A client with a business in Venezuela tells me that he wants to learn how to manage his treasury: $BTC
But he tells me he’s going to take out a loan to buy 0.5 $BTC with a friend from the same line of business (auto parts sales) who charges 5% per month.
Financial illiteracy in 🇻🇪 is more common than we think.
I tell him he has to change his mediocre mindset to a strategist’s mindset. And I show him this outline.
Mediocre mindset:
"I can’t pay for Bitcoin at $80,000"
Strategist mindset:
"I can’t pay OR even have Bitcoin at $80,000"
You don’t need to buy a whole Bitcoin.
You can buy $50 worth.
Or $10 with each surplus of your business’s free cash flow.
Bitcoin is divisible up to 8 decimals.
0.00000001 BTC = 1 satoshi.
The richest people in the world are accumulating satoshis.
While you wait for it to become "affordable" through 60% annual debt.
Start instead by accumulating with a little but consistently.
Any amount.
Today.
But he tells me he’s going to take out a loan to buy 0.5 $BTC with a friend from the same line of business (auto parts sales) who charges 5% per month.
Financial illiteracy in 🇻🇪 is more common than we think.
I tell him he has to change his mediocre mindset to a strategist’s mindset. And I show him this outline.
Mediocre mindset:
"I can’t pay for Bitcoin at $80,000"
Strategist mindset:
"I can’t pay OR even have Bitcoin at $80,000"
You don’t need to buy a whole Bitcoin.
You can buy $50 worth.
Or $10 with each surplus of your business’s free cash flow.
Bitcoin is divisible up to 8 decimals.
0.00000001 BTC = 1 satoshi.
The richest people in the world are accumulating satoshis.
While you wait for it to become "affordable" through 60% annual debt.
Start instead by accumulating with a little but consistently.
Any amount.
Today.