This is an eccentric billionaire that has decided to spend his fortune on a bona fide spaceship company, SpaceX.
But bitcoin can be wildly volatile, and that $1.5 billion investment could have easily been cut in half.
Inflation — by the Federal Reserve’s own estimation — is likely to run hot for a while, even while interest rates are effectively zero.
Make sure you have enough cash or expected investment income in dollars to meet your basic living expenses.
After these obligations are covered, you don’t need to keep another nickel in cash.
You are almost guaranteed to make a few mistakes at the beginning, so it’s a good idea to make those mistakes with a modest starting base.
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