China changes its policy on crypto all the time. At some point people will realize that there is no way for governments to realistically stop Bitcoin.

I realize that all markets are driven by emotion to some degree, but Bitcoin seems especially vulnerable to emotional trading. Probably because a lot of it is held by unsophisticated investors.

You can trade in and out of various cryptocurrencies if you want. I'm sure some guys do very well doing that. But for me, Bitcoin is a long term hedge against catastrophe and the possible collapse of the U.S. Dollar. It's funny how the Dollar has taken a beating but most people aren't even aware of it.

I just want to keep about 1% or so of my net worth in Bitcoin as insurance. I'm not concerned about whether it's worth $10,000 or $100,000 in USD.

This is really insane. This guy is still talking.

In a real way, I don't think people understand how little these talking heads know, the experts, I don't just mean the hosts that are paid to just read prompters.

Here's the secret to business school...the secret everyone already knows. The majority of those people were already wealthy to begin with.

They are just trying to figure out how to turn $3 million into, you know, retirement money.

The key to grad school, I feel like I’m doing a podcast now, is just to impress the people there that have money that you can make them more money because you’re smart and they don’t know what to do with their inheritance.

I should write a book. All The Things You Learned At Business School That You Aren’t Supposed To Talk About.

Those Bloomberg analysts are the people that were the worst in school. I’m ranting now but it’s true.
Maybe I will do this as a podcast.

Business School for people that actually care about the important parts.

The smart people that understand what is being discussed retired after a few years and live on an island now.

I am going to disagree with you. While I am not a fan of a general MBA degree, there is a lot to be gained from going through case studies and working on group projects with other grad students.

There is a ton to be gained from more technical focused business degrees - finance and accounting- where real skills are taught about tax, investment management, risk/return, financial accounting, audit, etc. I use stuff that I learned everyday, and it helped me climb the ladder to an officer level position within five years of graduating. It also made passing the CPA and CFA exams much easier.

Nearly every IPO call that I sit on is a company founded by incredibly smart business school grads. And they come up with some awesome ideas.

Now many will argue these folks would be successful without that grad degree. Hard for me to prove otherwise, but there is no way I am in my role without a grad degree.

No one in my grad classes was wealthy. They were all aspiring to be so.

Why don't you share these IPO launches from these brilliant people? In a newly created investment section. Others can even share the crypto currencies their friend created on the toilet.

I know it is all fun and games around here, but in the real world, integrity is an important value. Plus securities laws.

Don't you have to be concerned about what Bitcoin is worth if your goal it to have 1% of your net worth (presumably measured in USD) invested in Bitcoin?

If you are in a current corporate structure, you are probably in that for a reason.

So, consider that before you move to make changes.

Their take-away (tired buzzword) was if you think things will go one way, do this.

But if you think this will go the other way, do that.

If you have more time to wait to consider and see what happens, that would be good.

Obviously, it feels better when an asset you're holding is worth more. But what does "worth more" mean in this context? Naturally, our default setting is to measure everything in U.S. Dollars, but I do my best not to view Bitcoin that way. It's not a stock. One Bitcoin was worth one Bitcoin last week and that's what it's worth now and what it will be worth tomorrow.

From the perspective of measuring in Dollars, I look at the money I put into Bitcoin as a sunk cost. If one Bitcoin is ever worth $1,000,000 USD I don't think that will really be a good thing for me- or the United States- overall, but at least I'll have the Bitcoin. Right now my Bitcoin holdings are a lot more than 1% of my net worth, but I bought so cheap that I wasn't having a heart attack when it dropped to $30,000 this morning the way some people were.

I guess that’s my point, if Bitcoin as measured in USD is greater than 1% of your net worth as measured in USD, and your stated goal is to have 1% of your net worth in Bitcoin, shouldn’t you be divesting Bitcoin to get to that 1% level?

I suppose that's a sound philosophy, but it's kind of volatile to actually do that. It was about 1% of my net worth when I bought it.

Here's my thought. I don't have a lot of confidence in the U.S. Dollar going forward. So I'd probably rather hold cash as Bitcoin than Dollars right now. I have some gold too.

Real estate may be best but there are some issues with that. 1) It has to be managed. 2) No one has to pay rent right now. 3) It's a seller's market.

Beyond those things, I have personal issues with real estate. I've never made money on a real estate deal. I know that might make me the dumbest motherfucker on earth, but it's the truth.