 Some of my clients are interested in Bitcoin and other cryptocurrencies right now, and they've asked me what I think about it. So I thought I'd make a video sharing with you my thoughts, my current thoughts about the Bitcoin and cryptocurrency situation. Cryptocurrencies are a sort of digital alternative currency that people are betting on, essentially, to become a means of exchange in the future. But right now, the reality is that I can't pay my mortgage with Bitcoin, even though it's really popular right now. I can't go to my local grocery store and buy food with Bitcoin. I can't hire most service providers who services I want and need using Bitcoin. You can't hire me using Bitcoin. So in other words, right now, it's not really a means of exchange that is widespread. And I believe in alternative and complementary currencies. I think it's a healthy thing for our world to have more forms of exchange. But right now Bitcoin, Litecoin, Ethereum and other cryptocurrencies are altcoins. Bitcoins are essentially, they are a gamble right now. They are a speculative investment, speculation. It's not really investment because most of the people who are doing it don't really understand it. For example, right now Bitcoin is at $17,000 per coin and even some of the experts don't understand why the price is so high. There's a lot of misunderstanding. I mean, there's a lot of sort of, even though it's supposed to be transparent, a lot of people are just baffled about how it really works in the real world, the price up and down and things like that. So that's one concern I have is that we don't know if it's going to become a widespread means of exchange. And so those who are investing it may lose their money, right? The way that it's going with the price hikes and drops right now, mostly price hikes with Bitcoin, for example, is that people, some people think it's a bubble. I don't know if it is or not. But the fact that it might be a bubble means that it could burst at any time. We don't know when, that's the problem. And it could hurt a lot of people. And usually in situations like this where a price of something goes up dramatically in a short time, it's almost always a bubble. And there's a lot of excitement and even like some so-called credible people are getting on board. Well, guess what? Same thing with the dot com. Same thing with the mortgage crisis. A lot of credible people were getting on board with all of those. Same thing with any bubble in history. A lot of credible people and leaders seem to be getting on board. And then everybody, most people lose money, including the leaders that we thought were credible. So that's the practical case where I think it's dangerous right now. We don't know if it's going to be a means of exchange. We don't know yet. Yes, some people are saying, yeah, but some people are able to buy things with Bitcoin. Well, still, try to pay your mortgage with Bitcoin. Try to buy food. Most people can't do that. It's not practical on a wide level yet. Now, people say, well, yes, but I'm investing in the possible future where it can be a means of exchange. But really, what's going on with this motivation is that people are trying. Maybe they're desperate about money. And unfortunately, in the cases like this, a lot of people who are desperate about money get swept up into this kind of scheme and end up losing money. So let me tell you an imaginary story. So let's imagine a community of people and some of the people are farmers. Some of the people are chefs. So these people grow and cook food that others need and want. Some people are builders. So they build homes. They build schools. They build furniture that people need and want. Noble, worthwhile ways of earning an income. Some people are teachers. Some people are healers. They're doing things that people truly are adding value, bringing a more life-giving world into existence. And then, there's a group of people here on the side who are playing a money game. Let's say there were 100 people playing a money game. They're spending their days. They're precious life resources. They're precious lifetime. Let's just call it a day. They're spending that day playing the money game. So during that day, they're not cooking. They're not farming. They're not building things people want and need. They're not healing or teaching. They're playing the money game. That's what they're spending their time and energy doing. And out of the 100 people playing the money game, two of those 100 become, well, filthy rich. They earn tons of money while most of the people, 98 of those 100 people, either didn't win any money and they simply lost their day, lost the time and energy of that day. Or they even lost a lot of money. Some of them even lost their life savings. This is what happens with most money, sort of hype and mania that's going on right now, like with the cryptocurrencies. It is a money game. It is not yet certain whether it will be a widespread means of exchange. It's not yet certain whether it's a bubble. And people are, have this fantasy and this mania, this jumping on the bandwagon. I don't want to miss out the fear of missing out whenever you are acting from the fear of missing out. It is almost always not a good idea for your soul and for your long-term well-being and for your mental health. And what happens is these two people who play the money game in this community who win this proportioned amount of money, they didn't really add value to the community. They simply played this game that allowed them to now have accumulated a lot of money or power, essentially, over the community and now they own most of the community. And so this is what happens. Some people are getting filthy rich with Bitcoin right now and now they're able to own a lot of things because they played the money game. They've achieved a lot of wealth without much real work, adding value, bringing a life-giving world into existence. They simply were cunning enough or they were lucky enough to have earned a disproportioned amount of security and prestige and privilege for themselves. And so I just don't think that it's something that is worth modeling for the children, right? It's like, oh, this is how you should earn money, it's by playing a money game rather than bringing a life-giving world into existence by doing valuable things like farming or cooking or building things or healing or teaching or things like that. You see, that's what I hope to inspire all of us to do is to earn money in a way that we feel is truly worthwhile. It is a worthwhile use of our day and of our life rather than spending all this time and attention, our precious time that we cannot get back with learning about this money game stuff. Let's spend our precious time and attention building useful skills that are truly valuable to others and that truly manifest and bring forth a world where everyone can thrive, and not just the few who happen to get lucky or were cunning enough, you see? And so the last thing I'll say is that if you're fearful of your future security, you know, your children's future security, there is one investment that will never go away, and as I said before, it's the investment in building your skills that are useful to others and it's building meaningful relationships with others. So for example, I'll say that I am one of the teachers in this community, the story I've told, I'm one of the teachers, let's say, and if I build meaningful relationships in this community, even if there are a few people who get fabulously wealthy, if I have good relationships, whoever has good relationships will always be able to sustain themselves and their family in a community. And so that is what I hope we can all spend our precious life energy building, is skills that are useful to others and meaningful relationships of true reciprocity and generosity. So I'll have a lot more to say about cryptocurrencies and so on. If you look at the notes of this video, I did some research on this stuff and why I'm not personally wanting to invest in it and why I don't recommend it. So you might want to take a look at the notes of the video for a lot more, but hopefully this video will give you some inspiration and to not have to give into the fear of missing out about the whole Bitcoin craze, I don't fear because I'm spending my precious time building skills that are useful to others and building meaningful relationships with others. So anyway, that's all for now and I truly wish you well.