in our final five six minutes we have a couple big picture uh crap questions this next one
doesn't necessarily have to do with cryptocurrency although it could more critical thinking more fun
let's say you were starting over today with just a thousand dollars to your name how would you go
about accruing wealth to the level you currently are like some practical steps oh i'm poor all my
friends are rich i got friends there they're way richer than me damn they're they're killing it all
what would i do i think the the two components let's start there maybe would be one i would
look to see how i could drive cash flow um and then two is i would look for uh investments that
fit the risk profile and it would really depend on if i was younger if i was a little bit older
and like kind of what my responsibility you know am i married do i have kids do i have
other you know student loans whatever but if it was kind of look you have no downside risk
that you need to worry about and no kind of responsibilities you're like a 22 year old kid
uh i would just go for it man i would try to drive as much cash flow as i possibly could
and i would take every kind of asymmetric bet that i could find um and so those asymmetric
bets like i i just i don't know of an industry nearly as asymmetric as kind of the bitcoin and
crypto world bunch of different ways to play it but it just feels like you know yes i'm biased i
just don't see anything else that's even close to uh how asymmetric it is so i think you just
have to go in and then the other thing too is if you're optimizing for pure economic return
like there's all kinds of crazy stuff you could do um yeah we see all kinds of these projects that uh
what what's the axiafinity like the delphi digital guys were telling me about this uh a while ago
and it was at like five or six dollars and i see you know it's literally at you know 60 bucks
right and like one they're like the best investors in all of d5 by far uh but two is um
that's just not normal in the traditional market like the stock market would shut off
trading of an asset that was doing stuff like that right they'd be like all right timeout
like something's going on here and so there's a moment in time where there's incredible wealth
being generated across the entire industry and so i generally think that if you want to accrue
wealth and other people are getting rich you should go and participate where they are
and it may be a bubble it may be unsustainable but there is an element of not being able to predict
the end of the bubble or predict the end of that kind of uh insanity and so yeah i think it's like
bill gurley it's just like the best time to stop investing in a bubble is two years after it popped
because like literally like it just goes on way longer than you thought it's way bigger
than you thought it could be and uh um and from a pure financial return standpoint like actually
pretty good you know people in 2016 thought the stock market was a bubble was gonna correct
like imagine if you stopped investing in 2016 like you missed you know so much of the gains
in the stock market right and just as a follow-up and maybe already cover this but let's say you put
80 in bitcoin or that asymmetrical upside you know that 20 i'm just looking forward
to like practical examples of some other things gaming you said is one yeah so uh
infrastructure is like the short answer um you know a lot of the things that i've invested in
uh whether they are true companies or they're more like in the decentralized side um you
know so take something like uh a risk harbor a sovereign um take even something like a block fi
etc each one of these actually ends up being uh kind of an industry infrastructure bet because
they're able to okay we support these assets we're gonna add more in the future if one ends
up not working then like we're fine because we support you know kind of multiple assets
and so i think a lot about just if you ask me what's the highest conviction thing that
i have that i know is this industry will be way bigger in the future than it is today
all the details matter but they matter less than that one that one uh important point
and so like how do you invest where you win if you are right um the industry will be bigger
we'll go find infrastructure and invest you know there uh and it may not be the
highest returning in terms of there's always going to be you know that altcoin that goes up whatever
amount but to me it's the venn diagram of it's the most repeatable sustainable kind of durable
strategy with good enough returns right you know bitcoin i don't know it's compounded like 200
uh annually for a decade there's nothing in the traditional world that's doing that
and so sure is something else going to go up more maybe but like yeah just don't be greedy yes
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