The Levels of Wealth In Crypto

Lark Davis

Introduction to Crypto Wealth

There are 8 billion people on the planet, but only 21 million Bitcoin. After accounting for lost coins, this means approximately 0.002 BTC per person, valued around $200 at current prices. The speaker believes Bitcoin could reach $1 million per coin within 10 years, taking the entire crypto market with it.

The Five Levels of Wealth in Crypto

To achieve financial freedom through crypto, one must climb five levels of wealth:

  1. The Pre-Crypto Checklist:

    • Build a budget
    • Pay down high-interest debt
    • Create an emergency fund
    • Diversify investments
    • Build an investing strategy

  2. Get Off Zero: Buy your first cryptocurrency, likely starting with Bitcoin. Use trusted exchanges like Crypto.com or no-KYC exchanges for privacy.

  3. Stacking Satoshi:

    • Study market cycles
    • Split your portfolio into short-term and long-term holdings
    • Use profits to increase your Bitcoin stack

  4. Whole-Coiner Status:

    • Aim to own one whole Bitcoin
    • Invest in the right coins at the right time
    • Understand how money flows through the cryptocurrency market

  5. Financial Freedom:

    • Protect 95% of your wealth
    • Have fun with 5% or 10% of it
    • Build something within the industry
    • Diversify and optimize tax strategy
    • Live your best life with the freedom to choose how you spend your time and resources.