CALEB HAMMER BITCOIN STRATEGY (HE SAID SELL?!?!)

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Look we live in a very very um interesting world where Bitcoin is now transitioning into a mainstream asset and at the same time you’re going to see people who just don’t understand it come from a very very traditional mindset um and they’re going to tell you

To back out a Bitcoin because it is viscerally scary for them because Bitcoin belongs in the risk of oh sorry rather the risk on bucket so far on the risk on curve that they feel nervous when you tell them that you own Bitcoin you might know some people like this uh

And today I want to react to uh Caleb Hammer I believe is that’s his name uh video I think he runs a podcast it’s quite a big podcast from what I from what I limited I’ve watched uh on telling people how to basically manage their finances and and all align them to

Um you know a a a safe steady growth portfolio and you know part of me I watched this initially and I was infuriated I had an unlimited amount of Rage uh for Caleb but I watched it back a couple times and I completely understand you know where he’s coming

From here but we’re going to watch this and then I’m going to give you my true honest opinion on what I think about Caleb’s opinion uh here uh about Bitcoin so let’s uh let’s watch this right now what he says to this young lady what other Investments do you have um Bitcoin how

Much well I invested over 3,000 but right now it’s down to to hey we’ve recently had a bounce yeah it started to go up which is good yeah what’s that so there’s there’s a lesson here right she said it started to go up which is

Good thank God it started to go up so that demonstrates to you that she doesn’t understand what she bought right she hasn’t hasn’t done the work enough to understand what she actually bought now let’s see what he says uh uh 1888 cool it’s a $3,000 investment and it’s currently worth

1,8 sell it put it towards the next car yep so he immediately tells her to sell it why because he’s perceiving this like Bitcoin is a full risk on asset furthest on the risk on curve um and because again he hasn’t done his homework either

Right and it will come out in a second this could go up it’s over 3,000 I it could I’ll tell you what so her Philosophy for investing is Bitcoin is not because she understands the asset and she’s done the work but because this could go up right and that’s very

Important to understand the psychology here 100% will happen no matter what these these credit cards will keep killing you doesn’t matter get back into that bull if you want to in the future right now you are taking care of so firstly he called it which means he doesn’t understand what it is

She doesn’t understand what it is what he’s looking at is what he’s got in front of him which is the lineup of credit cards that she’s obviously taken and she’s got bills and those payments coming out and he wants her to reduce the credit card debt uh that that that

She’s in you know if if it wasn’t for the ker on bitcoin then what he’s saying isn’t really bad advice because most assets are not going to go up faster than the interest that you’re paying on your credit card but Bitcoin has done that um and so you know and

Understanding what Bitcoin is you would look at this and you would go he’s an idiot which is which was my uh initial reaction but let’s let’s listen in here your past sins youed up take care of it this I respect he wants her to take care of the irresponsible uh actions that she’s

Taken on the financial side in her life up being an adult take care of it being an adult now this I don’t don’t agree with he’s basically telling her you got to get rid of all your speculative BS and including Bitcoin in this scenario and you need to allocate uh into paying off

Your debt basically giving back Fiat yes you’re you’re you’re not earn you’re not going to be paying the interest on that debt but also now you don’t have anything growing right at the end of the day one of my mentors always told me because if you need anything that’s a

Discretionary purchase that is you know like uh like something that you’re just going to spend on um you know you want to buy that with your own money uh and and if you’re going to buy anything that appreciates you want to buy it with debt you want to buy it with other people’s

Money you want to buy it with money that’s generated from other activities that you do to gain The Leverage on the amount of wealth growth that happens that’s obviously the wrong way around for a lot of people because they can’t manage leverage uh leverage well and so

They get into situations that that puts them worse you know worse in the hole than they were initially cuz I also have another account on here uh $440 yep okay take it out take out she has another account with I think 440 bucks in Bitcoin as well and he’s

Obviously telling her to to sell that all this money unless it’s in like a Roth IRA or tax advantage deferred account this makes no sense right now again his philosophy is very traditional it’s Roth IRA deferred Account Tax deferred account and and he’s in in a traditional World he’s given her

Reasonable advice but he doesn’t know what Bitcoin is and she doesn’t know what Bitcoin is you don’t need this dude I am so about investing you have no idea but the interest rate on these credit cards do apparently he’s so about investing that he hasn’t realized what

Bitcoin is uh and that it’s the hardest scarcest asset Humanity has ever created and it’s now being institutionalized but he’s so about investing not mathematically justifi being in that especially in a risky asset the way you your account is balanced into Bitcoin you’re like risky asset there you go 50

It makes no sense sell that out all and he’s worried about volatility here which you know from a traditional minded perspective I completely understand but he he has you know no empathy for the financial subjugation most people are in right most people have to take risks in

Order to to make a make a reasonable amount of uh money now like the average person is not saving their way to retirement and unfortunately what he’s talking about is one step away from just saving yourself to retirement to this and you’re almost halfway done you’re almost halfway done with your credit

Cards at that point well well right so basically she’s got you know like five grand worth of credit card debts and he’s telling her to sell 18 how much is that 1888 plus 400 bucks or whatever it was so $2,288 in Bitcoin divided by today’s

Price let’s say 43 so he wants her to sell 0.05 Bitcoin to pay off 50% of her her of her $5,000 debt like you you’re almost two cards done but the other cards are just higher balances M okay will you do that will you be an

Adult will you act like you’re 27 years old see now that here comes the shaming right will you be an adult will you this set and the other and we’ve all faced this if you’re a Bitcoin you faced this talking to normal people that just don’t understand what what what Bitcoin is and

Uh again you know apot ofy has empathy for for her because she’s jumped into something that she doesn’t quite understand but she believes in for some reason right uh but she hasn’t taken the time to learn about it and he’s sitting there and I have empathy for him because

Everything that he’s ever learned in life tells him that you know a S&P 500 Index Fund is the best way to create wealth and not 13 I’m willing to sell Robin Hood what the and I’m willing to sell the 440 why not Bitcoin cuz cuz it’s going to go

Back up no it’s well you don’t know that I do you do not know that nobody knows that that’s where faith comes in okay well I don’t you’re gambling okay well so now she’s she’s now sounding extra stupid to him because she’s used the word faith and he’s looking at this like

A rational investor wondering This Woman’s crazy right she’s look she’s thinking about faith she doesn’t understand it if she had been able to help you know educate him on why Bitcoin is the investment that she invested in then I think think this conversation could have gone a little bit more

Different but this is why this clip went viral like I do have money he’s now Associated Bitcoin with gambling because he doesn’t understand what it is and she’s doing no good job explaining to him why bitcoin’s in a portfolio in Bitcoin and I hope it goes up I do not

Know apparently he has money in Bitcoin but he also doesn’t understand what the is going on either anything you do not know anything one thing I know for a fact these credit cards are killing you mhm right so basically what he’s uh what he’s trying to tell her is I don’t know

What’s going to happen to bitcoin you don’t know what’s going to happen to bitcoin these credit cards today are murdering you so what you should do is instead of taking that debt that you’ve got that’s currently sitting in Bitcoin effectively right you didn’t take the debt out to buy Bitcoin but you’ve got

That debt it’s now sitting in Bitcoin one way or another you should take that off and pay it off because your debt is probably you know 20% APR or whatever the hell it is and she and and Bitcoin is a risky asset and you don’t know what’s going to happen so here’s here’s

The fundamental you know thinking here from my perspective firstly you should not take debt out unless you have a plan to actually pay it right unless you have a plan to keep up with the payments on a monthly basis I don’t think you should be taking debt uh out to do anything

With let alone invest in you know a volatile asset like Bitcoin and that’s one thing important to realize as well as soon as the ETFs came out Bitcoin went from Risky to just volatile right that’s very very important to understand it is now an institutionalized asset that went from Risky volatile to just

Volatile um secondly I would implore you know Caleb to you know if he ever watches this to actually understand what the he’s owning because it clearly he doesn’t understand what he’s owning clearly he doesn’t understand what the value of scarcity is clearly he doesn’t understand what Bitcoin is how rare it

Is how scarce it is and why it belongs in people’s portfolios why the S&P 500 has performed negatively against M2 money supply you know uh for the last 30 years why no matter how much your S&P 500 goes up it’s it’s never going to make as much money as owning Bitcoin

Because of the scarcity of Bitcoin and the infinite printability of the underlying underlying value system which is the United States dollar he doesn’t understand that he’s looking at going hey if I invest $10,000 and I become a millionaire over the period of 40 years hey that’s all good for me unfortunately

Caleb you’re wrong right because people have followed that process like my parents and they’ve ended up with a property portfolio that they’ve built over 35 years that’s worth 50% less than it needs to be because of the amount of pounds that were printed that didn’t go into uh the UK property market so

There’s a lot here that is completely misunderstood and unfortunately this is where the Boomers that I’ve been talking about not the Doom and Gloom Boomers talking about the amazing boomers are going to come in and swipe up this girl’s Bitcoin and she’s going to be selling her Bitcoin straight to Black

Rock sell straight to Fidelity because of the advice of some YouTuber that believes Bitcoin is a risk on asset and it should be a speculative little flippant investment rather than understanding what the hell it is and how important it is and why black rock is uh institutionalizing this asset

Versus uh everything he knows about it which is basically this is a risk this is a risky asset right so uh this is going to increase more and more people like this are going to be out here on YouTube talking about oh my God you need

S&P 500 index funds you only need you know you need to invest in real estate you need S&P 500 indx funds you don’t need Bitcoin but the truth is guys that and girls that are doing that traditional Finance YouTube is that most people have not been in the

Situation uh where they can where that makes sense for them they’ve been in a situation where they’ve been financially subjugated there there the the amount of money that’s being printed has gone up faster than the amount of wages uh than the amount that wages have gone up and

They haven’t been able to keep up with the amount of uh printing that’s happened and so now they’re forced to take speculative positions and even invest in things that they don’t understand in order to try and keep up with the amount of money that they want

To make and that they deserve to make based on the hours that they’re putting in so it’s really the responsibility of those YouTubers to actually understand what Bitcoin is as an asset class so they can start talking about it in a more informed Manner and Caleb looks

Like a smart guy right because that’s exactly the advice I would have told my friends before I understood what Bitcoin was like oh forget that crazy you need to invest in an S&P 500 Index Fund you know really real estate uh etc

Etc um and I I get it I get why he said what he said but he’s just uninformed here um and he needs to understand what the hell he’s talking about because if the reality is he understood what he was talking about he would tell her maybe we

Should sell some of the other you’ve got rather than that Bitcoin and you can keep that Bitcoin because it is the fastest growing asset and remember you’re never going to save yourself out of out of debt it’s just not going to happen you can pay off those those debts

And then you’re going to start again but the most the wealthy people that we know in the world in history started off with a ton of debt created that wealth and then that debt was revolved right now I understand that most people can’t handle that reality and I’m not saying most

People should handle that reality but that is the reality right if you want to be wealthy you’re going to take other people’s money but you’re going to you have to take it in a Smart Way obviously she from what I can gather here she’s

Not taking it in a smart way you have to take that money in a smart way and then you have to invest it in a smarter way in order for that to happen unfortunately for most people Bitcoin is the smartest way to do it because it is generating a higher return than than

Than anything else that they could do so here you know it it’s an unfortunate situation but that young lady is probably going to have sold her Bitcoin now because of this dude um talking on talking on YouTube about her paying off $55,000 worth of credit card debt with you know

0.05 or 50% $25,000 of $5,000 of credit card debt because uh you know of for 0.05 Bitcoin which in future you know could be worth a lot of money based on its scarcity right so neither of neither of them understand what the going on neither of them understand what

They’re what they’re owning um she’s basically B basing it on Blind Faith he’s he’s basing his Bitcoin investment on pure risk and this is the world where we’re at right now this is going to Pivot as Black Rock jumps into the education space as Fidelity jumps into

The education space and pretty soon in 5 years Caleb is going to be telling people to have a Bitcoin allocation in their portfolio and it won’t be the risk side of their portfolio it’ll be the risk off risk off side of their portfolio because they’ll actually

Understand what it is the problem is it’ be too late by then because bitcoin price would have appreciated so much you’re just going to have your standard 10 to you know 25% Kar uh but that would be good enough for most people right that would be good enough for most safe

Portfolios so the question you have to ask yourself is am I going to be ahead of the curve here or not am I going to be listening to morons like this that don’t even understand what they’re investing in let alone talking about it to other people

I don’t know right but this is what’s going on right now and I wanted to highlight this because it’s very very important so many people are going to be forced to dump their Bitcoin position because of people like Caleb that also don’t understand what the hell they’re

Owning um or even worse can you imagine if this was the case he actually understands what he’s owning but he chooses to say this because it’s the right thing to say based on Decades of quote unquote Financial uh portfolio management that’s happened can you imagine if that was the case sounds

Ridiculous to me I hope that’s not the case because that would be nefarious beyond belief so ultimately this is all going to happen all of this Capital rotation is going to happen it feeds into everything else I’ve been saying ladies like this you know guys like this

Are going to be selling their Bitcoin and trying to trade it and trying to think this is what it is not understanding that the scarcity has the True Value so you have to be aware hyper aware and sensitive why people are saying things to you and in this

Scenario he saying it to her from the way that I take it because he doesn’t understand what he’s holding as well Bitcoin is no longer a risk a risky and volatile asset it is a volatile asset the risk part of it started reducing as soon as Black Rock filed for that ETF

Application and that’s what’s going on in the world but ultimately despite all of this despite how many young people sell their Bitcoin because they watch too many YouTube videos like this guys there are ultimately only three rules to bitcoin step number one you buy Bitcoin step number two you shut the up and

Step number three you get fabulously wealthy