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  • Jeff, I just want to get some of your final thoughts, you know, when Michael was here, Michael Saylor, you know, he said famously mortgage your house and buy Bitcoin, you know, and uh and I pressed him on that and I said, is that really the smartest thing for everyone to do?

  • And he said, yeah brian, if you look at it actually is and yet a lot of people aren't willing to do that and I'm wondering how do you have this conversation with people that are very new to this space?

  • And how do you talk to people about this on the street when you bump into them?

  • How do you communicate what this is two people do?

  • You get them to try to to to understand the system to try to buy a little bit of Bitcoin and go down the rabbit hole and learn or what's the best way for people to, to, to to explore this or understand this.

  • So I find one of the best ways.

  • Get a hard wallet by yourself, Story yourself, understand why.

  • So when you understand that takes you through a certain path to understand why put $100 and $500 and contribute every week, but 100,000 and a million and whatever, but by a hard wall and find out why do you do the, once you've done that work, you cannot, it's almost impossible to not keep going down the rabbit hole and and understand and understanding why why.

  • So what typically happens is once people do that that work, which doesn't take a lot of work.

  • Yeah, Or a lot of risk.

  • They'll look for themselves and they'll start to understand why they need to do more.

  • But just as a summation of what we're talking about, people see Bitcoin is risk.

  • It's, I think it's the least risky asset on the planet today.

  • It's the, it's the biggest asymmetric bed of our lifetime and that's on the web on the wealth side.

  • But for your family, for every everything else, it's all included in that as well.

  • They, they're the existing system if and everything we've talked about here is true from the existing system.

  • There is nothing that we've, we've, we've uh, nothing we've exaggerated on and everything else.

  • It's all true from the existing system that must get worse.

  • So, uh, so the existing, the risk is in the existing system.

  • What people do is they hold a whole bunch of houses and assets inside that existing system and when revolution comes, they don't see it and there is no escape valve.

  • There is no safety boat.

  • There is no, there is no lifeboat from that's it because I have all their wealth denominated in a currency that is inside the system and they don't see it coming that is, you want the greatest risk of our time, that's the greatest risk of our time, the coins.

  • That is the safest bet.

  • Yeah, it's a great observation, even the people that think that they have mastered money that they understand the system that are the 1% of the 100 100 of the 1%.

  • They don't see that baked into the system is ultimately bad news for them too.

  • So a long enough timeline go look back at the Russian revolution, the best deal Day, like all these things celebrate Germany.

  • Look look through history at all.

  • We look at the look at what happened in Rome when, when currency crisis and, and, and, and changing land ownership.

  • The uh, go back through history and you always see the same thing.

Jeff, I just want to get some of your final thoughts, you know, when Michael was here, Michael Saylor, you know, he said famously mortgage your house and buy Bitcoin, you know, and uh and I pressed him on that and I said, is that really the smartest thing for everyone to do?

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A2 system existing understand risk people asymmetric

BITCOIN IS THE LEAST RISKY ASSET -Jeff Booth on BTC Being The Biggest Asymmetric Bet Of Our Lifetime

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    林宜悉 posted on 2021/10/25
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