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Jaspreet Singh

👤 Speaker
2690 total appearances

Appearances Over Time

Podcast Appearances

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Now my speculative, that's things like crypto, things like startups, things that can go up very fast and also fall very fast.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

So I am not a crypto expert.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

But I started seeing this idea of Bitcoin back about 10 years ago.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Started buying a little bit of it.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

And then when Bitcoin started to shoot up, I started selling some of it so I can buy more real estate.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

But for me, I understand that Bitcoin can go up very fast.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

It can also fall very fast.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

I think there's a lot of opportunity with it.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

I like the idea of diversifying against the dollar.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

But I don't... It's hard to fully grasp...

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

The true value of something that you cannot see, feel, and touch.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Because if we were to go through a recession, people need food.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

And Bitcoin prices, crypto prices in general, are a lot more volatile than other assets.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Like we can look at when 2022, stocks fell by 20%, Bitcoin fell by 60%.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

2020, stocks fell by 30%, Bitcoin fell by 50%.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

And we just see a lot of big swings up and down with Bitcoin.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Now that's kind of just the general nature because it's a newer asset.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

But if now I run into a situation and I'm in a recession, I need to sell,

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

there's a good chance that I'm gonna sell whatever assets that I don't truly believe in for the long run.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

And if I don't see a immediate value with Bitcoin, I might sell that.