3:31Should You Invest In Cryptocurrency? Greg Isenberg Interview (Talks Uber) | My First Million Podcast
From My First Million · Published Jul 5, 2020 · Watch on YouTube
TL;DR
The speaker reflects on missing the chance to invest in Uber early, despite knowing the founder, and uses that as a lesson for crypto. He recommends holding 2–5% of net worth in cryptocurrency as a hedge, and advocates "paying to learn" by putting a small amount of money into a space to stay engaged. He personally holds 7.5–9% of his net worth in crypto and does not plan to sell.
Key insights
- Missing an early investment opportunity (Uber) taught the speaker to take small positions in new spaces to stay involved.
- The speaker argues that a product like Uber seemed unnecessary in one market (NYC) but was 10x better for most of the world; similarly, crypto solves problems for people outside the developed banking
- A small allocation (2–5% of net worth) to crypto is recommended as a hedge.
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