BUILD WEALTH: How To Understand Crypto & Invest In This CRISIS | Anthony Pompliano
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Published 2021-09-14
Bitcoin, cryptocurrency, blockchain, and NFTs, when does it all stop and go away? Good news, chances are it never will. Bad news, chances are it’s not going away and if you’ve been avoiding this conversation, it needs to end today. Cryptocurrency is the fastest growing technology we’ve ever witnessed in human history. 10 years ago people doubted it, laughed at it, and blew it off. Today, countries like Nigeria, Vietnam and the Philippines are starting to adopt crypto. What is often rejected and feared is typically not understood. While billionaires and master investors once turned their backs to Bitcoin and the crypto world, they are slowly coming around and see the potential of what this currency and technology really is. Anthony Pompliano joins Tom to put you on notice and help you better understand exactly why low income and middle class people literally cannot afford to continue dismissing the potential for building wealth with cryptocurrency. Blockchain is happening and there is a major shift in wealth and purchasing power taking place. You owe it to yourself and to your future generations to at least do some more research, investigate and find out how you can better leverage the potential that a new digital world represents for you. The cost of entry is low, it’s decentralized, and for the first time you are not restricted by your income to take advantage.
SHOW NOTES:
0:00 | Introduction Anthony Pompliano
0:50 | Disadvantage of Non-Investors
7:27 | Understanding Personal Finance
13:18 | Cryptocurrency and Fiat Money
20:44 | Bitcoin’s Volatility Advantages
25:36 | Breadcrumbs for Going Digital
30:50 | Increasing Purchasing Power
35:22 | Censored Payment Systems
46:15 | Benefit of Open Payment System
56:23 | Decentralized Tech Structure
1:03:00 | Predicting vs. Observing Market
1:09:45 | Digital Versions of Analog (NFTs)
1:20:05 | Blockchain Is Happening
1:31:13 | The Monetary Revolution
1:38:55 | Bitcoin Global Reserve Currency
1:47:04 | Why Pomp Choices Bitcoin
QUOTES:
“Poor people spend the middle class, save, and then the wealthy invest.” Tom Bilyeu [0:24]
“There’s really one key rule that everyone has to understand, which is, the dollars will be worth less than purchasing power terms over a long period of time.” [3:43]
“It's easy to mock and make fun of these young people. But these young people are interested in understanding how does the market works.” [8:03]
“It is impossible, literally impossible in America to get a financial security position by saving” [10:21]
“I can either suffer at the hands of this system, or I can flip around to the other side table, and I can benefit from the system. Every single rich person understands how to benefit from the system, hold assets, not a currency” [18:46]
“All money, at the end of the day, is a unit of time.” [31:28]
“Bitcoin, specifically, it has a financial component that is unavailable and other assets, it is systematically built to continue to protect your purchasing power” [33:02]
“The more that you can be a market observer, rather than a market predictor, you start to just understand, crazy stuff happens.” [1:07:03]
“The digital version of something is always bigger than the analog version” [1:10:19]
“Everything you think is cool is going to go to zero, and everything that you think is dumb is going to moon.” Tom Bilyeu [1:19:36]
Follow Anthony Pompliano:
Website: www.anthonypompliano.com/
YouTube: / @anthonypompliano
Twitter: twitter.com/APompliano
All Comments (21)
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Have you invested in Cryptocurrencey yet?
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Creating wealth Through the right information.
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Buffett & Munger are beyond amazing. wealth is attainable.
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These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
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Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
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External causes are frequently the cause of recession, and it seems that the US dollar's status as the federal reserve currency is waning. It appears that a new multilateral world order is on the horizon as a result of a declining capacity to control inflation and a decline in stock and oil trading.
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Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
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During a recession, many stocks and assets may be undervalued. I believe now is an ideal time to capitalize on the market for long-term gains, but it wouldn't hurt to know how to make short-term profit. I've heard of investors making over $40k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.
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Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too,
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The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.I got into the market with 10k and I’m up with 68k in a short period of time . I was able to build a business from my returns 💜
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There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?First 20 mins explains how money works and why crypto is steady. This is matured content.In the "Recession Joe Biden" economy local businesses are feeling the pressure from higher food prices – seeing them double, sometimes triple what they used to be. Just another let's go Brandon momentWhen you stop learning, you get left behind. Never stop educating yourselfGreat episode with Pomp Tom! Enjoyed the bit about Ecomi / Veve as well ⭕👍I would ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- love to see an estimate of how much is the hour spent into setting up a yt channel valued. That is, if you were to stop creating content how much money would you get per month and what would the resale value of your channel be, considering that return THESPACEHACKERSCOM was my REDEMPTIONI'll forever be indebted to you 😇you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs Renee TarkowskiTimes have changed and now stock market is all about pump and dump leaving retailers as bag holders. Bag holders turned to long term investors will still bag hold and stock might go to zero. There is too much news, too many analysts, too many factors, too many firms, insiders influencing the stock price. Retailer money is being sucked. I made $172k combined net last year and paid no Federal taxes.
