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  • you know, max Keiser said I've watched three different 90% price corrections in Bitcoin and max who's always bright and shiny about Bitcoin said that will kill the spirit, you know, and um a lot of people have revisionist history about amazon and like you said Bezos is the richest men in the world right now.

  • And you're looking at the network which didn't make sense at the time.

  • And who knows, maybe Buffett and munger will just go out believing in uh coca cola and Haines, underwear and I get it.

  • It's it's their sphere and and who knows, maybe that's what then, you know, coca cola is a network, you see.

  • So that's the weird thing about it.

  • So I use that as an example as well.

  • You want to talk about a network coca cola, let's say we destroyed all the bottling uh facilities, wiped out the trucks, took out the corporate offices.

  • If I went to Wall Street with the words coca cola and I said I want to rebuild this could I get the money?

  • And the answer is yes, because it's a well established, well known network.

  • If I said I'm coming to market with Blankety blank cola, they'd laugh me out of the room, but coca cola means something, it's the second most recognized phrase in english second to okay, the phrase okay And so therefore Bitcoin 12 years old with this expanding growing network.

  • The network itself is valuable the same way the U.

  • R.

  • L.

  • Google dot com amazon dot com.

  • It's valuable.

  • You want to shut down amazon, you have the word amazon now that is valuable.

  • All right, Anthony, you manage people's money, what percentage of their portfolio should they have in Bitcoin?

  • Well I'm a responsibly long Bitcoin.

  • I have about 20% of my assets in Bitcoin, but somebody will be very smart to point out that I had 5% of my assets in Bitcoin last October but as a result of appreciation, okay, it's grown to 20, of my assets.

  • Um, I tell clients 1 to 3% of assets, but by the way, clients that listen to me at the beginning of the year, if they had 1% of their assets, they now have 3.5%.

  • If they had 5% they've now got, you know, 10 or 11% of their assets in Bitcoin because of the growth A Bitcoin.

  • And what I would tell them if they like Munger and Buffett, Warren Buffett had a great line in the 1990s.

  • They asked him about diversifying because they said your portfolio is very concentrated.

  • He said, well I'm not selling Michael Jordan, I wouldn't trade Michael Jordan for four scrubs, you know, and then call it diversification and so for me I tell people, I got a lot of Bitcoin, but that's as a result of being successful in Bitcoin so I have no interest in selling it.

you know, max Keiser said I've watched three different 90% price corrections in Bitcoin and max who's always bright and shiny about Bitcoin said that will kill the spirit, you know, and um a lot of people have revisionist history about amazon and like you said Bezos is the richest men in the world right now.

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B1 cola coca cola coca network buffett amazon

LR625 Anthony Scaramucci Clip05 What percentage of your assets should be in Bitcoin

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    林宜悉 posted on 2021/09/16
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