The human race is about to witness what some experts call “the largest transfer of wealth in human history.” Factors include generational wealth transfer, the migration of fiat money into crypto, and untold technological disruption powered by AI.
As we toe into the receding waters of the old world, many of us wonder how we can ride the waves of the coming tsunami and avoid getting swept away.
My belief is that, over the next decade, the single most valuable skill to learn will be the ability to profitably trade assets — crypto, stocks, real estate, etc. —and navigate the raging sea of money that’s coming without getting shipwrecked.
Ray Dalio, founder of Bridgewater Associates, agrees. “The ability to effectively manage and profit from financial assets will be the cornerstone of economic success in the coming years.”
Don’t blink, or you’ll miss it
In the coming decade, several different wealth transfers are converging. The Baby Boomer generation has accumulated the largest war chest in human history and is gradually passing it on to younger generations. At the same time, numerous technological advancements such as AI, robotics, genetics, and clean energy production, are reshaping entire industries. Moreover, cryptocurrency and the burgeoning technology behind it are poised to revolutionize finance and commerce.
By 2030, it’s estimated that Baby Boomers will be transferring approximately $30 trillion to their heirs. Millennials alone are expected to inherit around $15 trillion over the next 20 years.
Over the next six to seven years, there will be a couple of bull and bear market cycles. Not only are the booms and the busts the best time to trade, but these may be the last — or at least the biggest — in human history. If you haven’t already gotten started in trading, the fact is, you only have about four years to get positioned.
You have fair warning of the deluge coming to the markets and a chance to make enormous financial gains as we approach the hyperinflation period that is sure to come.
And all you need to get there is a mobile phone.
Crypto Is King
There are several areas in which you can focus as a trader— tech stocks, real estate, commodities like precious metals and oil, etc. While the hand-changing of real estate and technological disruptions are essential factors in the coming wealth transfer, personally, I prefer crypto trading. (I’m not talking about day trading. I’m talking about swing trading—buying in when a market is oversold and selling when it's overbought.)
Crypto traders don’t have to deal with all the hassles that come with real estate or stock trading. Crypto can be traded instantly, 24–7, without any intermediary — no lawyers, no banks, no brokers to deal with.
Tim Draper, a venture capitalist, agrees: “Bitcoin is transforming the global financial landscape, offering an unprecedented opportunity for wealth accumulation.”
I’d add to that smart contract platforms such as Ethereum and Solana and the myriad of blockchain-powered utilities that are about to explode into mass adoption.
Aside from skills required to facilitate trading — like how to buy and sell — all you need to do to trade crypto is learn to follow and react to the ebb and flow of the market. You don’t need to learn all the intricacies of real estate, stock markets, or commodities. You just need to learn how to buy low and sell high.
But what about AI trading?
Many financial wizards have expressed concerns that AI will flatten out the markets by automating trading strategies and eliminating inefficiencies. I certainly think this is possible, but I believe this transfer of wealth will be so torrential that savvy traders will have no trouble climbing out of rags and into riches before our proverbial robot overlords take over.
Is trading for you?
I understand that trading isn’t for everyone. Not everyone has the right personality and combination of skills to be successful in trading. Most who try fail because they haven’t taken the time to develop the skills before anteing up.
Like any valuable skill, you must learn from the best and put in your 10,000 hours. The great news is that everything you need to know can be learned on YouTube and via other free resources.
“Risk comes from not knowing what you’re doing. Acquiring the skills to navigate financial markets is imperative.” ~ Warren Buffett
How To Get Started In Trading — Don’t Rush
Keep in mind that there really isn’t any rush to join the fray. Wealth flow will be so strong that if you hone your skills over the next few years, you could retire fabulously wealthy just a few years after you start trading in earnest. On the other hand, if you rush into the storm, you will definitely get “rekt” — as they say.
Take your time. Wade in slowly. Never head out into a storm ill-prepared. Learn to navigate in calm waters.
While getting educated, you should continue to earn a paycheck the best way you know how and start putting some money aside. Then, when you’re ready, you can start your side gig, hit the ground running, and quickly turn it into your main gig.
Most of all, if you plan on making trading your calling, you must learn to ignore the “FOMO” — the fear of missing out — that often affects new traders. There’s a sea of trading-focused media headed your way. Don’t let it blow you off course or hit you broadside and swamp you. Keep your heading straight and leave the froth in your wake.
Get some Bitcoin
This is not financial advice to you, personally. It’s just my philosophy. You need to find your own way.
As for me, I think the best way to get started is by acquiring Bitcoin and/or investing in Microstrategy (a Bitcoin proxy).
By the time you’re ready to go pro in a few years, 0.1 BTC or eight shares of Microstrategy (either is about $2,500 if you buy at the time of writing) could be worth anywhere from $10 thousand to $75 thousand dollars.
Here’s a great video on how you might be able to retire early based on investing in Bitcoin, Tesla, Microstrategy, and another cryptocurrency called Solana:
🥇Unlock Early Retirement: TSLA, BTC, MSTR, SOL Cocktail!💰
RetireOn #Bitcoin #Tesla #Solana #Microstrategy #Crypto #Disruption #RetirementPlan 👋 JOIN THE FAMILY…
By the way, I apologize for all the nautical metaphors. What I’m trying to say is don’t miss the boat.