📝 How to make it in crypto

GM everyone. This is 2036, the crypto newsletter that pays you.

Here’s what we’re serving up today 🍲: most coins outside of BTC and ETH are down over 30% in the last week. So we’re re-surfacing the most popular guide on how to make it in crypto.

Let’s dig in.

🥔 Today’s meat and potatoes

Get smarter on crypto in 2 minutes

Here’s what’s happening:

The Securities and Exchange Commission - the SEC - is suing both Binance and Coinbase.

We covered this last week, but in short - they’re accusing the exchanges of:

• commingling customer deposits (Binance)

• selling unregistered securities (Coinbase)

As fear spread through the markets, lots of small coins (‘altcoins’) tanked 📉.

Solana, Cardano, Avalanche and others are down up to 30% in the last week.

But Bitcoin and ETH held up well.

Okay - so:

Step 1: Understand if you want to invest in crypto at all

Crypto is a bet on the digitization of value, in the form of:

• digital gold (BTC)

• computing power (ETH)

• cultural objects (NFTs)

… and a lot more.

Today, crypto represents roughly 0.2% of the value of all assets ($1T out of $500 Trillion)

So ask yourself -

• Do you believe this number will be higher in the future?

• Or are you just in crypto to try and get rich quick?

This is not a judgment on either. But if you’re in crypto to get rich quickly, any drawdown will hurt.

If you’re in it for the long-term trend, your perspective shifts.

Step 2: Decide how much to invest

Crypto represents 0.2% of all assets worldwide.

So if you’re neutral on crypto’s chances of outperforming, then 0.2% should probably be your allocation as a % of net worth.

If you’re positive crypto will outperform, it should be more than 0.2%.

If you hold no crypto, you’re shorting crypto relative to all other assets.

Adjust accordingly.

Step 3: Invest

The easiest way to invest in crypto is to buy a bit of BTC and ETH every month.

Keep it simple.

Step 4: HOLD

Crypto is a multi-decade-long bet.

If you buy, the best you can do is forget about it and let time do its work.

Once in a while, have fun and swing for the fences. Crypto is a place to build wealth, change the status quo but also a place to have fun.

Just make sure you don’t confuse your long-term wealth (BTC and ETH) with your short-term bets. And never use leverage.

Don’t be the person with 2% BTC, 5% ETH, and 93% shitcoins.

To help you hold, ignore the mainstream media.

Instead, pay attention to builders. Zoom out and notice the growth, the change, and the cultural impact.

That’s what 2036 is here to do, btw. To help you navigate the maze and take action on what’s important.

Once in a while, we’ll help you swing for the fences (more on this Wednesday 👀).

In the meantime, stay safe and remember to survive.

[For the full guide on how to survive crypto, check out Punk6529]

🍨 Dessert

Stories to read if you have FOMO

1/ a16z opens office in London on new pro-crypto regulations

2/ Ray Dalio calls for the beginning of the big debt cycle crisis

🍸 What 2036ers know that others don’t…

So you can be the smartest cookie at your next cocktail party

What’s consensus by society doesn’t 10-100X:

Remember, we are here 👇

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