I will be talking less about Copy and business in this issue of WYODC Weekly.
Because there’s something important I feel you should at least learn about if you really want to write your own damn check.
And that’s the power of Cryptocurrencies.
No. I don’t mean you should go out of your way to buy Bitcoin or Ethereum right now.
In fact, I don’t exactly know what trend we are in now.
It can either go all the way up and we see a massive breakout to the moon…
Right now, it seems to be breaking out… but we’ll see.
Or we may see a short-term correction…
The reason I took the time to write about Crypto to you today is because I believe it’s worth your attention.
This year, governments all around the world have been cracking down on Cryptocurrencies.
Whether is it in the USA, China or even Singapore…
If governments all around the world are paying attention to that… then I think it’s worth our time to figure out how Crypto works.
So we’re able to leverage the upcoming wave of exponential technologies brought by Cryptocurrencies (DeFis, NFTs).
I believe it’s gonna help a lot of people retire. (Provided you know what to do to take advantage of this trend.)
Btw, Kenneth bought Ether at $1000 at the start of this year and today it has already 4Xed.
Personally, I bought Ether at ridiculous prices 4 years ago.
Today, I only regret not buying more because I didn’t really have a solid understanding of what that was back then.
I don’t want to go down the rabbit hole of explaining to you everything about how Crypto works and everything because it can get really long and it’s really difficult to share in an email.
But… I’m gonna give you my thesis… and a few resources about how you can start learning about Crypto so as to cut short your learning curve.
My Thesis on Crypto: (On why you should care)
In a nutshell, I feel that there are massive opportunities in Crypto because of the Fourth Turning.
The basic idea is we, as citizens have grown to be so skeptical of public institutions that the government loses control.
While we’re watching The Fourth Turning play out in real-time, one of the biggest concerns people have is with the current financial system (with banks… mutual funds, etc).
Think about it…
The average American employee (let’s say they know jack about business or investing)…
They take on debt to go to college…
Let’s say if they take Gary Gensler’s (the chairman of the U.S. Securities and Exchange Commission) advice to save $5 a week and make 8% a year on compounded interest…
… Btw I don’t think making 8% a year on your money is possible unless you invest yourself.
Most mutual funds have way lower performance…
Not to mention most banks don’t offer annual percentage yields of more than 1.5%.
This already means that half the advice isn’t possible for the average Joe out there.
Let’s say they get married and they buy a home…
They’ll be stuck having to pay off their college debt or mortgage…
Moreover, it’s highly unlikely that their salaries will rise unless they’re in the right field…
They’ll be stuck with stagnating pay + higher expenses.
And if you factor in the inflation rate… this will mean that their savings will slowly and steadily erode away. (Inflation is a form of hidden tax btw…)
The crypto community believes that banks have all this power because people are accustomed to putting their money in there and they take this money to make it work for themselves.
To put it bluntly, you’re making the bank rich if you’re saving your money there.
I think people have been alright with this all this while because of how fiat money operates.
It doesn’t make sense to store all your fiat money at home.
What if you get robbed or your house got burgled?
And so banks came into power in the late 20th century because of the general need for everyone to store money. (Of course, that’s not the only utility but I’m gonna make things simple here.)
From the crypto community’s perspective, banks have made themselves rich at the expense of the people.
The average Joe is certainly getting the shorter end of the stick.
Now I’m not exactly sure if Crypto has a good solution for this… we’re still in the early stages of development and to be fair, there are a lot of problems.
But if this industry is sucking in all the world’s greatest talent – from academia to software to science.
Then we should pay attention to it.
I think you should be looking at it from a long-term investment perspective… and not from a short-term MMC (Make-Money-with-Crypto) view.
I can’t emphasize this enough.
Don’t be greedy for short term gains.
I’m looking at Crypto/DeFi from a long-term view and I think that its applications can be insanely useful and revolutionary.
That said, I wanna share 2 pieces of resources I’m currently using to learn about Crypto.
The first is Bankless.
Bankless is a really comprehensive guide to Crypto, DeFi, NFT laid out in an easy-to-read newsletter format.
I highly recommend this because it’s super easy to follow (unlike watching a Stanford’s or Berkeley’s lecture about Crypto which is 1 or 2 hours long that goes deep into the technicals).
What I like about Bankless is that it really gives you the fundamentals and principles of Crypto in a very clear, digestible manner.
You really need to know why it exists if not you wouldn’t buy it.
Check out their free content.
You can buy their premium membership if you like the podcast and you find them useful.
The second is Real Vision Crypto.
This is a series of free interviews on Crypto and its technologies (This is recommended if you would like to learn about the tech behind how crypto works.)
The interviews are free and it’s even available on Youtube for everyone to binge-watch.
So yeah, I hope you got some value out of today’s issue and you can see some utility in Crypto.
Despite what some politicians are saying… I think Crypto is here to stay and it will only grow bigger and badder from now on.
P.S: Last week, Mark Zuckerberg announced that he was rebranding Facebook to embrace the Metaverse.
Btw, the Metaverse is the concept of an immersive virtual universe (think Club Penguin or Habbo Hotel… but in a 3D format.)
The most fascinating thing about Crypto is that it’s really huge.
From the Metaverse to DeFi, gaming and NFTs… you name it…
There’s just so many applications.
Applications which are growing in utility and aren’t going away.
This is a great space to watch especially if you want to create more wealth in the next 20 years.
Btw, you also don’t need a lot of money to start getting into Crypto.
If you have the right skills (Copywriting/Media Buying), it’s possible to get a cut of the pie too.
One simple thing you can do starting from now is to start looking for clients in the Crypto space.
And if you want to start learning about Paid Media, it’s probably a good idea for you to check out Justin Brooke’s Adskills program.
If you’re a business owner, affiliate, or freelancer this deal is a no-brainer. You spend more on pizza and tacos each month than what AdSkills costs.