Best Way to Start Investing in Crypto! | Luke Belmar

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I remember buying Tron which was crazy sub one penny went to like A180 in the 2017 Bor and we were doing like 180 X’s 100 x’s in a couple weeks but I lost it all I lost all the money that I made in the first Bull Run if I go broke today I

Can make a million dollar next week how would you go about making a million dollars if you went broke next we I mean so obviously um a big part of your journey was investing in crypto early on how did you have the conviction to take that risk of I believe you’re working as

A waiter and then putting half of your money into crypto at the time how did you know or you know think that that was going to be a thing in the future I didn’t I looked at Bitcoin first I tried to understand it my first thought was

It’s expensive when sitting at a couple hundred dollar cuz I was comparing it to penny stocks that I was looking at on Robin I’m like wo this is expensive but then I started to begin to understand what is money why is Bitcoin important and I just started buying it Bitcoin

Wasn’t my biggest allocation nor is it my biggest allocation nor is it my biggest holding but it’s what got me introduced into the ecosystem from there I got introduced to xrp I got introduced to cardano I got introduced to xlm all the OG coins I remember buying

Tron which was crazy sub one penny went to like A180 in the 2017 Bull Run we were doing like 180 X’s 100 x’s in a couple weeks but I lost it all I lost all the money that I made in the first bull run because I fell into the scop of

Hold on for dear life hold all your bags Moon this moon boy that and I didn’t treat the markets for what the markets were which is a place to come and make money and I don’t see Bitcoin as right now as anything more than another place

To hold money over human the period of human history this idea of having one Global Currency never really existed there were always fractionalized notes if you begin to evaluate how banking worked inside the United States different banks would issue their own reserves and different states would issue their own notes eventually that

All kind of got institutionalized put together JP Morgan a lot of collaborators and the dollar that we have today kind of took over the Petra dollar I think we’re beginning to notice the fractioning again of where people like to hold their value and hold their money to say that not holding your

Dollars is like a bad thing I wouldn’t necessarily agree with that because the United States is still the superpower of the world they are the military superpower of the world they are the Imperial power of the world and holding their currency versus holding any other currency wins over Singaporean dollars

Over Swiss Franks at an inflation level the dollar still wins how about something like gold I can’t tell you a lot about gold because I’m not very familiar with it I hold physical gold under the premise that I like to have physicality right I want a asset that is

Physical that I can hold on to I also want digital assets I want Bitcoin because I can’t take $100,000 worth of gold overseas i’ get stopped right they’d be like yo what the are you doing you laundering money I can take a hard drive and just go overseas and hand

It to somebody it’s 100 Grand that’s what I like about uh this type of currency so the goal of currency is to protect yourself two is to find opportunity for appreciation opportunity for appreciation and three is not losing your purchasing power and that’s the big thing that we’re noticing today is the

Purchasing power of people’s money is being reduced and that’s where people don’t realize that they’re entering into slavery it’s this debt cycle right this cycle of living off of what you have and okay perfect but now you got double the salary but perfect they just printed twice the amount of bills so you’re

Technically just still in the same situation you just have more numbers that’s why a lot of people are flexing oh I have a million dollars in the bank account yeah but bro do you do you know how much it cost to buy a house like if

You were to buy a house cash your bank account would be depleted by 50% you’re not that rich it’s interesting that you say you like to hold physical assets but I’ve also heard you say that you don’t like real estate why is that the case uh

I simply don’t like real estate for two purposes I think it’s a great place to store your money I understand why people that have a ton of money store their money in real estate cuz why would you have $50 million sitting in a Chase bank account it makes no sense

Whatsoever I don’t like it because I don’t like the headaches of administering even if I have admin people running it it’s still my property I’m still responsible for it and two I don’t like to have things that entities can seize that are readily available yeah it makes sense those are the two

Only reasons where does most of your money sit to this day and like what’s the split between Investments and cash right now right now cash and stocks that’s it no crypto cash and stocks what stocks do you hold all the stocks that buy crypto so big on coinbase big on

Micro strategy the person that put me on the micro strategies the the richest guy in Mexico uh he talks about micro strategy I was like okay he’s bought micro strategy I’m gonna buy it uh coinbase is the biggest holder of Bitcoin and micro strategy is up there

So I’m just going to own the two companies I’m betting on the winning horses because uh even though Bitcoin has the opportunity most likely will get approved as an ETF I think the multiples that are going to be made aren’t going to be made from Bitcoin they’re going to

Be made from all the other markets that are going to get the liquidity from the the crypto Market that the crypto Bull Run that’s going to come so my thought and my initial opinion would be stocks that’s where I have a lot of my Capital

Because it’s safe I have a lot of meta stock I have a lot of Microsoft I put in quite a bit of money in Microsoft the day that Microsoft did the1 billion investment I posted about it I tweeted about it simply because they basically bought open AI without saying that they

Bought open Ai and why wouldn’t you invest into the only potential investment vehicle to open AI right it’s you’re not going to get access to buying open AI so that’s the only next best thing and then finally PayPal I’m a big advocate for PayPal I got nuked

With PayPal but I I’m a really big proponent on the IP that PayPal holds and their Cash Net positive business and it’s a legacy company and then cash cash on the sidelines ready to deploy into the market do you ever worry about diversification because obviously you’re quite heavy into Tech and crypto and

Stocks that are pegged to crypto obviously if that whole industry died you would be in trouble probably I would never be in trouble because my security first of all does not rely on myself on like the things that I have but on myself so I can make a million dollars

In a week like if I go broke today I can make a million dollars next week how would you go about making a million dollars if you went broke next week I mean I have a I have a a ninef figure community so I have a 200,000 person

Wait list to join Capital Club each person I have about a 20% conversion rate so I have 20,000 people already there all I would have to do is send a message and be like I’m doing an event in Miami yacht day 50% margins sell 50 tickets at $1,000 I already have 25

Grand in the bank account 25 Grand runs me three months I can have enough cash flow to be able to set up a business plan all it takes is strategy and planning it’s very simple it’s doing the same thing of what’s already worked people go broke because they do the same

Thing of the wrong thing you want to get rich do the same thing of the right thing just apply advocate here if crypto did go downhill and all of the tech stocks went downhill all of AI would people still want to pay for that Master mind on the yacht because obviously your

Whole thing is that stuff so maybe your area of expertise is valuable then really not really I think that’s that’s that’s the fishing net that I’ve thrown into the ocean of opportunity to collect some fish AKA money but I think to assume that that’s the only thing in

Which I provide Valu is very limited I mean I brought my banker up here right my banker works for one of the top three banks in uh the entire world and he runs one of the top branches in the entire world all I have to do is ask him for a

Loan he’s my boy he’s on the yacht right here and he and he runs one of the branches of the biggest banks in the entire country so the key is connections the key is to become the type of person that attracts money and opportunity so so if nothing existed just being myself

Developing myself would create money money is merely the transaction of value so to assume okay perfect I become irrelevant with crypto that’s fine I’ll go find something else where I can become relevant and good