Jaspreet Singh
👤 SpeakerAppearances Over Time
Podcast Appearances
Now my speculative, that's things like crypto, things like startups, things that can go up very fast and also fall very fast.
So I am not a crypto expert.
But I started seeing this idea of Bitcoin back about 10 years ago.
Started buying a little bit of it.
And then when Bitcoin started to shoot up, I started selling some of it so I can buy more real estate.
But for me, I understand that Bitcoin can go up very fast.
It can also fall very fast.
I think there's a lot of opportunity with it.
I like the idea of diversifying against the dollar.
But I don't... It's hard to fully grasp...
The true value of something that you cannot see, feel, and touch.
Because if we were to go through a recession, people need food.
And Bitcoin prices, crypto prices in general, are a lot more volatile than other assets.
Like we can look at when 2022, stocks fell by 20%, Bitcoin fell by 60%.
2020, stocks fell by 30%, Bitcoin fell by 50%.
And we just see a lot of big swings up and down with Bitcoin.
Now that's kind of just the general nature because it's a newer asset.
But if now I run into a situation and I'm in a recession, I need to sell,
there's a good chance that I'm gonna sell whatever assets that I don't truly believe in for the long run.
And if I don't see a immediate value with Bitcoin, I might sell that.