Gary Cardone: Why Bitcoin Will Hit $1M: Gary Cardone Explains | DSH #1459

Super rich, diversifying.

In fact, Warren Buffett was so smart, along with his buddy Bill Gates,

Warren taught Bill out of diversifying out of Microsoft.

If he wouldn't have done that, he would be the richest guy in the world.

Now, that's interesting, isn't it?

That is interesting.

Okay.

They literally, he literally taught.

Summit.

Thanks for coming, man.

Yeah, good to be here.

What are you looking to get out of this event?

Just meet an awesome human being like you.

If I can meet one awesome human being a year, it's awesome.

Let's go.

Bitcoin just hit a deal.

Bitcoin just hit an all-time high yesterday.

Speaking of all-time friends,

great friends to meet or Bitcoin.

Bitcoin's a very interesting

industry, I think, that people are waking up to.

You've been in it for a while, right?

I've been studying it since 16.

Did not have the courage to go into it in 16.

I said, don't want anybody to think that I bought $700, $800 Bitcoin.

I wished it would have been pitched to me differently.

Had it been pitched to me correctly, I would have most certainly

gone in.

But I was involved in a really large business, so I had my attention on something else.

In 2018, I started buying some.

And in 2020,

it's funny, you know,

I have to

make an investment in a space, whether that's a girlfriend or a business or an investment opportunity.

I have to put some money on the table to get interested.

It's just I like having a little stake.

Like I show up here, I do a podcast with you, right?

I make the commitment first.

And so I bought a little Bitcoin.

And the more I studied it, the more I started looking at all the plumbing for my energy background and my payments background.

and realized that we are moving into what I call the digitization of Earth, planet Earth.

The entire planet is going to be digitized.

There will be a day where I am no longer allowed on the highways driving my little analog because I'll become the variable, right?

There just becomes, I'm not going to go back and listen to vinyl records and only be able to carry 12 songs with me in a big briefcase.

So information is being compressed.

We're moving through,

you know, a technological revolution, very similar, I think, to discovering fire.

And then we discovered wood and then we discovered coal and then we discovered natural gas and then we discovered nuclear.

And we're just making this really heavy-duty technological progression where money that moves really slowly

and never settles is going to be like a stone wheel driving down the Tampa highway, right?

The wheel definitely does turn.

It does turn.

It works, but it's going to crush quite a few nice vehicles in the space.

And they're EVs, they're doing their job, right?

So it's just, this is just about a revolution of change.

And to not see this, many, many people will be left behind in this opportunity.

And many people, guys like me, are having an opportunity, another opportunity to make life-changing, extremely powerful and monetary

pivot, like a change that's really substantial.

Life-farming, legacy-changing,

most certainly going to alter the trajectory of the Cardone name.

My brothers plow into this thing now so heavy.

And every smart businessman will plow into Bitcoin very heavily once they understand what Bitcoin really is.

Do you have faith in the dollar at all, the U.S.

dollar?

Uh, relative to what?

Other currencies, I guess.

To the Chinese won, sure.

To the

Euro, which is like a complete trap, the Euro.

I uh the dollar is going to survive.

I do not think Bitcoin is Bitcoin is not going to harm anything that's strong.

Bitcoin doesn't attack strong players.

If you're if Bitcoin is not a threat to anything other than those in the middle who are extracting value for doing nothing, And many times you're extracting value because the system is broken.

Literally, the plumbing problems of moving money very, very rapidly

is the problem.

They're making fees that way.

Bitcoin

is like mercury.

It's going to seek out in

just like AI is.

I think AI, people thought, oh, AI is going to replace the burger flipper.

My next surgery is going to be done by a robot, folks.

All right, guys, Sean Kelly here, host of the Digital Social Hour podcast.

Just filmed 33 amazing episodes at Student Action Summit.

Shout out to Code Health, you know, sponsor these episodes, but also I took them before filming each day.

Felt amazing.

Just filmed 20 episodes straight and I'm not even tired, honestly.

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Yeah, code's unique.

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peace i am not hey i'm i don't want human era risk i want the robot to do the surgery

see see that's it i don't want any human era i can invest in bitcoin now i have no 401k exposure i have no sc exposure i have no letters that can come to me about your ceo just got shot oh he died in an airplane uh he's had an affair he was at the epstein island whatever I have none of that with Bitcoin, right?

And Bitcoin is literally just looking for avenues in the marketplaces where there is either an arbitrage.

An arbitrage is, hey, let me exploit this big gap that's just sitting there.

Right.

Right.

And or it's going to exploit the gaps that are just grossly inefficient, like 20 and 30%.

credit card processing for digital assets.

That's crazy, right?

People are literally paying, merchants are are paying 15 to 20% fully loaded, chargeback management fees, refunds.

All those fees are starting to cost the merchant.

The merchant now is no longer very competitive.

Why?

Because Amazon can take all these losses.

They don't care.

Visa Mascar do not treat Amazon the same way they treat your merchant process.

You make a few mistakes on your merchant processing, your banking is shut down, done.

History.

If you try to go get multiple banks, they then claim that you're filing multiple bank charters and doing odd things and you have LLCs.

But in fact, all of these people are doing workarounds to work around all the rules that were built in the 70s, 80s, and 90s, never anticipating an anonymous marketplace where people are buying and selling between each other, services, and products.

And they have the zip codes are a thousand miles away from each other.

There's distributors in between vendors.

So it's,

this is what happens when

you open the pipes to the whole world and people begin doing commerce between each other.

We most certainly need a neutral currency.

Think of Bitcoin in Switzerland.

Switzerland did pretty well for a long, long time.

If you think we're digitizing, there is only one neutral.

So if money is going to be moved between polymarkets, now that we're not globalizing, then where are they going to trade won to euros euros to dollars but there is no neutral all these people who can be playing games with their currency right we know that because you can't i would play games with my currency also if i was in control of it right it's natural right if you could manage your time and go hey i'm gonna steal time from that guy over there and grab it for myself you most certainly would do it yeah right if you're late for an important meeting I'm gonna grab an hour.

I'll give it back to him later.

You start manipulating things.

That cannot happen with Bitcoin, which is really fascinating.

Yeah, because actual currencies are manipulated.

Like that's been proven

always.

Because

they can be, right?

They can be.

And if they can be, they will be.

Yeah.

Because it's the easiest thing.

It's, it's very much like heroin.

Okay.

I mean, you're not going to leave a heroin addict with a bunch of heroin in the bedroom and then go, hey, I'm going to trust that you're not going to use this.

He probably won't use it in the first hour.

But when the pain gets big enough and bad enough, it's only the heroin that's going to stop the pain.

The currency is, hey, let me flood this market with enough juice that everybody gets calm.

And that's going to be $1,000 a month or $1,000 a quarter.

Here's

your SP program.

Everybody has a baby.

We're going to give you $1,000 worth of SP.

What they should have done during COVID, PPP loans, $1,200 each.

$1,200 in Bitcoin, don't sell it.

That $1,200 in Bitcoin would have been, was priced at around $8.

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$7,000 to $8,000.

Okay.

That today would be worth

$6,000 or $7,000 and growing

from the $1,200.

And it would have taught people how to save and invest.

We do not, this country.

does nothing to teach people how to invest their money.

Nothing.

They don't teach you that the escalator does this.

As you get older, the escalator of inflation does this to you.

And you're getting older.

So it's getting more and more difficult.

You have less and less energy.

Right.

And if it keeps doing this, companies cannot grow 10% a year, every year, every year, every year.

Sooner or later, you fall over because you can't make that number.

And

Bitcoin is allowing me to almost defy gravity.

It's because I'm not having a race in every race.

I'm not having to get in every race.

You young guys, you're like, okay, where's the next lane I can get in, man?

You're running in this lane, but you're also looking for another lane to like, you know, really, what's the word for it?

Leapfrog.

We want that quick money.

Yeah.

Yeah.

You want to leapfrog, which is smart, but you can leap from one problem to another problem to another problem and never make any progress.

Yeah, that mindset of the younger guys, they want instant gratification, fast money.

I don't know if that works.

It works for very few.

Just find three people who've made enormous amounts of wealth and retained it in a very short period of time.

That's a key word, retain it.

Retain.

Let's go to Vegas.

Let's go to Tampa.

I can make a lot of money in an hour.

Can I keep it?

Can I walk out the door with it?

Okay.

Having paper profits, like I'm up 400% this year on my Bitcoin.

It is paper.

I haven't liquidated this.

It's just a piece of paper right now.

It's not real.

Okay, my cost base is real.

And my continued decision to buy Bitcoin every month is real,

irrespective of the price.

This has proven to be for four years.

In fact, this has proven to be for 16 years.

A brilliant strategy.

Do you have an exit price in mind?

I don't have an exit price in mind.

I have a...

duration term.

Okay, I think in terms.

And there is no, if you go into an investment portfolio with my brother, for instance, on

apartments, I know you've interviewed him before.

You will sign a document that says you're in this deal for 10 years and he has the ability to extend it for 10.

Every, I built five or six different businesses.

Every one of them have taken me no less than seven years.

And one of them is going on 16 now.

I still haven't been able to get completely out of the deal.

So owning, building companies, which every one of you guys want to do.

Everyone.

I hope you guys are enjoying the show.

Please don't forget to like and subscribe.

It helps the show a lot with the algorithm.

Thank you.

For.

And then, if you're one tenth of 1% of the successful people that

build businesses, which are less than NBA basketball players, you would be more likely to become a football player, dude, with your little skinny tall thing

than becoming a one in 100 entrepreneur that makes $50 million.

So the odds are really, really low.

I now look at Dick, and why are the odds low?

Because human era is so high.

Right.

Okay.

You're held.

28.

You're 28.

At 32, you'll meet a girl.

Your agendas will change.

Her agendas changes.

Maybe you get sick.

Maybe you make a lot of money.

And you're like, bro, this is enough for me.

And you and I partner and we partnered for 10 years.

I partnered to do a billion.

You're like, I'm good with 100 million, man.

And then you're out.

Okay, well, now I have a problem because I involve myself with another human being.

Whereas Bitcoin, I don't have a HR department.

I don't know how many you guys love that HR department.

Okay.

I don't have any salesmen that want continued expansion of bonuses.

They got to tell me how great they are.

I have hardly a secretary.

I don't have any legal documents.

No one sends me an NDA to sign.

No one sends me this big farm.

I don't have to hire a lawyer.

Every time I look at a deal, I got to hire a lawyer.

And

I have an asset I can invest in.

I own real estate.

I own private equity.

I own energy.

And I look at Bitcoin and I'm like, I have no exposure to this whatsoever.

this is a unique opportunity of no exposure i must look at this

and uh my now my life has been looking at new things i love looking at new things it keeps me very young i've been in four or five industries i'm an example for you young guys you do not need to get stuck in an industry okay i have expertise in crypto i have in four years i have shown,

I mean, one thing I am really good at is action.

The card owners are good at action.

I met a guy that was very, very deep in the crypto space three or four years ago.

He said, what are you going to do here?

I said, I will in two years know every swing and dick in the crypto world.

And I know everybody.

It's a cool industry because, and there are jobs here.

This is not just about Bitcoin.

I know guys your age being offered jobs at Bitcoin strategic corporate reserve companies, 200 large a year.

Wow.

Okay.

And they were doing podcasts and they started studying all the funds and Bitcoin.

They know enough to communicate and articulate this subject matter.

And they now are having Natalie Burnell just got a role at Simlar.

Wow.

Joe Burnett, awesome young man, right?

Does the podcast, puts the orange tie on.

He's got a role at a company.

And we're going to see, I've been saying for three years, this is an industry.

There will be millions of people employed here.

And we do not care if you have a resume.

We don't care if you have a college education.

In fact, I would prefer you not to have that.

All we need is that you had good parents.

They taught you some good ethics and responsibility.

You know how to show up early and you know how to stay late and you know how to ask questions and learn with a big old smile on your face.

Unbelievable opportunity.

You're looking at a guy who, had I not ended up at the right platform and then been willing to leave and go for the right platform for Gary's personality, I would literally have been nothing.

But I found the right platform and it allowed me to be like I found my little, what I'm really good at.

Most people just don't spend, they spend time,

you spend more time looking for a girlfriend than you do looking for yourself.

Facts.

Once you look for yourself, man.

Okay, I really wish I would have listened to people.

Like I got married when I was, I think, your age.

I should not have gotten married.

I got socially pressured into getting married.

People were going, hey, man, are you gay?

I'm like, I'm not gay, dude.

I just, I just, you know, I

don't let social pressure mess you around, man.

Listen to people that

listen to people you respect.

Okay.

Like, and that you can take home to your parents.

Right.

But like, you can't just be, oh, wow, that criminal.

Okay, that guy, that guy.

People, people bitch about CZ at Binance.

Yeah.

I don't know one human being that's gotten rugged by binance he looks like a very legit guy works worked his ass off

um

there are a lot of very impressive impressive personalities in this industry and the key for you guys is if you try to get into the energy business one you don't have enough money two it'll take you three or four years to get real meetings

In the payments industry, I was spending $12 million a year with one of the card payment companies.

Jeez.

I couldn't get a meeting with the CEO if I paid them.

Wow.

In this industry, call Mike Novogratz up.

Hey, Mike,

or email, Mike, I like, I'm coming to New York, would like to see.

No problem, Gary.

Come on in.

We'll have done it.

He doesn't even know me.

I've never been told no in this industry.

Wow.

You give me an open door.

Knock, knock.

What do you do?

How can I help you?

Oh, there's a gap.

I can help you with this gap, sir.

My God, man.

Like, why wouldn't you want to plow yourself right into this space?

And this is coming from a guy that's like,

I've been in the largest industries in the world.

And

this will not be true in three years.

You will not be able to call the CEO of Nat Dig, like, to have a meeting.

Now, I have a bit of a reputation.

I haven't blown my reputation, but

it's not easy to get these meetings.

And when you can,

there will be a day when this door is not open to everybody.

There's just zero blocks because this industry wants to learn from other people.

This is a very progressive ideas industry.

Hey, how do we the enemy is out there everywhere?

It's literally inefficiency.

How many banks shut you down when you got in the crypto space?

No banks shut me down.

Really?

I've had more problems in the legacy banking.

So one of the businesses I built was Chargebacks 911 is a fraud solution for merchants online.

And 600 million chargeback disputes a year.

Jeez.

600 million.

Okay.

That's a fraudulent, massive problem.

And the funny thing is, if Visa and MasterCard really wanted to solve it, if the FTC wanted to solve this, they could literally make four phone calls.

I've told them exactly who to call and it would go away.

Half of it would go away.

It was nuts.

So out of 600 million, what percentage of those are actually fraud, do you think?

Less than half.

Okay, that's still a good amount, though.

That's a lot.

Way less than half.

Most of it's plumbing problems.

Plumbing problems.

Yeah, or cyber theft by consumer.

Okay.

Consumers buying something, buys some shoes, wears them out on a Saturday night, and then Sunday calls in for the refund.

It's not Amex, you went every chargeback.

Amex, because they're closed loop, they have both sides of the chargeback.

It's a very much more difficult to file a chargeback, an illicit chargeback on American Express.

The funny thing about chargebacks is

the payments world is a very large world.

It's the entire planet.

The chargeback problem is only apparent and consistent and persistent and growing under chargeback, under Visa and MasterCard logos.

Really?

It is only in that ecosphere where you have this problem.

Ant Financial cannot even come into the United States because they have no mechanism for the chargeback protection.

And the chargeback protection itself is a way to keep the monopoly or the duopoly in place.

And it's going to be destroyed by crypto.

Damn.

They're making so much, they're making $8 to $12 billion a year from this problem.

Holy crap.

Collectively, 20 and 30% of their total margins are made from value-added services.

It has nothing to do with credit card process.

No, it's literally fees from the plumbing.

And all of that's going to move.

These fees are getting so high now.

A guy, an adult guy, a dating guy, gaming guy, a gambler is paying 20% of his ticket.

That's insane.

Okay.

So $100 ticket, wow, you're paying 20 bucks.

Google right now, if you do a release on this thing and you do Google and somebody sends you 200 bucks because it was a good interview, they're going to take 33%.

Jeez.

Now that, if you guys all in political, all you guys are Republicans, hey, maybe we need to tell Google, you're a utility, dude.

You cannot charge 33 cents on the dollar every time somebody gets a tip.

I mean, that's heinous.

If Exxon did that, what would we be doing?

Rioting in the street?

Yeah.

Rioting in the street, man.

What if Visa added a zero to their rates?

They're right now, they're at three and a half and we're bitching.

30%.

Okay.

Like, I've stopped.

I asked no one to send me money.

Do not send me fiat through Google.

I don't want them to prosper more from that.

This is a utility now.

It should be a highway, man it should be like oh they get two cents for it two cents for whatever the the freaking tip is it's just 33 i've probably lost millions on fees now that i think about it oh for sure because i take card payments and it's three and a half percent plus the chargebacks and everything yeah for sure nuts i just got my uh gemini credit card crypto companies are launching credit cards now that's right four percent cash back in crypto load them up pretty good right yeah now so so where are you in your bitcoin journey so i have five bitcoin um i have a lot of Ethereum, a lot of Solana.

Yeah, crypto changed my life.

I became a millionaire off crypto.

Well done, man.

I mean, that's crypto's changed my life.

Dude, you guys need to listen to this guy, okay?

Yeah.

Have you sold?

What mistakes have you made with that?

Selling, yeah.

That's my big, if I didn't sell, I mean, we could all say this, but I needed some liquid at the time to buy the house.

But yeah, I sold pretty much.

Buying the house was a mistake.

It was, but

it's good that you can have that.

It's a bad investment.

Eight percent interest on a $2 million house.

It's a lot of money.

Yeah.

Well, the real interest is, when did you buy it?

Last year.

Yeah.

Well, the real interest is the 40% that you left behind on Bitcoin.

Exactly.

So it's 48%.

And the 8% is just going to keep doing that.

Every month.

And so is the Bitcoin.

So you're going to get Roger to death.

You're going to be at 8%.

And then you're going to be at probably, I think Bitcoin goes up.

I mean, if I came to you and said, hey, look, I'll do 20 years with you.

I'll guarantee you a 12% interest rate.

Would you do that?

Yeah, 12%.

You're just rich.

Every two and a half years, your money would double it at 12%.

Bitcoin will do 23 plus percent.

A year?

A year.

For the next 10 to 15 years.

You're that confident?

Dude, 86% of my net worth is in Bitcoin.

Damn.

Okay.

And I actually own, I would go to Grant tomorrow.

I've got, I don't know, I'm in three or four or five funds with Grant.

Yeah.

I would take a discount.

You would get out and put in Bitcoin?

Yeah, and I like it.

I mean, listen, he's paid me.

I get paid every month, 40 or 50, 60 grand a year, a month.

Been a great, it's a zero hassle, no problems.

But with that investment, I can't just call him up and go, hey, I want to out, man.

It's not liquid.

It's in a fund.

Yeah.

Can't.

With Bitcoin, that would be a two-minute walkway.

Plus, you could take a loan out again.

I wouldn't even have to sell my Bitcoin.

I could just call Binex or Binance or Coinbase and go, hey, man, I got the 100 Bitcoin I want.

Loan me $10 million.

Loan me a million dollars.

Right.

And I'm doing that now.

I am borrowing money below what you're paying for your mortgage, man.

Okay.

There's going to be a, I told Grant this, I think Grant's really understanding this now.

Grant's real estate, every time he stacks Bitcoin into his real estate, he is going to wake up one day and the banks are going to give him cheaper money.

than the guys that are just stacking fiat into their real estate.

They're going to look at the collateral that he's correlated and attached to his real estate and value that collateral more than the real estate itself because of its liquidity capability.

It's instant.

I can smash sell this thing on a Saturday afternoon.

Crazy.

Or I can smash it into your wallet on a Saturday and buy super cheap real estate from you because nobody else can transact on a Saturday except me.

That's a big old gap.

Yeah.

Oh, wow.

I bought a company, spent, I think it's $4 million on a a Saturday afternoon, literally bought a company with Bitcoin on a Saturday afternoon from five different exchanges.

I think that put me in a better position than the guy that was waiting to bid on Monday, right?

Probably.

The guy on Monday, you know, he'd already missed his target.

So

the cool thing about Bitcoin is that it is a settlement deal.

Once I send it to you, we're done.

I have no worries about anything that's going to happen after that.

It's your problem.

And I like that kind of finality.

I restructured along with 100 different men the entire energy platform in the United States and Europe.

There's no refunds.

There's no chargebacks.

If a hurricane blows through the Gulf of Mexico, the market now,

there's no force majeure.

It's like I bought 400 million barrels of oil.

You're showing up with the 400 million barrels of oil, Exxon, because we structure the market correctly.

And that's really what Bitcoin is doing.

It's a restructuring of the marketplace.

So would your advice to younger people, would it be to buy Bitcoin before buying a house?

I would never, buying a house is the worst investment you could possibly make.

It is absolutely stupid.

And

if you ever want to do a podcast for your team, I will take you through the numbers, the numbers, and bring your girlfriends and wives.

The numbers will rip your face off.

No one looks at the numbers.

Okay.

I've owned, I don't know, I've got a daughter that's lived in 14 homes.

She does not know the difference between renting the ones we rented and the ones we owned.

Oh, you didn't sell her?

Why would it matter?

Did you rent this booth or do you own it?

You rented it.

You should be ashamed you didn't buy this whole convention center.

So you could do this one hour here.

You guys shouldn't be buying cars for $80,000 either.

If you make $100,000, you cannot afford an $80,000 car, man, just so that you look like you got a big long cock.

It's stupid.

It's stupid, right?

Buy an Audi, rent, Uber, buy a shitty truck, man.

You don't need to look cool.

I could have worn a fancy suit and

I'm going to be just me, just exactly the way I am.

I don't need to get myself in leverage to look like Billy.

Billy, most billies fail.

They end up broke.

98 of the people around you end up broke and unhappy

okay they can't even bury themselves this is america and we can't even bury ourselves there's very little dignity at the very end so if you don't think money is important wealth is uh

wealth is like

i'm not a stupid guy i should have enough power to have a voice that has some weight and meaning behind it right you there's a lot of creation that's coming in your your generation You guys need to, you would never go into a war without some Kevlar and a gun.

That's exactly what money is.

It's Kevlar and a gun.

It's ammunition.

It's energy.

It's fuel.

I have a very nice car that got me here.

If I didn't have any fuel in it,

it's useless.

Right.

Okay.

I am the engine

and I need fuel.

And this, you guys are F-16s out there and you don't even know what your loading mechanisms are, the weapons.

Where are the weapons?

What's my journey?

Where am I I going?

Oh, I'm going there.

No, I'm going there.

No, you got to focus, man.

Hone in, target track.

That is a tremendous lack of focus.

Like,

people ask me, hey, because I'm not a brilliant guy.

People go,

how did you accumulate this much success?

And it's, dude, I focus.

I mean, I am not smart enough to do three things at one time.

But one thing I can do better than most people

because I become obsessed.

If you could find your obsession,

if you can find that obsession has served me extremely well.

And I've had so many people, dude, try to walk me off the obsession.

Calm it down, make it a little great.

No, I'm crazy, dude.

I'm crazy good.

You just got to channel it in the right way, right?

It has to get focused.

And you notice people that are really brilliant, but they're all over the place.

Right.

Well, now you're a liability to everyone.

You know, but when you're focused, man, it's like, it's hard for you to, like right now, it's hard for you to not to cut this interview because you're like, man, this is alpha.

This is like, this is really rich

data.

And it is most importantly the most rich data.

I mean, you got me thinking, man, because like a lot of people say Bitcoin's at all time high right now.

And,

you know what I mean?

Like hit them yesterday.

118.

And they're saying like, well, there's a lot of fear-mongering too on the other side of like, if you buy now, you'll sell it all, honey.

Yeah.

Sell it to me.

Tell you what.

If if you're scared when you are going to sell and you're going to sell to hands like me and my buddies, I have so many buddies in this space now who we will, we will buy every fucking piece of Bitcoin you sell us.

And you guys can go buy the XRPs and the Sleepy Ds and the DP and the memes.

I am going to get extremely rich.

Bitcoin Maxi.

I am going to get so stupidly rich.

And I don't, I wouldn't really call myself a Maxi.

The moment this trade no longer offers this asymmetric, you will hear me go, I'm off, I'm out.

I'm not a forever guy.

Okay.

I will sell every Bitcoin and I will take this money and I will make it, turn it into good, for good use.

It's the only thing I,

I don't need another car.

I do not need another watch.

I don't need another villa.

Don't need another wife.

Right.

I can only go on so many fancy dinners.

I don't drink $8,000 bottles of wine, don't care about it.

What I don't have is enough high-quality friends, high-quality mentors,

high-quality people and teams.

I can, hey, let's all go play poker together.

You know, when you're rich, man, you want other people to be rich around you that are nice so you can go hang out with them.

And

you want your buddies doing well.

One thing you're going to find is one of your buddies is going to do really well and you guys are going to get a little like, oh,

you support him, man.

Okay.

Like he's got there first.

It doesn't matter.

You're not, this is not a race with anyone but yourself,

right?

It's not a race with anyone else.

You can't be me.

I've seen that jealousy and ego ruin friendships.

Oh, so it ruins the person.

It's like the biggest failure people make in business is they don't first look at who they are.

Like, you have to inventory yourself.

You are the asset.

Okay.

My ability to take action is a superpower of mine.

Once I knew that, I realized, oh, other people overthink.

Okay.

Once I know something, I don't need to keep telling myself over and over why it's real.

I need to move into freaking action, which is place a bet.

Okay.

Take action.

Say yes.

Okay.

Like commit to the date first.

Yes, I'll go there with one meeting and then you okay, I'm going to New York.

I committed to a meeting in 10 days.

Surround me with 18 other meetings.

I just got to get out of thinking and into doing

as I do with focus.

I don't pull the trigger on the gun unless I got my,

I'm not just

right.

I aim, point, I point, aim, and shit.

Precise.

Your ability to take action.

Why do so many people struggle with that?

You think

taking action?

Fear.

It has to be fear.

And it's interesting because

the doubt.

So you have a thesis, and the thesis is, she is beautiful.

I need to go meet her.

What you need to do is just bang.

You've already made the preeminent decision.

She's beautiful.

I like her.

Now you're going, what am I going to say?

No, man, move right now.

Just, and then just as soon soon, because the more you think about it, you're going to, well, that isn't really cool.

And now you're like spinning down this

little story with yourself and you're having a relationship.

Just go up to her and go, dude, you're so beautiful.

I'm scared to say hello to you.

Right.

Hey, Gary, I love the way you think.

I'd love to figure out how it could work with you.

Whatever.

But just move into movement really, really rapidly.

And as soon as you do that, your confidence is going to grow.

Okay.

And this is very

important on investing.

This is why I say, I buy.

Once I say, okay, I'm going to go buy $10 worth of that because now I have a, I'm in the game.

I bought a ticket, right?

I don't watch much sports because I don't buy tickets to them.

So ah,

but if I buy a ticket, okay, I'm going to watch the game.

You know what I'm saying?

I'm actively,

I'm participating now.

And looking at it from the sidelines, I'm not really in it.

And I think you need to buy enough enough to really get your attention.

So, that one action, though, it got me out of okay, and hopefully, price goes up a little bit or whatever.

I have a good experience.

I'm not talking about taking blind action and like blowing your legs off,

which most many people do on a regular basis.

But once you know something,

play with it, test it.

And that the action of getting in the game gets me over that first fear.

That first,

hey, when do I walk across the street?

Yeah.

So when do I tell someone, hey, I think I have some artistic ability?

I had to go through this.

Hey, I think I have some artistic ability.

Well, I can sit there and talk about it.

I can go read books on art or I could pick a pencil up and start doing something.

Right.

Hey, really?

Let's go paint and just go do.

Yeah, because there's so many people that read books and they don't take any action.

Yeah, well, and reading is awesome.

I don't think people read enough, quite frankly.

I mean, not like people, if you want a superpower, read one book a week.

One book a week.

And start with either Think and Grow Rich by Napoleon Hill

or The Greatest Salesman in the World by Agmendino.

And I don't care if you're a salesman or not.

Every human being should read The Greatest Salesman in the World by Agmendino.

If you read this book and actually read it and understand it and do it, it will change your life forever.

Wow.

Forever.

There's the one gift book that I'm like, man, this book really helped me become me.

It's about sales?

No, it has nothing to do with sales.

Wow.

Don't judge a book by its cup,

right?

But I think people do not, you guys are not reading enough.

Learning is not sitting in a spaces

and on X listening to so-called experts that you don't even know if they're experts.

Like, check out your sources really carefully.

Do not take advice from anyone that doesn't have seniority over you.

I do not listen to anyone that doesn't have more money than me.

Really?

About money?

No chance.

Okay.

I don't talk to people about relationships who aren't happily married.

Like, hello?

Why would I ask that guy, right?

Yeah, don't like, I don't, I have never, I've been married three times.

I have never asked my wife about an investment.

When I've never married an investment expert,

my wife has no clue what I do, and I am not even going to ask her.

It's none of her business.

This is my job

to take care of the family.

So, you don't talk about business at all with your wife?

No.

Wow.

Never, never.

If people totally separated.

Well, I'm not married anymore, but yeah,

I don't ask her about her expertise.

Okay.

I don't interfere with whatever her deal is.

If she knows about something else,

I don't get into it.

So again, I'm very focused,

but

I see people going to their parents, asking them for financial advice, and their parents have $70,000 in the bank.

Yeah.

I'm like, why would you listen to him?

Okay.

You need to be diversified, son.

Oh, really?

How'd that work out for you, Dad?

Because you're broke, dad.

Okay.

Like

diversity is not the way to make money.

It's the way to protect money.

People that diversify have lost their conviction on what it is they're doing.

And it's okay.

Maybe you got lucky.

Maybe you're like, hey, I don't want to do this anymore.

I don't want to have to have a conviction.

I like these games.

But some people, they make $100 million.

They're like, I'm done, man.

I don't want.

I'm just going to invest in real estate and do some of this and do and get my little dividends.

That's awesome.

But diversification, you cannot show me one human being other than those who inherited it.

And I would say they were not diversified.

They inherited it.

There is not one story of anyone that got super rich, diversifying.

In fact, Warren Buffett Buffett was so smart, along with his buddy Bill Gates.

Warren talked Bill out of diversifying out of Microsoft.

If he wouldn't have done that, he would be the richest guy in the world.

Now, that's interesting.

That is interesting.

Okay.

They literally, he literally talked Bill into diversifying.

Funny that story because Warren ended up having 72% of his entire portfolio of four stocks.

Really?

And everybody thinks Warren Smith's a diverse.

Wow.

Extremely concentrated investor.

Extremely concentrated.

He actually has a good, it's a really good message for you guys.

He says, hey, he tells his students, think that over your lifetime, you will only ever be able to make 10 investments,

10 decisions in your whole lifetime.

If you make three of them right, you'll be fine.

Interesting.

And that is, that has been

90% of all the stuff I've done, I shouldn't have done any of it.

It was a waste of energy.

It was the heavy-duty stuff, the stuff that could really hold my attention, everyone, and extreme concentration.

I like what you said at the very beginning about being a CEO and how hard it is, because I think entrepreneurship is glorified these days.

Yeah, one of the hardest things in the world do, okay?

Like, most people are not cut out for it.

And if they are cut out for it mentally, they're not cut out for it experientially.

I was not ready.

People, oh, you've been a CEO your whole life.

I was extremely immature.

And until about 34, I was massively ill-equipped to be a CEO.

Wow.

Massively ill-equipped.

34.

Yeah.

And

then I was in England for four years too, but I was just immature.

And I was unskilled in certain areas.

There's things I didn't know, but I was good at a couple of things.

And that carried me through.

Making money, I've always been really good at, you know, turning the wheel.

But

I think the other thing is that I'm a really good CEO between like zero and 100 people.

At about 150 people, I become, as soon as HR shows up, I need to leave.

Really, it becomes too programmed and we start settling for the medium.

And I actually just want to hang around with champions.

I have zero interest in hanging around with mediocrity.

I've never been that mediocre guy.

I don't want to be the mediocre guy.

There's plenty of people that can do accounting better than me and do meetings and speak and do all types of things.

I'm good at a few things, and I just think you let your champions go champion and let the people that...

serve champions, the followers and the servants, and there's nothing wrong with that, by the way.

I was a soldier, warrior, water carrier for many, many years.

And then one day you wake up and you go, hey, I'm the chief now,

but I know how to carry water too.

Like, and you would love working for me because you're like, oh, wow, he's been in the trenches, man.

Yeah.

He knew, he knew the guy's response before I even went to the meeting.

Gary was like, oh, I told you that was going to happen.

And that's really valuable to have somebody there that's,

you know, empathetic.

a lot understanding, but also is pushing you.

Yeah.

I need somebody to push.

Like, if I left on my own, I even right now.

Oh, even today.

Wow.

Like, this lady that's working with me, her job is to push me.

Wow.

Hey, man, get my schedule.

Manage me.

Manage me.

See,

yeah, I need to be managed.

Is that a, that's not due to lack of motivation, though?

What is that, Yvank?

I don't, I really don't know what it is other than

I know that I need, I work better when I'm in a smaller team and I am managed, that I'm more responsible to someone else than I am myself in a way.

Interesting.

Problem with guys like me is I have a daughter that's like me,

and we can make a lot of mistakes.

Because you're moving so fast.

Well,

I can make up for a lot of mistakes.

That's the problem.

I can catch up quick.

I'm okay with making mistakes because I am really, really comfortable with fixing them.

What I'm not comfortable with doing is seeing an opportunity go by and I didn't, I didn't play with it.

That's really painful for me.

Right.

Seeing a real, like seeing Bitcoin and not taking a part of this,

I couldn't sleep at night.

Yeah.

I literally would go to sleep every night going, what is wrong with you?

Or what is wrong with you?

You knew this was going to happen.

This is going to become a $100 trillion asset

in my lifetime.

That's a 50x for me.

We will hit a million dollars in the next four years no way we will be a oh we will be a uh

15 trillion dollar industry within four years wow which is a little bit less than a million dollars that's nuts man that is so nuts so you're going to become a billionaire oh yeah for sure i think the way max kaiser talks about it is cotillionaire Cotillionaire means you're so close to a new event that the shift of power and money changes because you're so close to that innovative moment.

I think it's an awesome cotillionaire.

Most certainly, the trajectory of the Cardone name because of Bitcoin, and I do include my brother in it, my brother is going to make more money than he's ever made.

Really?

More off real estate?

It's going to blow his mind.

She became a billionaire off real estate.

It's going to absolutely blow his mind.

Watch what happens.

Wow.

He will be

staggering.

And

this generation of investors that's coming in here, you watch him because he is a subsection.

I was before him.

I'm always a little, I'm a, I'm a little crazy.

Well, I'm not, I'm not very conservative.

No.

It doesn't mean that I'm crazy.

It just means I'm willing to really open my mind up to a lot of different things.

And he's like.

hyper, hyper, hyper focused and he will not lose anybody.

I mean, he goes to, we go to a casino together.

He's betting 25 and I'm betting a little bit more than that.

But he will,

he, his conviction,

because of his ability to do this action thing, see, okay, I'll buy 100.

Okay, I'll buy 150.

Okay, I'll buy a thousand.

And as he gets positive feedback from it,

wow, I like that.

I like that.

He just keeps going, right?

And he starts winding up very fast.

These people will not take the time.

to go, oh, I'm going to check and wait back four years.

I'm going to deploy 2%.

Let's do a a chunk.

Let's do another chunk.

Oh, I got a problem over there.

Let me solve it with Bitcoin.

Oh, I have this debt problem over here.

Let me solve that with Bitcoin.

Everything he ends up with will be attached to Bitcoin.

His 10X medical business, it'll have Bitcoin stuck all in it.

I love that, man.

Gary, thanks for your time today.

I've learned a lot.

I'm going to buy some more Bitcoin myself.

Where can people find you and learn from you?

Where can people support you?

Yeah, at Gary Cardone, I do spaces

Mondays and Wednesdays.

I do some YouTube things.

On Sundays at 10:30 a.m., the thing I do that I'm most proud about,

Sunday at 10.30 a.m., I know all you guys have great churches and leaders and theologists to go talk to, but I started doing something about a year ago in October.

4,000, 10,000 people show up on a Sunday morning, and we do what I call the church of I am because I'm so irritated with all the churches in the world.

And it's not a religious thing at all.

It's a

get your head wrapped get your head right to not only be successful in business but successful in life yeah i love it love to have people there rumble twitter x doesn't cost anything it's uh

when 4 000 people showed up one morning i'm like wow man well done no advertising and uh it's really the feedback i'm getting from

18 year olds to their dads saying, hey, I'm watching this with my entire family on Sunday and we're getting better and we're getting richer, and we're happier.

That's really cool.

We'll link it below.

Thanks for your time, Dan.

Thank you, buddy.

Yeah, appreciate it.

All right, guys.

Peace.