788-Why I Got Bitcoin Wrong: An Apology

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.2 • 1.9K Ratings

🗓️ 20 May 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2013, Bitcoin traded for $85 per coin. Today, it's at $40,000 per coin. I never once told you to buy Bitcoin. In today's show I'll explain why and I will apologize for that oversight.

Joshua

Transcript

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0:00.0	Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge
0:03.3	skills, insight and encouragement you need to live a rich and meaningful life now, while
0:07.8	building a plan for financial freedom in 10 years or less.
0:11.6	My name is Joshua Sheetz, I am your host.
0:14.1	Today on the show, I want to share with you why I was wrong about Bitcoin.
0:24.4	Bitcoin has been a subject that I've probably rather obviously avoided here on Radical
0:34.0	Personal Finance.
0:36.0	It was not my intention to avoid this subject.
0:39.5	After all, in some ways, I'm the kind of person who is very well suited to be a Bitcoin
0:45.6	enthusiast, what is more radical in personal finance than pursuing new forms of monetary
0:54.3	value, new markets, et cetera.
0:57.9	But it's something that I have generally avoided.
1:00.6	I've answered a few questions here and there when people call in with Q&A shows, and there's
1:05.6	a reason for that.
1:07.2	I want to articulate that reason for you, partly for my own personal accountability.
1:14.3	I believe that it's very important for me to be honest with you, but partly because
1:20.0	I'm seeking to learn the lessons from my mistakes so that I don't repeat them in the future.
1:27.2	I genuinely believe that sometimes you win and sometimes you learn.
1:32.7	I genuinely believe that.
1:34.4	I do not believe that there is any shame in being wrong, which is a little bit ironic
1:40.6	as I elaborate on why I was wrong about Bitcoin.
1:45.5	I don't believe there's any shame in being wrong.
	...

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