Hey friends Kris Krohn. Limitless Wealth TV and today, we're going to take
a break from talking real estate and we're going to jump on board a little bit
with the conversation of blockchain and cryptocurrency. I had a chance to go to a
conference of mine and sit down with some novice millionaires. And what I mean
by novice millionaire? I'm talking about individuals that start with small
amounts of money that are now millionaires or multimillionaires. And so,
I want to introduce you to a couple of my friends here that can help you
understand what is Bitcoin. Is that a good thing, is it a bad thing, I'm still
making up a mind.
Alright, Limitless Wealth TV. It is Kris Krohn and listen, I'm not here with my
official camera crew. I'm just shooting this with my phone. I'm actually sitting
here in amazing Sun Valley Idaho. I'm doing some snowboarding. I'm part of Tony
Robbins, big platinum group. So getting all sorts of training here
and in the heart and and really how to do business a whole lot better.
But listen, over the last month, I've had a chance to meet an extraordinary
individual and today we're talking about bitcoin and so I want to introduce you
to an individual. In less than a year, with less than ten thousand dollars, made
over a million dollars and you know if you watched my first video, and you know that
I'm kind of skeptical about this whole cryptocurrency. It seems kind of crypto
seems kind of shady and I don't really know a whole lot about it so I thought
what better way to get educated than to interview a friend of mine and someone
that's actually done it they're not just talking about it from theory. And you
know there's a lot of get-rich-quick out there there's a lot of different
energies. Is this really a legitimate real
investment or not? So friends I want you to meet my friend Vitaliy, everybody,
Vitaliy's from Israel's that right? Absolutely and we met about a month ago
at one of Tony's other events and we knew, this is mastery, yeah and
my friend right here was not going come to this event. I said, "dude
Vitaliy, you have got to be here. So we were out actually hitting them out and see. I'm so glad
you can see I'm like totally red-faced today because I got a I got a face full
of Sun. And I was just sliding down the toughest mountain here in Sun Valley, it
was absolutely amazing. Yeah, so Vitaliy is a really really good
guy. So I've enjoyed getting to know him but Vitaliy I do have to be honest. I am
I'm nervous. I'm skeptical about this cryptocurrency because not a lot of
people understand it. I understand that you understand it, but there's not a lot
of training a lot of education out there. Yeah and so can you just start with a
couple of basics first of all your story. In less than a year, making a million
dollars? Is that true? Absolutely. I need to you, know pinch myself. You know, thank
you for inviting me Kris. It's a pleasure. You know, you're not the only
one who is skeptical about Bitcoin cryptocurrencies. Because when people
first hear about Bitcoin, like what is it? Is it real money? How does it work? What
is the wallet? How do I use it? How do I buy stuff with it? You know like those
different questions ran from my mind as well. Actually the first time I heard
about bitcoin well, I was traveling in the middle of
going to Las Vegas and it stopped in the Philippines we were doing business with
some other guy and he kind of like started telling me I bought a house and
mentioned actually in the Philippines with Bitcoin. I cashed out somewhere
Bitcoin. I bought a house and like, wow! You know, I like real estate that
sounds a little bit cray-cray. Exactly. You know, he bought a real estate with
real cash but if he sold some his bitcoin and bought in half in cash. You
know, so there is something to it. And at first, I completely didn't understand
what it is. Maybe it was because 4 a.m. in the morning. I had to catch a flight
in two hours. So you start explaining to me about computers, networks, ledger's. You
know, all of this technology or like what the heck are you talking about? So it
wasn't until like March 2017. I was driving a car, I watched a YouTube video
with one guy who's like, "I will always write with my subscribers whatever they,
I tell them to invest money into. They always grows, they were happy and this
is the year of Bitcoin you got to enter right now." This is the time, like maybe I
should listen to this guy. So, I remember this guy in the Philippines he got rich
was bitcoins and it happened to be like five minutes away from the place that I
used to live at a time. It was an embassy of Bitcoin in Israel. So like five
minutes biking distance. I got there the place
and I see like got a we had a person there like let's sit down explain to me
about Bitcoin how it works. So he helped me with a wallet and everything and
started off I put like 10 bucks into the ATM machine and got some Bitcoin my
wallet. It works. You know, so next thing I know, like how did I grow my wealth in
bitcoins. What are different things that I can deal with it because I started
learning everything I could about it and I understood it's a future of money. You
know, this is where the world is going. And the more I learn about it, the
more fascinated it became. You know and at first, when I got into it, I bought
like seven bitcoin and $1,100 two weeks later, it jumped to $1,900 and like wow,
this is good. And there's so many different like scams
and different things that I started noticing around this field. I'm like,
there's must be a better way. Okay. Now, so I just want to be clear. So you just got
started and you grew a very small amount of money. I think it was seven thousand
dollars? Yeah, I invested seven thousand, yeah. And ultimately that seven thousand dollars
ended up turning into now... it's over a million dollars. So over a million
dollars. So obviously this is something that's worked well for Vitaliy. You know,
before we talk about it. Is it too late? Is it a good investment?
You know, Vitaliy and I we're here spending an entire week listening to Ben
Bernanke which Tony Robbins has lined up and some of the other like Ray Dalio,
billionaire. Some other amazing individuals that are here just privately
teaching us about finance and wealth and the reality is, is that real estate is
such an amazing investment. And it's a core part of my strategy, but it's not my
only strategy. You've got to diversify. And real estate is a part of that
portfolio and Ray Dalio says that you need to actually be diversified over 15
different asset classes because at some point your life, an asset class is going
to tank. It's going to have a bad day and if you put all your eggs in one basket, it's
going to be a bad day for you too. But it doesn't have to be the case and that's
why bitcoin is interesting me. Not because I want to get rich quick or not
because I want to make a lot of money. But because, this asset class
diversification. So first of all, bitcoin is really just one of how many different
cryptocurrencies? Almost fifteen hundred right now. So bitcoin was the first in
2009. Everything got started with it. Now, there's over 1500. The market cap is
about four hundred forty billion right now. We are entering into the face of
over trillion-dollar this year 2018. People call Bitcoin a bubble, you know, it
doesn't backed by anything but, think about it. Dollar is not backed by anything.
We're not back by anything either. So let me ask you this. So, you're doing, I want to keep this video
as short and potent for you as possible. For my YouTube friends that are out
there. So let me just ask you. This idea with this cryptocurrency, what
actually, if there's no real value behind it and you were able to buy it at one
point at $1,100. What is Bitcoin, of a Bitcoin selling out right now? It's about
eleven thousand right now, the last time I checked. Okay, so it's 11 thousand
dollars and it's a very volatile. It is. Close to twenty thousand by the December
last year then back down to 6,000 or 11,000. Okay.
And we are getting this year. The prediction is about 25 to 50K by the
end of 2018 and overall if we were looking five ten years from now, it can
easily reach three to four hundred thousand dollars and when people hear
about those numbers like, why? you know, why would people pay for Bitcoin. Well,
bitcoin is divisible to a hundred million pieces and you know when you
understand that it's not that there's nothing backing it up. It's a whole
history of energy that has been put to create those bitcoins since 2009.
That's what Bitcoin represent and right now like just in Iceland alone, the
amount of energy put into creation of Bitcoin is greater than the whole
household consumption of electricity for the whole country. So...wow,
So, bitcoin, it is real. As we've been asking some of the financial experts. Like is
is it that a ponzi? Is it real? Is it here to stay? And
apparently, it is something very real a lot of the big financial names out there.
It is real. It is something that they do think is going to remain volatile, but it
is something that is going to keep growing. There's a good potential
long-term play there. What if someone wanted to educate
themselves more of tally on bitcoin. If they wanted to get more information. I
know that you've decided to basically put together some training and knowledge
and education that the public can access for free. Absolutely. And
what's the purpose of this free membership site? Yeah. So I created
Bitcoins Wealth Club to educate people how to, not just learn about Bitcoin.
Is this is the greatest transference of wealth the world has
ever seen but also, how to leverage it to earn it in multiple ways. You know, I'm
big on passive income streams and bitcoin diversification. So learning how to,
there's really three different major ways to grow your wealth in bitcoin.
Number one, is learn how to trade bitcoin for other cryptocurrencies back and
forth and grow your portfolio. Second, you need to leverage mining industries and
how to partner with other companies who are doing this together and in mine
bitcoin and third, is through crypto affiliate marketing. What I call it. Those
are the three major ways that you can profit with bitcoin. So I set up
gold to help people become Bitcoin millionaires and put all the resources
in one place for people that like myself, asking questions. What wallets to use, what
exchange to use, how it all works. So I put together the whole course. I
call the secrets to grow your wealth in bitcoins, that now the membership site
has grown to a hundred thirty thousand members worldwide and growing fast to
over a million members by the end of this year. This is my goal and really, it
is all everything like hard work for bitcoin, like how it all works. You know
because when people understand what is behind this. This is not a bubble that
you know bitcoin, you own a hundred percent of this money. Don't need PayPal,
you don't need third party service, you don't need to rely on the middleman, on
the banking system. It's instantaneous that you can transfer money using your
mobile phone. This is the internet of money and you are a hundred percent in
control of it and you know this supply and demand,
that's what play a role when bitcoin is like today's modern digital gold. You
know, but because it scares and the farther we go out there right now 79% of
bitcoin has been mined, by the year 2030 99% of bitcoin will be created and
they'll spend the rest out of years to create the last 1% of bitcoin. I got it.
Okay, so this currency that's been created, you're saying is like a real
physical currency like something you can hold. Yeah. It is an Internet of money. Yeah. This is
what Bitcoin. It's all networks. Kind of like the internet communicates
with a protocols. There is a Bitcoin protocol. There's a Bitcoin network and
we have participants in this network. The miners, the users,like you and me.
You know, people that are using this infrastructure. So all of this
communication is going on in this bitcoin network that follow certain
rules. Yeah. So obviously, there's a lot more to learn, but let's give them your
website. If you want to get more free information, before I give it, I want to
give you this rule. This is really important. The secret to building wealth
is to not have a get-rich-quick mentality. Even though Vitaliy made a
million dollars in a year. The reality is is that, you know, when the
bitcoin went down, you lost hundreds of thousands of dollars. And that's a part of the journey
as it goes... Is if you sold at the bottom, most people
do the opposite. They buy you the peak and they sell the bottom because they
panic. Yeah. That's the rest of you for losing money. Yeah and so I
think one of the rules that we would both agree on and share with you is that,
you need to diversify and you need to be over spread over different asset classes.
You don't put all your eggs in one basket. On the next video, I'll share with
you whether I am or am not going to invest in bitcoin based on some more
research that I'm going to do. But what I really want to share with you is that if
I choose to invest in bitcoin, I'm going to put an amount of money in that I'm
willing to lose, kiss goodbye and never feel sad about ever losing. Okay and the
reason why I do that is because I treat all my investments that way. And so you
got to be wise, you got to be smart, but this is an opportunity for I think you
to learn a little bit more Vitaliy, if they want to if they want to go to your
free membership site and learn from you then what's the website?
Yeah, so it's Bitcoins Wealth Club. Bitcoins Wealth Club. So I'm
just saying that because you got this awesome adorable Israel accent. I want to
make sure that everyone else did. so Bitcoins Wealth Club .Yeah, very easy
to remember. And you're absolutely spot-on on this. You know, don't put all
of your life savings into this. You know, you've got to be smart and it is volatile.
It is risky, especially if you don't know what you're doing. You know, most people
who are not sophisticated investors. You know, they're losing money here
and there. So you need to know what you're doing and it is important to
don't invest money that you're not willing to lose but the opportunities
here on the upside, yeah, is tremendous. You know, so...well, awesome. Listen
Vitaliy, I'm really glad. Thank you so much. I'm sure everyone watched this
videos super entertaining and educational hopefully for you to get
some more knowledge and even give you some additional tools. And as you're out
there, you know, click my website, hit the link, learn about what we're doing in
real estate. And then ultimately when you make money in real estate the way I have, you have to continue diversifying. because real estate has its sad days too
Because real estate has it's sad days too. You need to be spread across the board. You need to be smart, you need be wise. We
got a lot more wealth education coming up here on Limitless Wealth TV. And
Vitaliy, just I want you to know...One last thought, okay? Do it. You can become a
millionaire with just one Bitcoin potentially because there are 38 million
millionaires in the world and the overall bitcoins is 21 million bitcoins
ever will be created. So not even all the millionaires will be
able to hold one Bitcoin. So if you just have one, it's good. It's a good start.
Okay? you don't have to have 50 bitcoins to be a millionaire. So, start with
something. Start with whatever you can. Vitaliy, thank you so much brother,
appreciate you. Friends thank you so much again. That's you've got his website so
you can learn more about that, and then make sure that you are a subscriber that
you click the link and ring the bells so that me and my team can notify you. We've
got a few more videos coming out about bitcoin. I've got some more people that I
want to introduce you to. I think we're going to be seeing Vitaliy again so we can
really dig in on more questions. Please comment below on what you'd like to know
more about. Things you wish I had asked that I can watch and ask in the next
video. Take care my friends. Friends, I hope this information is useful for you.
Listen up, make sure you are a subscriber because obviously I talk about
everything wealth under the sun. Also lots of real estate. But I'm going to be
introducing more information on blockchain. Also more information on
cryptocurrency. Is it good, bad? How should you feel about it and make sure
that you don't miss out on one of the hottest things and at the same
understand at the same time understanding is that Vegas money like
is it going to be lost? Is it going to be gone? So make sure you subscribe and
we'll get more information coming your way.
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