Crypto is a scam.

I’ve been in the world of crypto just long enough to have experienced multiple cycles and to start seeing some patterns.

After crypto reaches new highs, it will inevitably come crashing back down to earth.

When this happens, I see so many people give up on it and say “crypto is a scam.”

I tweeted this the other day:

The reality is that ANYthing can seem like a scam if you don’t truly understand it or if you only get exposed to the bad parts of it.

But there is a bigger picture these people are missing.

When you don’t invest, you willingly take part in the biggest scam of them all.

The devaluation of the dollar.

When more money is printed, your money is worth less. It’s a very basic concept.

Over time this gets worse and worse.

For example, just since the year 2000, the dollar has lost over 56% of its buying power.

Prices of things get higher and higher as a result, so you need more and more money.

And the unfortunate truth here is that if you aren’t investing your money, you will never be able to keep up.

But the good news is that you CAN do something about it.

I’m a big believer in starting small and working your way up from there.

Learn about each different type of investing and then just start on your journey.

You won’t regret the mistakes you make while you learn. You will regret never starting.

Here is a video about where I invest my money that might give you some ideas:

See you next time

Andy