Playable Characters Show with Brandon Gentile

How you can retire early with 1 Bitcoin decision

6 snips
May 14, 2025
Guest
Terrence Michael
Terrence Michael, an entrepreneur and real estate investor, discusses his journey from Hollywood to Bitcoin, emphasizing its potential as a superior store of value. He critiques the fragility of real estate investments and argues for Bitcoin's advantages, including its liquidity and simplicity. The conversation touches on inflation, the illusion of ownership in property, and Bitcoin's role in democratizing wealth. Terrence also highlights the environmental benefits of Bitcoin and its future as a transformative monetary system, making a compelling case for its adoption.
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ANECDOTE

Terrence's Shift From Hollywood

  • Terrence Michael started in Hollywood but shifted to real estate searching for a way to store value.
  • He found real estate stressful and limiting compared to his passion for storytelling and later discovered Bitcoin.
INSIGHT

Real Estate's Hidden Costs

  • Real estate only yields 4-5% annually after factoring in maintenance and taxes.
  • It acts mostly as a piggy bank with a monetary premium, not true ownership or significant cash flow.
INSIGHT

Real Estate Is an Option

  • Real estate is an option rather than ownership, with banks owning the property until loan payoff.
  • Property taxes act as rent paid continuously, undermining the idea of full ownership.
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