Episode 21, FIVES 2 of 250: What is Bitcoin? The Beginner’s Guide to Digital Money

the Weekly FIVES Series [2 of 250]: This episode covers macro and market updates, the FIVES challenge, the Buckets Tracker, everything you need to know about Bitcoin, how to purchase bitcoin, and actionable take-aways.

Macro update for the Week:

CPI print – 3.4%, up from 3.1% in Dec, came in hotter than expected (3.2%)

Car insurance up 20%, Transportation 10%, car repair 7%, rent 6%, 

Mtg Rate: 6.6%

Avg Rent:  $1340 bedroom in US

Avg cost of a house:  $431k vs. $280k in 2020 (54% increase)

Market update for the Week:

Nasdaq:  up 2.6%

S&P 500: up 1.6%

Russell 2000:  up .15%

BTC: – down .58%

Gold: up 1% to 2,048 per oz

Oil: flat, down .16%

3 Ways to Purchase Bitcoin:

1.      ETF – just launched 11 of them, Fidelity (FBTC) and Blackrock (IBIT) are most funded

2.      Coinbase app – most reputable, publicly traded, what I have used

3.      Cold Storage – hardware wallet, 12 seed words 

If this episode moves you in any way, please share with friends, family, your teenage kids, and tune in next week. Thank you!

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FIVES: Financial Independence Vs. Endless Struggle. No More 9 to 5 until 65.