The Kevin Rose Show Tim Ferriss, Bitcoin, 2021 Resolutions, Favorite Books, Lucid Dreaming, Couples Therapy, and More (#45)
Jan 20, 2021
In this lively discussion, the hosts dive into the Bitcoin craze and its recent surge past $40,000. They reflect on personal growth with 2021 resolutions and favorite literature, while sharing insights on the importance of couples therapy and effective communication in relationships. The conversation also touches on lucid dreaming techniques and the balance of managing investments in volatile markets. With a sprinkle of humor, they explore the ethics of meat consumption and the sustainable food movement.
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Bitcoin Investment Strategy
- Zoom out to the five-year or ten-year view when evaluating Bitcoin's price.
- Dollar-cost average your investments over six months, regardless of price.
Factors Influencing Bitcoin Price
- Increased consumer access and institutional investment are driving Bitcoin's price up.
- Potential market manipulation, like Tether's alleged unbacked Bitcoin purchases, poses a threat.
Cryptocurrency Portfolio Allocation
- Allocate up to 5% of your portfolio to cryptocurrency, treating it as high-risk.
- Hold it long-term, accepting potential volatility, and rebalance annually.
