Welcome to the Stay Wealthy podcast. I'm your host, Taylor Schulte, and today I'm sharing my thoughts and takeaways from last week's Bitcoin episode.

A special guest also drops in to share his point of view, including why Bitcoin should not be used as a store of value.

So if you enjoyed last week's interview and you're

craving to hear a different perspective, today's episode is for you. For all the links and resources

mentioned, head over to you staywealthy.com forward slash 108. On December 6th, 1999, Amazon stock closed at a record high of $106 per share.

Just seven weeks later, on January 24, 2000, the stock tumbled to $61.

And the trend continued.

On July 24th, six months later,

Amazon tumbled to $30 per share.

And the bleeding didn't stop on September 24th, 2001,

Amazon stock closed at $5.90. So after reaching its all-time high of $106, the stock was

nearly cut in half in less than two months time. And then in less than six months, it was down

70%. And in less than two years, Amazon had dropped 95% from its all-time high. And what most investors forget is that there's

actually another 50% plus crash in 2005, 2006, and the stock, it wasn't in the green until 2009.

Today, as most of you know, Amazon is trading at just over $3,000 per share, a 50,000% increase

from its low in 1999. And Amazon story is not unique. Microsoft fell nearly 75% following the dot-com

bubble, and it took 17 years to get back to even. Netflix in 2012 dropped

82%. And these are the lucky ones. Since 1980, 40% of all companies in the U.S. stock market

have experienced a decline of 70% or worse without ever recovering. All of this to say that

investing is hard. Investing in individual securities is very risky and even some of the greatest

companies in the world have taken investors on a wild ride. As Ben Carlson put it, if you would

have put $10,000 into Amazon's IPO in 1997,

...