Episode Details

Have you ever bought Bitcoin and felt that little spike of panic, where has my money actually gone?

A mate of mine called Luke was hanging out with me the other day and mentioned that a relative of his had just bought Bitcoin for the first time and had questions. Real ones. The kind most people are too embarrassed to ask. I thought they were so good I made an episode about them.

In this episode you will discover:

• Where your money actually goes when you buy Bitcoin and why the hardware wallet doesn't contain your Bitcoin any more than a key contains a bike
• Why your bank balance is arguably less real than your Bitcoin and what fractional reserve banking means for the money you think is sitting safely in your account
• What actually gives Bitcoin its value and why millions of people exchanging real pounds and dollars for it every single day is not an accident

If you know someone who has just bought Bitcoin and is feeling a bit wobbly send them this. It might be the most useful thing they hear this week.

I built a free calculator that shows exactly what consistent monthly Bitcoin investing could do to your wealth over 5, 10 or 20 years. It's called the Steady Stack Calculator — punch in what you can afford to put in each month and see what the numbers actually look like at the other end. Most people are genuinely surprised. You can also download the 10 Bitcoin Mistakes to Avoid document completely free at the same link.

Steady Stack Calculator and 10 Bitcoin Mistakes Document — click here to grab both for free

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