BUY BITCOIN
Simple enough…
Why?
The lure of speculative gains from non Bitcoin cryptocurrencies (shitcoins) is extremely seductive. It is possible to make significant fiat gains in that arena. At The Wealth Gap we have made some solid trades using shitcoins and continue to do so in a manor that suits our expectations for the future.
So is the advice to buy Bitcoin counterintuitive? NO
We are writing to you from a position of security. Our financial base is already secure as we hold Bitcoin. We have looked at our own finances and purchased enough Bitcoin to maintain our current lifestyles should the existing financial system collapse (which it will).
The amount of Bitcoin everyone needs will of course vary from individual to individual. However we can tell you straight away that most of you do not have enough. We still chase more bitcoin and we utilise our gains from other speculations to acquire more bitcoin. That is our end game.
Below are the issues we are currently facing
Global continued debasement of fiat currencies
Potential for cold / hot war over Taiwan and Ukraine
Commodity pricing threats in Euro / Yuan / Ruble / BTC growing
Dollar is being debased rapidly
Interest rates can not rise without snapping economy
These are the issues that may come in the future
Global collapse of credit market (worst scenario)
Governments chase Central Bank Digital Currencies in other words Serfdom 2.0 tools
PetroDollar pushed from global reserve currency, Thucydides Trap
Energy to be priced in bitcoin
Breakdown of global supply chains over nationalisation
Saylor Strategy
Michael Saylor was already a billionnaire investor before he discovered Bitcoin. He is now spending everything he has and all of the money he can get his hands on through his companies (mainly MircoStrategy) on buying Bitcoin. Not a month goes by where he doesn’t announce another massive purchase of Bitcoin. Either he is insane or he has seen something most of the world has not. Can you afford not to participate…? Can you afford to wait until the prices are even higher?
He might be wrong, but if he is right can you afford to ignore him….
Right now it is cheap to get in the game. All you need is to buy a little bit of Bitcoin as insurance against the exiting fiat currency system collapsing in on itself. Buy a little bit each month and work on the assumption that you will never sell it. If we are wrong and the system isn’t going to collapse you’ll still make speculative gains as they won’t stop printing the money.. its a win win. If we are right about Bitcoin you will have a financial life boat!
How Much Bitcoin Do You Need To Protect Your Wealth?
Our conservative Bitcoin price estimate is $500,000 by 2030. At the time of writing 1 Bitcoin is worth $48,000. If your estate is worth $500,000 today then you only need to buy 1 Bitcoin to protect it from economic collapse (Might as well get it now).
Even if the global economy doesn’t collapse Bitcoin will be worth more in the future than it is now. The only reason you haven’t bought Bitcoin yet is because you fear the volatility.
If it helps, think about Bitcoin as an insurance policy against the risk of the US Dollar, Euro and British Pound going into an inflationary spiral and the traditional financial sector imploding.
Gold can be useful but it’s hard to purchase and store in meaningful amounts.
Property can be useful but is illiquid and cannot be moved across borders.
Stocks and Shares are all part of the existing system and trying to guess which companies will survive a US default and system collapse is a mugs game.
Bitcoin is outside of the traditional system, can be stored for next to no cost and can be transferred across borders without restriction. It is the only option.
It’s Christmas tomorrow, maybe Santa should buy you some Bitcoin.
Merry Christmas
Until Next Time
The Wealth Gap