Limited-time 15% off the Masterclass with code "ACTION" ↘️

BR #7: The Time Is Now

May 22, 2023

(1 minute read)

The best time to accumulate bitcoin is now, today, this month, this year.

You can go on a $5k holiday today, enjoy the moment and then grind for the next $5k.

Or you can place $5k in the supercharged savings account called bitcoin.

18-24 months from now this amount will allow you to get at least:

  • 4x holiday time
  • 4x airline tickets
  • 4x cars
  • 4x black Angus stakes
  • 4x whatever you are can buy today

Overcome fears of short term volatility and price drops.

Zoom out and accumulate every week or month.

$100/week
$1,000/week
$5,000/week

I would say that by May 2024 anyone should aim to have 10% of your net worth in BTC.

Why by May 2024?

Because Bitcoin's halving (new bitcoins getting mined) will happen in April 2024.

Historically the price starts growing shortly after the halving.

So to maximize growth of your purchasing power, buying until about the halving is recommended.

Why 10% of net worth?

  1. Bitcoin either goes to zero or to millions
  2. Money is a winner take all market and bitcoin is the best money. Period.
  3. If you lose 10% of your net work it won't be catastrophic
  4. The chances of this catasthropic case get lower every day
  5. If this 10% increases in value 4x or more in the coming 24 months, it will be meaningful to you!

And the chance of the 4x price jump are very high.

Why?

Because Bitcoin’s price is a pure reflection of supply and demand.

  • Supply: Today ~900 bitcoins are mined every day.
  • Demand: For the price to stay at the current levels, about $27M need to buy these new bitcoins.
  • After the halving ~450 bitcoins will be mined daily.
  • In other words, the supply of new bitcoins will drop 2x.

If that same demand of $27M keeps coming in the market, the price will go up.

It is really that simple.

It happened in 2013, 2017, 2021.

It will happen again in 2024-5.

So to recap, consider postponing/reducing your spending and/or reallocating your net worth.

18-24 months you will thank me.

And 18-24 months is really not that long, is it?

Till next Saturday!

P.S. Here are some bitcoin onramps where you can accumulate.

If you register with the link below you will support my work as I will get a small referral fee.

  1. Relai (use invite code "BitcoinReady")
  2. Swan (best for US residents; get a dedicated contact for $100k+ annual volume)
  3. BitcoinReserve (best for EU & UK residents; get a dedicated contact for $10k+ annual volume)
  4. Amber (best for Australia) 

Money is changing forever.

Join 2100 subscribers getting 1 lesson about money every Saturday.