and you could tell somebody in the past, okay, you know, in the days before email existed. Right? So okay, once one day, you know, everyone’s gonna have a supercomputer in their pocket. They’re using it to check all their bank statements. You’re going to be able to use your camera on your phone to scan your you know your checks, your bank account balances. You can use this to send money and messages and videos to everyone on the planet. Instantly everyone would have thought you were crazy.
and I think one of the biggest misconceptions about Bitcoin.
So a constructive way of thinking about bitcoin is trying to figure out what bitcoin is not.
My personal opinion is, I do not think that Bitcoin is actually cryptocurrency. I think currency is the Us. Dollar, and I think one of the biggest problems about the whole field of crypto and cryptocurrency is everyone is like a crypto anarchist, which means that they want to see the Us. Government and all the governments on the planet fail, and they can essentially live in peace and silent without interference from the Government.
Yet, you know, obviously, at the end of the day, it’s nice to have public streets. It’s nice to not get robbed in the streets. And actually, I think one of the biggest misconceptions about Bitcoin is. People think that Bitcoin is trying to replace the Us. Dollar.
But my personal thought is, Bitcoin is going to be a supplement to the Us. Dollar.
Essentially, I thought this a long time ago that essentially Bitcoin is digital gold to hedge against inflation, which means, as our money, our Us. Dollars, or our euros, or our local currencies become devalued.
The upside is, our Bitcoin will become more valuable. I think the best analogy that I got was from chairman of microstrategy mstr Michael saylor, essentially thinking that Bitcoin is is not digital currency, but digital
real estate.
So I think this analogy is better, because nobody’s on their zillow, you know, 20 times a day, checking their home prices right? And this is my mad Max Post Apocalyptic perspective. So imagine the future where there’s, you know, essentially
there’s this like nuclear fallout. And you know.
there’s no inhabitable places anywhere. And let us say, there’s only 21 million single family homes left on the planet for anybody to live. Obviously, sooner or later, you know, people are going to want somewhere to live. And so I think the best analogy, I think, is Bitcoin as digital real estate, which means that with digital real estate.
You know, a lot of people are like– I want to quickly make money off of Bitcoin. But how do I make money off of it? It’s kind of like the early days of real estate. So if you bought Manhattan in the 1600s, you know, how do you monetize it? And I still think that we’re in the very, very early days of bitcoin and institutional adoption, which means you’re going to start to see New Bitcoin products come out. So some simple thoughts. So we’ve all heard stories of Scumbag San Francisco based scumbag landlords, you know, charging an arm and a leg for their tenants, and we all hate the landlords, I think with Bitcoin we’ll become the new digital landlords, which means effectively, we will in the future be able to like rent out our Bitcoin. And you know, let’s say we have one bitcoin right, and it’s and then I think that the personal math I like to do in my head is thinking that one Bitcoin is equivalent to one single family home. So I currently live in Los Angeles, in Culver City. It’s kind of insane. A single family home. I’ve even seen some in my neighborhood for 4.4 million dollars. The average Median household single family home is around 1.7 million dollars.
So in my personal mind, where I think Bitcoin is a trillion times more valuable than physical real estate land, because you could always make more of it. It’s not a real scarcity.
A single family home, and the price of a Bitcoin should be pegged to another.
So in my mind I still think of a Bitcoin at least 1.1
1.7 2.1, maybe even 4.4 million dollars a coin. And I think this is a very very fascinating idea, because also, you know, people say, Oh, but Bitcoin is not real. Money is yeah, but like our dead, shiny rocks. Aka. Gold money either, or is fiat currency, you know pieces of paper. You cannot eat pieces of paper to to live. And I think one of the most interesting things I learned about the philosophy of money is that essentially all money is just existing in the minds and souls of men, the value for men, is all essentially subjective.
Money is not “realâ€, but subjective.
Now, what makes Bitcoin so fascinating to me is that it’s the 1st time in human existence, you had a hard cap supply of money.
So, for example, people often talk about gold, right? So the issue with gold is at the time it was the least bad form of money, because it was very, very scarce. It was difficult to find. It’s difficult to mine and transport. Yet there was lots of good properties of gold. It’s, you know, essentially it kind of lasts forever. Aesthetically, it looks beautiful, the nice yellow color of gold mimics that of the sun, and you know, at least back in the day, let’s say you had gold coins it could easily fit in your front pocket whatevers.
But now things become a lot more difficult because we’re living in the 21st century, the 22nd century you know, we would have flying car drone robo taxi, self driving car waymos. It’s like, Why are we still using an antiquated digital framework of modern day banking swift code accounts?
If you’ve ever tried to send money, you know, from the Netherlands to South Korea, to Nigeria, to Lagos whatever you find that the the whole SWIFT system is kind of like a bunch of gangster mafiosas like even my mom is currently living in South Korea.
Example if I want to just send my mom a small sum of money, it is insane,  it takes like three or four days, and the wire transfer fees like 55 bucks, I hate this. This should be done instantly. Therefore the thought of bitcoin, being able to quickly and effectively and securely transfer value across time and space without a trusted intermediary is a big big deal, a big big revolution.
So why does Bitcoin matter? It’s kind of like asking somebody why does clean water matter so one of the things I love about Michael Saylor, and I highly recommend watching all of his videos. @wsaylor. It’s essentially Twitter or X or michael.com.
He uses this analogy of sewer water. So let us say, every all 8 billion people on the planet are all drinking sewer water, and people are dying of dysentery, and people are saying, I don’t get it, you know I exercise, you know. I
you know I eat healthy exercise every day, but I’m still dying of dysentery. My kids are dying of dysentery, and so the whole issue is that if you’re drinking sewer water, no matter how healthy your lifestyle is, how virtuous you is. It don’t matter. You’re going to be, you know, dying of dysentery, or perpetually sick.
And so, if we think about these physiological terms, and apply it to Bitcoin and money and digital capital. This becomes really fascinating because my personal thought and you know, also, I grew up in a family of poverty, poverty, meaning that I thought I was going to be homeless at least 2 or 3 times. My dad was perpetually addicted to gambling with the rent money.
So what a lot of people don’t understand about growing up in poverty, and prosody is that the logical strategy that you never know when your dad is going to steal your money and gamble it away, and therefore the smart strategy is actually to spend it all right now! Because you never know when he’s going to look in your piggy bank, your personal checking account that your mom put away for your college, or even take your hard earned $3000 as a 15-year-old bus boy at your mom sushi restaurant, lying that you’re going to invest in some business, leaving to LA for about a month, gambling it away, and coming back empty.
When I think about it, this is actually super sad. Once again when I was like super super young like two years old, my mom tried to make me a savings account, like one of those checking or savings investing accounts for kids, and she might’ve had a nominal amount of money in it, like 200 or 250 bucks or something. And she told me the sad news is that one day when she checked up on it she discovered that the money was gone. Essentially my dad even stole away that $250 from my child savings account for college, once again feed his gambling addiction.
So once again, as a kid growing up, I never had this ethos or tactic of saving. Because we literally cannot come every dime that my mom made was fun into paying for groceries and rent.
Therefore I like a 15-year-old kid, my thought was I’m going to take every single penny, I can immediately go out buying some new sneakers, you know, buy some cool clothes, and I literally had $0 in my bank account.
So I think the pernicious, vicious cycle of inflation is.
You cannot blame people for not saving up capital for their future if the money itself is deflating at such a rapid pace, and so I personally think that you know Bitcoin is like giving every single person on the planet like unlimited free Fiji water, or the best alkaline hipster water whatever water you want. Essentially giving people clean water. And
a lot of people say, Yeah, but Bitcoin is not real money. It’s a okay. So I think this is a big this is a big shift for me also, personally.
My personal thought is, Bitcoin is actually more important than money.
So we should not think about money. We should think about capital. I think capital is a lot more robust and strong as a concept. So, for example, capital comes from Cap CAP. Like upon your head. K-ap. Essentially it came from the head of oxen. So if you read the Iliad, the Odyssey essentially, every time you want to appease the gods, you have to sacrifice a hectacomb, Hecta means 100 a hundred head of oxen to appease the gods.
And you know, obviously, that’s very expensive, like, can you imagine, if you know you sacrificed a hundred Lamborghinis to appease the gods, it would be quite expensive endeavor. Right?
And so, capital. We all live under Capitalism — it doesn’t matter if you’re living in Europe, Africa, Asia, America, China, and also one thing that people don’t understand is, I think, what a lot of these people, maybe 4 or 5 years ago, China is going to take over. China’s not going to take over. China is dependent on America, and effectively, the Chinese Yuan the CNY is essentially effectively pegged to the Us. Dollar and the Us. The US is essentially the world. Reserve currency and capital is what we seek, not money.
Talking about currency, so currency is like, you know, buying a Starbucks Frappuccino, or buying a in and out Burger. Right? That’s like money currency, right?
Capital is essentially long storm, long term, store of value. So it’s building generational wealth.
So one of my favorite songs from Kanye West is the off the grid songs that we off the grid grid grid this for my kid, kids, for when my kids, kids have kids.
And I think this is also the big thing is a lot of millennials, nowadays, I think the disincentive to have kids is because there’s so much fear mongering about the the future is gonna become uninhabitable, you know boil the seas or whatever. So there’s not going to be a future. So essentially, there’s a strong sense of pessimism.
But Bitcoin, to me is like solidified optimism, which means that the future is going to be glorious and great. And you know, even having Seneca right now, think about his future kids, kids, kids, or my future kids, kids, kids.
It brings me so much joy. Because the simple strategy, you just keep stacking Bitcoin until you die, and then you hand it on to your kids. Your kids give it to their kids kids. It’s like, if you owned, you know, a hundred penthouses or 10 square blocks or 20 square blocks in Manhattan, on the main island. Do you ever sell that to buy a Lamborghini? No! That’s not what one does, or liquefy it all into us dollars and brag about how many billions of dollars you have in your bank account.
Nope, that’s not the goal– you want to build capital. And traditionally it’s been real estate. But once again, real estate was a good idea. In the 16 hundreds, 17 hundreds, 18 hundreds, 19 hundreds, or 2000s. But then the subprime mortgage meltdown proved that, you know maybe it’s not always the best idea.
Real estate can go down.
And I think the hard thing is, people say, Yeah, but you know, real estate, you know, essentially, everyone needs somewhere to live, and it’s historically, the value of real estate is always going to go up forever. Now people say that the tricky thing is the pace of monetary inflation is around 15%. The best thing is to either chat Gpt or Google The M2 Money Supply. And essentially what you will find is
that the money supply is essentially a metric in which the Us. Government, or any other government on the planet, includes the euro and stuff. They keep printing more currency. And the reason why then this becomes an issue is that if you have more currency in the system that means the individual value of each unit is going to go down.
I call this the shake Shack Burger incident. So me and Seneca we used to always buy a single burger, patty, for $1.49, $1.50 … and one day we come and they say no it is $2.50, a party.
Why this makes no sense is like, yeah, we just increased the minimum wage to $20 an hour from $15 an hour. $20 an hour for fast food, and the hard thing is with minimum wage. You cannot rewind the the hands of time. If you suddenly said that the minimum wage is only $17 an hour, there will be riots. The streets would not be not be good.
So we’re all photographers, you know, street photographers, whatever. And the hard thing with digital is in our minds, digital is infinite and free. So, for example, I could take a copy of Mozart’s 5th Symphony, or whatever, as an mp3, file, and I could copy and distribute it a trillion times with 0 marginal cost right?
So this is where the notion of cyber becomes more interesting. And I’ll think about like, you know, cyber punk thinking about cyber truck.
It’s essentially once again, mathematically, cryptographically, that the hard science and the hard math is there can never be more than 21 million coins
in existence come up forever. Even if you took all the quantum ultra computers on the planet, times it by 20, you still could not produce more bitcoins. It’s just how it works right?
One Bitcoin is like one cyber-ox, and it’s immortable, immortal, indestructible. It’ll give you life forever. And there’s only gonna be 21 million of them in the future. And now and so this is your chance to get one for an extreme discount.
Let’s even say let’s say you want to buy a single family home. Let’s say it costs a million euros or whatever. Right? So if I could tell you today that you could buy a single family home for only $100,000 or €100,000 you’d be like, wow, that’s that’s the deal of a century. That’s you’re still getting a 90% discount.
And my personal thought is Bitcoin is far more valuable than real estate, because in the next 20-30 years, when essentially all the all the baby boomers, The Gen. Xers die off, and it’s the millennials and Gen. Z’s. And, alphas!
When we millennials take over, what’s interesting is that we don’t really care about physical real estate anymore. We will care about digital cyber real estate which is bitcoin. 
So my personal story, how did I get into Bitcoin? So it might seem a little bit random. It’s like, Okay, ERIC, you’re super famous for photography, street photography like, how do you get to Bitcoin like? It’s like, so random, right? But actually, it’s not very random at all, because, you know, if you’ve been following me carefully, you know the whole time, I’ve always been talking about living minimalistically, frugally, Spartan lifestyle, whatever’s. And you know now that you know I’m pretty stacked with a bitcoin and microstrategy stock mstr.
Funny enough, I’ve personally found that my lifestyle habits haven’t changed much after getting super rich, I mean, I’m a little bit more generous, maybe, like, you know, took out a friend last night to all you eat Korean barbecue
paid for her bill didn’t really even flinch.
Even a random aside, my best friend and my best man Justin, told me this when we were like in our early 20s, when we finally got good paying jobs whatever, is that the greatest joy is being able to eat out and not really feel the pain associated with having to eat out because we both grew up poor. 
I still remember even when I was undergraduate at UCLA, after our KYRIE club meeting, we would all go out to eat, and then I would see all the other guys ordering these really expensive $15 Korean barbecue gogi plates, (this was in 2006, when you could still buy a foot-long sub sandwich for five bucks), and $1.99 tacos, and $1 tacos, and me trying to save money, would force myself not to eat even though I was hungry, and my friends would ask me if I was hungry and I would lie, and say I wasn’t, while my stomach was still grumbling. 
So my personal thought with Bitcoin is, I personally wanted monetary freedom, and so long story short, so I’ll never forget this moment. So I’m born 1988. Went to UCLA as an undergrad — my roommate at the time, Kevin. It’s our junior he’s on Reddit, and I’ll never forget we’re in our studio apartment. I think I was distracted. I was doing something else. He was like Eric, you know. He’s on some subreddit, and he’s like.
“Oh, Eric, this thing called Bitcoin, and there’s this one dude who just bought two domino’s pizzas for like 10,000 bitcoins. We should just get like a hundred bucks worth of bitcoin, and just see what happens.â€
I then responded “Eh, seems like a scam†and disregarded it. No this is one bitcoin was like less than a penny, so even if me and Kevin and my roommate Kevin, just bought a hundred bitcoins at the time for funsies, right? And I had a hundred bucks right? We would each be worth at least 1.2 billion dollars.
If I had bought $100 worth of bitcoin at the time, once again we would each have about $1.2 billion in our checking accounts.
Today, I’m like, man. This was like the worst mistake of my life, right? But everything has happened as it should have happened. You know. Maybe if I had become a billionaire I’d just become some degenerate, you know. Cocaine addict on some beach somewhere in in Hawaii, and then Seneca would never been born. I would have never done my photography, world travels, whatevers.
Then my reintroduction to Bitcoin was kind of more recently when moving to LA. The cost of living is so expensive, and you know every I don’t know a single person who doesn’t want financial freedom. A long story short, I 1st heard about Bitcoin again, kind of earlier than when I was living in Vietnam around 2017, 2018, and at the time I didn’t really need Bitcoin, because our living expenses were so cheap. It was $320 bucks a month for a brand new studio apartment, fully furnished up, uplighting and the jazz right? And even at the time, passively, the income we’re making. Let’s say it’s a $1000- $2,000 a month. Let’s say it’s not even that much right, but like our whole total expenses, living expenses like maybe $600-700 a month, so I had the epiphany I’m like, I’m never going to run out of money. So already, at the age of 26 in my mind, I mentally retired right
and just more for funsies.
I met this guy named Bing in Singapore. Heard about this thing called Digibyte. Dgb, I don’t even think they’re around anymore. But at the time I’m like, Okay, I want to buy some bitcoins, buy some digibyte. How do I do this? And at the time Coinbase seemed like the best option, because it was the simplest, most minimalist to me it looked like the paypal for for Bitcoin and cryptocurrency.
For fun I bought about $25,000 worth of bitcoin, which, and Bitcoin was only about $7,000, $6,999 a bitcoin. So that was around 3.5 bitcoins. 
I then traded some bitcoin for digibyte, and I kept some bitcoin in my Coinbase account. Then the next few years I essentially saw the waves and the crashes and the dogecoins and stuff like that.
And essentially, I just kind of woke up to my guts and found out that Bitcoin was a real deal.
Some strange analogies is to me Bitcoin is almost like a new
World economic religion, I mean, people who follow Bitcoin are like fanatic. They’re zealous about it. They follow Michael Saylor like he’s like you know the prophet. You know the next prophet of Bitcoin right?
And it’s always good to invest in religions or to invest in cults like the cult of Tesla, Elon Musk apple, Steve Jobs. Whatevs, right?
Now obviously, I have financial independence now, and the only reason I’m teaching this workshop or sharing this information is, I almost feel like it’s my ethical imperative. Once again, if you could have discovered internet in the early days, or clean drinking water, I would feel that it would almost be a disservice if I did not share this information with others.
So everyone’s always about like, okay, so what is the Bitcoin gonna be worth? So there’s the open source model. Michael Saylor, I think, helped create it. It’s called the Bitcoin 21 model, I think. Right?
So 21 years from now his base case is that Bitcoin is going to be $13 million a Bitcoin. Bear case, $3 million a Bitcoin. The bull case is $49 million a Bitcoin, and note, this was in 2024 in July before Trump was announced as President, and he is ultra super pro crypto and bitcoin and also worth following, is his son Eric Trump, ironically. His name is also Eric also the funny thing. There’s a bunch of Eric’s actually in the world of Bitcoin, Eric Kim Eric Semler, of semler scientific, this other Etf guy who works for Bloomberg. His name is Eric Balconus, or something like that.
Essentially, we have an all Republican trump, pro bitcoin pro crypto, President and cabinet, whatever right?
What is really fascinating about Michael Saylor’s predictions for the future price of bitcoin is that when it was only $65,000 a bitcoin, and we were a bit uncertain about what the future of bitcoin and the president and the government would look like.
The last four years, we were all fighting an uphill battle, because the former administration was adamantly anti-crypto and anti-bitcoin. Gary Gensler who seems like a smart guy, was for some reason really anti-bitcoin and crypto? 
And so these were all written by Michael Saylor’s predictions before we had the most pro bitcoin
government of all time. So all these numbers, I think, should be inflated. So my personal thought is, I think, for the next 4 years once Trump takes office, January 20, 2025. I think this will be the craziest, best Bitcoin Bull Run of all time the next 4 years. So currently, Bitcoin’s been going up around 60% to 62% arr annual rate of return. And I think once Trump takes office, and I’m pretty sure he’s gonna buy the 1 million Bitcoins, or whatever for the strategic American Reserve.
And also I think Eric Trump, his son, is committed to having Bitcoin be at least a million in Bitcoin.
So let’s see. So my personal prediction, right? So I think Bitcoin will grow by at least 120% arr over the next 4 years. So let’s say, Bitcoin is worth around $100,000 right now. So by next year, let’s say it’s $250,000 the year after that, let’s say it’s $750,000, let’s say the year after that it’s like $1.2 million. So I think we’re on track to hit a million a bitcoin in 4 years about 10x gain. So just do the math from then.
Currently as an account measure, I now equate one bitcoin being worth one cyber truck, assuming that a cyber truck is currently around $100,000.
So the smart strategy is to take your hundred thousand dollars and invest it into bitcoin today, and you’ll see that becoming $1 million in four years. 
What that means is sell your cyber truck for $100,000, buy bitcoin, otherwise you have just done spent $1 million on your cyber loser truck.
Now, people are always asking, okay, this, you know, Bitcoin reserve strategy, you know, like, how is? And why is America going to buy the Bitcoins? Right? So we’re essentially out of physical land and real estate. Now we have to go to cyberspace right?
And it seems kind of silly, like something out of a sci-fi film. But the truth is, they’re currently the war we’re having with China and Russia. It’s it’s not physical war per se. It’s actually cyber war. So cyber security is the big big money maker. Even cyber penetration testing. Right? I think Gmail is trying to get like all these malicious actors trying to attack the Gmail servers like a million times a minute. Something crazy, right?
And if you look at the history of America, right? So, Manhattan, 1600s, the price of Manhattan. It was essentially stolen from the natives. Right? 60 guilders, right Louisiana purchase, you know, to fund Napoleon, California. Also kind of stolen from the the local Mexicans right? And also Alaska right. The the payoff was great, right, and so essentially the Bitcoin Act, the Cynthia Lummis Bill, she’s trying to get the States to buy at least a million bitcoins right? And you know even a Michael Saylor is much more aggressive. He’s like no America should at least purchase maybe 5 or 6 million bitcoins, which is 20 to 25% of the whole Bitcoin supply. And all America has to do is a free trade. They just need to sell their gold and then buy Bitcoin. And in a recent interview that I was listening from Saylor.
super fascinating, is like
essentially what he said was the super evil genius strategy of selling America, selling her gold reserves and buying Bitcoin is that if that’s the case, comma.
we demonetize our enemies.
you know, capital reserves. So then suddenly, the the gold of the Russians, the Chinese, will go to 0, and then everyone’s going to rush into Bitcoin. And if America owns Bitcoin, it’s a good sign for the future. And also another big thing I want to talk about. Why does America have the best economy on the planet.
So we essentially gave birth to Apple Amazon, Facebook, the magnificent 7 stocks, Netflix. And you know, people talk about China. It’s like. Okay, I don’t know a single rich mainland Chinese oligarch who doesn’t want to send their kids to the States to
to Harvard or Yale or Princeton, you know, buy a nice house in Palo Alto, the Bay area, or even Vancouver. No rich mainland Chinese person actually wants to be in China, but because of capital controls, they’re kind of stuck. So once there’s going to be a mad rush to Bitcoin. That means that you, your family, your whole squad, is going to prosper now.
you know, issues. My, my friend Dante had a question about storage. So
I think the hard thing with storage is okay. So how do you say this?
I, my, this is my personal philosophy. The reason I do not personally trust cold storage for myself or more of these self custody options is that
I know that I am very forgetful, and my biggest fear is, let’s say, I forget my passcode, or whatever is right to the Bitcoins. And or let’s say, my kids, kids can forget it right? Then boom like, you’re gonna be out like a hundred 1 million dollars. Right? So that’s that’s not fun, right? And so personally, I think the easiest is to just, you know, store it on the cloud. So, using a trusted custodian, whether it be coinbase. I think fidelity has their own services now.
And the you know honestly, it seems like Coinbase is probably the best option coinbase.com, or you just download your iphone ipad. Whatever right is that you could also get a link with your biometric apple id data, whether it be face id or thumbprint. Whatevs right? So this way, it just feels much more secure. So
for me, I would prefer an 80 to 85% optimal thing that is kind of dummy proof rather than take the 100 secure option which, because of user error, I might fail, and something that I personally learned is
in terms of technology. And all these things in between
seeking the simplest, most straightforward option
that is least complicated is often the best solution. And the reason I would be very, very wary of a lot of these people promoting, you know, buying their hardware wallets. Whatever’s right, everyone has a buck to make. Everyone has a bitcoin to make. Everyone wants to make a few satoshis here and there.
and so they’re trying to fear monger use. Oh, you’re gonna you know, Coinbase going to get hacked. And I’m like, no, I don’t think it is. It’s like, you know, back. It’s like essentially a Us. Government, you know, it’s essentially it’s traded on the the You know the Stock Exchange. It’s a American based company. I would. I would not trust anything outside of the States.
But yeah, I would say, choose now, obviously, if you’re super, you know.
quant genius, autistic genius, then do all the cold storage stuff. But if in doubt, just the simplest thing is, coinbase seems to be the best. Okay, so this is kind of my free money hack. So I call this microstrategy, strategy, mstr microstrategy versus bitcoin. And okay, so it’s very, very simple. So this becomes a philosophical debate. To say it short.
I think the ultimate goal is to own Bitcoin, he or she, or the entities with the owners of the most Bitcoin shall win. And so for me, philosophically, you know, let us say that you could own, you know, 20 bitcoins, or you could own 2 million dollars worth of micro strategy. Mstr. Stock. Right?
1020, 30 years from now, right?
You’re going to actually outperform. You’re actually going to make more money from microstrategy stock than Bitcoin. So Bitcoin, historically, has been 60% to 62% AR annual rate of return micro strategies is almost double that 120 to 1, 25 AR. So if you actually want to maximize your returns. You just buy microstrategy stock mstr and bitcoin. Right? But the issues is, you know. Let us say that Michael Saylor gets shot. He gets killed. He
you know, dies in a Cybertruck, whatever. Right? Then, it’s probably not going to be the world’s best future for microstrategy. So it’s actually much more risky. So if you want the least risky option, it’s just put all your money into Bitcoin right? And some millennial living strategies. Right? So the the simplest strategy I have. I call it the Spartan strategy. This is why I personally follow. Is you essentially try to live as minimally and frugally and sparse as you can, and just put literally 90% of your income into bitcoins right?
And a free money hack I discovered. So, for example, let’s say you have $150,000 or €150,000. Right? And you know I’m not 100 sure how it works. If you’re a European. What is right. But you, you buy micro strategy stocks. So let’s say you buy, you know, 100,000 or $150,000 worth of it right? And Mstr, and you use fidelity, or robinhood, or whatever trading app you have. Right.
And the strategy is simple. It’s whenever you know. Let us say the base case 150,000.
Let’s say your microstrategy stock value then goes up to 200,000. Right?
You sell $50,000 worth of it, and then you just transfer that to your bank account.
and then your bank account is linked with your coinbase account. Then you just buy the Bitcoin right and rinse and repeat so very, very impressive over the last 3 months, I started with initial seed capital of around $150,000 in microstrategy stock
off of that $150,000 right? And I haven’t even touched my principal. I yielded $242,000
off of that initial 150,000 right? And also for traditional Roth, Roth, Ira retirement accounts. I put everything into microstrategy stock, and it is already like 3 x like, for example.
My roth, Ira, just kind of randomly was like what $78,000, and then the course of 3 months. It’s like now, it’s like 230,000. It peaked at around 300,000. So it’s going to be a good future. And so the the very simple strategy. So let us say you’re able to get down your living expenses to let’s say
you know, 5,000 bucks a month or €5,000 a month. Right?
the point isn’t to just make a bunch of money and just go out and buy the Lambo. The the goal is actually to continue to live for good. If anything live more fully. People who says like, Oh, you know, you want to get rich, don’t care about money or whatever. If you’re a real real greedy, you know money, loving person. Actually, the optimal strategy is.
you live, you know. You continue driving your old Toyota Prius, and just pour all of your money in Bitcoin, because really the truth is and this is my philosophical thought is, there’s almost nothing worth on the planet purchasing.
Besides, Bitcoin is my philosophical thought. So and also some e even more super smart economic leverage. Right?
So instead of paying an arm and a leg for rent in La or New York. Brooklyn, you just move to like Southeast Asia. Right you go. Move to Southeast Asia, live like a king, for like 300 500 bucks a month. Right? You just put all your money to Bitcoins right? So even if you had a modest savings, right, let’s say you had like $200,000, and you had microstrategy stock.
let’s say every month of the month is rent is due, and the expenses are due right? You just sell a small portion of that stock, and it’s going to go up. So my thought on the next 4 years, micro strategy, assuming it’s around 2 x Bitcoin. I think Bitcoin is going to go up 120% error. I think micro strategy is going to double that 240% error. So just do the masses. At the end of every single month
you make a small. Your gains go up like crazy right, and let’s say your living expenses are like under a thousand bucks, or if you, if you live in the States, 5,000 bucks, you sell X amount of monies to just support your living expenses, and you just continue to ride your gains. But ultimately my personal thought is whatever excess, money and capital you have just put it onto Bitcoin. So the micro strategy then ends up becoming the engine or the turbocharger or the cash cow. You milk it, and you shave the cream off the top, and then you buy Bitcoin with it.
So I think the reason why to me Bitcoin is such a fascinating thing, and very exciting, is essentially Bitcoin is digital photography. Peter Diamandis, the ex guy. Right? You know, he talks a lot about kodak film. You know the iphone and disruption.
So actually, intuitively, as photographers and digital photographers, we should actually understand. You know, this disruptive power about digital photography. So obviously, you have the hipsters with their mustaches and their flannels, you know, talking about the virtues of film photography.
But the truth is, digital photography is like a quadrillion times better.
And also currently, in the year 2025, incoming
digital photography is actually superior to film photography. I mean.
maybe in the early days of digital sucked right. But now, at this point, digital photography is far superior to any sort of film photography, and the only reason you should film in today’s world
is either as like a practice to appreciate the joys of photography. So the philosophical approach.
or you know, you’re trying to be some sort of like, you know, snoppy fine art photographer and overcharge money for your photos. Then you shoot film.
because honestly, the the fine art market, they’re always going to overvalue film photos over digital photos, because it’s more complicated. It’s more strange, right? So in the art, in the art world, the more complicated, abstruse, and complicated, you can make your art the better. But for us.
where you care about practical things, yeah, think about Bitcoin. So think about the iphone iphone pro versus your mom’s kodak Browning camera. I think the the thought is obvious. Okay.
so how to start buying Bitcoin. Very simple. Just download the coinbase app, or you know if you if you don’t want to actually own Bitcoin, you just want to make a ton of money, just buy micro strategy stock Mstr, and use your traditional
accounts. And I still think that this is the biggest thing is that everyone wants to become a millionaire, right?
But you know what I think people want to do is
they don’t want to earn like, okay, okay.
people want to spend a million dollars.
They don’t want to actually save and build a million dollars right? And so if you think about, you know, money and
capital digital capital, I think about like Lego bricks, right? I just went to Legoland. Senecall is great. So let us say that
each bitcoin, or dollar or 1 million dollars like these. Let’s say these are Lego bricks right? The goal is, you want to build your Lego Tower brick thing as tall as possible. You don’t ever want to
get rid of your bricks and throw into the trash. That’s essentially what consumerism is. And this is actually another big philosophical thing I discovered is, what’s the difference between capitalism and consumerism. Consumerism is actually the exact opposite of capitalism. Capitalism is about accumulating wealth.
building your capital and not spend it right. Even one of my favorite Kanye quotes is like why people make money don’t spend it. But I’d rather buy 80 gold chains go ignorant, right ignorant. And so the pernicious thing that happens in a lot of communities, especially poor communities. Right? I’ve seen this happen with my own eyes. Right?
Happens to Korean people. It happens to everybody, right? Is that you know you live in a crappy apartment in K. Town with 20 other dudes. Yet you drive the brand new Bmw. And you’re not building any sort of generational wealth. Right? And so essentially, yeah, you want to build the capital and not spend it. And essentially, you want to start to intelligently leverage your capital
to give to your future kids or your descendants, or whatever you want to do. Now, the hardest thing about Bitcoin is stomaching the volatility so volatile, mean. Just it goes up, it goes down, and then, like honestly for most people, it’s going to give them like 5. 100 heart attacks over right now
I think of a Bitcoin kind of like nuclear energy, so
nuclear energy in the untamed formed is obviously toxic could cause the next Fukushima whatevers right? But if you have a bunch of smart people, engineers, nuclear physicists working in a controlled manner, right? It’s like the greatest benefit to society, because to humanity, because essentially, you’re giving people free electricity forever. Right? And
I think my personal thought is the volatility is a future not above. So the reason why Bitcoin goes up and down the sideways so much all the time, and you can have huge swings
is because you could trade a 24, 7, 365 on the weekends in the evenings. Right?
It still befuddles me that in the year 2024, 2025 like. Why is it that you know, after 5 pm. You know Eastern time, or on the weekend Saturday, Sunday like, why did they close the market? So what if there’s another Cuban missile crisis. It makes no sense right?
And also the reason why it’s so volatile is that it’s actually the most
desirable commodity on the planet. And there’s all these people with these weird Bloomberg machine terminals, whatever they are, always pegging everything to the Bitcoin. So a lot of people ask about ethereum dogecoin webs, right. I think Bitcoin is the only true.
Everything else is the false prophets. Everything else is the false coins. The immaculate conception of Bitcoin and Satoshi.
I think this is actually a big deal, because anything that is not Bitcoin, you know, ethereum and the like. They they need some sort of spokesperson, or, you know, individual to prop up the value right, whereas Satoshi, he invented it, he disappeared forever. Now the reason why this is such a big deal is that
every other crypto thing which is not Bitcoin.
It does not have a hard cap
like you could print more ethereums. You could print more. Whatever tokens you cannot print more bitcoins, and that’s that’s the big thought.
So. Volatility is vitality. Eric Kim. I actually didn’t say that. Sorry. That was actually Michael Saylor. I typed that in wrong. But essentially
you know, volatility is vitality, and the more volatile the more energy the power you have, the more vitality you have. So once again, people think of volatility as being risk. That is actually not the case. Bitcoin is going to go up forever, but it’s going to be like an extreme roller coaster and go up down, but with extreme swings it’s extreme performance. So
yeah, volatility is not risk. Volatility is just going up and down a lot, but essentially over a long enough time span. It’s going to go up forever.
So I borrowed a lot of slides quite liberally from Michael Saylor. Some of these are from his recent Microsoft. Pitch. And yeah, just go. michael.com go to his presentations looking at yourself. So I’ll just make some quick points. So
essentially, currently, Bitcoin is like a 2 trillion dollar asset class right? And this is also from Jesse Myers once in a species.com. And the reason why this is important is currently you know. Let us say the whole world’s economy is 900 trillion dollars, right? And
what we have our eyes on is real estate. So real estate is, you know, most people don’t really just use real estate as a place to live right? Otherwise, you just rent. People use it for a long term store of value. So, for example, if you’re a really really rich family from New York City, you own, like 10 square blocks in Manhattan, and, you know, does your descendants sell, you know.
a square block to buy himself a few Ferraris. No, that that would be a bad strategy. So the the tip I have for any single person trying to build intergenerational wealth. Keep it simple. Only one rule. You don’t sell the Bitcoin. If you face extreme poverty or financial distress, I don’t know. Become an Uber driver or something. Pay the bills, but don’t sell the Bitcoin.
and currently I think we’re going to see is Bitcoin is just going to take over the gold market, which is 16 trillion dollars, maybe the cars and collectible art market.
Now, a big thought is this is from Michael Saylor once again, is that
all these assets on the planet.
Some of half of it is to provide utility. Right? So, for example, you know.
let’s say you need you need somewhere to live right? No so that provides utility right? But then, again, some of it is to preserve capital right? And
as a 36 year old millennial nowadays. The pressures. Oh, you got to buy a single family home today, right? But the the reason I get so sus of people saying you should buy a house is that they’re like, oh, you essentially need somewhere to live. You’ll build capital. Blah! Blah, right? You don’t want to give money to land, but it’s like no, you only need one reason like you would only ever buy a single family house. If let’s say you really like having a backyard and a garage, or what is right. But it’s really not
a money making thing, because homeownership is like a trillion, times more expensive than you would otherwise think, and as a consequence, with a single family home, even if the price is going up right
at best, you might be breaking, even if not, you know, slowly bleeding yourself. Because, let’s say, real estate is on average, going up 10% a year, right? The money supply the inflationary. M 2 supply is 15% a year. So you’re actually kind of losing money.
So the big thought is once again, you know.
the optimistic thought is eventually all these long term sort of things are going to become digital capital. I still think about this, the Warren Buffett. They’re all gonna die. And then, when we, you know, take the take the mantle. What’s gonna happen the next 20 years, even if you’re 80 years old right now? 81 years old. Shout out.
You know, I think I’m optimistic. We could live to be 100 20. So yeah, this is definitely the next wave. You’re not going to want to miss right? And you know, currently a lot of millennials. People like everyone wants to buy the Lambo or the Ferrari.
You’re you’re going to lose the value of it in about 3 years. You want to live forever.
So these are some kind of conservative growth estimates, according to Michael Saylor’s Bitcoin 24 model. So in about 21 years, and this was still pretty conservative. Right? Bitcoin is going to become a 280 trillion dollar, you know thing right? So going from 2 trillion to 200 trillion, so at least 10 x. So you’re conservatively, you’re going to see your money at least 10 x in 21 years, which is pretty cool. Right? It’s not going to take over all these other things. It might, but it might not.
Now people always ask.
what is Bitcoin backed by? So I did the maths right and based on what other people say, too essentially the Bitcoin network. If you took all the apple Amazon aws servers, Meta.
combine them all times 20, you could still not hack the Bitcoin network in in terms of the raw power that goes into powering. Think about like 20 nuclear power reactors powering the thing right? And also people don’t understand is there’s already been 850 billion dollars of quote, real money investment thing follow Blackrock. They just recently recommended most of their
you know, owners to allocate at least 2% of their portfolio into Bitcoin, which is kind of a big deal. Look about what Larry Fink says. Blackrock is like what they own. What 40 trillion dollars of assets around the planet. They’re they’re kind of a big deal. And also it’s a network effect. So you remember, in the early days of Facebook. It was only it was only university students with the Edu address were allowed to join in. Then they opened up to everybody, and the network effect of Facebook is that
if you have Facebook and I have Facebook, then Facebook instantly becomes more valuable to both of us, because I can now share my photos with you, whatever’s right. But then, if your friends friends also have Facebook, it becomes much more valuable to everything. Same thing goes with facetime right. The reason why I got you know I used to be a Diehard android dude. Now I’m like all icloud everything. It makes life so much easier. You get your mom an iphone. Now you get facetime imessage. It makes life way better.
And so Bitcoin is going to be the same thing as more and more people are going to continue to download Coinbase or Whatevs. And also my optimistic thought is, if Apple doesn’t want to become irrelevant, it’s I’m very certain the next 5 to 10 years. Apple is going to have their own
Bitcoin storage thing in your icloud account. It makes sense right. They have apple pay. They have the apple wallet. Essentially.
apple is the new bank. And so now, when they do like a you know, a 3 device authentication for your bitcoins through your iphone, your ipad and your macbook pro whatevers.
It’s actually it might actually be one of the most safe ways to store your bitcoins.
Also things to think about. If you’re a traditional investor
so there’s this notion called the cost to capital cost to capital that Michael Saylor says a lot. I might be getting this wrong. But
essentially the S. And P. 500 right?
on average, is like 14 to 15% return year over year. Right? So if you’re not making at least 15% or over 15% a year, you’re essentially losing your bleeding money. So real estate gold bonds is kind of a losing bet, right? And so the magnificent 7 which all the big tech stocks 28%, a little bit better, right? But look at Bitcoin. It’s like 62% year over year. And it’s kind of the obvious bet, right?
And even if you think about you know, everyone’s talking about Nvidia Tesla. You know what is right.
I think the reason why the mainstream media they don’t like to talk about micro strategy is that it’s still a little bit too weird and bizarre. And it’s not as buzzworthy as AI, because, okay, people like to think of this like evil Terminator AI, the video going to take over the world and find it right. But nobody is like Bitcoin, like
Bitcoin is not an android walking around 2 feet, taking over the planet right? So people actually don’t like to talk about Bitcoin. And for so long people thought that Bitcoin was a Ponzi scheme right. No one ever thought that AI was a Ponzi scheme. So the video always catches the headlines. But look at microstrates, look at the best performing stock on the human unit in the human universe
over 3 x. That of Nvidia, which is already impressive, and Nvidia is already destroying Tesla by a massive margin as well. Right? So
I mean? That’s that’s pretty obvious, right?
Even Donald Trump watches a Nashville presentation. He quotes Michael Saylor directly, says, Never sell your Bitcoin. Apparently Eric Trump, the son of Donald Trump has known Michael Saylor for 20 years. I’m not sure if that’s true or not, but if that’s the case.
I’m like a hundred percent certain that. You know, Michael Saylor essentially has the left ear of Donald Trump.
And yeah, it’s it’s a it’s a very good thing.
So if you want to plug and create your own models. Google, the Bitcoin, 24 model. It’s on Github
plug in your own assumptions.
And this is the big thing that I have my eyes set on. So currently, you know, it’s December right? And everyone’s waiting for the trump to get into the office January 20.th So this is a tricky thing. So I used to be Super Anti Donald Trump, right? Because I could care less about politics and stuff like that right? And
but
one Donald Trump became super super pro bitcoin. I started to listen and start watching all his interviews and looking like honestly the you know, I’m from the Bay Area like Liberal Democrat, my whole life right? And actually, I kind of realized, wow, the the left leaning media is kind of the they’re kind of the evil ones here. And Donald Trump, he seems actually kind of like a cool, nice nice nice guy, right?
And the big thought is.
there’s no, there’s not going to be a World war 3. What is right? And Bitcoin, under the trump administration is gonna explode, and it’s gonna be the
the greatest 4 years of prosperity of all time, and this once again coming from like a super left leaning liberal. So this is a good thought so. Anyways. Let us say, you know.
America leads the charge in the crypto Bitcoin revolution. Right? And yeah, I think
assuming that America really wants to control the future. I think the America purchasing 6 million bitcoins is not fully out of this this planet. Right?
So some thoughts on building personal family wealth.
So the reason why I think this is kind of a big deal is that
everyone wants to build wealth right. Everyone wants to be intelligent with their investing. It doesn’t matter if you’re a nonprofit, a charity, a church, Mother Teresa, like every single organization, will always need money. Capital. If you have an endowment, you know, for Harvard, Yale, Princeton, Stanford Brown University. Whatever even the Uc. Is right, everyone needs money and capital right.
and I don’t like to think too much about the macro, because I’m not an institutional investor. I just think about myself, my family, my best friends, my squad. Right? So the goal is building personal family wealth and how to intelligently invest. So a lot of people talk about timings. Oh, when should I buy Bitcoin? Should I time it the high. Then people take out these charts and these candlesticks, which is all just witchcraft and pseudoscience don’t follow any of that.
Essentially the thought is.
anytime is a good time to buy Bitcoin if it’s high, low, Middle, whatever. We’re going to keep buying the top forever. So recently I bought some more Bitcoin at $100,000. Right then it dipped down to 90,000 to 88,000 hit 103,000 again, and so I’m pretty sure that in 1020 years I’m going to be buying Bitcoin at 1 million, a Bitcoin, 10 million dollars a Bitcoin, 55 million dollars a Bitcoin, whatever is right, and because if you do the simple math, just think at least 4 years ahead, right? So if I could tell you with 100 certainty that Bitcoin is going to be 1.2 million a Bitcoin
in 4 years
as long as you’re buying it for less than a million dollars a coin. You’re going to be in the green like it’s it’s kind of a a good bet, right? And actually, also, ironically, my personal thought is
chasing gains is a good thing, but also it’s it’s a good idea to not get quote greedy in the sense of maximizing your gains. So so, for example, right like, what’s the difference between getting a 38% yield and a 32% yield like the the difference is nominal. Don’t don’t worry so much about maximization, because even a lot of what I thought my trades were bad
2 years ago ended up being right. So as investors, we have to think at least 410-20-3040 years ahead of us. So don’t worry so much about the the short term
so practical and pragmatic investing strategies right? So once again, so if I had a simple blueprint, so
some some simple thoughts.
there’s lots of different blends. You could do this, you could. You could be super simple. Just 100 to Bitcoin, buy it on Coinbase what is right, and just keep stacking forever.
100 legitimate. That’s the Bitcoin Maximus opposed the triple, triple Maxi, the triple Maximalist approach. If you just need to pay the bills whatever, and still stack the Bitcoins. My personal suggestion is put 80% of your wealth into Bitcoin and 20% of your wealth into micro strategy Mstr stock. And once again. This is this is what you do. So let’s say, for simplicity of math. Let’s say
Let’s say you have a million dollars or a hundred $1,000, or you use whatever kind of a number you want, right? So put 20% that to microstrategy stock whenever it goes up
beyond the principal, sell some of that stock and put that into micro strategies. Sorry. Put that into Bitcoin, and or use that money to just pay your your bills. So once again what I personally did right?
$150,000 working capital into micro strategy Mstr stock. And let’s say, when it goes from worth $150,000 to $160,000. I’ll sell $10,000 worth that stock. That $10,000 gets deposited to my checking account, which is linked to my coinbase. Then I’ll just buy $10,000 worth of bitcoin right? Or, if you need that, $10,000
for living expenses. Let’s say
you need $3,000 to pay your rent. You take $3,000 of that to pay your rent, and you put the other 7% of that into Bitcoin.
also some other definition. What’s the difference between being an investor, a trader versus speculator?
So an investor, we want to be investors. We want to think about (102) 030-4050 years ahead of us. A trader is a bunch of these, like 20 year old. High testosterone degenerates, you know, single, you know, maybe addicted drugs, or whatever right, who just want to like look cool. I made a billion dollars in a month by using all these complicated
statistical models. Blah! Blah! Right? But you don’t. You don’t want to be a trader because essentially it’s
nobody could time the market. Not even God could time the market right. And what a speculator is people who invest in meme coins. So a meme coin is like buying a Dogecoin or shiba Inu, that the reason why these are not you should not do this is that it is extremely dangerous. You’re going to lose all your money, and it requires
a charismatic leader to support it. So Dogecoin, right? Dogecoin is essentially elon musk coin right?
But if one day Elon musk tweets. Ha! Ha! Doge was just a joke all along, right. It’s not worth anything. The value of it will pump it to 0, or if once again. Elon dies in a you know a robo taxi accident. The value of dogecoin is going to go to 0, whereas if Elon Musk dies, you know Bitcoin is going to still keep going up forever. So speculator is meme coins beyond bitcoin us Bitcoiners. We’re we’re investors.
So you know, somebody also asked about, you know, monetary inflation right? So there’s this thing called the M. 2 monetary supply of the the rate rate inflation.
And once again you’re going to have to exceed at least 13% to 15% to
not lose money. So, for example, let us say, you have a billion dollars of us dollars in your checking account. Right? You’re going to be bled to death. Right? So in a year, your 1 billion dollar is going to shrink to 750 million down to 500 million, to 350 million. And essentially, you’re going to get a point where your money is worthless.
And already we see this right now. So currently, the price of real estate, single family homes is exploding. But this is my critical view. How much of that is that the value of a single family house is higher versus our Us. Dollars are just simply worthless. Right? So if you just do the same simple maths, right?
So let us say that. You know, minimum wage goes from $15 an hour to $20 an hour overnight for Mcdonald’s worker. Right? That means instantly. You see, 25% inflation. So your 1 million dollars in the bank is now worth only 750
$1,000. So yeah, once again. The real real rich people. They store less than 1% of their wealth in
Us. Dollars in their checking account like, you’re not gonna have Jeff Bezos bragging to other people that he has 10 billion dollars of us dollars in their checking account. No, it’s it’s all going to be in you know, stocks, or, you know, real estate. And actually, ideally, Bitcoin. Cyber cyber capital.
So yeah, that’s that’s essentially the the end of my presentation.
Whenever you see people, doing weird stuff were saying weird stuff the best response to just ignoring them.
So the Bitcoin revolution, the revolution will be televised. So, starting off.
First, what is Bitcoin? Why does it matter?
So I think the 1st important critical thing is trying to consider and think you know what is Bitcoin we’ve all heard about in the news we heard about Bitcoin as being a Ponzi scheme, a pyramid scheme. And honestly, my mom has gone through her fair share of Ponzi schemes like she she got suckered by the whole Amway scam.
I think the reason why Bitcoin is so important and critical is, Bitcoin is like the early days of the Internet. So if you go into a time machine and you could tell somebody in the past, okay, you know, in the days before email existed. Right? So okay, once one day, you know, everyone’s gonna have a supercomputer in their pocket. They’re using it to check all their bank statements. You’re going to be able to use your camera on your phone to scan your you know your checks, your bank account balances. You can use this to send money and messages and videos to everyone on the planet. Instantly everyone would have thought you were crazy.
and I think one of the biggest misconceptions about Bitcoin.
So a constructive way of thinking about bitcoin is trying to figure out what bitcoin is not.
My personal opinion is, I do not think that Bitcoin is actually cryptocurrency. I think currency is the Us. Dollar, and I think one of the biggest problems about the whole field of crypto and cryptocurrency is everyone is like a crypto anarchist, which means that they want to see the Us. Government and all the governments on the planet fail, and they can essentially live in peace and silent without interference from the Government.
Yet, you know, obviously, at the end of the day, it’s nice to have public streets. It’s nice to not get robbed in the streets. And actually, I think one of the biggest misconceptions about Bitcoin is. People think that Bitcoin is trying to replace the Us. Dollar.
But my personal thought is, Bitcoin is going to be a supplement to the Us. Dollar.
Essentially, I thought this a long time ago that essentially Bitcoin is digital gold to hedge against inflation, which means, as our money, our Us. Dollars, or our euros, or our local currencies become devalued.
The upside is, our Bitcoin will become more valuable. I think the best analogy that I got was from chairman of microstrategy mstr Michael saylor, essentially thinking that Bitcoin is is not digital currency, but digital
real estate.
So I think this analogy is better, because nobody’s on their zillow, you know, 20 times a day, checking their home prices right? And this is my mad Max Post Apocalyptic perspective. So imagine the future where there’s, you know, essentially
there’s this like nuclear fallout. And you know.
there’s no inhabitable places anywhere. And let us say, there’s only 21 million single family homes left on the planet for anybody to live. Obviously, sooner or later, you know, people are going to want somewhere to live. And so I think the best analogy, I think, is Bitcoin as digital real estate, which means that with digital real estate.
You know, a lot of people are like– I want to quickly make money off of Bitcoin. But how do I make money off of it? It’s kind of like the early days of real estate. So if you bought Manhattan in the 1600s, you know, how do you monetize it? And I still think that we’re in the very, very early days of bitcoin and institutional adoption, which means you’re going to start to see New Bitcoin products come out. So some simple thoughts. So we’ve all heard stories of Scumbag San Francisco based scumbag landlords, you know, charging an arm and a leg for their tenants, and we all hate the landlords, I think with Bitcoin we’ll become the new digital landlords, which means effectively, we will in the future be able to like rent out our Bitcoin. And you know, let’s say we have one bitcoin right, and it’s and then I think that the personal math I like to do in my head is thinking that one Bitcoin is equivalent to one single family home. So I currently live in Los Angeles, in Culver City. It’s kind of insane. A single family home. I’ve even seen some in my neighborhood for 4.4 million dollars. The average Median household single family home is around 1.7 million dollars.
So in my personal mind, where I think Bitcoin is a trillion times more valuable than physical real estate land, because you could always make more of it. It’s not a real scarcity.
A single family home, and the price of a Bitcoin should be pegged to another.
So in my mind I still think of a Bitcoin at least 1.1
1.7 2.1, maybe even 4.4 million dollars a coin. And I think this is a very very fascinating idea, because also, you know, people say, Oh, but Bitcoin is not real. Money is yeah, but like our dead, shiny rocks. Aka. Gold money either, or is fiat currency, you know pieces of paper. You cannot eat pieces of paper to to live. And I think one of the most interesting things I learned about the philosophy of money is that essentially all money is just existing in the minds and souls of men, the value for men, is all essentially subjective.
Money is not “realâ€, but subjective.
Now, what makes Bitcoin so fascinating to me is that it’s the 1st time in human existence, you had a hard cap supply of money.
So, for example, people often talk about gold, right? So the issue with gold is at the time it was the least bad form of money, because it was very, very scarce. It was difficult to find. It’s difficult to mine and transport. Yet there was lots of good properties of gold. It’s, you know, essentially it kind of lasts forever. Aesthetically, it looks beautiful, the nice yellow color of gold mimics that of the sun, and you know, at least back in the day, let’s say you had gold coins it could easily fit in your front pocket whatevers.
But now things become a lot more difficult because we’re living in the 21st century, the 22nd century you know, we would have flying car drone robo taxi, self driving car waymos. It’s like, Why are we still using an antiquated digital framework of modern day banking swift code accounts?
If you’ve ever tried to send money, you know, from the Netherlands to South Korea, to Nigeria, to Lagos whatever you find that the the whole SWIFT system is kind of like a bunch of gangster mafiosas like even my mom is currently living in South Korea.
Example if I want to just send my mom a small sum of money, it is insane,  it takes like three or four days, and the wire transfer fees like 55 bucks, I hate this. This should be done instantly. Therefore the thought of bitcoin, being able to quickly and effectively and securely transfer value across time and space without a trusted intermediary is a big big deal, a big big revolution.
So why does Bitcoin matter? It’s kind of like asking somebody why does clean water matter so one of the things I love about Michael Saylor, and I highly recommend watching all of his videos. @wsaylor. It’s essentially Twitter or X or michael.com.
He uses this analogy of sewer water. So let us say, every all 8 billion people on the planet are all drinking sewer water, and people are dying of dysentery, and people are saying, I don’t get it, you know I exercise, you know. I
you know I eat healthy exercise every day, but I’m still dying of dysentery. My kids are dying of dysentery, and so the whole issue is that if you’re drinking sewer water, no matter how healthy your lifestyle is, how virtuous you is. It don’t matter. You’re going to be, you know, dying of dysentery, or perpetually sick.
And so, if we think about these physiological terms, and apply it to Bitcoin and money and digital capital. This becomes really fascinating because my personal thought and you know, also, I grew up in a family of poverty, poverty, meaning that I thought I was going to be homeless at least 2 or 3 times. My dad was perpetually addicted to gambling with the rent money.
So what a lot of people don’t understand about growing up in poverty, and prosody is that the logical strategy that you never know when your dad is going to steal your money and gamble it away, and therefore the smart strategy is actually to spend it all right now! Because you never know when he’s going to look in your piggy bank, your personal checking account that your mom put away for your college, or even take your hard earned $3000 as a 15-year-old bus boy at your mom sushi restaurant, lying that you’re going to invest in some business, leaving to LA for about a month, gambling it away, and coming back empty.
When I think about it, this is actually super sad. Once again when I was like super super young like two years old, my mom tried to make me a savings account, like one of those checking or savings investing accounts for kids, and she might’ve had a nominal amount of money in it, like 200 or 250 bucks or something. And she told me the sad news is that one day when she checked up on it she discovered that the money was gone. Essentially my dad even stole away that $250 from my child savings account for college, once again feed his gambling addiction.
So once again, as a kid growing up, I never had this ethos or tactic of saving. Because we literally cannot come every dime that my mom made was fun into paying for groceries and rent.
Therefore I like a 15-year-old kid, my thought was I’m going to take every single penny, I can immediately go out buying some new sneakers, you know, buy some cool clothes, and I literally had $0 in my bank account.
So I think the pernicious, vicious cycle of inflation is.
You cannot blame people for not saving up capital for their future if the money itself is deflating at such a rapid pace, and so I personally think that you know Bitcoin is like giving every single person on the planet like unlimited free Fiji water, or the best alkaline hipster water whatever water you want. Essentially giving people clean water. And
a lot of people say, Yeah, but Bitcoin is not real money. It’s a okay. So I think this is a big this is a big shift for me also, personally.
My personal thought is, Bitcoin is actually more important than money.
So we should not think about money. We should think about capital. I think capital is a lot more robust and strong as a concept. So, for example, capital comes from Cap CAP. Like upon your head. K-ap. Essentially it came from the head of oxen. So if you read the Iliad, the Odyssey essentially, every time you want to appease the gods, you have to sacrifice a hectacomb, Hecta means 100 a hundred head of oxen to appease the gods.
And you know, obviously, that’s very expensive, like, can you imagine, if you know you sacrificed a hundred Lamborghinis to appease the gods, it would be quite expensive endeavor. Right?
And so, capital. We all live under Capitalism — it doesn’t matter if you’re living in Europe, Africa, Asia, America, China, and also one thing that people don’t understand is, I think, what a lot of these people, maybe 4 or 5 years ago, China is going to take over. China’s not going to take over. China is dependent on America, and effectively, the Chinese Yuan the CNY is essentially effectively pegged to the Us. Dollar and the Us. The US is essentially the world. Reserve currency and capital is what we seek, not money.
Talking about currency, so currency is like, you know, buying a Starbucks Frappuccino, or buying a in and out Burger. Right? That’s like money currency, right?
Capital is essentially long storm, long term, store of value. So it’s building generational wealth.
So one of my favorite songs from Kanye West is the off the grid songs that we off the grid grid grid this for my kid, kids, for when my kids, kids have kids.
And I think this is also the big thing is a lot of millennials, nowadays, I think the disincentive to have kids is because there’s so much fear mongering about the the future is gonna become uninhabitable, you know boil the seas or whatever. So there’s not going to be a future. So essentially, there’s a strong sense of pessimism.
But Bitcoin, to me is like solidified optimism, which means that the future is going to be glorious and great. And you know, even having Seneca right now, think about his future kids, kids, kids, or my future kids, kids, kids.
It brings me so much joy. Because the simple strategy, you just keep stacking Bitcoin until you die, and then you hand it on to your kids. Your kids give it to their kids kids. It’s like, if you owned, you know, a hundred penthouses or 10 square blocks or 20 square blocks in Manhattan, on the main island. Do you ever sell that to buy a Lamborghini? No! That’s not what one does, or liquefy it all into us dollars and brag about how many billions of dollars you have in your bank account.
Nope, that’s not the goal– you want to build capital. And traditionally it’s been real estate. But once again, real estate was a good idea. In the 16 hundreds, 17 hundreds, 18 hundreds, 19 hundreds, or 2000s. But then the subprime mortgage meltdown proved that, you know maybe it’s not always the best idea.
Real estate can go down.
And I think the hard thing is, people say, Yeah, but you know, real estate, you know, essentially, everyone needs somewhere to live, and it’s historically, the value of real estate is always going to go up forever. Now people say that the tricky thing is the pace of monetary inflation is around 15%. The best thing is to either chat Gpt or Google The M2 Money Supply. And essentially what you will find is
that the money supply is essentially a metric in which the Us. Government, or any other government on the planet, includes the euro and stuff. They keep printing more currency. And the reason why then this becomes an issue is that if you have more currency in the system that means the individual value of each unit is going to go down.
I call this the shake Shack Burger incident. So me and Seneca we used to always buy a single burger, patty, for $1.49, $1.50 … and one day we come and they say no it is $2.50, a party.
Why this makes no sense is like, yeah, we just increased the minimum wage to $20 an hour from $15 an hour. $20 an hour for fast food, and the hard thing is with minimum wage. You cannot rewind the the hands of time. If you suddenly said that the minimum wage is only $17 an hour, there will be riots. The streets would not be not be good.
So we’re all photographers, you know, street photographers, whatever. And the hard thing with digital is in our minds, digital is infinite and free. So, for example, I could take a copy of Mozart’s 5th Symphony, or whatever, as an mp3, file, and I could copy and distribute it a trillion times with 0 marginal cost right?
So this is where the notion of cyber becomes more interesting. And I’ll think about like, you know, cyber punk thinking about cyber truck.
It’s essentially once again, mathematically, cryptographically, that the hard science and the hard math is there can never be more than 21 million coins
in existence come up forever. Even if you took all the quantum ultra computers on the planet, times it by 20, you still could not produce more bitcoins. It’s just how it works right?
One Bitcoin is like one cyber-ox, and it’s immortable, immortal, indestructible. It’ll give you life forever. And there’s only gonna be 21 million of them in the future. And now and so this is your chance to get one for an extreme discount.
Let’s even say let’s say you want to buy a single family home. Let’s say it costs a million euros or whatever. Right? So if I could tell you today that you could buy a single family home for only $100,000 or €100,000 you’d be like, wow, that’s that’s the deal of a century. That’s you’re still getting a 90% discount.
And my personal thought is Bitcoin is far more valuable than real estate, because in the next 20-30 years, when essentially all the all the baby boomers, The Gen. Xers die off, and it’s the millennials and Gen. Z’s. And, alphas!
When we millennials take over, what’s interesting is that we don’t really care about physical real estate anymore. We will care about digital cyber real estate which is bitcoin. 
So my personal story, how did I get into Bitcoin? So it might seem a little bit random. It’s like, Okay, ERIC, you’re super famous for photography, street photography like, how do you get to Bitcoin like? It’s like, so random, right? But actually, it’s not very random at all, because, you know, if you’ve been following me carefully, you know the whole time, I’ve always been talking about living minimalistically, frugally, Spartan lifestyle, whatever’s. And you know now that you know I’m pretty stacked with a bitcoin and microstrategy stock mstr.
Funny enough, I’ve personally found that my lifestyle habits haven’t changed much after getting super rich, I mean, I’m a little bit more generous, maybe, like, you know, took out a friend last night to all you eat Korean barbecue
paid for her bill didn’t really even flinch.
Even a random aside, my best friend and my best man Justin, told me this when we were like in our early 20s, when we finally got good paying jobs whatever, is that the greatest joy is being able to eat out and not really feel the pain associated with having to eat out because we both grew up poor. 
I still remember even when I was undergraduate at UCLA, after our KYRIE club meeting, we would all go out to eat, and then I would see all the other guys ordering these really expensive $15 Korean barbecue gogi plates, (this was in 2006, when you could still buy a foot-long sub sandwich for five bucks), and $1.99 tacos, and $1 tacos, and me trying to save money, would force myself not to eat even though I was hungry, and my friends would ask me if I was hungry and I would lie, and say I wasn’t, while my stomach was still grumbling. 
So my personal thought with Bitcoin is, I personally wanted monetary freedom, and so long story short, so I’ll never forget this moment. So I’m born 1988. Went to UCLA as an undergrad — my roommate at the time, Kevin. It’s our junior he’s on Reddit, and I’ll never forget we’re in our studio apartment. I think I was distracted. I was doing something else. He was like Eric, you know. He’s on some subreddit, and he’s like.
“Oh, Eric, this thing called Bitcoin, and there’s this one dude who just bought two domino’s pizzas for like 10,000 bitcoins. We should just get like a hundred bucks worth of bitcoin, and just see what happens.â€
I then responded “Eh, seems like a scam†and disregarded it. No this is one bitcoin was like less than a penny, so even if me and Kevin and my roommate Kevin, just bought a hundred bitcoins at the time for funsies, right? And I had a hundred bucks right? We would each be worth at least 1.2 billion dollars.
If I had bought $100 worth of bitcoin at the time, once again we would each have about $1.2 billion in our checking accounts.
Today, I’m like, man. This was like the worst mistake of my life, right? But everything has happened as it should have happened. You know. Maybe if I had become a billionaire I’d just become some degenerate, you know. Cocaine addict on some beach somewhere in in Hawaii, and then Seneca would never been born. I would have never done my photography, world travels, whatevers.
Then my reintroduction to Bitcoin was kind of more recently when moving to LA. The cost of living is so expensive, and you know every I don’t know a single person who doesn’t want financial freedom. A long story short, I 1st heard about Bitcoin again, kind of earlier than when I was living in Vietnam around 2017, 2018, and at the time I didn’t really need Bitcoin, because our living expenses were so cheap. It was $320 bucks a month for a brand new studio apartment, fully furnished up, uplighting and the jazz right? And even at the time, passively, the income we’re making. Let’s say it’s a $1000- $2,000 a month. Let’s say it’s not even that much right, but like our whole total expenses, living expenses like maybe $600-700 a month, so I had the epiphany I’m like, I’m never going to run out of money. So already, at the age of 26 in my mind, I mentally retired right
and just more for funsies.
I met this guy named Bing in Singapore. Heard about this thing called Digibyte. Dgb, I don’t even think they’re around anymore. But at the time I’m like, Okay, I want to buy some bitcoins, buy some digibyte. How do I do this? And at the time Coinbase seemed like the best option, because it was the simplest, most minimalist to me it looked like the paypal for for Bitcoin and cryptocurrency.
For fun I bought about $25,000 worth of bitcoin, which, and Bitcoin was only about $7,000, $6,999 a bitcoin. So that was around 3.5 bitcoins. 
I then traded some bitcoin for digibyte, and I kept some bitcoin in my Coinbase account. Then the next few years I essentially saw the waves and the crashes and the dogecoins and stuff like that.
And essentially, I just kind of woke up to my guts and found out that Bitcoin was a real deal.
Some strange analogies is to me Bitcoin is almost like a new
World economic religion, I mean, people who follow Bitcoin are like fanatic. They’re zealous about it. They follow Michael Saylor like he’s like you know the prophet. You know the next prophet of Bitcoin right?
And it’s always good to invest in religions or to invest in cults like the cult of Tesla, Elon Musk apple, Steve Jobs. Whatevs, right?
Now obviously, I have financial independence now, and the only reason I’m teaching this workshop or sharing this information is, I almost feel like it’s my ethical imperative. Once again, if you could have discovered internet in the early days, or clean drinking water, I would feel that it would almost be a disservice if I did not share this information with others.
So everyone’s always about like, okay, so what is the Bitcoin gonna be worth? So there’s the open source model. Michael Saylor, I think, helped create it. It’s called the Bitcoin 21 model, I think. Right?
So 21 years from now his base case is that Bitcoin is going to be $13 million a Bitcoin. Bear case, $3 million a Bitcoin. The bull case is $49 million a Bitcoin, and note, this was in 2024 in July before Trump was announced as President, and he is ultra super pro crypto and bitcoin and also worth following, is his son Eric Trump, ironically. His name is also Eric also the funny thing. There’s a bunch of Eric’s actually in the world of Bitcoin, Eric Kim Eric Semler, of semler scientific, this other Etf guy who works for Bloomberg. His name is Eric Balconus, or something like that.
Essentially, we have an all Republican trump, pro bitcoin pro crypto, President and cabinet, whatever right?
What is really fascinating about Michael Saylor’s predictions for the future price of bitcoin is that when it was only $65,000 a bitcoin, and we were a bit uncertain about what the future of bitcoin and the president and the government would look like.
The last four years, we were all fighting an uphill battle, because the former administration was adamantly anti-crypto and anti-bitcoin. Gary Gensler who seems like a smart guy, was for some reason really anti-bitcoin and crypto? 
And so these were all written by Michael Saylor’s predictions before we had the most pro bitcoin
government of all time. So all these numbers, I think, should be inflated. So my personal thought is, I think, for the next 4 years once Trump takes office, January 20, 2025. I think this will be the craziest, best Bitcoin Bull Run of all time the next 4 years. So currently, Bitcoin’s been going up around 60% to 62% arr annual rate of return. And I think once Trump takes office, and I’m pretty sure he’s gonna buy the 1 million Bitcoins, or whatever for the strategic American Reserve.
And also I think Eric Trump, his son, is committed to having Bitcoin be at least a million in Bitcoin.
So let’s see. So my personal prediction, right? So I think Bitcoin will grow by at least 120% arr over the next 4 years. So let’s say, Bitcoin is worth around $100,000 right now. So by next year, let’s say it’s 250,000 the year after that, let’s say it’s 750,000, let’s say the year after that it’s like 1.2 million. So I think we’re on track to hit a million a bitcoin in 4 years about 10 x gain. So just do the mass from then.
Now, people are always asking, okay, this, you know, Bitcoin reserve strategy, you know, like, how is? And why is America going to buy the Bitcoins? Right? So we’re essentially out of physical land and real estate. Now we have to go to cyberspace right?
And it seems kind of silly, like something out of a sci-fi film. But the truth is, they’re currently the war we’re having with China and Russia. It’s it’s not physical war per se. It’s actually cyber war. So cyber security is the big big money maker. Even cyber penetration testing. Right? I think Gmail is trying to get like all these malicious actors tried to attack the Gmail servers like a million times a minute. Something crazy, right?
And if you look at the history of America, right? So, Manhattan, 1926, the price of Manhattan. It was essentially stolen from the natives. Right? 60 guilders, right Louisiana purchase, you know, to fund Napoleon, California. Also kind of stolen from the the local Mexicans right? And also Alaska right. The the payoff was great, right, and so essentially the Bitcoin Act, the Cynthia Lummis Bill.
She’s trying to get the States to buy at least a million bitcoins right? And you know even a Michael Saylor is much more aggressive. He’s like no America should at least purchase maybe 5 or 6 million bitcoins, which is 20 to 25% of the whole Bitcoin supply. And all America has to do. It’s a free trade. They just need to sell their gold and then buy Bitcoin. And in a recent interview that I was listening from Saylor.
super fascinating, is like
essentially what he said was the super evil genius strategy of selling America, selling her gold reserves and buying Bitcoin is that if that’s the case, comma.
we demonetize our enemies.
you know, capital reserves. So then suddenly, the the gold of the Russians, the Chinese, will go to 0, and then everyone’s going to rush into Bitcoin. And if America owns Bitcoin, it’s a good sign for the future. And also another big thing I want to talk about. Why does America have the best economy on the planet.
So we essentially gave birth to Apple Amazon, Facebook, the magnificent 7 stocks, Netflix. And you know, people talk about China. It’s like. Okay, I don’t know a single rich mainland Chinese oligarch who doesn’t want to send their kids to the States to
to Harvard or Yale or Princeton, you know, buy a nice house in Palo Alto, the Bay area, or even Vancouver. No rich mainland Chinese person actually wants to be in China, but because of capital controls, they’re kind of stuck. So once there’s going to be a mad rush to Bitcoin. That means that you, your family, your whole squad, is going to prosper now.
you know, issues. My, my friend Dante had a question about storage. So
I think the hard thing with storage is okay. So how do you say this?
I, my, this is my personal philosophy. The reason I do not personally trust cold storage for myself or more of these self custody options is that
I know that I am very forgetful, and my biggest fear is, let’s say, I forget my passcode, or whatever is right to the Bitcoins. And or let’s say, my kids, kids can forget it right? Then boom like, you’re gonna be out like a hundred 1 million dollars. Right? So that’s that’s not fun, right? And so personally, I think the easiest is to just, you know, store it on the cloud. So, using a trusted custodian, whether it be coinbase. I think fidelity has their own services now.
And the you know honestly, it seems like Coinbase is probably the best option coinbase.com, or you just download your iphone ipad. Whatever right is that you could also get a link with your biometric apple id data, whether it be face id or thumbprint. Whatevs right? So this way, it just feels much more secure. So
for me, I would prefer an 80 to 85% optimal thing that is kind of dummy proof rather than take the 100 secure option which, because of user error, I might fail, and something that I personally learned is
in terms of technology. And all these things in between
seeking the simplest, most straightforward option
that is least complicated is often the best solution. And the reason I would be very, very wary of a lot of these people promoting, you know, buying their hardware wallets. Whatever’s right, everyone has a buck to make. Everyone has a bitcoin to make. Everyone wants to make a few satoshis here and there.
and so they’re trying to fear monger use. Oh, you’re gonna you know, Coinbase going to get hacked. And I’m like, no, I don’t think it is. It’s like, you know, back. It’s like essentially a Us. Government, you know, it’s essentially it’s traded on the the You know the Stock Exchange. It’s a American based company. I would. I would not trust anything outside of the States.
But yeah, I would say, choose now, obviously, if you’re super, you know.
quant genius, autistic genius, then do all the cold storage stuff. But if in doubt, just the simplest thing is, coinbase seems to be the best. Okay, so this is kind of my free money hack. So I call this microstrategy, strategy, mstr microstrategy versus bitcoin. And okay, so it’s very, very simple. So this becomes a philosophical debate. To say it short.
I think the ultimate goal is to own Bitcoin, he or she, or the entities with the owners of the most Bitcoin shall win. And so for me, philosophically, you know, let us say that you could own, you know, 20 bitcoins, or you could own 2 million dollars worth of micro strategy. Mstr. Stock. Right?
1020, 30 years from now, right?
You’re going to actually outperform. You’re actually going to make more money from microstrategy stock than Bitcoin. So Bitcoin, historically, has been 60% to 62% AR annual rate of return micro strategies is almost double that 120 to 1, 25 AR. So if you actually want to maximize your returns. You just buy microstrategy stock mstr and bitcoin. Right? But the issues is, you know. Let us say that Michael Saylor gets shot. He gets killed. He
you know, dies in a Cybertruck, whatever. Right? Then, it’s probably not going to be the world’s best future for microstrategy. So it’s actually much more risky. So if you want the least risky option, it’s just put all your money into Bitcoin right? And some millennial living strategies. Right? So the the simplest strategy I have. I call it the Spartan strategy. This is why I personally follow. Is you essentially try to live as minimally and frugally and sparse as you can, and just put literally 90% of your income into bitcoins right?
And a free money hack I discovered. So, for example, let’s say you have $150,000 or €150,000. Right? And you know I’m not 100 sure how it works. If you’re a European. What is right. But you, you buy micro strategy stocks. So let’s say you buy, you know, 100,000 or $150,000 worth of it right? And Mstr, and you use fidelity, or robinhood, or whatever trading app you have. Right.
And the strategy is simple. It’s whenever you know. Let us say the base case 150,000.
Let’s say your microstrategy stock value then goes up to 200,000. Right?
You sell $50,000 worth of it, and then you just transfer that to your bank account.
and then your bank account is linked with your coinbase account. Then you just buy the Bitcoin right and rinse and repeat so very, very impressive over the last 3 months, I started with initial seed capital of around $150,000 in microstrategy stock
off of that $150,000 right? And I haven’t even touched my principal. I yielded $242,000
off of that initial 150,000 right? And also for traditional Roth, Roth, Ira retirement accounts. I put everything into microstrategy stock, and it is already like 3 x like, for example.
My roth, Ira, just kind of randomly was like what $78,000, and then the course of 3 months. It’s like now, it’s like 230,000. It peaked at around 300,000. So it’s going to be a good future. And so the the very simple strategy. So let us say you’re able to get down your living expenses to let’s say
you know, 5,000 bucks a month or €5,000 a month. Right?
the point isn’t to just make a bunch of money and just go out and buy the Lambo. The the goal is actually to continue to live for good. If anything live more fully. People who says like, Oh, you know, you want to get rich, don’t care about money or whatever. If you’re a real real greedy, you know money, loving person. Actually, the optimal strategy is.
you live, you know. You continue driving your old Toyota Prius, and just pour all of your money in Bitcoin, because really the truth is and this is my philosophical thought is, there’s almost nothing worth on the planet purchasing.
Besides, Bitcoin is my philosophical thought. So and also some e even more super smart economic leverage. Right?
So instead of paying an arm and a leg for rent in La or New York. Brooklyn, you just move to like Southeast Asia. Right you go. Move to Southeast Asia, live like a king, for like 300 500 bucks a month. Right? You just put all your money to Bitcoins right? So even if you had a modest savings, right, let’s say you had like $200,000, and you had microstrategy stock.
let’s say every month of the month is rent is due, and the expenses are due right? You just sell a small portion of that stock, and it’s going to go up. So my thought on the next 4 years, micro strategy, assuming it’s around 2 x Bitcoin. I think Bitcoin is going to go up 120% error. I think micro strategy is going to double that 240% error. So just do the masses. At the end of every single month
you make a small. Your gains go up like crazy right, and let’s say your living expenses are like under a thousand bucks, or if you, if you live in the States, 5,000 bucks, you sell X amount of monies to just support your living expenses, and you just continue to ride your gains. But ultimately my personal thought is whatever excess, money and capital you have just put it onto Bitcoin. So the micro strategy then ends up becoming the engine or the turbocharger or the cash cow. You milk it, and you shave the cream off the top, and then you buy Bitcoin with it.
So I think the reason why to me Bitcoin is such a fascinating thing, and very exciting, is essentially Bitcoin is digital photography. Peter Diamandis, the ex guy. Right? You know, he talks a lot about kodak film. You know the iphone and disruption.
So actually, intuitively, as photographers and digital photographers, we should actually understand. You know, this disruptive power about digital photography. So obviously, you have the hipsters with their mustaches and their flannels, you know, talking about the virtues of film photography.
But the truth is, digital photography is like a quadrillion times better.
And also currently, in the year 2025, incoming
digital photography is actually superior to film photography. I mean.
maybe in the early days of digital sucked right. But now, at this point, digital photography is far superior to any sort of film photography, and the only reason you should film in today’s world
is either as like a practice to appreciate the joys of photography. So the philosophical approach.
or you know, you’re trying to be some sort of like, you know, snoppy fine art photographer and overcharge money for your photos. Then you shoot film.
because honestly, the the fine art market, they’re always going to overvalue film photos over digital photos, because it’s more complicated. It’s more strange, right? So in the art, in the art world, the more complicated, abstruse, and complicated, you can make your art the better. But for us.
where you care about practical things, yeah, think about Bitcoin. So think about the iphone iphone pro versus your mom’s kodak Browning camera. I think the the thought is obvious. Okay.
so how to start buying Bitcoin. Very simple. Just download the coinbase app, or you know if you if you don’t want to actually own Bitcoin, you just want to make a ton of money, just buy micro strategy stock Mstr, and use your traditional
accounts. And I still think that this is the biggest thing is that everyone wants to become a millionaire, right?
But you know what I think people want to do is
they don’t want to earn like, okay, okay.
people want to spend a million dollars.
They don’t want to actually save and build a million dollars right? And so if you think about, you know, money and
capital digital capital, I think about like Lego bricks, right? I just went to Legoland. Senecall is great. So let us say that
each bitcoin, or dollar or 1 million dollars like these. Let’s say these are Lego bricks right? The goal is, you want to build your Lego Tower brick thing as tall as possible. You don’t ever want to
get rid of your bricks and throw into the trash. That’s essentially what consumerism is. And this is actually another big philosophical thing I discovered is, what’s the difference between capitalism and consumerism. Consumerism is actually the exact opposite of capitalism. Capitalism is about accumulating wealth.
building your capital and not spend it right. Even one of my favorite Kanye quotes is like why people make money don’t spend it. But I’d rather buy 80 gold chains go ignorant, right ignorant. And so the pernicious thing that happens in a lot of communities, especially poor communities. Right? I’ve seen this happen with my own eyes. Right?
Happens to Korean people. It happens to everybody, right? Is that you know you live in a crappy apartment in K. Town with 20 other dudes. Yet you drive the brand new Bmw. And you’re not building any sort of generational wealth. Right? And so essentially, yeah, you want to build the capital and not spend it. And essentially, you want to start to intelligently leverage your capital
to give to your future kids or your descendants, or whatever you want to do. Now, the hardest thing about Bitcoin is stomaching the volatility so volatile, mean. Just it goes up, it goes down, and then, like honestly for most people, it’s going to give them like 5. 100 heart attacks over right now
I think of a Bitcoin kind of like nuclear energy, so
nuclear energy in the untamed formed is obviously toxic could cause the next Fukushima whatevers right? But if you have a bunch of smart people, engineers, nuclear physicists working in a controlled manner, right? It’s like the greatest benefit to society, because to humanity, because essentially, you’re giving people free electricity forever. Right? And
I think my personal thought is the volatility is a future not above. So the reason why Bitcoin goes up and down the sideways so much all the time, and you can have huge swings
is because you could trade a 24, 7, 365 on the weekends in the evenings. Right?
It still befuddles me that in the year 2024, 2025 like. Why is it that you know, after 5 pm. You know Eastern time, or on the weekend Saturday, Sunday like, why did they close the market? So what if there’s another Cuban missile crisis. It makes no sense right?
And also the reason why it’s so volatile is that it’s actually the most
desirable commodity on the planet. And there’s all these people with these weird Bloomberg machine terminals, whatever they are, always pegging everything to the Bitcoin. So a lot of people ask about ethereum dogecoin webs, right. I think Bitcoin is the only true.
Everything else is the false prophets. Everything else is the false coins. The immaculate conception of Bitcoin and Satoshi.
I think this is actually a big deal, because anything that is not Bitcoin, you know, ethereum and the like. They they need some sort of spokesperson, or, you know, individual to prop up the value right, whereas Satoshi, he invented it, he disappeared forever. Now the reason why this is such a big deal is that
every other crypto thing which is not Bitcoin.
It does not have a hard cap
like you could print more ethereums. You could print more. Whatever tokens you cannot print more bitcoins, and that’s that’s the big thought.
So. Volatility is vitality. Eric Kim. I actually didn’t say that. Sorry. That was actually Michael Saylor. I typed that in wrong. But essentially
you know, volatility is vitality, and the more volatile the more energy the power you have, the more vitality you have. So once again, people think of volatility as being risk. That is actually not the case. Bitcoin is going to go up forever, but it’s going to be like an extreme roller coaster and go up down, but with extreme swings it’s extreme performance. So
yeah, volatility is not risk. Volatility is just going up and down a lot, but essentially over a long enough time span. It’s going to go up forever.
So I borrowed a lot of slides quite liberally from Michael Saylor. Some of these are from his recent Microsoft. Pitch. And yeah, just go. michael.com go to his presentations looking at yourself. So I’ll just make some quick points. So
essentially, currently, Bitcoin is like a 2 trillion dollar asset class right? And this is also from Jesse Myers once in a species.com. And the reason why this is important is currently you know. Let us say the whole world’s economy is 900 trillion dollars, right? And
what we have our eyes on is real estate. So real estate is, you know, most people don’t really just use real estate as a place to live right? Otherwise, you just rent. People use it for a long term store of value. So, for example, if you’re a really really rich family from New York City, you own, like 10 square blocks in Manhattan, and, you know, does your descendants sell, you know.
a square block to buy himself a few Ferraris. No, that that would be a bad strategy. So the the tip I have for any single person trying to build intergenerational wealth. Keep it simple. Only one rule. You don’t sell the Bitcoin. If you face extreme poverty or financial distress, I don’t know. Become an Uber driver or something. Pay the bills, but don’t sell the Bitcoin.
and currently I think we’re going to see is Bitcoin is just going to take over the gold market, which is 16 trillion dollars, maybe the cars and collectible art market.
Now, a big thought is this is from Michael Saylor once again, is that
all these assets on the planet.
Some of half of it is to provide utility. Right? So, for example, you know.
let’s say you need you need somewhere to live right? No so that provides utility right? But then, again, some of it is to preserve capital right? And
as a 36 year old millennial nowadays. The pressures. Oh, you got to buy a single family home today, right? But the the reason I get so sus of people saying you should buy a house is that they’re like, oh, you essentially need somewhere to live. You’ll build capital. Blah! Blah, right? You don’t want to give money to land, but it’s like no, you only need one reason like you would only ever buy a single family house. If let’s say you really like having a backyard and a garage, or what is right. But it’s really not
a money making thing, because homeownership is like a trillion, times more expensive than you would otherwise think, and as a consequence, with a single family home, even if the price is going up right
at best, you might be breaking, even if not, you know, slowly bleeding yourself. Because, let’s say, real estate is on average, going up 10% a year, right? The money supply the inflationary. M 2 supply is 15% a year. So you’re actually kind of losing money.
So the big thought is once again, you know.
the optimistic thought is eventually all these long term sort of things are going to become digital capital. I still think about this, the Warren Buffett. They’re all gonna die. And then, when we, you know, take the take the mantle. What’s gonna happen the next 20 years, even if you’re 80 years old right now? 81 years old. Shout out.
You know, I think I’m optimistic. We could live to be 100 20. So yeah, this is definitely the next wave. You’re not going to want to miss right? And you know, currently a lot of millennials. People like everyone wants to buy the Lambo or the Ferrari.
You’re you’re going to lose the value of it in about 3 years. You want to live forever.
So these are some kind of conservative growth estimates, according to Michael Saylor’s Bitcoin 24 model. So in about 21 years, and this was still pretty conservative. Right? Bitcoin is going to become a 280 trillion dollar, you know thing right? So going from 2 trillion to 200 trillion, so at least 10 x. So you’re conservatively, you’re going to see your money at least 10 x in 21 years, which is pretty cool. Right? It’s not going to take over all these other things. It might, but it might not.
Now people always ask.
what is Bitcoin backed by? So I did the maths right and based on what other people say, too essentially the Bitcoin network. If you took all the apple Amazon aws servers, Meta.
combine them all times 20, you could still not hack the Bitcoin network in in terms of the raw power that goes into powering. Think about like 20 nuclear power reactors powering the thing right? And also people don’t understand is there’s already been 850 billion dollars of quote, real money investment thing follow Blackrock. They just recently recommended most of their
you know, owners to allocate at least 2% of their portfolio into Bitcoin, which is kind of a big deal. Look about what Larry Fink says. Blackrock is like what they own. What 40 trillion dollars of assets around the planet. They’re they’re kind of a big deal. And also it’s a network effect. So you remember, in the early days of Facebook. It was only it was only university students with the Edu address were allowed to join in. Then they opened up to everybody, and the network effect of Facebook is that
if you have Facebook and I have Facebook, then Facebook instantly becomes more valuable to both of us, because I can now share my photos with you, whatever’s right. But then, if your friends friends also have Facebook, it becomes much more valuable to everything. Same thing goes with facetime right. The reason why I got you know I used to be a Diehard android dude. Now I’m like all icloud everything. It makes life so much easier. You get your mom an iphone. Now you get facetime imessage. It makes life way better.
And so Bitcoin is going to be the same thing as more and more people are going to continue to download Coinbase or Whatevs. And also my optimistic thought is, if Apple doesn’t want to become irrelevant, it’s I’m very certain the next 5 to 10 years. Apple is going to have their own
Bitcoin storage thing in your icloud account. It makes sense right. They have apple pay. They have the apple wallet. Essentially.
apple is the new bank. And so now, when they do like a you know, a 3 device authentication for your bitcoins through your iphone, your ipad and your macbook pro whatevers.
It’s actually it might actually be one of the most safe ways to store your bitcoins.
Also things to think about. If you’re a traditional investor
so there’s this notion called the cost to capital cost to capital that Michael Saylor says a lot. I might be getting this wrong. But
essentially the S. And P. 500 right?
on average, is like 14 to 15% return year over year. Right? So if you’re not making at least 15% or over 15% a year, you’re essentially losing your bleeding money. So real estate gold bonds is kind of a losing bet, right? And so the magnificent 7 which all the big tech stocks 28%, a little bit better, right? But look at Bitcoin. It’s like 62% year over year. And it’s kind of the obvious bet, right?
And even if you think about you know, everyone’s talking about Nvidia Tesla. You know what is right.
I think the reason why the mainstream media they don’t like to talk about micro strategy is that it’s still a little bit too weird and bizarre. And it’s not as buzzworthy as AI, because, okay, people like to think of this like evil Terminator AI, the video going to take over the world and find it right. But nobody is like Bitcoin, like
Bitcoin is not an android walking around 2 feet, taking over the planet right? So people actually don’t like to talk about Bitcoin. And for so long people thought that Bitcoin was a Ponzi scheme right. No one ever thought that AI was a Ponzi scheme. So the video always catches the headlines. But look at microstrates, look at the best performing stock on the human unit in the human universe
over 3 x. That of Nvidia, which is already impressive, and Nvidia is already destroying Tesla by a massive margin as well. Right? So
I mean? That’s that’s pretty obvious, right?
Even Donald Trump watches a Nashville presentation. He quotes Michael Saylor directly, says, Never sell your Bitcoin. Apparently Eric Trump, the son of Donald Trump has known Michael Saylor for 20 years. I’m not sure if that’s true or not, but if that’s the case.
I’m like a hundred percent certain that. You know, Michael Saylor essentially has the left ear of Donald Trump.
And yeah, it’s it’s a it’s a very good thing.
So if you want to plug and create your own models. Google, the Bitcoin, 24 model. It’s on Github
plug in your own assumptions.
And this is the big thing that I have my eyes set on. So currently, you know, it’s December right? And everyone’s waiting for the trump to get into the office January 20.th So this is a tricky thing. So I used to be Super Anti Donald Trump, right? Because I could care less about politics and stuff like that right? And
but
one Donald Trump became super super pro bitcoin. I started to listen and start watching all his interviews and looking like honestly the you know, I’m from the Bay Area like Liberal Democrat, my whole life right? And actually, I kind of realized, wow, the the left leaning media is kind of the they’re kind of the evil ones here. And Donald Trump, he seems actually kind of like a cool, nice nice nice guy, right?
And the big thought is.
there’s no, there’s not going to be a World war 3. What is right? And Bitcoin, under the trump administration is gonna explode, and it’s gonna be the
the greatest 4 years of prosperity of all time, and this once again coming from like a super left leaning liberal. So this is a good thought so. Anyways. Let us say, you know.
America leads the charge in the crypto Bitcoin revolution. Right? And yeah, I think
assuming that America really wants to control the future. I think the America purchasing 6 million bitcoins is not fully out of this this planet. Right?
So some thoughts on building personal family wealth.
So the reason why I think this is kind of a big deal is that
everyone wants to build wealth right. Everyone wants to be intelligent with their investing. It doesn’t matter if you’re a nonprofit, a charity, a church, Mother Teresa, like every single organization, will always need money. Capital. If you have an endowment, you know, for Harvard, Yale, Princeton, Stanford Brown University. Whatever even the Uc. Is right, everyone needs money and capital right.
and I don’t like to think too much about the macro, because I’m not an institutional investor. I just think about myself, my family, my best friends, my squad. Right? So the goal is building personal family wealth and how to intelligently invest. So a lot of people talk about timings. Oh, when should I buy Bitcoin? Should I time it the high. Then people take out these charts and these candlesticks, which is all just witchcraft and pseudoscience don’t follow any of that.
Essentially the thought is.
anytime is a good time to buy Bitcoin if it’s high, low, Middle, whatever. We’re going to keep buying the top forever. So recently I bought some more Bitcoin at $100,000. Right then it dipped down to 90,000 to 88,000 hit 103,000 again, and so I’m pretty sure that in 1020 years I’m going to be buying Bitcoin at 1 million, a Bitcoin, 10 million dollars a Bitcoin, 55 million dollars a Bitcoin, whatever is right, and because if you do the simple math, just think at least 4 years ahead, right? So if I could tell you with 100 certainty that Bitcoin is going to be 1.2 million a Bitcoin
in 4 years
as long as you’re buying it for less than a million dollars a coin. You’re going to be in the green like it’s it’s kind of a a good bet, right? And actually, also, ironically, my personal thought is
chasing gains is a good thing, but also it’s it’s a good idea to not get quote greedy in the sense of maximizing your gains. So so, for example, right like, what’s the difference between getting a 38% yield and a 32% yield like the the difference is nominal. Don’t don’t worry so much about maximization, because even a lot of what I thought my trades were bad
2 years ago ended up being right. So as investors, we have to think at least 410-20-3040 years ahead of us. So don’t worry so much about the the short term
so practical and pragmatic investing strategies right? So once again, so if I had a simple blueprint, so
some some simple thoughts.
there’s lots of different blends. You could do this, you could. You could be super simple. Just 100 to Bitcoin, buy it on Coinbase what is right, and just keep stacking forever.
100 legitimate. That’s the Bitcoin Maximus opposed the triple, triple Maxi, the triple Maximalist approach. If you just need to pay the bills whatever, and still stack the Bitcoins. My personal suggestion is put 80% of your wealth into Bitcoin and 20% of your wealth into micro strategy Mstr stock. And once again. This is this is what you do. So let’s say, for simplicity of math. Let’s say
Let’s say you have a million dollars or a hundred $1,000, or you use whatever kind of a number you want, right? So put 20% that to microstrategy stock whenever it goes up
beyond the principal, sell some of that stock and put that into micro strategies. Sorry. Put that into Bitcoin, and or use that money to just pay your your bills. So once again what I personally did right?
$150,000 working capital into micro strategy Mstr stock. And let’s say, when it goes from worth $150,000 to $160,000. I’ll sell $10,000 worth that stock. That $10,000 gets deposited to my checking account, which is linked to my coinbase. Then I’ll just buy $10,000 worth of bitcoin right? Or, if you need that, $10,000
for living expenses. Let’s say
you need $3,000 to pay your rent. You take $3,000 of that to pay your rent, and you put the other 7% of that into Bitcoin.
also some other definition. What’s the difference between being an investor, a trader versus speculator?
So an investor, we want to be investors. We want to think about (102) 030-4050 years ahead of us. A trader is a bunch of these, like 20 year old. High testosterone degenerates, you know, single, you know, maybe addicted drugs, or whatever right, who just want to like look cool. I made a billion dollars in a month by using all these complicated
statistical models. Blah! Blah! Right? But you don’t. You don’t want to be a trader because essentially it’s
nobody could time the market. Not even God could time the market right. And what a speculator is people who invest in meme coins. So a meme coin is like buying a Dogecoin or shiba Inu, that the reason why these are not you should not do this is that it is extremely dangerous. You’re going to lose all your money, and it requires
a charismatic leader to support it. So Dogecoin, right? Dogecoin is essentially elon musk coin right?
But if one day Elon musk tweets. Ha! Ha! Doge was just a joke all along, right. It’s not worth anything. The value of it will pump it to 0, or if once again. Elon dies in a you know a robo taxi accident. The value of dogecoin is going to go to 0, whereas if Elon Musk dies, you know Bitcoin is going to still keep going up forever. So speculator is meme coins beyond bitcoin us Bitcoiners. We’re we’re investors.
So you know, somebody also asked about, you know, monetary inflation right? So there’s this thing called the M. 2 monetary supply of the the rate rate inflation.
And once again you’re going to have to exceed at least 13% to 15% to
not lose money. So, for example, let us say, you have a billion dollars of us dollars in your checking account. Right? You’re going to be bled to death. Right? So in a year, your 1 billion dollar is going to shrink to 750 million down to 500 million, to 350 million. And essentially, you’re going to get a point where your money is worthless.
And already we see this right now. So currently, the price of real estate, single family homes is exploding. But this is my critical view. How much of that is that the value of a single family house is higher versus our Us. Dollars are just simply worthless. Right? So if you just do the same simple maths, right?
So let us say that. You know, minimum wage goes from $15 an hour to $20 an hour overnight for Mcdonald’s worker. Right? That means instantly. You see, 25% inflation. So your 1 million dollars in the bank is now worth only 750
$1,000. So yeah, once again. The real real rich people. They store less than 1% of their wealth in
Us. Dollars in their checking account like, you’re not gonna have Jeff Bezos bragging to other people that he has 10 billion dollars of us dollars in their checking account. No, it’s it’s all going to be in you know, stocks, or, you know, real estate. And actually, ideally, Bitcoin. Cyber cyber capital.
So yeah, that’s that’s essentially the the end of my presentation.
Life is just a bunch of physics experiments, physics and biological physics and physiology?
I love electricity !
FULL PRESENTATION VIDEO RECORDING DROPBOX
Introduction to Bitcoin Transcript
Eric Kim: All right, we’ll get the party starting all right.
Eric Kim: Hopefully, everything is hearing.
Eric Kim: and yeah, thanks for tuning. All right, we’re gonna start all right.
Eric Kim: So the Bitcoin revolution, the revolution will be televised. Eric, him right? So, starting off.
Eric Kim: you know, what is Bitcoin? Why does it matter?
Eric Kim: So I think the 1st important critical thing is trying to consider and think you know what is Bitcoin we’ve all heard about in the news we heard about Bitcoin as being a Ponzi scheme, a pyramid scheme. And honestly, my mom has gone through her fair share of Ponzi schemes like she she got suckered by the whole Amway scam.
Eric Kim: and I think the reason why Bitcoin is so important and critical is, I essentially see at this point. Bitcoin is like the early days of the Internet. So if you go into a time machine and you could tell somebody in the past, okay, you know, in the days before email existed. Right? So okay, once one day, you know, everyone’s gonna have a supercomputer in their pocket. They’re using it to check all their bank statements. You’re going to be able to use your camera on your phone to scan your you know your checks, your
Eric Kim: your bank account balances. You can use this to send money and messages and videos to everyone on the planet. Instantly everyone would have thought you were crazy.
Eric Kim: and I think one of the biggest misconceptions about Bitcoin. So I think also construct a way to start thinking about. Bitcoin is trying to figure out what Bitcoin is. Not. So my personal opinion is, I do not think that Bitcoin is actually cryptocurrency. I think currency is the Us. Dollar, and I think one of the biggest problems about the whole field of crypto and cryptocurrency is.
Eric Kim: everyone is like a crypto anarchist, which means that they want to see the Us. Government and all the governments on the planet fail, and they can essentially live in peace and silent without interference from the Government. Yet, you know, obviously, at the end of the day, it’s nice to have public streets. It’s nice to not get robbed in the streets. And actually, I think one of the biggest misconceptions about Bitcoin is.
Eric Kim: People think that Bitcoin is trying to replace the Us. Dollar. But my personal thought is, Bitcoin is going to be a supplement to the Us. Dollar. Essentially, I thought this a long time ago that essentially Bitcoin is digital gold to hedge against inflation, which means, as our money, our Us. Dollars, or our euros, or our local currencies become devalued.
Eric Kim: The upside is, our Bitcoin will become more valuable. I think the best analogy that I got was from chairman of microstrategy mstr Michael saylor, essentially thinking that Bitcoin is is not digital currency, but digital
Eric Kim: real estate.
Eric Kim: So I think this analogy is better, because nobody’s on. You know their zillow, you know, 20 times a day, checking their home prices right? And this is my mad. Max Post. Apocalyptic perspective. Is that okay? So imagine the future where there’s, you know, essentially.
Eric Kim: there’s this like nuclear fallout. And you know.
Eric Kim: there’s no inhabitable places anywhere. And let us say, there’s only 21 million single family homes left on the planet for anybody to live. Obviously, sooner or later, you know, people are going to want somewhere to live. And so I think the best analogy, I think, is Bitcoin as digital real estate, which means that with digital real estate.
Eric Kim: You know, a lot of people like, yeah, you know, I want to quickly make money off of Bitcoin. But how do I make money off of it? It’s kind of like the early days of real estate. So if you bought Manhattan in the 16 hundreds, you know, how do you monetize it? And I still think that we’re in the very, very early days of bitcoin and institutional adoption, which means you’re going to start to see New Bitcoin products come out. So some simple thoughts. So we’ve all heard stories of Scumbag
Eric Kim: San Francisco based
Eric Kim: scumbag landlords, you know, charging an arm and a leg for their tenants, and we all hit the landlords, I think with Bitcoin we’ll become the new digital landlords, which means
Eric Kim: effectively,
Eric Kim: we will in the future be able to like rent out our Bitcoin. And you know, let’s say
Eric Kim: Let’s say we have one bitcoin right, and it’s and then I think that the personal math I like to do in my head is thinking that one Bitcoin is equivalent to one single family home. So I currently live in Los Angeles, in Culver City. It’s kind of insane. A single family home. I’ve even seen some in my neighborhood for 4.4 million dollars. The average Median household single family home is around 1.7 million dollars.
Eric Kim: So in my personal mind, where I think Bitcoin is a trillion times more valuable than physical real estate land, because you could always make more of it. It’s not a real scarcity.
Eric Kim: What that then means is.
Eric Kim: I think, my mind the price of a single family home, and the price of a Bitcoin should be piped to another. So in my mind I still think of a Bitcoin at least 1.1
Eric Kim: 1.7 2.1, maybe even 4.4 million dollars a coin. And I think this is a very
Eric Kim: It’s a very fascinating idea, because also, you know, people say, Oh, but Bitcoin is not real. Money is yeah, but like our dead, shiny rocks. Aka. Gold money either, or is fiat currency, you know pieces of paper. You can eat pieces of paper to to live. And I think one of the most interesting things I learned about the philosophy of money is that
Eric Kim: essentially all money is just existing the value of men, and it is all essentially subjective. Now, what makes Bitcoin so fascinating to me is that it’s the 1st time in human existence.
Eric Kim: All 100 trillion years we’ve been existing. Whatever is that? You had a hard cap supply of money. So, for example.
Eric Kim: people often talk about gold, right? So the issue with gold is at the time it was the least bad form of money, because it was very, very scarce. It was difficult to find. It’s difficult to mine transport. Yet there was lots of good properties of gold. It’s, you know, essentially it kind of lasts forever. Aesthetically, it looks beautiful, the nice yellow color of gold mimics that of the sun, and you know, at least back in the day, let’s say you had gold coins it could easily fit in your front pocket whatevers.
Eric Kim: But now things become a lot more difficult because we’re living in the 21st century, the 20 second century on young, you know, we would have flying car drone robo taxi, self driving car waymos. It’s like, Why are we still using an antiquated digital framework of modern day banking swift code accounts. If you’ve ever tried to send money,
Eric Kim: you know, from the Netherlands to South Korea, to Nigeria, to Lagos whatever you find that the the whole swift system is kind of like a bunch of gangster mafiosas like even my mom is currently living in South Korea. And if I would just need to send her like any sort of small amount of monies, right? It’s like crazy. It’s like, why does it. Take 3 or 4 days. Cost like me, 55 bucks, and it’s like this should be done instantly. So I think it’s a big big big revolution.
Eric Kim: So why does Bitcoin matter? It’s kind of like asking somebody why does clean water matter so
Eric Kim: one of the things I love about Michael Saylor, and I highly recommend watching all of his videos. Sailor. It’s essentially Twitter or X at Sailor or michael.com.
Eric Kim: and he uses this analogy of sewer water. So let us say, every all 8 billion people on the planet are all drinking sewer water, and people are dying of dysentery, and people are saying, I don’t get it, you know I exercise, you know. I
Eric Kim: you know I eat healthy exercise every day, but I’m still dying of dysentery. My kids are dying of dysentery, and so the whole issue is that if you’re drinking sewer water, no matter how healthy your lifestyle is, how virtuous you is. It don’t matter. You’re going to be, you know, dying of dysentery, or perpetually sick.
Eric Kim: And so, if we think about these physiological terms, and apply it to Bitcoin and money and digital capital. This becomes really fascinating because my personal thought and you know, also, I grew up in a family of poverty, poverty, meaning that I thought I was going to be homeless at least 2 or 3 times.
Eric Kim: Dad perpetually addicted to gambling with away the rent monies, and so the whole the whole ethos. I had a kid ever since I was 15. Okay, I’m going to take every single penny. I can immediately go out buying some new sneakers, you know, buy some cool clothes, and I literally had $0 in my bank account.
Eric Kim: and so I think the pernicious, vicious cycle of inflation is.
Eric Kim: you cannot blame people for not saving up capital for their future if the money itself is deflating at such a rapid pace, and so I personally think that you know Bitcoin is like giving every single person on the planet like unlimited free Fiji water, or the best alkaline hipster. Whatever water you want. Essentially giving people clean water. And
Eric Kim: a lot of people say, Yeah, but Bitcoin is not real money. It’s a okay. So I think this is a big this is a big shift for me also, personally.
Eric Kim: my personal thought is, Bitcoin is actually more important than
Eric Kim: like, okay, so my personal thought. This is all just my personal thoughts right?
Eric Kim: So we should not think about money. We should think about capital. I think capital is a lot more
Eric Kim: robust and strong as a concept. So, for example, capital comes from Cap CAP. Like upon your head. K-ap. Essentially it came from the head of oxen. So if you read the Iliad, the Odyssey essentially, every time you want to appease the gods, you have to sacrifice a hectacomb, Hecta means 100 a hundred head of oxen to appease the gods.
Eric Kim: And you know, obviously, that’s very expensive, like, can you imagine, if you know you sacrificed a hundred Lamborghinis to appease the gods, it would be quite expensive endeavor. Right?
Eric Kim: And so, capital. We all live under. Capitalism doesn’t matter. If you’re living in Europe, Africa, Asia, America, China, and also one thing that people don’t understand is, I think, what a lot of these people, maybe 4 or 5 years ago, China is going to take over. China’s not going to take over. It’s like China is dependent on America, and effectively, the Chinese Yuan. The cny is essentially effectively pegged to the Us. Dollar and the Us. Is essentially the world. Reserve currency
Eric Kim: and
Eric Kim: capital is what we seek, not money. Money, you know. Use money, like, you know. I’ll get into this little detail a little bit further. But talking about currency, so currency is like, you know, buying a Starbucks Frappuccino, or buying a in and out Burger. Right? That’s like money currency, right?
Eric Kim: Capital is essentially long storm, long term, store of value. So it’s building generational wealth. So one of my favorite songs from Kanye West is the off the grid songs that we off the grid grid grid this for my kid, kids, for when my kids, kids have kids.
Eric Kim: And I think this is also the big thing is a lot of millennials. Nowadays.
Eric Kim: I think the disincentive to have kids is
Eric Kim: people. You know, there’s so much fear mongering about the the future is gonna become, you know.
Eric Kim: boil the seas or whatever. So there’s not going to be a future. So essentially, there’s a strong sense of pessimism. But Bitcoin, to me is like solidified optimism, which means that the future is going to be glorious and great. And you know, even having Seneca right now, think about his future kids, kids, kids, or my future kids, kids, kids.
Eric Kim: It brings me so much joy. Because the simple strategy, you just keep stacking Bitcoin until you die, and then you hand it on to your kids. Your kids give it to their kids kids. It’s like, if you owned, you know, a hundred penthouses or 10 square blocks or 20 square blocks in Manhattan, on the main island. Do you ever sell that to buy a Lamborghini? No, you! That’s
Eric Kim: that’s not what one does, or liquefy it all into us dollars and brag about. How many billions of dollars you have in your bank account. Nope, that’s not the goal
Eric Kim: you want to build capital. And traditionally it’s been real estate. But once again, real estate was a good idea. In the 16 hundreds, 17 hundreds, 18 hundreds, 19 hundreds, 22 thousands. The subprime mortgage meltdown proved that, you know. Maybe it’s not always the best idea. And I think the hard thing is, people say, Yeah, but you know, real estate, you know, essentially, everyone needs somewhere to live, and it’s a
Eric Kim: historically, the value of real estate is always going to go up forever. Now people say that the tricky thing is the pace of monetary inflation is around 15%. The best thing is to either chat Gpt or Google. The M. 2 money supplies. And essentially what you will find is
Eric Kim: them to money supply is essentially a metric in which the Us. Government, or any other government on the planet, includes the euro and stuff. They keep printing more currency. And the reason why then this becomes an issue is that you have more currency in the system that means the individual value of each unit is going to go down. And actually the thing that I call this the in and out Burger. Not in and out, Burger the
Eric Kim: the shake Shack Burger incident. So me and Seneca we used to always buy a single burger, Patty, for a dollar 51 day we pop up. They say it’s 2 50, a burger. Patty, we’re like, we. What this makes no sense is like, yeah, we just increased the minimum wage to $20 an hour increase our wage. $20 an hour for fast food, and the hard thing is with
Eric Kim: minimum wage. You cannot rewind the
Eric Kim: the the hands of time. If you suddenly said that the minimum wage is only $70 an hour, there will be rights. The streets would not be not be good.
Eric Kim: so we’re all photographers, you know, street photographers, whatever. And the hard thing with digital is in our minds, digital is infinite and free. So, for example, I could take a copy of Mozart’s 5th Symphony, or whatever, as Mp. 3, file, and I could copy and distribute it a trillion times with 0 marginal costing right? And so this is where the notion of cyber becomes more interesting. And I’ll think about like, you know, cyber punk thinking about cyber truck.
Eric Kim: It’s
Eric Kim: essentially once again, mathematically, cryptographically, that the hard science and the hard math is there can never be more than 1. 21 million coins
Eric Kim: in existence come up forever. Even if you took all the quantum ultra computers on the planet, times it by 20, you still could not produce more bitcoins. It’s just not how it works right?
Eric Kim: And so
Eric Kim: I think there’s different ways. You can think about it right? So you could think about like I also could. Another fun analogy I think about is that let’s say one Bitcoin is like one cyberox, and it’s immortable, immortal, indestructible. It’ll give you life forever right. And there’s only gonna be 21 million of them in the futures. And now and so this is your chance to get one for an extreme discount. Even if I could tell you right. So once again, the single family home analogy, let’s say.
Eric Kim: let’s even say let’s say you want to buy a single family home. Let’s say it costs a million euros or whatever. Right? So if I could tell you today that you could buy a single family home for only a hundred $1,000 or a hundred €1,000 you’d be like, Wow, that’s that’s the deal of a century. That’s you’re still getting a 90% discount. And my personal thought is.
Eric Kim: Bitcoin is far more valuable than digital real estate, because in the next 2030 years, when essentially all the all the baby boomers. The Gen. Xers die off, and it’s the millennials and Gen. Z’s. And, alphas! That take over everyone’s going to not really care about physical real estate no more. It’ll be digital cyber real estate, which is Bitcoin.
Eric Kim: So my personal story, how did I get into Bitcoin? So it might seem a little bit random. It’s like, Okay, Eric, you’re super famous for photography, street photography like, how do you get to Bitcoin like? It’s like, so random, right? But actually, it’s not very random at all, because, you know, if you’ve been following me carefully, you know the whole time, I’ve always been talking about living minimalistically, frugally, Spartan lifestyle, whatever’s. And you know now that you know I’m pretty stacked with a bitcoin and microstrategy stock mstr.
Eric Kim: Funny enough, I’ve personally found that my lifestyle habits haven’t changed much, I mean, I’m a little bit more generous, maybe, like, you know, took out a friend last night to all you eat cream, barbecued
Eric Kim: paid for her bill didn’t really even flinch. And so my personal thought with Bitcoin is, I personally wanted monetary freedom, and so long story short, so I’ll never forget this moment. So I’m born 1988. Went to Uc. As undergrad my roommate at the time, Kevin. It’s our junior here’s on Reddit, and I’ll never forget we’re in our studio apartment. I think I was distracted. I was doing something else. He was like Eric, you know. He’s on some subreddit, and he’s like.
Eric Kim: Oh, Eric, this thing called Bitcoin, and you just bought a bitcoin like I bought 2 domino’s pizzas for like 10,000 bitcoins. We should just get like a hundred bucks worth of it, and just see what happened. I’m like, sounds like a scam and disregarded it, and I did the math. Now, if me and Kevin and my roommate Kevin, just bought a hundred bitcoins at the time
Eric Kim: for funsies, right? And I had a hundred bucks right? We would each be worth at least 1.2 billion dollars. Today, I’m like, man. This was like the worst mistake of my life, right? But everything has happened as it should have happened. You know. Maybe if I had become a billionaire I’d just become some degenerate, you know. Cocaine addict on some beach somewhere in in Hawaii, and then Seneca would never been born. I would have never done my photography, world travels, whatevers, and my then next reintroduction to Bitcoin was
Eric Kim: kind of more recently when moving to La. The cost of living is so expensive, and you know every I don’t know a single person who doesn’t want financial freedom. A long story short, I 1st heard about Bitcoin again, kind of earlier than when I was living in Vietnam around 2017, 2018,
Eric Kim: and at the time I didn’t really need Bitcoin, because our living expenses were so cheap. It was 320 bucks a month for a brand new studio apartment, fully furnished up, lighting in the jazz right? And even at the time, passively, the income we’re making. Let’s say it’s a thousand $2,000 a month. Let’s say it’s not even that much right, but like our whole total expenses, living expenses like maybe 6 700 bucks a month, so I had the epiphany I’m like, I’m never going to run out of money. So already, at the age of 26 in my mind, I mentally retired right
Eric Kim: and just more for funsies. I met this guy named Bing in in Singapore. Heard about this thing called Digibyte. Dgb, I don’t even think they’re around anymore. But at the time I’m like, Okay, I want to buy some bitcoins, buy some digibyte. How do I do this? And at the time Coinbase seemed like the best option, because it was the simplest, most minimalist to me it looked like the paypal for for Bitcoin and cryptocurrency. I’m either school bought about $25,000 worth of bitcoin, which, and Bitcoin was only about
Eric Kim: $7,000, $6,999 a bitcoin. So 7 k, so I bought about what? 3 and a half bitcoins at the time. For $25,000. Put some of that into digibyte, held a bitcoin or 2, and essentially saw the waves and the crashes and the doge coins and stuff like that. And essentially, I just kind of woke up to my guts and found out that Bitcoin was a real deal.
Eric Kim: I think I think you know. Also, some strange analogies is to me Bitcoin is almost like a new
Eric Kim: World economic religion, I mean, people who follow Bitcoin are like fanatic. They’re zealous about it. They follow Michael Saylor like his.
Eric Kim: you know the profit. You know the next profit of Bitcoin right? And it’s always good to invest in religions right to invest in religions, to invest in cults like the cult of Tesla, Elon, musk apple, Steve Jobs. Whatevs, right?
Eric Kim: So essentially and then, more. Now, like, you know. Obviously, I have financial independence now, and the only reason I’m teaching this workshop or sharing this information is, I almost feel like it’s my ethical imperative like. Once again, if you could have discovered Internet in the early days, or clean drinking water, I would feel that it would almost be a disservice if I did not share this information with others.
Eric Kim: So everyone’s always about like, okay, so what is the Bitcoin gonna be worth? So there’s the open source model. Michael Saylor, I think, helped create it. It’s called the Bitcoin 21 model, I think. Right?
Eric Kim: So 21 years from now his base case is that Bitcoin is going to be 13 million of Bitcoin bear case, 3 million a Bitcoin. The bull case is 49 million a Bitcoin, and no, this was in 2024 in July before Trump was announced as President, and he is ultra super pro crypto and bitcoin and also worth
Eric Kim: following, is his son Eric Trump, ironically. His name is also Eric also the funny thing. There’s a bunch of Eric’s actually in the world of Bitcoin, Eric Kim Eric Semler, a similar scientific, this other Etf guy who works for Bloomberg. His name is Eric Balconus, or something like that. And Eric Trump.
Eric Kim: And
Eric Kim: essentially, we have an all Republican trump, pro bitcoin pro crypto, President and Cabinet, whatever right? And so these were all written by Michael Saylor’s predictions before we had the most pro bitcoin
Eric Kim: government of all time. So all these numbers, I think, should be inflated. So my personal thought is, I think, for the next 4 years. Once Trump takes office, January 20, th 2025. I think this will be the craziest, best Bitcoin Bull Run of all time the next 4 years. So currently, Bitcoin’s been going up around 60% to 62% arr annual rate of return. And I think
Eric Kim: once Trump takes office, and I’m pretty sure he’s gonna buy the 1 million Bitcoins, or whatever for the strategic American Reserve.
Eric Kim: And also I think Eric Trump, his son, is committed to having Bitcoin be at least a million in Bitcoin.
Eric Kim: So let’s see. So my personal prediction, right? So I think Bitcoin will grow by at least 120% arr over the next 4 years. So let’s say, Bitcoin is worth around $100,000 right now. So by next year, let’s say it’s 250,000 the year after that, let’s say it’s 750,000, let’s say the year after that it’s like 1.2 million. So I think we’re on track to hit a million a bitcoin in 4 years about 10 x gain. So just do the mass from then.
Eric Kim: Now, people are always asking, okay, this, you know, Bitcoin reserve strategy, you know, like, how is? And why is America going to buy the Bitcoins? Right? So we’re essentially out of physical land and real estate. Now we have to go to cyberspace right?
Eric Kim: And it seems kind of silly, like something out of a sci-fi film. But the truth is, they’re currently the war we’re having with China and Russia. It’s it’s not physical war per se. It’s actually cyber war. So cyber security is the big big money maker. Even cyber penetration testing. Right? I think Gmail is trying to get like all these malicious actors tried to attack the Gmail servers like a million times a minute. Something crazy, right?
Eric Kim: And if you look at the history of America, right? So, Manhattan, 1926, the price of Manhattan. It was essentially stolen from the natives. Right? 60 guilders, right Louisiana purchase, you know, to fund Napoleon, California. Also kind of stolen from the the local Mexicans right? And also Alaska right. The the payoff was great, right, and so essentially the Bitcoin Act, the Cynthia Lummis Bill.
Eric Kim: She’s trying to get the States to buy at least a million bitcoins right? And you know even a Michael Saylor is much more aggressive. He’s like no America should at least purchase maybe 5 or 6 million bitcoins, which is 20 to 25% of the whole Bitcoin supply. And all America has to do. It’s a free trade. They just need to sell their gold and then buy Bitcoin. And in a recent interview that I was listening from Saylor.
Eric Kim: super fascinating, is like
Eric Kim: essentially what he said was the super evil genius strategy of selling America, selling her gold reserves and buying Bitcoin is that if that’s the case, comma.
Eric Kim: we demonetize our enemies.
Eric Kim: you know, capital reserves. So then suddenly, the the gold of the Russians, the Chinese, will go to 0, and then everyone’s going to rush into Bitcoin. And if America owns Bitcoin, it’s a good sign for the future. And also another big thing I want to talk about. Why does America have the best economy on the planet.
Eric Kim: So we essentially gave birth to Apple Amazon, Facebook, the magnificent 7 stocks, Netflix. And you know, people talk about China. It’s like. Okay, I don’t know a single rich mainland Chinese oligarch who doesn’t want to send their kids to the States to
Eric Kim: to Harvard or Yale or Princeton, you know, buy a nice house in Palo Alto, the Bay area, or even Vancouver. No rich mainland Chinese person actually wants to be in China, but because of capital controls, they’re kind of stuck. So once there’s going to be a mad rush to Bitcoin. That means that you, your family, your whole squad, is going to prosper now.
Eric Kim: you know, issues. My, my friend Dante had a question about storage. So
Eric Kim: I think the hard thing with storage is okay. So how do you say this?
Eric Kim: I, my, this is my personal philosophy. The reason I do not personally trust cold storage for myself or more of these self custody options is that
Eric Kim: I know that I am very forgetful, and my biggest fear is, let’s say, I forget my passcode, or whatever is right to the Bitcoins. And or let’s say, my kids, kids can forget it right? Then boom like, you’re gonna be out like a hundred 1 million dollars. Right? So that’s that’s not fun, right? And so personally, I think the easiest is to just, you know, store it on the cloud. So, using a trusted custodian, whether it be coinbase. I think fidelity has their own services now.
Eric Kim: And the you know honestly, it seems like Coinbase is probably the best option coinbase.com, or you just download your iphone ipad. Whatever right is that you could also get a link with your biometric apple id data, whether it be face id or thumbprint. Whatevs right? So this way, it just feels much more secure. So
Eric Kim: for me, I would prefer an 80 to 85% optimal thing that is kind of dummy proof rather than take the 100 secure option which, because of user error, I might fail, and something that I personally learned is
Eric Kim: in terms of technology. And all these things in between
Eric Kim: seeking the simplest, most straightforward option
Eric Kim: that is least complicated is often the best solution. And the reason I would be very, very wary of a lot of these people promoting, you know, buying their hardware wallets. Whatever’s right, everyone has a buck to make. Everyone has a bitcoin to make. Everyone wants to make a few satoshis here and there.
Eric Kim: and so they’re trying to fear monger use. Oh, you’re gonna you know, Coinbase going to get hacked. And I’m like, no, I don’t think it is. It’s like, you know, back. It’s like essentially a Us. Government, you know, it’s essentially it’s traded on the the You know the Stock Exchange. It’s a American based company. I would. I would not trust anything outside of the States.
Eric Kim: But yeah, I would say, choose now, obviously, if you’re super, you know.
Eric Kim: quant genius, autistic genius, then do all the cold storage stuff. But if in doubt, just the simplest thing is, coinbase seems to be the best. Okay, so this is kind of my free money hack. So I call this microstrategy, strategy, mstr microstrategy versus bitcoin. And okay, so it’s very, very simple. So this becomes a philosophical debate. To say it short.
Eric Kim: I think the ultimate goal is to own Bitcoin, he or she, or the entities with the owners of the most Bitcoin shall win. And so for me, philosophically, you know, let us say that you could own, you know, 20 bitcoins, or you could own 2 million dollars worth of micro strategy. Mstr. Stock. Right?
Eric Kim: 1020, 30 years from now, right?
Eric Kim: You’re going to actually outperform. You’re actually going to make more money from microstrategy stock than Bitcoin. So Bitcoin, historically, has been 60% to 62% AR annual rate of return micro strategies is almost double that 120 to 1, 25 AR. So if you actually want to maximize your returns. You just buy microstrategy stock mstr and bitcoin. Right? But the issues is, you know. Let us say that Michael Saylor gets shot. He gets killed. He
Eric Kim: you know, dies in a Cybertruck, whatever. Right? Then, it’s probably not going to be the world’s best future for microstrategy. So it’s actually much more risky. So if you want the least risky option, it’s just put all your money into Bitcoin right? And some millennial living strategies. Right? So the the simplest strategy I have. I call it the Spartan strategy. This is why I personally follow. Is you essentially try to live as minimally and frugally and sparse as you can, and just put literally 90% of your income into bitcoins right?
Eric Kim: And a free money hack I discovered. So, for example, let’s say you have $150,000 or €150,000. Right? And you know I’m not 100 sure how it works. If you’re a European. What is right. But you, you buy micro strategy stocks. So let’s say you buy, you know, 100,000 or $150,000 worth of it right? And Mstr, and you use fidelity, or robinhood, or whatever trading app you have. Right.
Eric Kim: And the strategy is simple. It’s whenever you know. Let us say the base case 150,000.
Eric Kim: Let’s say your microstrategy stock value then goes up to 200,000. Right?
Eric Kim: You sell $50,000 worth of it, and then you just transfer that to your bank account.
Eric Kim: and then your bank account is linked with your coinbase account. Then you just buy the Bitcoin right and rinse and repeat so very, very impressive over the last 3 months, I started with initial seed capital of around $150,000 in microstrategy stock
Eric Kim: off of that $150,000 right? And I haven’t even touched my principal. I yielded $242,000
Eric Kim: off of that initial 150,000 right? And also for traditional Roth, Roth, Ira retirement accounts. I put everything into microstrategy stock, and it is already like 3 x like, for example.
Eric Kim: My roth, Ira, just kind of randomly was like what $78,000, and then the course of 3 months. It’s like now, it’s like 230,000. It peaked at around 300,000. So it’s going to be a good future. And so the the very simple strategy. So let us say you’re able to get down your living expenses to let’s say
Eric Kim: you know, 5,000 bucks a month or €5,000 a month. Right?
Eric Kim: the point isn’t to just make a bunch of money and just go out and buy the Lambo. The the goal is actually to continue to live for good. If anything live more fully. People who says like, Oh, you know, you want to get rich, don’t care about money or whatever. If you’re a real real greedy, you know money, loving person. Actually, the optimal strategy is.
Eric Kim: you live, you know. You continue driving your old Toyota Prius, and just pour all of your money in Bitcoin, because really the truth is and this is my philosophical thought is, there’s almost nothing worth on the planet purchasing.
Eric Kim: Besides, Bitcoin is my philosophical thought. So and also some e even more super smart economic leverage. Right?
Eric Kim: So instead of paying an arm and a leg for rent in La or New York. Brooklyn, you just move to like Southeast Asia. Right you go. Move to Southeast Asia, live like a king, for like 300 500 bucks a month. Right? You just put all your money to Bitcoins right? So even if you had a modest savings, right, let’s say you had like $200,000, and you had microstrategy stock.
Eric Kim: let’s say every month of the month is rent is due, and the expenses are due right? You just sell a small portion of that stock, and it’s going to go up. So my thought on the next 4 years, micro strategy, assuming it’s around 2 x Bitcoin. I think Bitcoin is going to go up 120% error. I think micro strategy is going to double that 240% error. So just do the masses. At the end of every single month
Eric Kim: you make a small. Your gains go up like crazy right, and let’s say your living expenses are like under a thousand bucks, or if you, if you live in the States, 5,000 bucks, you sell X amount of monies to just support your living expenses, and you just continue to ride your gains. But ultimately my personal thought is whatever excess, money and capital you have just put it onto Bitcoin. So the micro strategy then ends up becoming the engine or the turbocharger or the cash cow. You milk it, and you shave the cream off the top, and then you buy Bitcoin with it.
Eric Kim: So I think the reason why to me Bitcoin is such a fascinating thing, and very exciting, is essentially Bitcoin is digital photography. Peter Diamandis, the ex guy. Right? You know, he talks a lot about kodak film. You know the iphone and disruption.
Eric Kim: So actually, intuitively, as photographers and digital photographers, we should actually understand. You know, this disruptive power about digital photography. So obviously, you have the hipsters with their mustaches and their flannels, you know, talking about the virtues of film photography.
Eric Kim: But the truth is, digital photography is like a quadrillion times better.
Eric Kim: And also currently, in the year 2025, incoming
Eric Kim: digital photography is actually superior to film photography. I mean.
Eric Kim: maybe in the early days of digital sucked right. But now, at this point, digital photography is far superior to any sort of film photography, and the only reason you should film in today’s world
Eric Kim: is either as like a practice to appreciate the joys of photography. So the philosophical approach.
Eric Kim: or you know, you’re trying to be some sort of like, you know, snoppy fine art photographer and overcharge money for your photos. Then you shoot film.
Eric Kim: because honestly, the the fine art market, they’re always going to overvalue film photos over digital photos, because it’s more complicated. It’s more strange, right? So in the art, in the art world, the more complicated, abstruse, and complicated, you can make your art the better. But for us.
Eric Kim: where you care about practical things, yeah, think about Bitcoin. So think about the iphone iphone pro versus your mom’s kodak Browning camera. I think the the thought is obvious. Okay.
Eric Kim: so how to start buying Bitcoin. Very simple. Just download the coinbase app, or you know if you if you don’t want to actually own Bitcoin, you just want to make a ton of money, just buy micro strategy stock Mstr, and use your traditional
Eric Kim: accounts. And I still think that this is the biggest thing is that everyone wants to become a millionaire, right?
Eric Kim: But you know what I think people want to do is
Eric Kim: they don’t want to earn like, okay, okay.
Eric Kim: people want to spend a million dollars.
Eric Kim: They don’t want to actually save and build a million dollars right? And so if you think about, you know, money and
Eric Kim: capital digital capital, I think about like Lego bricks, right? I just went to Legoland. Senecall is great. So let us say that
Eric Kim: each bitcoin, or dollar or 1 million dollars like these. Let’s say these are Lego bricks right? The goal is, you want to build your Lego Tower brick thing as tall as possible. You don’t ever want to
Eric Kim: get rid of your bricks and throw into the trash. That’s essentially what consumerism is. And this is actually another big philosophical thing I discovered is, what’s the difference between capitalism and consumerism. Consumerism is actually the exact opposite of capitalism. Capitalism is about accumulating wealth.
Eric Kim: building your capital and not spend it right. Even one of my favorite Kanye quotes is like why people make money don’t spend it. But I’d rather buy 80 gold chains go ignorant, right ignorant. And so the pernicious thing that happens in a lot of communities, especially poor communities. Right? I’ve seen this happen with my own eyes. Right?
Eric Kim: Happens to Korean people. It happens to everybody, right? Is that you know you live in a crappy apartment in K. Town with 20 other dudes. Yet you drive the brand new Bmw. And you’re not building any sort of generational wealth. Right? And so essentially, yeah, you want to build the capital and not spend it. And essentially, you want to start to intelligently leverage your capital
Eric Kim: to give to your future kids or your descendants, or whatever you want to do. Now, the hardest thing about Bitcoin is stomaching the volatility so volatile, mean. Just it goes up, it goes down, and then, like honestly for most people, it’s going to give them like 5. 100 heart attacks over right now
Eric Kim: I think of a Bitcoin kind of like nuclear energy, so
Eric Kim: nuclear energy in the untamed formed is obviously toxic could cause the next Fukushima whatevers right? But if you have a bunch of smart people, engineers, nuclear physicists working in a controlled manner, right? It’s like the greatest benefit to society, because to humanity, because essentially, you’re giving people free electricity forever. Right? And
Eric Kim: I think my personal thought is the volatility is a future not above. So the reason why Bitcoin goes up and down the sideways so much all the time, and you can have huge swings
Eric Kim: is because you could trade a 24, 7, 365 on the weekends in the evenings. Right?
Eric Kim: It still befuddles me that in the year 2024, 2025 like. Why is it that you know, after 5 pm. You know Eastern time, or on the weekend Saturday, Sunday like, why did they close the market? So what if there’s another Cuban missile crisis. It makes no sense right?
Eric Kim: And also the reason why it’s so volatile is that it’s actually the most
Eric Kim: desirable commodity on the planet. And there’s all these people with these weird Bloomberg machine terminals, whatever they are, always pegging everything to the Bitcoin. So a lot of people ask about ethereum dogecoin webs, right. I think Bitcoin is the only true.
Eric Kim: Everything else is the false prophets. Everything else is the false coins. The immaculate conception of Bitcoin and Satoshi.
Eric Kim: I think this is actually a big deal, because anything that is not Bitcoin, you know, ethereum and the like. They they need some sort of spokesperson, or, you know, individual to prop up the value right, whereas Satoshi, he invented it, he disappeared forever. Now the reason why this is such a big deal is that
Eric Kim: every other crypto thing which is not Bitcoin.
Eric Kim: It does not have a hard cap
Eric Kim: like you could print more ethereums. You could print more. Whatever tokens you cannot print more bitcoins, and that’s that’s the big thought.
Eric Kim: So. Volatility is vitality. Eric Kim. I actually didn’t say that. Sorry. That was actually Michael Saylor. I typed that in wrong. But essentially
Eric Kim: you know, volatility is vitality, and the more volatile the more energy the power you have, the more vitality you have. So once again, people think of volatility as being risk. That is actually not the case. Bitcoin is going to go up forever, but it’s going to be like an extreme roller coaster and go up down, but with extreme swings it’s extreme performance. So
Eric Kim: yeah, volatility is not risk. Volatility is just going up and down a lot, but essentially over a long enough time span. It’s going to go up forever.
Eric Kim: So I borrowed a lot of slides quite liberally from Michael Saylor. Some of these are from his recent Microsoft. Pitch. And yeah, just go. michael.com go to his presentations looking at yourself. So I’ll just make some quick points. So
Eric Kim: essentially, currently, Bitcoin is like a 2 trillion dollar asset class right? And this is also from Jesse Myers once in a species.com. And the reason why this is important is currently you know. Let us say the whole world’s economy is 900 trillion dollars, right? And
Eric Kim: what we have our eyes on is real estate. So real estate is, you know, most people don’t really just use real estate as a place to live right? Otherwise, you just rent. People use it for a long term store of value. So, for example, if you’re a really really rich family from New York City, you own, like 10 square blocks in Manhattan, and, you know, does your descendants sell, you know.
Eric Kim: a square block to buy himself a few Ferraris. No, that that would be a bad strategy. So the the tip I have for any single person trying to build intergenerational wealth. Keep it simple. Only one rule. You don’t sell the Bitcoin. If you face extreme poverty or financial distress, I don’t know. Become an Uber driver or something. Pay the bills, but don’t sell the Bitcoin.
Eric Kim: and currently I think we’re going to see is Bitcoin is just going to take over the gold market, which is 16 trillion dollars, maybe the cars and collectible art market.
Eric Kim: Now, a big thought is this is from Michael Saylor once again, is that
Eric Kim: all these assets on the planet.
Eric Kim: Some of half of it is to provide utility. Right? So, for example, you know.
Eric Kim: let’s say you need you need somewhere to live right? No so that provides utility right? But then, again, some of it is to preserve capital right? And
Eric Kim: as a 36 year old millennial nowadays. The pressures. Oh, you got to buy a single family home today, right? But the the reason I get so sus of people saying you should buy a house is that they’re like, oh, you essentially need somewhere to live. You’ll build capital. Blah! Blah, right? You don’t want to give money to land, but it’s like no, you only need one reason like you would only ever buy a single family house. If let’s say you really like having a backyard and a garage, or what is right. But it’s really not
Eric Kim: a money making thing, because homeownership is like a trillion, times more expensive than you would otherwise think, and as a consequence, with a single family home, even if the price is going up right
Eric Kim: at best, you might be breaking, even if not, you know, slowly bleeding yourself. Because, let’s say, real estate is on average, going up 10% a year, right? The money supply the inflationary. M 2 supply is 15% a year. So you’re actually kind of losing money.
Eric Kim: So the big thought is once again, you know.
Eric Kim: the optimistic thought is eventually all these long term sort of things are going to become digital capital. I still think about this, the Warren Buffett. They’re all gonna die. And then, when we, you know, take the take the mantle. What’s gonna happen the next 20 years, even if you’re 80 years old right now? 81 years old. Shout out.
Eric Kim: You know, I think I’m optimistic. We could live to be 100 20. So yeah, this is definitely the next wave. You’re not going to want to miss right? And you know, currently a lot of millennials. People like everyone wants to buy the Lambo or the Ferrari.
Eric Kim: You’re you’re going to lose the value of it in about 3 years. You want to live forever.
Eric Kim: So these are some kind of conservative growth estimates, according to Michael Saylor’s Bitcoin 24 model. So in about 21 years, and this was still pretty conservative. Right? Bitcoin is going to become a 280 trillion dollar, you know thing right? So going from 2 trillion to 200 trillion, so at least 10 x. So you’re conservatively, you’re going to see your money at least 10 x in 21 years, which is pretty cool. Right? It’s not going to take over all these other things. It might, but it might not.
Eric Kim: Now people always ask.
Eric Kim: what is Bitcoin backed by? So I did the maths right and based on what other people say, too essentially the Bitcoin network. If you took all the apple Amazon aws servers, Meta.
Eric Kim: combine them all times 20, you could still not hack the Bitcoin network in in terms of the raw power that goes into powering. Think about like 20 nuclear power reactors powering the thing right? And also people don’t understand is there’s already been 850 billion dollars of quote, real money investment thing follow Blackrock. They just recently recommended most of their
Eric Kim: you know, owners to allocate at least 2% of their portfolio into Bitcoin, which is kind of a big deal. Look about what Larry Fink says. Blackrock is like what they own. What 40 trillion dollars of assets around the planet. They’re they’re kind of a big deal. And also it’s a network effect. So you remember, in the early days of Facebook. It was only it was only university students with the Edu address were allowed to join in. Then they opened up to everybody, and the network effect of Facebook is that
Eric Kim: if you have Facebook and I have Facebook, then Facebook instantly becomes more valuable to both of us, because I can now share my photos with you, whatever’s right. But then, if your friends friends also have Facebook, it becomes much more valuable to everything. Same thing goes with facetime right. The reason why I got you know I used to be a Diehard android dude. Now I’m like all icloud everything. It makes life so much easier. You get your mom an iphone. Now you get facetime imessage. It makes life way better.
Eric Kim: And so Bitcoin is going to be the same thing as more and more people are going to continue to download Coinbase or Whatevs. And also my optimistic thought is, if Apple doesn’t want to become irrelevant, it’s I’m very certain the next 5 to 10 years. Apple is going to have their own
Eric Kim: Bitcoin storage thing in your icloud account. It makes sense right. They have apple pay. They have the apple wallet. Essentially.
Eric Kim: apple is the new bank. And so now, when they do like a you know, a 3 device authentication for your bitcoins through your iphone, your ipad and your macbook pro whatevers.
Eric Kim: It’s actually it might actually be one of the most safe ways to store your bitcoins.
Eric Kim: Also things to think about. If you’re a traditional investor
Eric Kim: so there’s this notion called the cost to capital cost to capital that Michael Saylor says a lot. I might be getting this wrong. But
Eric Kim: essentially the S. And P. 500 right?
Eric Kim: on average, is like 14 to 15% return year over year. Right? So if you’re not making at least 15% or over 15% a year, you’re essentially losing your bleeding money. So real estate gold bonds is kind of a losing bet, right? And so the magnificent 7 which all the big tech stocks 28%, a little bit better, right? But look at Bitcoin. It’s like 62% year over year. And it’s kind of the obvious bet, right?
Eric Kim: And even if you think about you know, everyone’s talking about Nvidia Tesla. You know what is right.
Eric Kim: I think the reason why the mainstream media they don’t like to talk about micro strategy is that it’s still a little bit too weird and bizarre. And it’s not as buzzworthy as AI, because, okay, people like to think of this like evil Terminator AI, the video going to take over the world and find it right. But nobody is like Bitcoin, like
Eric Kim: Bitcoin is not an android walking around 2 feet, taking over the planet right? So people actually don’t like to talk about Bitcoin. And for so long people thought that Bitcoin was a Ponzi scheme right. No one ever thought that AI was a Ponzi scheme. So the video always catches the headlines. But look at microstrates, look at the best performing stock on the human unit in the human universe
Eric Kim: over 3 x. That of Nvidia, which is already impressive, and Nvidia is already destroying Tesla by a massive margin as well. Right? So
Eric Kim: I mean? That’s that’s pretty obvious, right?
Eric Kim: Even Donald Trump watches a Nashville presentation. He quotes Michael Saylor directly, says, Never sell your Bitcoin. Apparently Eric Trump, the son of Donald Trump has known Michael Saylor for 20 years. I’m not sure if that’s true or not, but if that’s the case.
Eric Kim: I’m like a hundred percent certain that. You know, Michael Saylor essentially has the left ear of Donald Trump.
Eric Kim: And yeah, it’s it’s a it’s a very good thing.
Eric Kim: So if you want to plug and create your own models. Google, the Bitcoin, 24 model. It’s on Github
Eric Kim: plug in your own assumptions.
Eric Kim: And this is the big thing that I have my eyes set on. So currently, you know, it’s December right? And everyone’s waiting for the trump to get into the office January 20.th So this is a tricky thing. So I used to be Super Anti Donald Trump, right? Because I could care less about politics and stuff like that right? And
Eric Kim: but
Eric Kim: one Donald Trump became super super pro bitcoin. I started to listen and start watching all his interviews and looking like honestly the you know, I’m from the Bay Area like Liberal Democrat, my whole life right? And actually, I kind of realized, wow, the the left leaning media is kind of the they’re kind of the evil ones here. And Donald Trump, he seems actually kind of like a cool, nice nice nice guy, right?
Eric Kim: And the big thought is.
Eric Kim: there’s no, there’s not going to be a World war 3. What is right? And Bitcoin, under the trump administration is gonna explode, and it’s gonna be the
Eric Kim: the greatest 4 years of prosperity of all time, and this once again coming from like a super left leaning liberal. So this is a good thought so. Anyways. Let us say, you know.
Eric Kim: America leads the charge in the crypto Bitcoin revolution. Right? And yeah, I think
Eric Kim: assuming that America really wants to control the future. I think the America purchasing 6 million bitcoins is not fully out of this this planet. Right?
Eric Kim: So some thoughts on building personal family wealth.
Eric Kim: So the reason why I think this is kind of a big deal is that
Eric Kim: everyone wants to build wealth right. Everyone wants to be intelligent with their investing. It doesn’t matter if you’re a nonprofit, a charity, a church, Mother Teresa, like every single organization, will always need money. Capital. If you have an endowment, you know, for Harvard, Yale, Princeton, Stanford Brown University. Whatever even the Uc. Is right, everyone needs money and capital right.
Eric Kim: and I don’t like to think too much about the macro, because I’m not an institutional investor. I just think about myself, my family, my best friends, my squad. Right? So the goal is building personal family wealth and how to intelligently invest. So a lot of people talk about timings. Oh, when should I buy Bitcoin? Should I time it the high. Then people take out these charts and these candlesticks, which is all just witchcraft and pseudoscience don’t follow any of that.
Eric Kim: Essentially the thought is.
Eric Kim: anytime is a good time to buy Bitcoin if it’s high, low, Middle, whatever. We’re going to keep buying the top forever. So recently I bought some more Bitcoin at $100,000. Right then it dipped down to 90,000 to 88,000 hit 103,000 again, and so I’m pretty sure that in 1020 years I’m going to be buying Bitcoin at 1 million, a Bitcoin, 10 million dollars a Bitcoin, 55 million dollars a Bitcoin, whatever is right, and because if you do the simple math, just think at least 4 years ahead, right? So if I could tell you with 100 certainty that Bitcoin is going to be 1.2 million a Bitcoin
Eric Kim: in 4 years
Eric Kim: as long as you’re buying it for less than a million dollars a coin. You’re going to be in the green like it’s it’s kind of a a good bet, right? And actually, also, ironically, my personal thought is
Eric Kim: chasing gains is a good thing, but also it’s it’s a good idea to not get quote greedy in the sense of maximizing your gains. So so, for example, right like, what’s the difference between getting a 38% yield and a 32% yield like the the difference is nominal. Don’t don’t worry so much about maximization, because even a lot of what I thought my trades were bad
Eric Kim: 2 years ago ended up being right. So as investors, we have to think at least 410-20-3040 years ahead of us. So don’t worry so much about the the short term
Eric Kim: so practical and pragmatic investing strategies right? So once again, so if I had a simple blueprint, so
Eric Kim: some some simple thoughts.
Eric Kim: there’s lots of different blends. You could do this, you could. You could be super simple. Just 100 to Bitcoin, buy it on Coinbase what is right, and just keep stacking forever.
Eric Kim: 100 legitimate. That’s the Bitcoin Maximus opposed the triple, triple Maxi, the triple Maximalist approach. If you just need to pay the bills whatever, and still stack the Bitcoins. My personal suggestion is put 80% of your wealth into Bitcoin and 20% of your wealth into micro strategy Mstr stock. And once again. This is this is what you do. So let’s say, for simplicity of math. Let’s say
Eric Kim: Let’s say you have a million dollars or a hundred $1,000, or you use whatever kind of a number you want, right? So put 20% that to microstrategy stock whenever it goes up
Eric Kim: beyond the principal, sell some of that stock and put that into micro strategies. Sorry. Put that into Bitcoin, and or use that money to just pay your your bills. So once again what I personally did right?
Eric Kim: $150,000 working capital into micro strategy Mstr stock. And let’s say, when it goes from worth $150,000 to $160,000. I’ll sell $10,000 worth that stock. That $10,000 gets deposited to my checking account, which is linked to my coinbase. Then I’ll just buy $10,000 worth of bitcoin right? Or, if you need that, $10,000
Eric Kim: for living expenses. Let’s say
Eric Kim: you need $3,000 to pay your rent. You take $3,000 of that to pay your rent, and you put the other 7% of that into Bitcoin.
Eric Kim: also some other definition. What’s the difference between being an investor, a trader versus speculator?
Eric Kim: So an investor, we want to be investors. We want to think about (102) 030-4050 years ahead of us. A trader is a bunch of these, like 20 year old. High testosterone degenerates, you know, single, you know, maybe addicted drugs, or whatever right, who just want to like look cool. I made a billion dollars in a month by using all these complicated
Eric Kim: statistical models. Blah! Blah! Right? But you don’t. You don’t want to be a trader because essentially it’s
Eric Kim: nobody could time the market. Not even God could time the market right. And what a speculator is people who invest in meme coins. So a meme coin is like buying a Dogecoin or shiba Inu, that the reason why these are not you should not do this is that it is extremely dangerous. You’re going to lose all your money, and it requires
Eric Kim: a charismatic leader to support it. So Dogecoin, right? Dogecoin is essentially elon musk coin right?
Eric Kim: But if one day Elon musk tweets. Ha! Ha! Doge was just a joke all along, right. It’s not worth anything. The value of it will pump it to 0, or if once again. Elon dies in a you know a robo taxi accident. The value of dogecoin is going to go to 0, whereas if Elon Musk dies, you know Bitcoin is going to still keep going up forever. So speculator is meme coins beyond bitcoin us Bitcoiners. We’re we’re investors.
Eric Kim: So you know, somebody also asked about, you know, monetary inflation right? So there’s this thing called the M. 2 monetary supply of the the rate rate inflation.
Eric Kim: And once again you’re going to have to exceed at least 13% to 15% to
Eric Kim: not lose money. So, for example, let us say, you have a billion dollars of us dollars in your checking account. Right? You’re going to be bled to death. Right? So in a year, your 1 billion dollar is going to shrink to 750 million down to 500 million, to 350 million. And essentially, you’re going to get a point where your money is worthless.
Eric Kim: And already we see this right now. So currently, the price of real estate, single family homes is exploding. But this is my critical view. How much of that is that the value of a single family house is higher versus our Us. Dollars are just simply worthless. Right? So if you just do the same simple maths, right?
Eric Kim: So let us say that. You know, minimum wage goes from $15 an hour to $20 an hour overnight for Mcdonald’s worker. Right? That means instantly. You see, 25% inflation. So your 1 million dollars in the bank is now worth only 750
Eric Kim: $1,000. So yeah, once again. The real real rich people. They store less than 1% of their wealth in
Eric Kim: Us. Dollars in their checking account like, you’re not gonna have Jeff Bezos bragging to other people that he has 10 billion dollars of us dollars in their checking account. No, it’s it’s all going to be in you know, stocks, or, you know, real estate. And actually, ideally, Bitcoin. Cyber cyber capital.
Eric Kim: So yeah, that’s that’s essentially the the end of my presentation.
The distinctive black-and-white coat of the giant panda has puzzled scientists for decades, and while there’s no single definitive answer, research has converged on a few likely explanations rooted in the panda’s habitat, diet, and social behaviors:
1. Camouflage Across Varied Environments:
Pandas inhabit mountainous regions in China where they move through landscapes that alternate between snowy areas, dark forests, and dense foliage. The white fur on their torso, face, and neck can blend with snowy backgrounds, making it harder for predators to spot them. Meanwhile, their black limbs and ears can merge with the darker shadows of the forest and bamboo thickets. Unlike many animals that change coat colors seasonally, pandas retain a single coloration year-round. Their distinctive pattern may be an evolutionary compromise, allowing them to remain relatively inconspicuous in multiple terrains.
2. Facial Markings for Communication:
The black patches around a panda’s eyes may serve a communicative function. These dark “eye spots†could help pandas recognize each other at close range, distinguishing individuals and conveying social cues. In addition, facial markings may help signal aggression or intention to other pandas. For example, a direct stare might be more noticeable and meaningful when framed by those bold patches, aiding in non-verbal communication.
3. Diet and Energy Constraints:
Pandas eat almost exclusively bamboo, which is nutrient-poor and requires them to consume large quantities. As a result, pandas have limited energy to devote to activities like seasonal coat changes. Maintaining a single year-round coat coloration that works under various conditions may be more efficient and less energetically costly than growing and shedding different types of pelage with the changing seasons.
Taken together, these factors suggest that the giant panda’s black-and-white coloration evolved to maximize year-round camouflage, enhance communication, and reduce the energy costs associated with maintaining different coats, all of which help this unique species survive in its specialized ecological niche.
.
Pandas are black and white because their coloration serves multiple purposes that are crucial for their survival and lifestyle:
1. Camouflage:
• The white fur helps pandas blend into snowy environments, while the black fur on their legs, shoulders, and around their eyes allows them to camouflage in shaded, forested areas. This helps protect them from predators in their natural habitat.
2. Communication:
• The black patches around their eyes and ears may play a role in communication. The bold markings make their facial expressions more distinct, allowing pandas to signal aggression or recognition to other pandas.
3. Thermal Regulation:
• The contrasting colors might also help with temperature regulation. The dark fur absorbs heat in colder weather, while the white fur reflects sunlight, keeping them cool in warmer conditions.
4. Predator Confusion:
• The stark black-and-white pattern may confuse predators by breaking up their outline and making them harder to recognize as prey, especially in the dappled light of their bamboo forest habitats.
This unique coloration evolved to help pandas survive in their environment, where bamboo forests and high-altitude terrains create challenging conditions.
It shook out Al all tourists
Now or never
Later is never
,
Apple is a scam?
She charges you exorbitant prices for her iPhones, and then tries to upsell you with inexpensive AppleCare package, and then she tries to sell you stupid cases, stupid screen protectors etc., wonder the reality is it should already be doing this safeguard itself.
And then, it makes you realize that she has to do her iCloud upgrades, because you run out of storage. Then she tries to get you to upgrade her services to buy all these Apple prime subscriptions?
.
Think the physiology of your kid 
Follow your gut, you are always right
I like being around other people !
The point isn’t to be in your car at the point is that the simplest card just go to the mall
Fast like a race car
Free, freedom, zero anxiety?
Autistic — super focused ?
,
Live, living a glamorous epic glitzy life ?

Perhaps there is a virtue to touring, tourism?
Electricity perpetual perpetual machine?
My fascination was for self driving cars?
Spoil your kids with experiences
Creative or not ?
Build! Master builder
.
Potential, achieve your potential? Help your kids also achieve their potential?
I guess once you’re rich no longer have to make money, you could just be fully present?
Rudder.
All red everything?
,
Strong impetus , strong motive?
Tenacity , think tenacity– this is the purpose of muscles?
Joust.
Distance.
My favorite things are the simple and the classic ?
The world in miniature 
Lego meditation
Share holder
Bitcoin is science money
How to live
MicroStrategy (MSTR) is set to join the Nasdaq-100 Index on December 23, 2024, following a significant surge in its stock price driven by substantial Bitcoin investments.
The Nasdaq-100 Index comprises 100 of the largest non-financial companies listed on the Nasdaq stock exchange. Inclusion in this index means that exchange-traded funds (ETFs) tracking the Nasdaq-100, such as the Invesco QQQ Trust (QQQ), will need to incorporate MicroStrategy’s stock into their portfolios. This inclusion is expected to lead to increased demand for MSTR shares, potentially boosting its stock price.
MicroStrategy’s significant Bitcoin holdings, approximately 423,650 bitcoins valued at around $42.43 billion, have been a major factor in its stock performance. The company’s strategy of leveraging its stock and bonds to invest in Bitcoin has attracted attention, though it carries associated risks.
In summary, MicroStrategy’s inclusion in the Nasdaq-100 Index will lead to its addition to ETFs like QQQ, potentially increasing demand for its shares and impacting its stock price.
Think natural, animal skins and fabrics?
When is it wise to be conservative? 
Gremlins?
.
Protect your bloodline
Immortal, indestructible!
I hate haters ,,, good people are often haters?
How to change the world
First, start off by hating nothing
Be different
.
Don’t abdicate capital
Awful
They want a capital gain! ***
Taxable distribution
Everyone wants the number to go up!
Don’t issue dividend
Growth company ***
Not sure how to grow?
I’m a growth person!
Trifurcate?
Signal weakness insecurity confusion?
Buy different
Don’t surrender the capital
.
$13 a share, now $400?
40x gain in 4 years?
$80M
.
$10,000 a coin
10x gain
.
Valued on expectations
Think compression & leverage
Real estate rental project company
Renew
Software as service long term lease
3 year contracts
Price escalator –>
How does customer feel about it?
Antitrust?
Conventional strategy, software
Apple Prime
Road to serfdom .. Fiat strategy, for company
I only live in expectations
Path to prosperity is bitcoin
Think differently
Add $150 a share
Don’t destroy the capital!
Loan to value
Double the value of the company
50% expectations
I’ll be buying the top forever!
$10M a coin, $10b a day
We are the bridge
Bitcoin backed securities
Inefficient energy form
Inefficient portfolio
Keep growing every year forever
$500T asset class
Risk premium?
Arbitrage opportunity
Don’t trust ugly people —
.
I’m focused on 21 years
The next 21 year model!
.
21 months too short
.1M of Bitcoin
Man up! ***
It is capital not currency! ***
Not digital currency!
What is Bitcoin NOT?
Money –> legal tender currency and store of value
Capital not currency
Digital currency is tether!
Murray Rothsbard, money and banking in US
Durrant history of the world
17 different directions . Monetary history
Ideas are tropes
Issue the continental
1660, puritans
Time will tell
Jerome Powell said bitcoin does not compete with the dollar, it competes with gold! ***
Gold is capital asset
Garbage 7/7
.
You do not sell your Bitcoin *
Pay me in a building !
Gold settle,ent network failed
20T us sovereign debt
The burden of proof
Forcible mutation that leads to monstrosity
Agenda?
Don’t trust anarchists
 just don’t break it!
Harvey
Ignore them
Don’t flinch
10x
More to lose or gain?
.
Poorly engineered ?
always in the sun!
.
When is it wise to be conservative?
21B, 21B
.
The worlds best use of proceeds
Commodity > SP, higher volatility and ARR
15/15 vs 60/60
Put 100% of your balance sheet on it
Return infinite equity ***–> as long as more than S&P 500!
Cost to capital, 15%, SP 500
Crypto reactor fueled by Bitcoin
Turning on nuclear reactor, horseless carriage put in engine
Pursue a bitcoin treasury strategy
60-80%
Favorable regime for taxes, pro crypto pro bitcoin anti regulation
4 year, $10b
Week, 1.5b$ in a week!
15,000 bitcoins mined in November
Capital markets aligned
100b$ options . Liquidity, #3 stock after Tesla and Nvidia
Jerome Powell
0% coupon, up 55 points, raise 1.75b$, twice as big, $3b by finished
Ahead of schedule,, lot of unknowns
.
October 30th,,, not sure how enthusiastic?
Convertible bond market, preferred stocks. Also fixed income others —
Form of energy, potential or kinetic energy
Train 60 mph, 60rpm flywheel
Driveshaft
Stepping it up, stepping it down
15% arr, 5 vol no risk, 10x over collateralized
15/15%, 75% of Bitcoin away, create $100T market
Cash coupon
Capital gain, over time
25% of Bitcoin
15% arr, 5 vol, 3x sharpe ratio of S&P index.
30/30…
30% ARR,
Do you want as coupon or conversion? 75%
Bonds, convertible bonds MSTR outperform bitcoin, with downside protection,,, they’re a bond!
Strip the volatility and risk, embed senior 10% traunch,
Mainstream normie hate it
$100B open interest … when strip volatility?
.
Open interest is $5m ,,,
We are $98b open interest
Don’t strip away volatility, don’t pour water on the flame!
Pour gasoline on the flame! ***
Channel and compress and turbocharge the engine, don’t turn it out!
Don’t take it out!
.
Turbo, turbocharge yourself
$100T, equity
QQQ
.
Convertible arbitragers
Give people what they want!
.
Capital triple amplifier
Compression, lever leverage
100% bitcoin
.
Virtuous positive feedback loop,
Don’t break the machine!
100% pure, homogenous gasoline reactor
Engineer the reactor
Engineer different
Any amount will do, just choose one.
Don’t be bi-metalism!
Bitcoin crypto reactor
Bitcoin is the fuel, crypto is the reactor
150% bitcoin
System dynamics
Burden, to intervenor
Tough love
.
Transparent
Not that interesting
.
