One Thing: Day 347: Gold, Silver, Musk and Bitcoin
Day 347: Gold, Silver, Musk, and Bitcoin
Yesterday I was explaining my level of euphoria for Bitcoin and my three reasons why.
One reason should have been that Elon Musk can send a tweet and the price of BTC drops 17% yesterday?!?
Translation: Volatility on steroids.
Nothing for me has changed with the 17% drop…
I’m not out there shopping for crypto due to my boredom, my inability to stop looking at FB, and focus on MY LONG TERM GOALS.
Speaking of my wife’s long-term goals and shopping…
Is it possible to get retail therapy covered by insurance?
Asking for a friend.
Your ONE COACHING THING Today Is:
‘Currency versus Investment’
Yesterday I got an INSANE number of questions regarding my thoughts on Bitcoin.
To answer the main question you asked:
‘Do I think crypto is for real… do I think it’ll stand the test of time and avoid government regulation etc..?’
I think over the long haul BTC goes to $100,000… but I think it’s a VERY VERY bumpy road between where it is now and that point.
Please note: I’m not pretending to be an authority of BTC.
Not even close.
Here is what I do know, when I want to learn something… I don’t go to the “Influencers”… I go to the “Practitioners”.
The one’s DOING IT not the ones trying to sell you a course on it.
The “Influencers” talking about it don’t know where money comes from or what a real “currency” is.
Gold, Silver, Copper etc… plus BITCOIN are forms of ‘currency’, not ‘investments’.
Like I said yesterday the key to a good investment is that it’s ‘productive’.
A ‘currency’ is productive because it allows you to purchase something.
Its value will determine how much you can purchase.
Even though Elon Musk says he’s in on crypto, until can buy something with it… all forms of crypto, including Bitcoin, are speculative.
If and when that does happen (you can buy toothpaste with it)… you’ll see a monster spike in the value.
Will it happen..?
That’s the million (trillion?) dollar question.
My goal for you and your high-end coaching clients is to READ / LEARN rather than guess and play ‘follow the influencer’.
A great book on this topic is ‘The Bitcoin Standard’
If this is of interest to you, slow down, read it and form your own opinion.
You heard it here first…
Obsessed with your business coaching success,
Karl Bryan aka King Karl
PS. Don’t bother walking a mile in my shoes… that’d be lame. Spend 30 seconds in between my ears and I’ll freak you right out.
PPS. Marriages break up from lack of money… over lack of love X 100.
Business failures lead to destruction, addiction, depression, anxiety, suicides, and unfortunately, far more.
As good business coaches we save marriages, save families, save kids from self-destruction… we save lives!
A true life of purpose.
PPPS. If you’re looking for a proven system to follow for your coaching…. I created business coaching software and high-end step-by-step training to support it…
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Imagine finding your annual $12,000 to $50,000 coaching fees BEFORE you started coaching your new clients?! And a proven coaching system created for you to follow with your new coaching client.
Reply to this post if you want to start following a proven coaching system.
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Karl Bryan gets clients for Business Coaches...period. He is the Founder and Editor-in-Chief of The Six-Figure Coach Magazine and Chairman of Leader Publishing Worldwide, home of the largest private community of Business Coaches (24 countries and counting) in the world.
His goal is straight forward… to help serious coaches/consultants get more clients.