Gary Cardone | Why I Put 86% of my Wealth into Bitcoin
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 14 March 2025
⏱️ 97 minutes
🧾️ Download transcript
Summary
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Rob speaks to Gary Cardone about his massive bet on Bitcoin, with 86% of his liquid wealth invested in the cryptocurrency. Gary shares his views on money, dismissing diversification as a myth, while explaining why he sees Bitcoin as both protection against failing systems and an opportunity for unprecedented wealth.
Gary Cardone REVEALS:
- Why he has 86% of his liquid net worth in Bitcoin
- Why he believes diversification is a myth that keeps people from getting rich.
- That he doesn’t trust the government and banking systems
- How he has prepped to be self-sufficient and ‘been ready for 30 years’ for a crisis
- Many Bitcoin owners are unprepared for tax obligations and audits
- He sees Bitcoin as a "time machine" that will accelerate returns beyond what real estate or other assets could provide.
- How he minimises his income to avoid taxes, preferring to build wealth through appreciating assets
BEST MOMENTS
"I think Bitcoin is an unbelievable call option on the future of digitising planet Earth and without me paying an extra penny, it is an insurance policy”.
"Most of the people on this planet that have a shitload of money, they didn't go to school.”
"I call them degradings accounts, not savings accounts...because they're not savings you are losing your money, but being marketed by the banks and the governments that you're protecting your money."
"This theory that I need to be diversified is a joke. It's not, that's not true. Nobody gets rich being diversified."
"Bitcoin is the only time machine I can buy. And once you start playing with it, you're like, oh, this is going to cheat time."
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
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Transcript
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| 0:00.0 | Gary, how much of your net worth is in Bitcoin, cryptos? |
| 0:05.0 | I hear it's quite a lot. |
| 0:07.0 | Well, the question is it liquid net worth or total net worth? |
| 0:12.0 | Because it's very different numbers, right? |
| 0:14.0 | Yeah, total net worth. |
| 0:15.0 | Well, I actually think total net worth is a really misleading number |
| 0:20.0 | because it would indicate that I've made a decision |
| 0:23.2 | to not allocate. Let me talk about liquid net worth and how I define that. And then we can talk |
| 0:29.6 | about total net worth. Liquid net worth about 86%. And total net worth is probably, well, let me answer it this way. |
| 0:38.7 | If all of my assets were totally liquid, it still would be 86%. |
| 0:44.8 | There are assets that I have that I cannot liquidate. |
| 0:48.5 | It's just not possible. |
| 0:50.2 | I might be able to borrow against him, but it becomes very, very complicated to do that. |
| 0:55.2 | So if these assets were liquid, they would all be moving into Bitcoin. |
| 1:00.1 | Does that not feel overexposed in one class? |
| 1:03.6 | I think it depends on what you're trying to achieve. |
| 1:06.9 | Overexposed for me, no. |
| 1:08.8 | Because see, the important piece is, remember, it's a liquid net worth. |
| 1:13.8 | I'm pretty responsible that my kids are going to be fine, even if this goes to zero. In fact, |
| 1:20.5 | I have more certainty that my children will be okay if Bitcoin goes to zero than I do if Bitcoin |
| 1:26.0 | goes to $10 million each. Like if Bitcoin goes to zero, then I do if Bitcoin goes to $10 million each. |
| 1:28.1 | Like if Bitcoin goes to zero, my children are going to grow up just like you and I did. |
... |
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