bitcoin is the granddaddy of all cryptocurrencies that made a bunch of
millionaires back in 2017 and then made the rest of the newbie investors
lose their shirt when it dropped like a hot potato
from almost 20 000 to almost three thousand dollars
after that of course newbie investors started calling it a scam
and the media lost its interest in it to the point that right now if you're not a
crypto junkie you might be even wondering
is bitcoin still a thing short answer yes bitcoin is still a thing and so are
hundreds of other cryptocurrencies and altcoins that we are
not going to talk about today yes i do own other cryptocurrencies
other than bitcoin yes bitcoin is one of my favorites
and in today's video i'm gonna explain why we're also gonna talk about whether
or not it can realistically make you a
millionaire even if you don't invest a whole lot of
money in it now i can totally hear someone saying
but kiana isn't bitcoin super risky i've heard
horror stories from my uber drivers whose mom
bought bitcoin and lost all her money yeah i heard that story too and it's
literally the reason why i wrote my third book
cryptocurrency investing for dummies while i was on freaking maternity leave
because i was getting roughly 2567 emails per day with questions about
bitcoin and other cryptocurrencies so i decided to put all the answers into
one book so that i can go back to pumping milk
for my daughter yeah you should totally read this book if you're
considering investing in crypto it's one of my best books yet! okay so
before we get started let's play a quick fun game to see whether or not you
should even bother watching the rest of this video because
your time is valuable hold your hand up and put a finger down if you are tired
of the governments manipulating your currency
like the u.s federal reserve who keeps printing money out of thin
air devaluing your us dollar put a finger down if you'd like to have
an asset that is not controlled by one centralized entity or government who
can basically freeze your bank account in case of a political disruption or
revolution like they did to my dad after the 1979
iranian revolution put a figure down if you understand that
money only has value because a large number of people
believe it has value and that sound money must be highly
durable scarce portable and verifiable you can also put a finger down if you
were today years old when you learned this
put a finger down if you'd like to be a part of the economy of the future
put a figure down if you're gonna smash that like button and leave a comment to
help with youtube algorithm okay i may have gotten carried away with
the last one but all of the other stuff only
scratched the surface of the reasons why bitcoin has gained so many hardcore fans
globally and why many investors believe its value
will continue to go higher in the years to come now you
might be saying but kiana bitcoin is so volatile when
should i even buy when should i sell also if bitcoin isn't
controlled by a centralized entity what should i do if i need to speak with
a manager good question karen let's get into the
details of why i'm personally invested in bitcoin
now even though i was one of the biggest skeptics back in 2011 what's my current
investment strategy and how to secure your bitcoin so you
are your own bitcoin manager karen we're going to give in the intro
and let's go
hey Invest Divas and Divos i'm Kiana Danial a four-time and a newly
best-selling author and the founder of the invest diva
movement the march to jump on to take control of your financial future and to
make your money work for you my mission is to help 1
million moms start investing on their own by the year 2025 so if you are a mom
and or if you know of other moms who could benefit from
taking control of their financial future who doesn't
please spread the word and help us make this huge impact
check out the link down in the description area and register your seat
for my next master class i'm also sharing the link to my must
read crypto book bitcoin is considered a store of value
asset kind of like gold 2.0 but why is that
and why do many bitcoin enthusiasts believe it's actually
way more valuable than gold let's first get to the definition of money in order
for something to be considered a currency it has to have a bunch of
characteristics the more the better for example enough
people must have it merchants must
accept it as a form of payment the society
must trust that it's valuable and that it will remain valuable in the future
it also must be transportable so you can actually carry it in your wallet
and when it comes to value the more scarce it is the more
valuable it becomes that's why the fed money printing devalues the us dollar
because there's going to be more supply and less demand but what
about gold first off i don't know many people
who would go to a grocery store and try to pay with a bar of gold
why because it lacks the transportability characteristic
gold mainly has value because we the people
believe it has value and we believe it's scarce
but how scarce gold really is will it remain scarce
is it more scarce than bitcoin gold actually is not that scarce and we
could even continue finding more gold mines
under the sea or in an asteroid that could hit the earth
and if it doesn't kill us all it could carry enough gold to make everyone a
billionaire or can it if there is that much gold and
everyone has so much of it again because of the old supply and demand
thing it won't be as valuable as it is today and you could probably
exchange it for dirt enter bitcoin there is only a
finite amount that's ever gonna be there will never be more than 21 million
bitcoins ever no surprises no 3d printing of more
bitcoins no gimmicks that's it actually because many early
bitcoin miners forgot where they put their bitcoin
wallet approximately four million bitcoins have been lost forever
so that brings us down to only 18 million bitcoins ever
the majority of the bitcoins are already mined so there are only about 2.4
more million bitcoins left to be mined uh kiana what's bitcoin mining
oh bitcoin mining is kind of like gold mining except you don't get to wear the
whole sexy outfit it's the process of creating
new bitcoins by solving a boring computational puzzle
but it's also what makes bitcoin decentralized and
transparent i obviously can't get into the whole details in this youtube video
so if you don't know how these things work seriously read my book i even have
it as an audio book on my website back to answering whether or not bitcoin
can make you a millionaire now that we've kind of
established that bitcoin is probably a better store of value than
gold because it's more scarce and it's not subject to money printing like fiat
currencies let's talk about the risks to scare the
bejesus out of you i'm doing this as a community service so
your uber driver's mom's story isn't repeated again the
biggest risk of investing in bitcoin is in fact
the hype while bitcoin's value has generally grown
year over year in the past decade the hype around it has made it
super volatile but despite all the ups and downs
bitcoin's value has gone up by 67 000 since 2012 until today was priced
around 11 000 that's a whole lot of appreciation
even since 2019 bitcoin's value has gone up 247
even though you haven't really been hearing about it in the news
in fact if you look at the chart for the past decade you've noticed that
bitcoin's price appreciates around 74 to 100
every six months and then it sees a little bit of a pullback
the 2017 massive jump has so far been an exception
and it was attributed to the hype around bitcoin
but generally the pullbacks have corrected
to create new highs since 2017 the pattern
has expanded a little bit with the gains and the crashes being
less frequent but it's certainly repeating itself
and if the bitcoin price continues to go by this pattern
in at least three years we could potentially see bitcoin's price reaching
the 20 000 level and then grow from there the math suggests that
bitcoin will keep rising to almost 400 dollars by
2030. when the last bitcoin will be mined in the year 2140
its value will probably go to the roof but there is a high chance that i won't
be around at the time to tell you that i told you so but my
grandchildren could tell your grandchildren um kiana
you were talking about risks oh shoot you're right i got carried away
uh other than the crypto hype risk which will get panic traders to enter
when the price is super high and sell when there is a
temporary pullback please don't do that there is a security
risk tax risk and regulatory risk
here is how to combat these risks for security get yourself a
hard wallet before you buy your first bitcoin and
make sure you and another trusted person know where you
hide it so your bitcoin isn't lost forever
i like ledger nano and trezor for my bitcoin wallet and i've added the links
to them in the description area of this video for tax risk remember that a
taxable event is when you exchange your bitcoin for
another cryptocurrency or another fiat currency like
us dollar so as long as you don't sell it you don't have to pay a capital gain
tax the tax risk is actually common among
all assets so just talk to your accountant about it as per regulation
risk while many other cryptocurrencies could
take a hit bitcoin is so decentralized and so
international that a centralized government can't go and ban
bitcoin they just can't it's its own gigantic
decentralized entity that makes it so valuable and so
unique actually this is the personal reason why
i like bitcoin so much so a lot of you guys know that i was born and raised in
iran to jewish family there was this big revolution in iran in
1979 when they overthrew the shah and put
this new islamic regime into power before the
revolution my dad had this big construction company and was
kind of wealthy but then once the regime changed the new
government accused him of having worked directly with the shah
took over all of his assets and froze his bank accounts
they even would come to our house and look for gold
carpets and jewelry that obviously caused me to grow up
with not much but now i know that if my dad had even a fraction of his wealth
and bitcoin i wouldn't have grown up with money
problems a government can't just go and freeze
your bitcoin as long as you have your wallet address
in a secure place because of bitcoin's transparent ledger
that is very very very very hard to hack you should be okay
of course back in 1979 bitcoin didn't exist
but let's say you buy bitcoin today as a safety net
for potential future political turmoil how much do you need to buy in order to
become a millionaire in a realistic time frame of course you
should not consider this as a financial advice
and you should always always calculate your risk tolerance
and consider all other risks involved before investing in anything let alone
bitcoin and if you don't know what your risk
tolerance is make sure that you attend my free master
class to grab your free risk management toolkit when you watch
the whole training now let's take a look at the
possible scenarios to make you a millionaire first off remember that you
don't have to buy a whole bitcoin and pay almost twelve thousand dollars
for it you can buy fractions of bitcoin you can buy one
hundred dollars worth of bitcoin for example so let's say that you put a
thousand bucks in bitcoin at a pullback when bitcoin hits ten
thousand dollars again and you hold it until it hits twenty
thousand dollars that's a one hundred percent return when
i first uploaded this video i kind of got lazy
and went to this roi calculator to calculate the result and i mistakenly
put the length at three years the problem is this calculator then calculus
100 returned per year and the result was
something astronomical they got me by the surprise but i was so
excited to see that i didn't actually second-guess it
and i published the video just to take it down like literally immediately after
the first comment pointed out the mistake so first off thank you whoever
who pointed this mistake out you guys rock second you guys probably know that
i'm an electrical engineer who does not practice her major and have made a
ton of money in the online financial markets without doing any math so
there goes proof again that you don't need to be a math webs
in order to be able to invest and actually profit in the markets
now let's get to the real amount the real amount you'd make
if you invest one thousand dollars in bitcoin when it's price hits
ten thousand dollars and then sell it when it reaches twenty thousand
is one thousand dollars which means you double your initial amount
and you'll now have two thousand dollars if you sell your bitcoin this is a bit
disappointing given back in 2011 when you could buy
bitcoin for 10 bucks investing a thousand dollars in it
which would have meant 100 bitcoins would have already made you
a millionaire today if you buy 10 000 worth of bitcoin when its price is
at 10 000 meaning buying one bitcoin today-ish
for you to become a millionaire on the single investment the market value of
bitcoin would need to increase by 990 000 which means the price of bitcoin
needs to reach 1 million dollars and the thing is if
bitcoin does reach 1 million dollars in value then
probably the central bank backed fiat currencies as we know it may
no longer even exist so even gauging bitcoin's value in us
dollar may not even be relevant at that time now when i first
uploaded this video i really wanted to see what will happen if
we continue buying 500 worth of bitcoin per month using the
dollar cost averaging method and of course putting it in a calculator
gave a very unrealistic number because first off
we're assuming we're compounding which we're not
and plus bitcoin is very volatile so that 500
per month is not being invested in a linear line
so it's almost impossible to have a concrete answer unless we are making a
whole bunch of unrealistic assumptions which wouldn't
do anyone any favor so we're gonna stick to the boring
simple math that's probably not that exciting but what if bitcoin reaches
one hundred thousand dollars in value as for the predictions of the likes of
morgan greek ceo mark uscope financial analyst peter
brent crypto trader this is and block fires simon dedic many of them
actually believe bitcoin will reach that value by the end of 2021.
of course this is incredibly hypothetical because the timeline and
the price could change drastically but we're
basing this on past performance and for the sake of
argument in order for your bitcoin investment to be worth
one million dollars when bitcoin reaches 100 000
we need to have 10 bitcoins purchased at 10 k in other words if you invest
100 000 bucks in bitcoin once it hits 10 000 which it may or may not you'll
become a bitcoin millionaire if or when bitcoin hits a hundred
thousand dollars that's basically a down payment on a studio apartment in new
york city but you won't be paying any extra
mortgages or taxes on top of it hmm now the question is will you be
willing to take that risk are you even able to take that risk financially
you guys i know this is now sounding super tempting but can you please pinky
promise me that you're not gonna dump two thousand dollars in
bitcoin right now if you don't have a concrete investment
strategy around it that is suitable to your risk tolerance
and your portfolio if you don't have it please pinky
promise me that you're gonna attend my free master class at a
bare minimum and read my book before jumping in in no
way shape or form do i want this video to turn into a bitcoin hype
i really simply wanted to show you the possibilities to open up the
conversation and get you interested enough
to do some research about it and yes if it suits your portfolio
invest in it also reminding you that there are other altcoins you could
consider that some people argue will be even more
valuable than bitcoin and that's the reason why my crypto
portfolio consists of 25 altcoins that give me a good amount of
diversification in the crypto asset class
i share my latest investment strategies in our premium investment group the pick
so if you're not a total beginner then you can go
to learn that investigative.com hello to see if you qualify
to join the pig if not i'll just see you in the chat box of my free master class
to answer your questions in the meantime i would totally appreciate it if you
could smash that like button comment and share this video with at
least five people who could benefit from making one
million dollars thank you so much for tuning in you are
awesome you're gonna rock your life regardless of what you invest your money
in because you stayed until the very end of this video and i
love you