Gary Cardone | Why I Put 86% of my Wealth into Bitcoin
Episode description
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Rob speaks to Gary Cardone about his massive bet on Bitcoin, with 86% of his liquid wealth invested in the cryptocurrency. Gary shares his views on money, dismissing diversification as a myth, while explaining why he sees Bitcoin as both protection against failing systems and an opportunity for unprecedented wealth.
Gary Cardone REVEALS:
- Why he has 86% of his liquid net worth in Bitcoin
- Why he believes diversification is a myth that keeps people from getting rich.
- That he doesn’t trust the government and banking systems
- How he has prepped to be self-sufficient and ‘been ready for 30 years’ for a crisis
- Many Bitcoin owners are unprepared for tax obligations and audits
- He sees Bitcoin as a "time machine" that will accelerate returns beyond what real estate or other assets could provide.
- How he minimises his income to avoid taxes, preferring to build wealth through appreciating assets
BEST MOMENTS
"I think Bitcoin is an unbelievable call option on the future of digitising planet Earth and without me paying an extra penny, it is an insurance policy”.
"Most of the people on this planet that have a shitload of money, they didn't go to school.”
"I call them degradings accounts, not savings accounts...because they're not savings you are losing your money, but being marketed by the banks and the governments that you're protecting your money."
"This theory that I need to be diversified is a joke. It's not, that's not true. Nobody gets rich being diversified."
"Bitcoin is the only time machine I can buy. And once you start playing with it, you're like, oh, this is going to cheat time."
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
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