There is an opportunity cost in every decision you make in life. Some are bigger than others, but there is one I’ve seen way too many people fall for, and that is earning a degree at a university instead of buying bitcoin.
Attending a university today is extremely expensive and is pushed onto kids so hard that it’s almost predatory. Most kids don’t have the money to pay for it so they’re incentivized to take on debt to attend, and this often backfires on students. Degrees don’t guarantee jobs, and many young adults are left jobless, with debt and no direction in life.
As a college dropout myself (backed up by my bitcoin friends who also dropped out), I can confidently say that accumulating bitcoin and working on your passions is a much better use of your time and money than attending a university. Don’t believe me?
Let’s crunch some numbers.
Take, for instance, James Madison University, a university in my home state that I was planning on attending but I eventually turned it down.
If I would have attended this University straight out of high school and the annual cost (in state) would be $26,726 for tuition, room, board, books, travel, personal costs and loan fees. After a bare minimum of attending the school for four years, the cost would total more than $106,904.
The price of bitcoin was $6,537.74 on July 5, 2018 via price by date, the day students would start paying their schooling costs. If you would have invested that year’s cost of $26,726 into bitcoin on that day, you would have netted 4.08796951 BTC, which, at the time of writing, is worth $235,285.28. If you would have invested the cost of all four years on that day, that would have netted you 16.351828 BTC, which, at the time of writing, is worth $942,846.40.
Both that 4.08796951 and that 16.351828 BTC are way more money than most people will ever see in their lifetimes. To accumulate this much of a limited supply asset is a once-in-a-species opportunity that is wasted by nearly…