Why I save 100% of my money in bitcoin at 29

0:00 I'm 29 years old. I have no emergency fund and my savings account has 54 cents in it. Why? Because I put every dollar that I earn into Bitcoin. [Music] And somehow I've never felt more financially secure. Now, this is not investment advice. Actually, it is. It is investment advice, but it's also peace of mind advice because once you see through the illusion of diversification, you'll realize that going allin on what you actually believe in makes the most sense. Let me explain. Bitcoin has been around for 16 years now, but 97% of the planet doesn't own any of it. Not even $5 worth. Why? It's

0:46 pretty simple, actually. They don't know what it does. Look up what is Bitcoin on Google and the first thing you'll see is a web page that says blockchain protocol, cryptography mailing list, and block rewards. People do not have time for that on a lunch break. So, I'm going to make it really simple. Deep down, we all know it. Cash is a melting ice cube. We might be able to hold it for days, weeks, or months, but you'd be insane to want to hold it over a lifetime. And that's why everyone tells you to invest. Not to get gloriously rich, but just to avoid having to GoFundMe your own retirement. Heck, even the government knows this. That's why they steal a chunk of your paycheck and gamble it on investments on your behalf. They call it a pension. Pretty cute. So, we're told we got to buy stocks, we got

1:32 to buy bonds, we got to buy gold, we got to buy real estate, but not to go all in on any one of them. We have to diversify. so diversified. >> Diversity in your investments. >> Diversification is what saves you from disaster. >> But there's a problem with that. Most people don't diversify because they've got a killer investment thesis. They diversify because they're scared and a little bit lazy. A recent poll from Harris showed that 43% of investors don't even know what they own in their Roth IRA, 401k, or TFSA accounts. A whopping 17% couldn't even name a single investment that they own. Sure, you've moved on from just stuffing cash under your mattress, but then you've turned around and said, >> "Just buy a little bit of everything in case something goes to hell."

2:18 >> What? If you're trying to build wealth, shouldn't you want to back your strongest horse, not spread your bets around like you're trying to pick numbers at a roulette table? You don't get eight degrees hoping just one of them lands you a job. You don't buy six phones in case one of them explodes. You don't get four wives hoping just one of them works out. You make a bet on what you believe in. You go deep on the one thing that actually makes sense. 80% of the top 100 richest people in the world have over 85% of their net worth in one single asset. One bet that they can understand better than anything else in the world. Mark Zuckerberg, 96% of his net worth is in Meta Stock. Larry Ellison 90% in on Oracle. Jeff Bezos, 85% on Amazon, 1%

3:06 weddings, and setting Katy Perry to outer space. It's concentration versus diversification. So, if owning a little bit of everything isn't the answer, and you're not founding the next Amazon, why bet on Bitcoin? Let's go back to the melting ice cube. Your dollars aren't just accidentally losing value. They're designed to. Your dollars melt on purpose, kind of like how your iPhone battery does after 2 years. It's planned obsolescence. They print more, spend more, inflate away the money, load up on stocks, and you're left holding the bag. Bitcoin is the opposite. It never melts because it's been engineered from inception to be finite to hold or even grow its value over time. It's going up forever. >> Forever.

3:52 >> Oh, yeah. And governments can't create more of it or stop you from using it. And here's the thing. We've never had that before with money. Gold tried. It was scarceish, but dig hard enough and you'll always find more. Plus, good luck emailing someone an ounce of gold. Bitcoin fixed both those problems. It's digital. It's borderless. You can literally scan this QR code with a Bitcoin wallet and get some for free. First dibs. Oh, and that scarcity is mathematically enforced. The supply is capped at 21 million bitcoins. Bitcoin BTC. I I don't know. But that's it. No more ever. And that's the whole damn point.

4:38 So why did I take the bet on Bitcoin? Let me tell you a story. When I was growing up, I was totally broke. My parents had bought a house at the top of the 2008 financial crisis and got stuck with a mortgage that basically left them with less than $1,000 a month to survive on. So, my first shot at investing was around age 21 when I had about $3,000 in leftover student loans after graduating. I was lucky enough to find Bitcoin in 2016 and basically put all that money into it. And after it did well, I made the brutal mistake of selling almost all of it to put it into things that I thought were safer. Things like index funds, gold, a 2011 used Prius, which I paid 1.1 BTC for. Okay. But they're

5:25 actually banning these cars in Canada in 2035, so I might have gotten a good deal on it. So, I went back to the basics, a lot of freaking Bitcoin podcast. And I realized that I wasn't late to Bitcoin. I was actually too early. When I finally understood what Bitcoin actually was, I started buying it again. $10, $15, whatever I could afford on a minimum wage. And eventually it grew so much I was able to quit my job and actually do something I cared about in life, making films and teaching other people about Bitcoin. I've traveled now to nine countries, made 17 documentaries, interviewed over 50 CEOs and builders in the space. And my one takeaway, they can issue more shares, sell more bonds, print more money, but there will only

6:12 ever be 21 million Bitcoin. And that's why at age 29, I save 100% of what I don't spend in Bitcoin. Not because I think I'm going to be Bezos rich tomorrow or even in 10 years, but because I finally found something that I can believe in, something that I can understand and something that I can own. So, take the time to study Bitcoin. Ask questions. There are no stupid ones. And if you are ready to stop playing defense with your future, go get some real money.