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Welcome to Season 2 Episode 8 of Not Me, But You! Podcast.

If you enjoy my content, and want to support this podcast, click the referral link for I Trust Capital dot com. Currently, this is the only place I know of on planet Earth where you can buy/sell Bitcoin (and other crypto) plus gold/silver INSIDE of an IRA. I have a ROTH IRA at I Trust Capital dot com. https://itrustcapital.com/?referral_id=AAWC4U&utm_source=RAF

In this episode I explain why Bitcoin is unlike any other cryptocurrency and why I choose to park my "pile of money" in Bitcoin. It IS indeed the best performing asset on the planet. It IS also volatile and the price moves up/down in 4 year cycles. That should cause to you pause briefly, and do your own research. That price movement in 4 year cycles should NOT prevent you from investing in it. 

How do we overcome the inevitable effects of inflation (fiat money printing)? Answer: BUY ASSETS. But WHICH assets we buy/hold ARE very important. 

Go to Investopedia.com and search "Bitcoin price history." Look at that very easy to interpret graph. And look at the overall trend. Every 4 years, Bitcoin reaches a NEW all time high price! So by parking "my pile of money" in Bitcoin, my purchasing power doesn't go down over time, it actually goes UP!!

Once you fully understand this feature of Bitcoin, you will begin to understand why it is better than growth stocks and better than gold/silver and better than leaving your money in bank account. A pile of money sitting in bank account earning an extremely low rate of interest each YEAR is like a slowly melting ice cube. The "melting" is your purchasing power of that pile of money declining over time. 

Consistently investing in Bitcoin, and being patient will help to change to your life!  But you can't give up and panic sell when someone tells you, "It's all going to zero!" You have to simply stay the course and keep buying slices of Bitcoin. Whatever dollar amount you can afford. Being consistent will help you to win this race. You have to hold Bitcoin for a minimum of 4 years. If you want to be a serious investor, you should have a 10 year plan. You should have a strategy for the next 5 years and 10 years from today. 

Bitcoin is NOT cash flow. We all need cash flow each month to pay our bills. But we need growth also. We need a high enough rate of return on our assets that we buy/hold so that we can beat the rate of inflation. That is the only way you will end up with enough money to live your life today but also live your life until you pass on. 

I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.