How to Buy 60% More Bitcoin With This DCA Method

0:00Are your ad campaigns lighting up the dashboard? But not the pipeline. That's bullspend. And marketers are calling it out in... dashboard confessions. My boss asked for results, so I opened my dashboard for the only positive sounding metric I had. Impressions. Cut the bullspend. See revenue? Not just reach. LinkedIn delivers the highest return on ad spend of major ad networks. Advertise on LinkedIn. Spend $250 on your first campaign and get a $25 credit at go to LinkedIn.com slash campaign turns the conditions apply. This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome? That's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online makes sense? There's no place like Chrome. Check responses set up require compatibility and availability varies 18 plus. For the same amount of work, we will get more money, but the value of the money is getting

1:01worse and worse. So on the paper, your salary is increasing, but you are buying 40% less of the assets. And with Bitcoin, it was even worse. I absolutely understand why Michael Seller is doing his financial alchemy. It's all about getting more purchasing power. Right now, true someone else's money. Why an asset, which will be more valuable in the future, which is Bitcoin, and once it's more valuable, you sell a small portion of it and you repaid this extra capital. You don't have to be a company. You don't have to be a publicly traded micro strategy company. You don't have to be the Michael Seller. And it's a great way how to start and how to use the system. In my humble opinion, we are right at the start of a major bull run. And every time before bull run starts, I ask myself the question, how can I get more Bitcoin? And that's why I invited today the financial genius behind really big Bitcoin companies like Treasure to talk about the macro landscape that we are entering in with radalios thesis

2:05with the Bitcoin cycles. Why using the fear system is a good thing when you want to get a more Bitcoin. And why it is so important to get to one Bitcoin, 10 Bitcoin, 100 Bitcoin, whatever your goal is to stack as aggressively as possible, but in a responsible and safe way. And how we blabbs without the billions of dollars can do a strategy that is similar to Michael Seller's with buying up to 60% more Bitcoin with every single buy you do and try. I have this feeling that a lot of people look at what strategy and Seller is doing and look at what they can potentially also do with Bitcoin because they want to have Bitcoin, they want to have it in self-custody, they want to have their own control. And I think you have some really interesting thoughts on how you, I think you said you

3:06can be your own Seller of your Bitcoin strategy. What kind of your overall thought using Bitcoin in a really smart way to accumulate as many as possible? Great question. Let me start with a first angle point of view. And it is that probably everyone and Bitcoiners, of course, heard about inflation. But I have this experience that people and especially Bitcoiners do understand that inflation is increasing the price of the assets. But they don't realize that it also means that you buy Bitcoins and stack sets, it's going to be harder and harder. Because for the same amount of work we do, we will get officially more money, but the value of the money is getting worse and worse. So I think what is the problem is that you accumulate Bitcoins is going to be a tough

4:08work and it's going to be much and much worse. So that's my first point of view. I recently did some, did a presentation for Bitcoin conference and it was very nice because and this was applied on the Czech Republic for example. But I think the story is same for European Union, for the USA and it was this chart of let's see what inflation did and everyone knows these charts. So it was pretty easy here, value of money is decreasing. But once I added the prices of the assets, gold stocks, real estate, it started to be interesting because people now realized that they are buying minus 40% of gold of stocks of real estate for the same amount of work. And in Czech Republic for example, the average wage increased by 93% in the last 10 years.

5:08So on the paper, your salary is increasing but you are buying 40% less of the assets and with Bitcoin it was even worse. So I think the point is that I absolutely understand why Michael Seller is doing his financial alchemy. Whatever the listener or people out there thinks about him or about the micro strategy, I think it's a really smart move because you want to leverage the current losing value of the money to buy an asset which is going to be more and more precious. And so here starts the story also of the invity because if you are a corporation in America, you are publicly traded, you have so many options what you can do. And that's exactly what Michael Seller is doing. And he's doing it absolutely right. And we wanted to give this opportunity to people like you and me, like people who don't want to start a Bitcoin company or maybe don't want to buy the shares of the micro strategy

6:08because probably they have the feeling that I want to own the Bitcoin, I don't want to buy the stocks. So it means the proxy to the Bitcoin. And we came up with this very simple idea. I said, well, on personal level, if I had some rich grandma, I would ask her, can you lend me your money so I can buy more Bitcoin? But since I don't have this grandma, we can do this as a service, which means that we in an invity, we can give you extra capital to buy more Bitcoin. And so you stack more Bitcoin and in the future, once you want, you can sell a small part of these extra bitcoins and repay this extra money. So the logic is super simple because people start thinking, okay, is this kind of a financial alchemy? What is behind it? Super complicated. Is it leveraged or not? It's super simple. It's all about getting more purchasing power right now through someone else's money by

7:14an asset, which will be more valuable in the future, which is Bitcoin. And once it's more valuable, you sell a small portion of it and you repay this extra capital. So in invity, we give you 60% extra capital. And a lot of people ask why 60%? Why not 70, 80, 100? I understand that for average person, average Bitcoiner, it might be scary because these people are like, hey, I don't want to have a loan. I don't want to use someone else's capital because, you know, is it risky? And we did a lot of calculations and we did thousands and thousands and thousands of scenarios through the whole history of Bitcoin. And it turned out that if you use 100% extra capital, which basically means you put 100 euros and you get 100 euros, it really is a bit risky because it's too much. But it turned out there is a healthy level around 70%.

8:18So we added some reserve and we said with 60%, that's the exact amount which financially and mathematically make sense to borrow and buy more Bitcoins. And that's why basically and how this idea of we call it invited turbo because the whole word understands what turbo means. It means something more, something extra. And so this is the idea how we created basically the same system what Michael Seller is using. And now of course financial experts out there could say, well, it's not exactly the same Michael is doing. I know, I know hands down, hands down, but I think the principle is the same. But I call it, let's short the fired because the world and the problems we see in a fired world will not be different. No one is going to change that. The depth is not going to be lower.

9:20The policy, the money policy is not going to be different. The problem is going to be only bigger and bigger in the fired world. And that's why I think to start using Fed to buy more Bitcoin is the best strategy of the next years. And now it's September 2026. We're talking right now. And I think now is the right time to start with it because Bitcoin is not on its all time high. And these are the moments that people are scared and they don't want to jump into Bitcoin and start something. But those who will are going to be the winners of the next cycle. I think the timing is right. And the whole global situation is showing us clearly that Bitcoin is the right way. How to do it? I love that. And I always say, because a lot of beginners ask me like, how many Bitcoin should I buy? And it really comes down to your conviction.

10:22It really comes down to how much you believe in Bitcoin. Because if you believe the Bitcoin will go to zero, you should have zero Bitcoin. Like because you shouldn't buy something that goes down. If you believe that Bitcoin is a great asset that will go up with like 5, 10, 15 percent maybe you can have a small allocation. You can have something in Bitcoin. And then there are, I consider myself a hyper pull. Someone that really believes in Bitcoin and thinks Bitcoin is will be the central point of our financial system. Maybe in like a foundational layer similar to the age. How was it called? TCP or P-Protocol. So a very foundational layer for how money is built. And if you believe that and you know there will only be the 21 million, probably a lot less because people lose it and there are rich people that maybe never sell a very big part of their Bitcoin. So it's maybe only 12 million, 50 million, whatever the thing is.

11:24So I think once you understand the tremendous value of what one Bitcoin even like a few Satoshi is really mean, you're like, how can I get more right now? How can I get more? And then you'll discover the beautiful field system that allows you to get more Bitcoin today. And that alone or whatever you're using as an instrument gets less valuable, has less purchasing power and the other one grows. So you're using that system that usually more rich people only use for the everyday person that just wants to invest in Bitcoin and don't stand that information asymmetry. Absolutely. And I think it requires you to exactly as you said to understand the Bitcoin, understand the financial system at least a little bit.

12:25But also I think it takes a bit of a courage and we wanted to make the barrier as slow as possible because I understand that for some people it's very hard to, for example, take a loan and buy Bitcoins. And I wouldn't even recommend this to take one time, big loan at a certain time and buy a big amount of Bitcoin. So what we wanted to do is to combine good principles and good tools. And one of the great tools is the DCA which means buying Bitcoin regularly every single week or every single month but basically having a strategy, buying it regularly because it allows you to do the kind of price averaging of the Bitcoin. And if you combine this DCA with a micro extra capital, so it's not a one time big loan,

13:25but it's more like using someone else's capital, small portion of it regularly, it's like you combine two very powerful tools altogether. And it turned out that this combination, and as I mentioned, 60% that was from our perspective, the magic formula and do it regularly, you can really significantly increase the amount of the Bitcoin you can stack. And recently in the Invitimobile app we released a third tool. So you as a user, you can use DCA, you can use someone else's capital in smart way, plus you can automatically time the market. So what we added is that if the Bitcoin is considered to be on the all time high, you don't want to buy more of it. You want to wait and once the Bitcoin is in the downturn, you want to buy more. So what we added is we implemented the 120 weeks average of the Bitcoin and Inviti apps

14:33automatically and you don't have to do anything. It's automatic. It values so is Bitcoin overpriced today or underpriced. And if it's underpriced, it will give you more extra capital and if it's overpriced to give you less. And it turned out that the combination of these three tools is super powerful for the average user and you can start doing this with 100 euros. So you don't have to be a company, you don't have to be a publicly traded micro strategy company, you don't have to be the Michael sailor and it's a great way how to start and how to use the system. But you set one thing and it's important. It all requires to understand the Bitcoin understand the system and have trust in the system because it's not a bet. It shouldn't be a bet. It must be a calculated decision. If you're only half as bullish as I am, you wake up with that feeling, with that craving every single day, how can I get more Bitcoin?

15:37And they finally found an amazing product that solves exactly this problem. The company is called Invitie and they have this feature called Turbo Buy. When you buy 100 euros worth of Bitcoin, you get 160 euros back in Bitcoin. So over time, when you accumulate into Bitcoin, you end up with more Bitcoin than you would have bought with a normal DCA plan. Go to Invitie.io slash Robin, download the app and use code Robin. That's R-O-B-I-N, code Robin, with which you get up to 50 euros on your first buys back in Bitcoin and let's stack more Bitcoin together. I love that. Maybe for people that are not as convinced yet about Bitcoin, they maybe have only a small allocation of Bitcoin, they maybe just dabble and slowly get into because I think as we

16:39approach this hopefully bull market, I think we have more and more of those people that I'm interested in Bitcoin, have some conviction, but I'm not yet on the level of saying, I love it, I'll just go almost all in or go very hard on Bitcoin. How do you explain someone what value Bitcoin has, the immense value Bitcoin potentially has in the future? So I must admit it's hard, it depends on the listener and I will give you one great example. When I discovered Bitcoin, I think it was back in 2016, something like that and then I started talking to my friends and family, I spoke with my grandma and I started the discussion because she was curious, like what is this, the Bitcoin? My first idea was you are too old to understand, but I tried and it was super interesting because

17:42she got it very quickly because I started explaining it's a better money and she asked, okay, what do you mean by better money? And I started, it's not controlled by the government, you will not change the rules and it's independent, decentralized and you own it. And she got it into a few seconds, why? Because she had the experience from the communism and she said, yeah, I experienced when our family lost everything in the bank because there was in the Czech Republic 1953, there was a change of money. It was a monetary kind of decision of the communist government and basically what they did is they changed the exchange rate of the money, one, two, I think it was one thousand, something like that. So if you had one hundred thousand crowns, you had one hundred crowns. And it was interesting to speak with someone who has a real experience, these people will

18:48got it immediately. And back to your question, with younger people, I think sometimes it's hard to explain because these people didn't experience such a thing in life so far, especially during the last, I think 10, 15 years. So I think mostly our generation is people who started to work in an era of quantitative easing. So basically money were falling from the sky and everyone kind of used to it. And I think it requires you to experience some issues with the financial system. And unfortunately, this will happen and we are the generation who will face it. That's what I think, but for some people it will be too late because yet they don't feel the need for it. So that requires to explain to your friends. And I remember, and that's a nice story I remember, I used to speak about inflation

19:50as one of the arguments for the Bitcoin. And I remember before COVID, at least here in Czech Republic, inflation was actually not an issue. Like it used to be pretty normal to present something like that. And I had the feelings that some friends told me like, hey you're talking about inflation about, you know, fire losing value. Are your ad campaigns lighting up the dashboard? But not the pipeline. That's bullspend. And marketers are calling it out in dashboard confessions. My boss asked for results, so I opened my dashboard for the only positive sounding metric I had. Impressions. Cut the bullspend. See revenue? Not just reach. LinkedIn delivers the highest return on ad spend of major ad networks. Advertise on LinkedIn. Spend $250 on your first campaign and get a $25 credit go to LinkedIn.com slash campaign turn. This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle

20:54from a 50 page restoration block or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online makes sense? There's no place like Chrome. Check responses set up require compatibility and availability varies 18 plus. It's not an issue. And then the COVID came and you know a lot of money flow into the economics and the inflation here in Czech Republic was around above 10%. Per year. And it was a shock for people. And they remember some of my friends finally got it and they said, okay, it can happen and it can happen overnight. And I think this is the, this requires a real life experience to really understand why Bitcoin is needed and why someone should put it into the portfolio. Yeah, I've heard that quote once like either you are nerd and you really study those topics or you experienced some pain in the past. Yeah, yeah.

21:54And of course it's great and I think of course we shouldn't be annoying. I know a lot of Bitcoiners who can be annoying. Yeah, we can be annoying, but I think it's nice to kind of use some examples. So what I also like and you know just mention it because some people just need some time to think about it and I don't want to persuade anyone to buy Bitcoins. But nice example for even a very rich people is the war in Ukraine right now. And for some people it was unimaginable that there is a war in Europe. And to imagine that you must leave everything here in Prague and for example flee from the country. And I have one specific, it's not really a friend, but it's a person I know and this guy is investor in real estate. And like for the last 20 years he used to invest every single euro into the real estate

23:00because this guy is perceived or used to be perceived that that's the only real value. So it was interesting once this war started and once I started to have a conversation and I explained, hey I know some people who were able to reallocate into different country and thanks to Bitcoin they were able to you know start immediately and reallocate their whole life savings pretty much without anything needed. Like it was just like that. And it was the moment this person started to think about it and now this person decided that at least 5% from his whole wealth will be allocated into Bitcoin. But again I think for some people it requires external motivation and usually unfortunately a bad one like a bad example or an issue to really understand why maybe it's right time to do it.

24:02But and one last thing when you I think it's increasingly easy for Bitcoiners to explain Bitcoin in this world considering the geopolitics, considering the depth, considering what is going on. I think 10 years ago it was hard to explain at least harder to explain but these days I think more and more people finally get it because they see it all around them. I think so too. And you mentioned before we started recording Redalio and his thesis around the cycles that also plays into all of that. How do you look at his thesis around the cycles, America and China and all of those coming into play with Bitcoin? So I really like Redalio and his books. I'm of course trying to filter some information even though he's like genius, genius mind but I try to put it into perspective because nobody knows what will happen.

25:05But I must really admit that these principles when you look at them from the very basic perspective and it's pretty simple. If you are building depth at some point you must repay it. And if you will not do that it will cause some effects and that's the cycle of the depth. And I think this theory makes a lot of sense. And for example he has a book Big Dept Crisis and it's the analysis of I think 40 examples from the past, how different countries went through the very same drama and the principles how always the same which is for me kind of a shocking like it can happen in Argentina. It can happen in the Vimar Republic in Germany but it also happens in the United States. It can happen in Europe. It can happen in Greece or it happens.

26:07So I think it's important to be curious and to put things into perspective and back to the original question I think that we can see it right now. And the recent I think just few weeks ago, Radalio for the first time mentioned that he can recommend the allocation into gold and into Bitcoin. And it was the first time I heard from Radalio to really recommend. I think he mentioned like small portion into Bitcoin. So he was I think it was a kind of a disclaimer. But I think it's again a confirmation that these very smart people who were spending their whole life studying the economics and what is going on are not working about Bitcoin. It's not a coincidence. It's also interesting because you have to realize the context of a person for Radalio to

27:09come out to even speak about Bitcoin is a huge move. So some people then say like, oh, why don't you come out and say like put 50% in like that's something that that would never happen because you need to have the context of him. And that only happens like not never but like it happens over time and it slowly gets there. Because not coming back to say they're not or everyone goes find something and just goes all in. One other aspect that came to my mind when you were speaking about Bitcoin is I've met a lot of people that had money in other areas of the life. They had real estate, they had other investment vehicles and then converted all of it or a big portion of it to Bitcoin. I have not met someone that had a big portion of the network and Bitcoin and then said, I'm going to be a real estate guy now. I'm going to be a gold guy now.

28:10So the other direction seemingly does not work as well. I've seen people that said, oh, I want to buy a home now because I've had a criminal little bit quite like that's fair. But that's not an investment thesis that's more like an emotional like a practical thesis. It's so fascinating that Bitcoin has this attract that pull thing off it. Is that just the number go up? Is that just because it has such a great record and it's the more to it? I think it's more to it. I think and of course I don't have the data statistics. So I can maybe so let's consider this is my opinion based on investors. I know best on big investors. I try to keep an eye on and exactly as a radio he's evolving, he's evolving his ideas and now finally he mentioned Bitcoin.

29:10But it's other guys as well. I think it's really first signs that something is going on in the world, in the economy, in like global setup of the financial system. And it really depends on which stage you are as a person. So what I saw in the past was that people who want to build the wealth. So for them it's stage zero. It's I want to create the value. I want to become a financial independent. I want to buy a house. I want to build the assets. These people were more willing to invest into Bitcoin because it was risk reward. I have nothing to lose because I'm building the wealth. So why shouldn't I invest into Bitcoin? But what I see now is that people from the other side of the spectrum, people who are very

30:11rich, they have a lot of assets, a lot of wealth are doing the very same with the Bitcoin. And they are even selling some assets to buy Bitcoin with even a bigger amount of money. And I think both have different reasons why to do it. But principles are the same. It's something is going on. The people in the stage zero are afraid that in the current world they will not be able to accumulate wealth to become financial independent. So it's a fear. And they fear that the global system is not fair to them. Probably they might have a fear that AI will take their jobs or maybe that fired system value and the purchasing power will be decreasing. And the people on the other side they have the very same fear because they already build the wealth and they are afraid that they will lose the wealth.

31:13So I'm probably not answering your question, but what I feel is that there is definitely more than just, hey, Bitcoin is going up. Let's buy some. And I think for the guys who are more and more diversifying Bitcoin is diversification. And they don't really care about Bitcoin going up because there is this saying like, of course, you want to become richer than the others, but there is also the other way. When the world is going down, you want to go down slower than the others. And I think that's the mantra for the people on the other side. That Bitcoin for them doesn't mean only going up, but it can also mean to slow down the crisis, slow down situations in which stocks will lose value or real estate will lose value or and that's another reason what I hear these days.

32:13And it's that people started to be afraid about capital, governmental rules and taxes. So I think this is interesting that it's not only about I want to become rich thanks to Bitcoin, I want to be great assets. It's not only I want to diversify, but it started to be, I really want to be independent. I think this mantra of decentralization used to be just a word for a lot of people. And they don't really realize what it means. It's nice Bitcoin is decentralized, but what is the benefit? And right now with big depth governments will of course be pushed to increase taxes, to start controlling the capital, to start dictating where you can put your money or you can't. And I think that's another chapter for the Bitcoin to show that it's a great asset, even

33:15for this reason. It's story is so fascinating with the Satoshi Nakamoto not being known still. It's really unprecedented, like we've never had something like that. The digital nature, but not being able to be copied or hacked in any other way. And then of course, as you also mentioned, I think that's really good insight. You don't only want to go up to fastest, you also don't want to go down. You also want to go down the slowest, which brings me, I think the sharp ratio is probably the best metric to capture both of them and not to bring back in strategy again. But for example, a lot of people point for example, strategy or other strategy companies say, hey, they go up faster. But actually, yes, that's true, a lot, a few periods of time. But they also go down faster. And after the very deep work into comparing the last six years of strategy with the Pitz Comprise and yes, strategy outperforms Bitcoin by quite some margin sometimes in the bull market.

34:21But it goes down a lot faster. And when you compare the sharp ratio, the Bitcoin one is a lot better for people that don't know the sharp ratio compares how faster as it grows to the volatility, which in the traditional financial space people call risk. I don't like calling volatility risk, but that's what it is. So I think that's also, it's such a unique asset. There's an amazing story. It has a great sharp ratio. It still has a very energetic asset. So it's not like very slow to move like gold or real estate. It's like very great for news headlines because it's always open Saturday Sunday. There's always something going on. You can get caught up in the news cycle of Bitcoin. So I don't know. It's a very, very unique asset in the world. Absolutely. And the reasons to buy Bitcoin is increasing. But at the same time, I'm afraid a lot of people are stuck. And they probably are losing the trust because they see that they are losing their purchasing

35:28power. And let's say check for public as an example. We have a very bad ratio between how much you earn per year average number compared to how much an apartment average apartment costs you. And there is this ratio like 20 or something like that. So you must spend a lot of money to buy even an average apartment. And I'm afraid that some people stopped trusting in the future because they don't feel that they will be ever able to buy these assets. And when you think about the future, when you think about security for your kids, for your family, for yourself, you want to build it on assets. You want to build it on some resources. We are human beings, but we are animals. We need resources to live. We can't live from the from the air. And I think Bitcoin in this term is still an evaluate.

36:32And I think a lot of people don't realize that they can start building the security on Bitcoin. And they don't have to save millions and millions to buy an apartment because they still see this apartment as this special asset and the goal what I want to buy. And I don't understand why people are so obsessed with, for example, real estate because they can build much more true Bitcoin and then buy the real estate. And that's what we are trying to explain in innovative. We want to make Bitcoin as accessible as possible on few clicks in a smart way with the best possible financial alchemy, as I mentioned with the turbo, for example, and show people the way, hey, you can still, the game is still winnable. That's the message. The game is still winnable. And you can build it with Bitcoin. And stop thinking about buying a real estate now. Let's build your wealth the right way and don't worry.

37:34You will get to a real estate in the future. Don't worry about it. So I think that that's the message and still a lot of people don't get it. The half of them are afraid of still Bitcoin because they understand it and the second the half thing that the game is over. I know some friends that told me, oh, yeah, if it was 10 years ago, I would definitely buy Bitcoin. And it's super hard to explain to them that, hey, don't think about the past, think about the future. It's still the game is still winnable. Are your ad campaigns lighting up the dashboard, but not the pipeline? That's bullspend. And marketers are calling it out in dashboard confessions. My boss asks for results, so I open my dashboard for the only positive sounding metric I had. Impressions. Cut the bullspend. See revenue? Not just reach. And delivers the highest return on ad spend of major ad networks. Advertise on LinkedIn. Spend $250 on your first campaign and get a $250 credit go to LinkedIn.com slash campaign turns the conditions apply.

38:35This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome? That's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50 page restoration block or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online makes sense? There's no place like Chrome. Check responses set up require compatibility and availability. Very 16 plus. There's actually one thing. I think a lot of new people struggle with. They probably heard about Bitcoin before 2096. They probably heard about Bitcoin in 2017, 2020. Those are the times where there is really powerplanes, a mainstream, 2017, especially I remember it was almost impossible not to talk about Bitcoin. Back then I was not in Bitcoin, but I still heard it all the time. Then you hear prices of back then it was like $2,000, $10,000, $15,000. Now what is it now?

39:36$80,000, $70,000, $90,000? That's expensive. Then there's this limit of $100,000. $100 is almost 100%. It feels like there's some kind of cap to it. It cannot get above 100K. That's the ceiling for Bitcoin. I see a lot of people struggle with that. Do you have any frameworks to think about? To understand how early we still are in this Bitcoin game, even though or despite being up massively in the last 5, 10, 15 years? That's a great question and nicely said. I do feel that people have some limitation in the head and they think it's over. Some people of course. I think the answer is explain them the factors behind the price. Sometimes I joke with these people and I say, hey, maybe the reason why Bitcoin is so

40:38pricey because they call it always super expensive, maybe the reason is not that Bitcoin is expensive but it's that Fiat lost so much value. I usually try to reframe it in their head that it's not about absolute price but it's about the factors. I try to explain them. It's super easy. Bitcoin consists of Bitcoin as a digital gold. Gold because they can imagine gold. I use this word. The gold is something you want to rely on during the crisis, during the tough times. It's something you can rely on and look on the factors. Look on how the governments are behaving. Is the debt increasing or is going down? No, it's increasing. Is the speed of this increase slowing down or increasing? It's again increasing. I think it's describing the world we live in, all the factors and then going back so don't think about the price. It's irrelevant. It's irrelevant information.

41:39It's all about the gold and digital gold be useful in the world we are living. I think yes, it will be. Then of course I can add something. You don't want to buy gold. You want to buy the digital gold because of this and that and that. But I think this is the only framework to explain it because people tend to be trapped with the numbers. Exactly. I like to ask what else is there about it? Even if Bitcoin would have been already at the major market cap, Bitcoin is already above gold's market cap, which is then I think a 20 access or from here, it would be a lot higher. But then I still have to ask myself, is the better alternative? Yes, of course I can build my own company which probably grows quicker but is very likely to not succeed. I can buy individual stocks but then it's a part time job to keep up with them and research

42:41them and see what they are doing because of course the individual stocks that might probably outpace Bitcoin but a lot of risks to it and a lot of work to it. Can I do it with real estate? Maybe. If you are smart, can negotiate nice terms with banks and are a great business mind but again that's a more job and not an investment. So it's like all of those factors come together and you're like, what is there that I can just save in and for me the only answer is Bitcoin. It's like that's the only savings vehicle. I don't like to look at it as an investment almost. Yes, that's something I definitely agree with. At the same time I do have understanding for people who are not there yet. So I think one of the ways is to tell these friends and these people, hey it's not overpriced, it's not over it's still available. So why not to put 1% of your income into Bitcoin?

43:41You have nothing to lose. Just tested it out, do it and that's why basically there's the original idea behind the Inviting Mobile app. Like six years ago I had this idea like it would be nice to have very easy app on three clicks to buy Bitcoin because when I'm sitting with my friends in a pub and some of them are like maybe you're right, maybe I should do something about it. I must do some action because the next day they will not remember, not because of the beer and alcohol but maybe also but they have different problems. It's day to day operations and I think this is the problem that people must take the action and we should motivate them and the best motivation is you have nothing to lose. You can start putting 50 euros into Bitcoin and you have nothing to lose. But it's hard. 50 euros it's like a round of beer for your friends. Exactly but it's like well it's like how much you're paying for Netflix and I bet you

44:43pay also for other services you don't even remember. You also... You're the premium and like all Spotify. Exactly and I think that's the best we have to do it and to once they have at least a small portion and this is what I saw in one of my friends. This guy really small amount of money into Bitcoin and it was two, three years later this person experienced the increase in value and that was the moment the phone will restart it and this guy said okay I must put more into Bitcoin and this guy restarted to regular bigger amounts of savings and that was the moment this guy realized yes it works but it needs time. I sometimes joke that Bitcoin technically hands down it's great and it proved to be great but I think what we miss in the whole equation is that people need more time to adapt

45:45any technology and it simply requires years and years and years and education and whatever to really get it and we are so lucky to be in this stage zero I still think we are at the beginning of something and we are very lucky to be at this stage. How long have you been already observing and being active in Bitcoin and because you're also working in Bitcoin now with like Satoch Laps and NVIDIA? It's a funny story because I started working when I was 14 years old because I read a book about investing and how to financial free them I said okay I will start working I will start earning money I will start investing and so I started as an assistant to the investment consultant and then I worked as an investment consultant and I worked as the financial analyst and I was on the I would say the other side if I can put it this way and I was obsessed

46:48with stocks and you know funds and investment funds and how it works but it was nice because it opened my mind to really understand what is the financial system and then I think it was in 2016 I met Slash the founder of the treasure and he explained me what Bitcoin is basically and my first emotion was it will not work because it's not regulated it's strange I cannot touch it and it's simply it sounds strange it must my first emotion. But since I already got some experience with the financial system how it works and I always asked myself so how the value is created I always asked myself like how value is created in

47:49the financial system why this stock is priced this and the other is not priced like that. So what is the real value and it was the moment I realized hey it doesn't matter that it's digital it doesn't matter that it's decentralized doesn't matter it sounds strange let's find out what is the real value and so it took a lot of coffee meetings with Slash but I must thank him because he was the one who had the patience to explain me and it took like six months I think and then I said okay I can at least test it out and after that I realized and it was really like life changing and it might sound like a buzzword but let me explain because it was real life changing because it was 2017 year after that and it was the moment I've already spent like ten years in the financial segment and to be honest I was exhausted

48:50like it turned out that most of the people these financial managers you know with big fancy cars and everything are not good people if I can say it and then I met this guy Slash like very modest guy very intelligent working on some new technology and I said I don't want to work in the financial segment anymore I want to work with these guys because back then it was not about money it was not about some fancy something and but I said it makes sense for me to be with the creators with people who create something then just with financial people who are just moving numbers from left to right and so I was lucky and I then got an offer to join the Tesla companies, small company back then and I was convinced that Bitcoin will probably die in a few years or maybe die but it will be like very low value but I will enjoy it with these

49:54creators and then 2017 bull run you know it was big I think it was the first moment that it will become popular amongst like regular people. 2017 was huge I think because every news outlet covered it it was discussed I was in a few back then it was discussed weekly some of them daily depending on what the Bitcoin price was and I remember that even though I was not in the Bitcoin back then I asked it up because there are so many different periods in Bitcoin as those euphoria moments of 2017 there are so many different periods of depression moments of 2018 2022 was also really bad that I remember that I was even worked in Bitcoin already and now we have 106 which feels different at least

51:00for me like I never had a year like 106 where we went of course down quite substantially from the all-time high I think we have the all-time high it like somewhere above 120 we went down to I think 58 57 the lowest point I don't even know what the price today is but a lot higher I think 80,000 or something like that so this year was not really at depression year it was not really a down year even though yes you do date we are down I still think but there was always a lot of movement there was always a lot going on and so with all your experience and like also seeing the financial side with the companies and all of that how do you where do you put 20 and the six and what do you think is is coming from from this 26 to 27 28 and in the future I keep asking myself this question ahead I do agree that 2026 is somehow strange

52:07and it doesn't fit into my mental model I created since 2016 because if you asked me I would say yes I believe in cycles and yes I understand it's not real I understand it's probably not going to happen again and yes I understand everything but yes I did see cycles in Bitcoin and I did believe in them and even as a company we bet on them 2021 and then again 2025 and this time is different and there is this saying that one of the most expensive saying on the wall street is this time is different maybe it happens in Bitcoin as well so 2026 if you ask me and that was the original question I have doubts what is going on because my original expectation was that now we will face a tough year 2026 I expected 2027

53:15the first half to be like a bottom like Bitcoin is that it's not moving it's not going up it's not going down it goes sideways we don't care about Bitcoin anymore everyone will be obsessed with AI and then I expected 2028 to be again interesting here halving and then again the bull run but it's not happening it's not happening I think Bitcoin is somehow still and a topic and my theory behind is that probably there is something going on with the world and probably the situation is so bad that Bitcoin is still interesting asset and some people think cycles are over some people think it will not happen again I'm not sure about that I'm not sure because the psychology of people is unfortunately extreme people wants to get

54:15rich overnight and people are super obsessed with going up and super pessimistic when it goes the other way so I think we will still see cycles on Bitcoin and for me it's 2028 so if you put a knife on my neck and tell us so how it's going to be I would say 2026 every year 2027 I expect more downside than the outside and then 2028 I think that is the right moment to really start preparing for a big numbers going up that maybe also just the CFO being conservative definitely definitely and I think it's and it's it's a it's a great point because experience when you experience something like 20 2017 and then this crash in 2018 it was it was

55:21horrible and 2019 it was one of the toughest year for our companies ever and then back 2021 big crisis price going down and it was not about Bitcoin going down but it was all about like no one is interested in Bitcoin no money flows into the segment no demand for Bitcoin related services products and everything so I think I still see these cycles from the past even though it doesn't make any sense to imagine them into the future but I always want to be ready for the worst case scenario so that's why I'm so pessimistic about the current and the next year and then I expect something better something like hope for the best prepare for the worst or something like that absolutely absolutely yeah that's I think that's this strategy and nobody knows what will happen

56:21but at the same time it's fascinating and I think there is philosophical portion in all of it and what I really loved about the cycles we saw in 2018 in 2002 was this kind of it's a challenge it's a challenge for the industry it's a challenge for the people it's a challenge for the investors and it was interesting to see how people reacts to it and I think in life and Bitcoin in you know business there are cycles as well it's not always going up only you must face it down and it was interesting to see some people said I'm done with this no Bitcoin anymore some people said okay let's do something about it let's work even harder let's prepare even greater products because the cycle can happen again and some people were kind of pessimistic and left

57:26or were demotivated left the company changed the segment and some people are just attention seekers so these people and probably some you know youtubers back then they just switched the topic because Bitcoin was not interesting anymore so let's switch to I don't know Tesla something or AI not back then in 2021 but something different and I think it was a test of the character so maybe that's why I still wish for cycles because from my experience it was a great test of the personal characters of the people in the Bitcoin and those who were patient those who did not stop working were rewarded and I think this is how it should work I don't think there's an easy way to wealth easy way to become rich easy way to anything and you must be the one who is brave we will jump into it at the worst possible time when everyone is saying

58:26no don't do that Bitcoin is minus 80% this is the worst moment no that's the best moment to start and I think it's the same here and that's why we in NVT try to tell these two people that now it's a test of the character and if you want to create something big if you want to create general ocean of wealth you are not able to build it overnight but I can tell you that in 10 years your kids will ask so what did you do back then and I won't have a good answer I won't have the answer that yeah I was I was there you know I was the part of it I believed and even and some people say but what if it will not be successful and I say I don't care because I will say I trust myself I did everything I could and even though I bet on wrong thing I was natural I was real I did my best and I was part of something I did the decision at least I think it was Dante Alighieri who said in the hell there is a special place for people who did not take any decision in the moment of crisis

59:37and that's interesting and I sometimes think about it this way that now it's time to take a decision you must take a part you you cannot be nailed so sorry this is just the philosophical aspect of the cycle I love that really because I think I I don't know if ever I mentioned that on the podcast but when I think about life decisions I always think a little bit of what would I do if a film crew is with me right now filming a documentary about my life and everyone will see that like what I did in that very moment and opting in for the most interesting story is a fun way to approach life because then all of a sudden a huge failure is no longer failure it's just interesting milestone in your own story I mean I don't know how I go into superhero stories but like if you see the classic superhero story he always gets the build up then a massive crash down where he's on the bottom where it's like the lowest point right before then he rises again

1:00:45and I think it's I think the life should be a little bit like your own superhero story where you should struggle you should go through that and not just checking out of it and if I got asked it the question myself sometimes of like what do you do if Bitcoin is failing and goes to zero I'm like my life story gets a lot more interesting definitely and at least we can tell our grandkids the funny story hey tell us how you lost everything in a bit coin again it was funny but now for real I think it is and it should be the part of it because of course there's always risk and I think if there wasn't a risk it wouldn't be successful because again I don't think there is a free launch in this where there is not a free wealth no you must do something for it about it and it's the journey of the character exactly I really love this mental advice like if there was a crew filming a document about me I will keep this one it's nice

1:01:51and there is one thing I remember when I started my career and I was this assistant of the investment consultant it was interesting to you know be on the meetings with the people and this consultant usually they did the financial plan for the people I think calculated you know the how much they must invest to you know create some wealth and then they can retire and blah blah blah and it was interesting to realize how people over estimate what they can achieve in a few years and they extremely underestimate what they can achieve long-term and there is a saying that this interest rate is one of the strongest power in the universe and people usually don't realize what it means 10% every year for 20 years and it can mean like life changing experience

1:02:57so that's why I think it's good it's good that there are some obstacles on the road same with Bitcoin and probably it's good that not everyone wants to buy Bitcoin immediately that everyone must find its own way to it and maybe that's the reason why some people will be I don't want to say more successful in terms of financial wealth but I mean they will be more experienced because they will face it face it face it face it every single day and those were in this as if they will not take any actions well why not okay but they will not accomplish anything flowing ad bunched on metrics that look great till the CFO sees them that's bullspend and marketers are calling it out in dashboard confessions I remember telling my boss it'll be good for the brand when leads were slow yeah it wasn't cut the bullspend linkedin lets you target by company job title and more advertise on LinkedIn spend $250 on your first campaign and get a $250 credit go to linkedin.com

1:04:05slash campaign term sick edition supply and the problem is here for it ready to make anything online make sense there's no place like chrome check responses set up require compatibility and availability very 18 plus was the compounding effects of this love to the samples and there's so many of them like if you drop on the middle of a biggest football stadium a small drop of water after like 45 minutes you barely see anything that's like a small puddles and after 50 minutes it's almost four which is like it's in those last moments where the compound growth really hits and the exponential growth really hits it's always I think we just can comprehend exponential growth and you investing coming back to what we talked about before

1:05:08just a little bit everything a week everything a month especially if you have a little bit leverage on top or like a little bit extra purchasing power like the extra 60% what in the office that really compounds quickly and not quickly in terms of you will be rich in like half a year but quickly in terms of you will build real generation wealth over 5 10 15 years or long periods of times also one thing I thought about because you brought up the houses it's a mine blowing all those for people when I bring the chart up what the average house in Czech Republic or like European Union or like just America or so cost it like 10 years ago 5 years ago 1 year ago and now and it just start with a few thousand bit coin and then a few hundred bit coin and then last year it was at free Bitcoin this year it's at 6 Bitcoin because obviously the Bitcoin price went down

1:06:09and so if you see a development of hundreds and thousands of Bitcoin to 3 4 5 Bitcoin you could imagine a house being priced at like one Bitcoin under one Bitcoin and you're like oh and coming back to the grand bus story you can then say yeah I bought a Bitcoin when the house that we lived in was not worth a 0.1 Bitcoin but it was worth 100 Bitcoin 10 Bitcoin whatever the thing is so I don't know it's all fits nicely together I hope absolutely absolutely and that's our mission in innovity to really show the path for the people and not only for the newcomers but these products as a turbo are designed for people who are in Bitcoin already because one of the risk is you will not get into Bitcoin at all okay these are newcomers we should help them to onboard but I think there is still a risk for people who are in Bitcoin who are saving into Bitcoin

1:07:12but maybe they are doing something wrong because I remember when I started my career and this investment consultant I was just an assistant I was sitting there listening and he always asked these people so how much are you investing right now for the future and that people answered like okay we are investing 200 euros per month and he asked them and why not 200 and 1 euro why not 250 why not 270 and they was always like what we I don't know what you mean and it was his way how to explain that we should start from the end because you must first define your goals and these goals were defined how much you must invest today and I have a feeling that some Bitcoiners are saving into Bitcoin but they should have a plan and they should realize that it will be much bigger of a challenge to acquire significant amount of the Bitcoin that's why we want to give these users more and more powerful tools and it's not only in VT-Turbo but we have one special product which should be released at the end of this year

1:08:24and it's an in VT Bitcoin card because we think that it's not only about building the wealth the fastest and most efficient way but once you are there you want to live more and more on Bitcoin only so you want to also spend the Bitcoin and so we are trying to be this kind of a no bank based on the Bitcoin which means we will help you not only to accumulate as much Bitcoin as possible in the shortest possible way because of this turbo special effects but also once you are there you are able to start using your Bitcoin account the same way as you are using your bank account and we decided that we will of course use these features banks usually use such as if you pay with our card we will give you some money back so we said that's a nice way but we will do it in Bitcoin so if you are spending we will give you back and sets

1:09:29so we are trying to constantly release new features to make in VT mobile app not only the best way how to accumulate the Bitcoin but also how to live off and we hope that in the future we will find ourselves and our users in the moment when you basically don't need that bank that you can operate everything only on the Bitcoin the same way as people are used right now and the reason why is that people want easy things and I know Bitcoiners who are using their bank just because it's easy or they are not using some Bitcoin features because it's too complicated so I think that's again one important thing how to make it as easy as possible for people because otherwise they will not use it so that's just a side note I think we have to... I actually gave a presentation on that note in Prague last year

1:10:34this year actually it feels like forever ago and I explained to... I related it to the car development and how the car was around since two decades before it really exploded the core technology of the car and how the car obviously got better but the moment the ecosystem changed was when the mainstream came in because at the beginning there were no mechanics the roads were not paved, there were no gas station so if you think about now having a car and there are no gas stations, there are no mechanics if something goes wrong and the roads are really shitty and not paved will you still buy a car most likely not, you will probably still stay with the horses and the carriages and all of those things so even if a product or something on asset is superior to everything else if it's not made super easy for the end users

1:11:35super easy to interface, transact, spend, invest in all of those things people will not use it the end user needs to be as convenient as possible for him and as quick as possible and there needs to be no friction in there especially now the least hard way completely else what we said before of like you should aim for the hardest way you should aim for the right thing but if you want to make a product make it as easy for the end users because people usually go that route that is most convenient and go the route of the least resistance absolutely I think the only hard thing should be the decision in the head but since that moment Bitcoin should be easy to use secure on few clicks but unfortunately some aspects of the Bitcoin are really complicated and it's true

1:12:41and it's a never ending story or a mission, more like a mission to deliver it in the most easy way but without compromising the original thing I still think that it's I really hope Bitcoin will not become just a regular asset and people will buy it through the ETFs and that's the end of the story so when I started with Bitcoin I was afraid about the price I was afraid whether it will go to zero but now there is another scenario and it is that Bitcoin will be super successful it will go to millions but it will not fulfill its full potential I think that's also a risk we will face in the future and that's why we think that we shouldn't concentrate the wealth and that's why and I will be a bit controversial here

1:13:41even though Michael Sealer is doing interesting things and he is popularizing Bitcoin and it's great I'm afraid that we don't want to see a too big to fail situation in Bitcoin I think the concentration of Bitcoin of the wealth of being like a spoke person of Bitcoin is not right and that's why in VT we aim for average user and we want average user to be saving his own assets and be able to withdraw any time into self-custody having the best possible features and products all in one click in one mobile application but be in control of it because otherwise I'm afraid it could be the best scenario for the Bitcoin so imagine it's a dream but it can be a hell at the same time so we will see I think we need the balance I think that's very important

1:14:42I think it would be a red flag and something bad if there would be no corporate adoption at all if corporate say I don't want to touch Bitcoin at all because that would mean there's some concerns from all the CFOs and all the financial decision makers and companies that would be a red flag but if then all the Bitcoiners are only with companies that's also something bad in my opinion in Bitcoin so there needs to be a healthy balance between Bitcoin held in self-custody, in individuals, Bitcoin being pushed on financial institutions and corporations. One aspect that always, usually not as covered is the corporate adoption helps a little bit with the retail adoption because they allow being for better rules and treatments of Bitcoin which sometimes helps also just for better rules around Bitcoin, taxes and stuff like that I just talked before with Pablo, also from Invitin, we talked about how different regions have very different focuses

1:15:48I have a similar experience with for example Germans because I'm from Austria they're very like, oh how's the tax thing going and this is that so yeah I think having adoption on all different levels with a very healthy balance is extremely important we should not concentrate too many coins which is fun because strategy has a lot already I remember two years ago when I was on the space and someone asked me if they could ever achieve 1% of the Bitcoin supply and I was like, I don't really see it but potentially and I was like, you have the probed-downed now you have like 4% of it so it's a fascinating story but something to keep an eye on because we don't want the adoption just on the corporate level even though some on the corporate level is obviously good Exactly, exactly I think this having balance in all things is that's the point, that's the message

1:16:53how to achieve that? Well I think it all starts with on the individual level so on you, on your company, on doing great stuff, on educating yourself, your family, your friends and trying to do the best and I hope this incentives Bitcoin created will work in the future I think it will and it should but at the same time, yeah I am a bit nervous about the corporations and the governments using some unfair advantages Are you more nervous around strategy or more nervous around maybe even coinbase holding a lot of the coins not just from strategy but from ETFs and all of that combined? Both both, so coinbase basically because that's a great question since we cannot really speak about strategy without mentioning coinbase

1:17:55because these pitcoins are held within the coinbase so the biggest honeypot right now is coinbase and even though I think they're doing a great job in terms of like business, in terms of the infrastructure they have very nice user interface, the UX is great, this is just my personal opinion but I like the app, I like how they do the stuff but at the same time it's a huge risk and I think for people, there's this principle like it's unimaginable until it happens and it was the same with the FDX, it was the same with now the cold card incident like you cannot imagine it until it happens and I think coinbase, I really hope they know what they're doing I think they do but at the same time I would appreciate diversification because I think and correct me if I'm wrong maybe

1:18:56it's not the actual state but as far as I know the only fidelity and their ETFs are holding it in their own setup but other ETFs and most of them are using the coinbase as well My hope is that over time more companies, more corporations and also ETFs and institutions do what fidelity does and not even just what fidelity does just use different providers because for me the biggest risk is actually not who legally owns the Bitcoin but where the Bitcoin actually sits that's where I ask a question of like I see coinbase, like strategy obviously is the big name, say list, the big one of the spokesperson's and it's like it's an easy, I don't want to say target for people but coinbase is the one actually holding the coins and I don't know if like I don't think all strategy coins are at coinbase they have some strategy

1:20:00but they hold a lot of coins, like a lot a lot of coins and so that's actually something I'm looking at and seeing this is a real concern not something, not concerning that it will hurt Bitcoin over the long run it's just something medium run because what happens if they I don't think it's possible that they all get hacked you know what I mean? Yeah, yeah and we can even extend this idea because it's not only about being hacked or having some infrastructural problem but I think it's even the sole fact, imagine we are the government and we will think about okay we need more money because we are spending too much, we must pay the debt, we must pay the interest rate so which assets to seize true taxes of course and I think the sole fact that it's possible to go knock on the door on a coinbase and say basically this is the place where the bitcoins are

1:21:07is dangerous because if the diversification is done correctly the government will not even think about it because it wouldn't be technically possible to do some moves, some actions towards the bitcoins and bitcoins but since it is possible I think it opens a dangerous door mentally to even think about it so it's another aspect to it I think it's a good aspect One question that I asked every single one of my new guests that are for the first time ever on the show is what can we learn from you besides Bitcoin? What is something that you are doing, you are teaching or learning completely besides the topic of Bitcoin and finances? I will mention at least one thing and it is that people want to build financial freedom for example

1:22:09but it's not everything I think people overestimate that they will be happy once they are rich and it's not true so that's why I realized at some moment that I should also focus on my health, mental health and the physical health and it doesn't make any sense to have all the bitcoins of the world without having an ability to really enjoy it and so I think this is the aspect I would give outside of the Bitcoin that people should be very careful and of course now it's a bad word like longevity and this kind of stuff but don't speak about longevity I think it's about the mental health and I think it's becoming more and more dangerous in the current world to find happiness so for example myself I don't use any social media I don't have Instagram, I don't have any TikToks and this kind of stuff, I don't even know how it works

1:23:13of course I have a Twitter account and of course I must have the LinkedIn account but to be honest I do not check them regularly, I don't go there I use AI to summarize what is going on in the crypto and Bitcoin space on Twitter because of course it's part of my job but I think it will become more and more dangerous and hard to find real happiness and I think people should think about it right now and they should implement it into their strategy because people are able to create a strategy, I want to accumulate this amount of Bitcoin because it will allow me to buy a real estate pay for my kids' education and have a great vacation but that's not all, that's not all and people should think about what they would like to do, how they would like to spend their time and how to defend their focus and their attention

1:24:14and I think this is going to be a new currency of the world, it's attention so when we speak about Bitcoin as a currency and the great new money, I think the real money is our attention because our attention means time so and now back to the Bitcoin I think people should try to buy time and that's why I want to become financially freedom because I want to buy time and I want to have control over my attention so that's the philosophy behind and I think people shouldn't underestimate it I love that especially because I mentioned sometimes on the podcast I measure the money I have, not in euros or Bitcoin or anything else, I measure it in time so I have a routine every month, I sit down and see what I have, what's going on in the financial world

1:25:14like in my own financial world because sometimes it gets chaotic and then I see at the end of the day what do I have in time left if I completely stop every single income that I have right now like how many days, weeks, months, years do you have to live with your current expense rate with your current liquid network what is there as a buffer, I mean you as a CFO, we do a lot with the company and also with your personal finance but I always love to just look at the time number and not at some euro amount or Bitcoin amount because that doesn't mean anything to me, that doesn't mean anything material people also ask that question a lot like how many Bitcoin to retire? What is rich because when you said that once you get rich you don't mean that happen

1:26:16it's my first question was because people also ask me what does it mean to be rich what is the number, is one Bitcoin is it? 100 Bitcoin? What is the number that all of a sudden are rich? I think it's an individual thing if you live in New York City and you need 10K a month to live the number must be a lot higher than if you live in the suburb country of Czech Republic and have maybe 2 to 3,000 a month that you need or maybe even below that if you're a single person so it's wealth is a thing a lot better when measured in time Are your ad campaigns lighting up the dashboard but not the pipeline? That's bullspend and marketers are calling it out in dashboard confessions My boss asks for results so I open my dashboard for the only positive sounding metric I add Impressions Cut the bullspend, see revenue, not just reach LinkedIn delivers the highest return on ad spend of major ad networks

1:27:16Advertise on LinkedIn, spend $250 on your first campaign and get a $25 cried at go to LinkedIn.com slash campaign turn sick edition supply This episode is brought to you by Google Chrome You think you know a browser but Gemini and Chrome? That's new It can help you with practically anything on the web Like restoring a vintage motorcycle from a 50 page restoration block Or finally break down that long article you've had open for weeks Gemini and Chrome is here for it Ready to make anything online make sense? There's no place like Chrome Check responses set up require compatibility and availability very 18 plus This is great and I really love the way of thinking Because every time people think about financial freedom They and that this is my experience because I mentioned I worked as an assistant and then I worked as the investment consultant So finally it was you know my meetings with the clients talking about things and it was I'm really glad I had these experience Because it was interesting to speak with people about wealth about money about their life goals

1:28:19And maybe to learn something from them and It was interesting yet like people started with you know these amounts and everything but it all starts with my own need So it depends how much you spend That's the real figure And I always told them I had a list of like people from the music industry which you got bankrupt People from the Hollywood which bankrupted and I was showed them it's not about income These people had a very significant income and they still bankrupted So it's all about how much you want to spend And you should start everything with your spending And then on top of that you must build everything around with some reserves here and there and everything And it required people to really think about their life

1:29:20So my conclusion always was that to be financially free it's not about the mathematics it's not about the amounts Yes, it's important but it all starts with the mental understanding of what you want to do with your life And in this way I think it's kind of fair I still believe this world is fair in a way of course in a way that you must do the homework It all starts with you thinking about things, understanding things, define them in your mind And that's why I think this and that goes back to my previous answer about the mental health Because I think these days it's very easy to not think during the day I'm in the work I must focus focus focus And once I'm home I just open the Netflix and I see some film on series of something and I'm just consuming

1:30:27But I think the real idea starts when there is a silent when you have finally time to think about stuff to speak with your inner something even about the financial goals And it's a harder and harder for people because there are big corporations fighting for our attention And so that's why everything starts and ends with the attention in the head I think I love that and especially I see it from the greater side and I see how nuanced those algorithms work to capture you and how great they are in doing that You have to fight against it, you have to really like it's hard to strike a balance between being completely isolated from the world because there's so much going on on those platforms You mentioned it Twitter and LinkedIn you almost have to be on there if you're working in the industry

1:31:32But now thanks to AI tools we have really great tools We have an Android team as you might be aware of where the previous case is asking a question for the next guest without knowing who the next guest actually is And the previous guest asked you the question what is economics to you? What is economics to me? So I'm not a PhD professor so I will not start with some explanation but I will probably say it's cooperation Because there is this nice saying from Uri Carpich it's economics and he's great mind I think he wrote a lot of books And he has a definition which is something like I would try to translate it but he said basically that money is the records of good actions

1:32:38And it's a kind of a memory of these good actions So if money is a memory of good actions economics for me is the cooperation because without cooperation there is no extra value and without extra value there is no output There is no economics there is there is nothing I think so I think it's cooperation Interesting I love that Thank you so much before let you go we are going to go to people with discussion on social media but we are going to find you the company the things you are doing So definitely it would be nice to check in with you we are on social media and of course true our company accounts I am there as well so in with you it's definitely something to check and our mobile app Check our products check our turbos I have a lot of presentations on YouTube I spoke and presented this turbo on the Bitcoin Proc so for those who are curious there is a very nice presentation

1:33:47It's only 20 minutes and it explains everything it explains in a bit the our mobile app the turbo products and everything so that's where to find me Awesome thank you so much step on for for being on the podcast and also thank you so much for everyone that is watching and listening for joining us today is always I'll be back Awesome thank you so much amazing thank you This content is for educational and entertainment purposes only and does not constitute financial advice Nikki Glazer this stunning tour the thoughts of death I don't like to dwell on them for longer than like 10 or 15 hours a day so November 19 Yama Vaughe theater no wonder women rushed to have kids were being trained for it since we were kids they're like here's a baby doll here's an easy Bay Covent I got one of those I stuck my head in it I was like I want out of this narrative tickets on sale now at Yama Vaughe theater dot com don't miss Nikki Glazer Yama Vaughe theater

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