Is Bitcoin a Good Investment?

It seems like the whole internet is blowin’ up over Bitcoin and Cryptocurrency.

People are asking me whether I think it’s a good investment, how much should they invest, and how much do I own. Let’s start with the first question…

I own some Bitcoin. A while ago, a company hired me for a speaking engagement and paid me 50k in Crypto. I took 10K out and left 40k. I haven’t thought about it much but now that 40K is worth 950K.

Is Bitcoin a Good Investment For You?

Most people spend their time thinking about how to get Rich Quick. Sure, it sounds good. But I’ll tell you, I only know how to get rich one way—For Sure.

You see, I invest my money in real assets—things that I can touch and feel, that have an address. I don’t speculate or try to time the market, and that’s what investing in Bitcoin is—pure speculation.

Bitcoin Is Not Investing

 

Think about it, there’s a reason why the 1% are all in the real estate game but cab drivers and weekend investors are talking about Bitcoin.

People are told to hold cash or put their money into funds that profits the managers whether the market goes up or down. Now every wants a piece of the latest and greatest, cryptocurrency.

Answer a few questions about Bitcoin:

• Does it give you tax advantages?
• Does it provide income/cash flow?
• Does it depreciate?
• Does it give you leverage to invest in other assets?

The answer to all of these is NO—it’s not a protected asset. I won’t deny that Bitcoin deserves some attention, but no one can predict what will happen with Bitcoin, crypto, or whatever you want to call it.

When Should You Invest?

To get rich for sure, you have to play a big hand on a Sure Thing. If I’m going to gamble, I’ll go with the best bet. That means income and protected assets, not Bitcoin. I’ll be the first to tell you, I’m a coward when it comes to investing. Speculating with money terrifies me. I would rather put my cash into assets that give me advantages and that are REAL.

If you have 2K, 5K, or 10K and you’re thinking about investing in Bitcoin, don’t. Take that money and invest in yourself. A lot of people want to know what’s the right investment strategy but they don’t have enough money yet—they’re just BROKE.

Get the income up first, invest later. If you want to learn how to generate more income, join me and other influential business leaders at the 2018 10X Growth Conference.

 

Investing in Real Estate

The top 1% invest in Real Estate. They’re not caught up in the crypto craze like everyone else. You know why? Because it works…

If you have the right time horizon and invest in good markets, income producing properties have proven to appreciate in value over time

Think about it—The banks, the guys that tell you to put your hard-earned money in stocks and mutual funds, don’t have their money there. They put it in Real Estate—and I’m not talking about single-family homes or duplexes—I’m talking about monster deals.

Why don’t you invest in these deals? Maybe you…

• Don’t know how to find good deal
• Can’t get approved for financing
• Can’t afford the large down payments

What if I get the deals, make the down payment, get the financing, and was able to give you access to these monster deals?

I created Cardone Capital for this purpose. I admit it’s not for everyone. I’m looking for investors who love real estate, can hold their money for 10 years, and have at least 100k to invest. If you’re interested in joining me and investing in real estate, send me over a quick message. If I’m not available, I’ll get back to you soon. Message me here.

 

Be sure to also check out my weekly Real Estate Podcast. Subscribe here.

Be great,

GC

Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the “25 Marketing Influencers to Watch in 2017”. Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.

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