If You Think Crypto Is a Bubble (Or a Scam), Then You Are Simply a Moron at This Point
Sorry not sorry. Let me show you the biggest opportunity in human history – and of our lifetime.
I’m sorry not sorry for the harsh headline of this story. It’s required to get your attention and destroy the misinformation that is being peddled online.
Seriously, we need to get real. Saying crypto is dead or a bubble is way too common. At this point in the crypto journey it’s the equivalent of saying the internet is a scam and will be shut down. (Oh, and when I say crypto I’m mostly talking about the two largest coins: Bitcoin and Ethereum.)
Crypto will rip your face off. That’s the truth.
Look at the price swings. Some days it’s down 50% in a single day. Most people can’t handle it. They don’t understand what is happening.
Even if you love crypto and believe in it, I want to explain why it’s not a bubble in simple terms so you can take advantage of the opportunity.
Trillion-dollar asset class
Bitcoin’s market cap is a bee’s dick away from $1 trillion.
This graph below is how you shut up every loudmouth, dumbass, crypto critic in history. Bitcoin is about to overtake Facebook in size. Don’t even get me started on Ethereum.
If Bitcoin becomes as large as gold then you have a 10X in price from here. That’s why you can’t afford to simply put your head in the sand and scream “scam-m-m-m!” as the whole world watches. The word scam and Bitcoin are so far apart.
Bitcoin used to be used for illegal purposes. That was years ago when it hadn’t found the right audience. To use crypto for illegal activity now is simply stupid.
All of the transactions are available on a public ledger anybody with a computer can log onto. More crime happens in US dollars than it ever has in Bitcoin.
The size of Bitcoin and crypto isn’t a joke anymore. The only jokers are the doomsdayers who say it’s a scam while sending messages from a fax machine.
The price of crypto is wild until you understand this
Bean counters on Wall Street try to apply traditional investment principles to crypto. They fall flat on their face and mess up their pinstripe penguin suits. Stocks use price-to-earnings ratios and valuations to determine the price.
Crypto uses the same metrics big tech (Facebook, Google, Apple, Netflix, Amazon) has used: network effects. You can’t apply stock market thinking to crypto.
It’s a whole new asset class that operates 24/7 and doesn’t require a bunch of overpriced “middlemen” to be the gatekeepers of your financial dreams.
There is no crypto CEO or Bitcoin office. Crypto doesn’t care about your feelings. You either understand crypto and use it for its intended purpose, or you don’t get it and miss the greatest technological shift in history.
Bottom line: learn about crypto if you haven’t already. It’s better than understanding the internet back in 1992.
Crypto network adoption is faster than the internet
Let me say that again: the adoption of crypto is faster than the internet in the 90s.
Why?
People need borderless technology.
We need censorship-resistant platforms to replace apps like Youtube that filter out words like “coroni-rona-mona’ under the guise of helping the community. I can’t even write this email with certain keywords because of big tech censorship. If you put the f-word in an email subject line you will be blocked by traditional tech companies.
Decentralization is the answer.
The internet needs its users to make decisions about what can and can’t be said with voting rights – not a bunch of jocks in Silicon Valley, crowded around a Macbook, who accidentally control the narrative of human consciousness.
If you’ve been banned from a social media app for no reason or had content removed, then you understand the pain I talk of. If you haven’t, you will experience it 100%.
The biggest companies in the world use it
Crypto went mainstream when the biggest companies in the world stopped banning it about 1-2 years ago. Now they build on blockchain and actively use (predominantly) Bitcoin and Ethereum.
Let’s list all the companies now on board for the dummies in the back of the classroom who still say crypto will die and it’s a scam. We’ll link it all up too just so their fact-checkers can get carpet-bombed by the evidence.
The biggest investors in the world are on board: Ray Dalio, Stan Druckenmiller, Paul Tudor Jones
JP Morgan is on board
PayPal is on board
Visa is on board
Mastercard is on board
Wells Fargo is on board
Bank of America is on board
Goldman Sachs is on board
BlackRock is on board
Facebook is on board
Substack is on board
Robinhood is on board
Let’s stop there. You get the point. Every day a new company makes an announcement about crypto. The entire financial plumbing is now connected to crypto.
You’re probably using crypto already and don’t even know.
For example, if you message friends and family on the Signal app then you’re in crypto. Or if you use TikTok then you’re about to be in crypto as they’ve partnered with Audacious.
At this point crypto is already in your home and making life better. Say thank you.
Regulated by the biggest economy in the world
America has passed an infrastructure bill that includes a section about crypto. These changes enable crypto to be better regulated, and for the government to be able to tax it like any other asset such as stocks.
The biggest economy in the world wouldn’t regulate a scam. No. Crypto would be banned by America if it were a scam.
How to win with crypto
Crypto is the greatest opportunity in history. The internet started the technological change and crypto will build the foundation required to fill the gaps that still remain.
Here are some ideas for you to consider so you can apply optimism to crypto and benefit from this amazing time in human history to be alive:
Stay open-minded.
Get a job where you’re exposed to Web 3.0 that’s powered by blockchain.
Consider a 1% investment in crypto. That’s how you learn what it does and get familiar with the radically different software that the industry uses.
Create a digital wallet with a company like Coinbase. Trial an internet browser plugin like Metamask to see how you can swap from one crypto to the other.
Explore decentralized social media apps like Bitclout.
Jump on Twitter and reply to tweets that have #Bitcoin
Check out Real Vision Crypto and go deep to understand how NFTs, social tokens, and the Metaverse build on top of what Bitcoin started.
Brutal conclusion
I have made enough money to never work a normal job again thanks to crypto. If I’d listened to the critics, I’d literally be chained to a cubicle and sucking up some dictator boss’s ass.
Critics have an agenda. They want to tell you crypto is a scam because they don’t understand it and don’t have an optimist cell in their body. F*ck em. You do you.
So, go on … tell me crypto is a scam ya punk (joking).
But seriously, spend some time in crypto. You’ll learn a lot and might even change the world through a solution you create that helps humanity.
(This article is for informational purposes only, it should not be considered financial, tax or legal advice. Consult a financial professional before making any major financial decisions.)
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Thank you so much as usual for the most timely post. I am of youth and social work background, a serial social entrepreneur, on quality education and economic growth and development for older teenager and young adult and women . God bless you.