Bitcoin Will Make You Rich, Not Attending A University

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 every young person.

A 20- to 21-year-old with that bitcoin could just sit on the BTC for the rest of their life and outperform most, if not all, of their colleagues who got a degree (or degrees) from a university. They could even take some of that bitcoin, develop a product or sell a service by starting a company, in hopes to provide value to their society. Having more wealth opens your options in life tremendously, and gives you the freedom to explore your passions. This is something that university students don’t get to experience. It’s a much better way to start your adult life than to be shackled in debt with no money and no real sense of direction in life.

Many who can’t afford that upfront cost always have the opportunity to attend college and use their student loans to buy bitcoin, which makes you able to afford this. But that can be uncomfortable for most, so even if you don’t have that money to buy bitcoin off the bat, working a job(s) to buy as much bitcoin as possible still puts you in a position that’s way ahead of everyone else. In the recent couple-year bear market, there was a Zoomer named David on Bitcoin Twitter who was able to accumulate more than two BTC working part-time at a coffee shop. That’s now worth about $116,000 at the time of writing. This savings got him two of the 21 million total supply of bitcoin, and put him on track to be in the 1 percent in terms of net worth.


Bitcoin is currently priced at about $58,000 fewer than three years later. But this argument of accumulating bitcoin instead of paying to attend a university is still valid. The upside and potential ROI for bitcoin is unimaginable to those who don’t understand Bitcoin and the current state of the financial world.

Image via Twitter

Image via Twitter


Educating myself online and working jobs in fields that I’m interested in instead of attending a university has been one of the best decisions I’ve ever made. I’m free to express myself and find out what I like and don’t like about different careers. In a university, you learn all about potential careers but you are never really sure if that’s what you want until you try it for yourself — which many students don’t do, they just get the degree and ask questions later. I’ve talked to many people who earned a degree for a career they ended up hating, who wish they never got it. But I’ve never heard someone regret earning bitcoin and being upset at the results that came with it.

The education that you tend to gain in the Bitcoin space is around taking responsibility, self sovereignty, Austrian economics, providing value to society, thinking for yourself and more. Most if not all of this can be learned at just the cost of a phone/computer and an internet connection. You don’t have to pay for any of the required university costs above, this can be all learned for free.

Why pay hundreds of dollars for a single textbook that teaches Keynesian economics, which emphasizes the state at your expense, when you could buy “The Theory Of Money And Credit” by Ludwig von Mises for $12.99 on Amazon? You get a more useful and better book for a fraction of the cost.

I got the education of a lifetime on Twitter and a few other sites. It has allowed me to socialize and network with some of the most brilliant minds in the world and opened up doors I never even knew existed. Since we are so early, there is endless opportunity in the Bitcoin space, just waiting for someone to come and grab it. There are many things about life that you will not learn from a classroom and must learn from a mentor. The Bitcoin space has loads of smart adults who are eager to pass on their knowledge to younger generations, helping them succeed. This is a huge step up from university networking, where you’re just talking with a bunch of kids who also have no idea what they’re doing in life.

All In All

Accumulating bitcoin while pursuing your passions in life is a more beneficial use of time than paying to attend a university. It results in you avoiding any bad debt while saving life-changing amounts of money. This life-changing amount of money then allows you to face any challenge head on and reach your full potential.

The great thing about this is while you’re getting rich and earning life/work experience, your options open up. You wouldn’t need a degree to have a successful career, because you’d have the experience and capital to do whatever you want. And if you do want to get a degree, you can go later, after you’ve made your money and the cost of the degree is cheaper (priced in bitcoin).

There’s a whole world full of opportunities for us to go chase. There is an opportunity cost in everything we do. Some decisions are better than others. Bitcoin gives us the possibility to actually go about life debt free, worry free and financially free. The cost of attending a university stands in the way of that for young adults.

This is a guest post by Nik Hoffman. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.


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$11 Billion in ‘Fake’ Uniswap Volume Causes DeFi Project and DEX to Clash

In brief

  • Uniswap trading volumes are higher than normal.
  • A developer has created a way to inflate Uniswap trade volumes on custom tokens.

A day after helping Uniswap set a new, albeit short-lived and dubious, record for daily transaction volume, has done it again—to the chagrin of Uniswap, one of the largest decentralized exchanges in the world.

Delta is a DeFi protocol for removing volatility from options trading by stabilizing liquidity. An anonymous developer with the CORE team, which built Delta, has released a smart contract that allowed nearly $11 billion in trading volume for a single token to be registered over the last 24 hours on Uniswap. That would be a new record, though it’s unlikely it will stand; Uniswap Info, an analytics site, yesterday invalidated Delta volume. 

The developer’s move threatens to render Uniswap statistics meaningless in an industry where transparency is a currency, all over a somewhat manufactured debate over decentralization.

DeFi refers to decentralized finance protocols that allow people to trade assets, earn interest, borrow funds, and make bets without a bank, broker, or bookie. Uniswap, a key cog in Ethereum’s DeFi ecosystem, is one of the largest decentralized exchanges in the world, with over $4 billion in value locked into the protocol in the form of tradable cryptocurrencies. It allows people to swap assets with other people directly without placing their tokens in the custody of a third party, such as centralized crypto exchanges Coinbase and Binance.

Up until two days ago, when Delta launched on the Ethereum blockchain, Uniswap had never officially done more than $2.22 billion in a day, on October 26, 2020, when Harvest Finance was hacked using flash loans from Uniswap. Then, yesterday, it did $7.17 billion, with $6.13 billion coming from the DELTA token. But, Uniswap Info, which tracks statistics for the DEX, moved DELTA volume to untracked, meaning it would no longer count toward its global volume statistics. The adjusted tally from yesterday is $1.26 billion.

The reason for the adjustment—and the inflated volume figure—has to do with Delta’s liquidity rebasing system. The algorithm that helps Delta token minting become more expensive over time interacts directly with Uniswap’s liquidity pool, making it appear as though lots of trading is occurring. (Delta has not responded to a Decrypt request for comment on its rebasing protocol.)

According to Uniswap creator Hayden Adams, the result is “not wash trading but not ‘real’ volume either.” (Decrypt has reached out to Adams for a comment on how the rebasing protocol interacts with the statistics site.)

The move to filter out Delta trading caused a self-identified developer at CORE, the anonymous project behind Delta, to hack the system and allow anybody to toy with’s stats.

“Everyone can now create $20b volume on a custom token!” tweeted 0xRevert today as Uniswap trading volume ballooned well past the $10 billion mark. “Attack will continue until DELTA trading history is reinstated, and we get a [sic] apology from uniswap for abusing centralized power.”

Now, a token called “You don’t blacklist” and labelled an “Ian Laphan fan token” accounts for $10.96 billion in trading volume despite having less than 1 cent in actual liquidity. Ian Laphan may be a sarcastic reference to Uniswap engineer Ian Lapham. (Lapham has not yet responded to a Decrypt request for comment.)

0xRevert then said he would open source the contract, allowing others to “create billions of liquidity in stat aggregators.”

Adams called 0xRevert’s threat “one of the dumbest things I’ve ever seen” and defended’s approach. “Info has always filtered out fake volumes,” he added via tweet. “Its [sic] an analytics interface not a decentralized protocol.”


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Jay Clayton Joins Bitcoin-Rich Asset Management Firm

Key Takeaways

  • Clayton has joined the advisory council of One River Digital Asset Management, which oversees Bitcoin investments.
  • The investment firm itself owns over $600 million of Bitcoin.
  • After ending his term as chairman of the SEC, Jay Clayton is returning to legal roles in various locations.

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Former SEC chair Jay Clayton has joined the advisory council of One River Digital Asset Management, a digital asset investment firm.

Clayton Now Advisor at Crypto Company

Jay Clayton, who served as chair of the U.S. Securities and Exchange Commission between May 2017 to December 2020, has taken advisory roles at multiple firms.

Most recently, he has been appointed to the advisory council of One River Digital Asset Management, a prominent crypto investment firm.

Clayton said about One River CEO Eric Peters: “We were impressed by Eric’s willingness to hear our varying views on the digitization of our monetary, banking, and capital markets ecosystem and One River’s commitment to transparency.”

Clayton is regarded as one of the crypto industry’s top villains because the SEC declined to approve Bitcoin ETFs under his leadership. Under Clayton, the SEC also made it harder for startups to run ICOs and most other types of initial tokens sales.

However, Clayton’s willingness to work with Bitcoin-adjacent firms should not be entirely surprising, given that he stated that Bitcoin is not a security in 2018. Unlike other cryptocurrencies, Bitcoin never went through an ICO or any other fundraiser.

Along with serving on One River’s advisory council, Clayton will rejoin his former law firm Sullivan & Cromwell LLP as a policy council advisor. He will also act as non-executive Chair of Apollo Global Management Inc. and serve as Adjunct Professor at the University of Pennsylvania Carey Law School.

One River’s Cryptocurrency Bet

Prior to the economic crisis resulting from the response to COVID-19, One River CEO Eric Peters focused his strategy based on volatility, bringing in returns of around 35% in 2020. 

SIMETRI Research

The firm has made significant investments in Bitcoin. In November, it announced a $600 million Bitcoin purchase. In recent statements, Peters additionally confirmed that One River plans to increase its Bitcoin and Ethereum holdings to $1 billion in the first half of 2021.

One River has also received financial backing from the Brevan Howard Asset Management Fund and Ruffer LLP.

At the time of writing this author held Bitcoin and less than $15 of altcoins.

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British Finance Minister Calls For Stablecoin Regulation

Speaking at a City and Financial Conference today, John Glen said authorities need to regulate stablecoins due to the threat it poses should a major firm dominate the sector. 

“There is the potential for some firms to swiftly achieve dominance and crowd out other players due to their ability to scale and plug into existing online services,” the financial services minister was quoted as saying. 

Regulating the Wider Crypto Market Not Pressing

Despite calls from financial experts to create a legal framework for the broader global crypto market, Glen noted that regulating “wider cryptocurrency markets” is not as pressing as stablecoins. 

According to him, it is imperative to do so because they have, over the years, become the largest cryptocurrency by trading volume with Tether USD (USDT) leading the way. 

The UK Finance Minister warned that while no dominating player has been allowed to conquer the market, things could change overnight when a popular firm gets the necessary regulatory approval to launch one. 

Recall that in mid-2019, Facebook had planned on launching its stablecoin, originally known as Libra, which was later rebranded as Diem. 


The project, which is governed by the Libra Association, will be with Facebook alongside other top entities as its members plan on launching a cryptocurrency that will not have volatility issues found in other cryptocurrencies. 

However, global regulators have kicked against the move because of Facebook’s dominance in the social media space, with the firm having more than two billion active users monthly. 

“We have a once-in-a-generation opportunity here to make vast strides in the efficiency of financial services, and ultimately benefit consumers and the economy as a whole,” Glen added.

Different Rules

While Britain has previously considered regulating stablecoins, the country’s financial watchdog declined to issue its e-money rules for the cryptocurrency because they do not have the same features. 

Alex Roy, head of consumer distribution policy at the Financial Conduct Authority (FCA), said it is impossible for stablecoins and e-money to have the same set of rules because the former is backed by a fiat currency or asset. 


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New partnerships send Holo (HOT), Wanchain (WAN) and Origin Protocol (OGN) higher

On March 30 PayPal president and CEO Dan Schulman told Reuters that the online payment giant will allow its U.S. consumers to pay with cryptocurrencies when they transact with millions of its global merchants. This is a major step in the mainstream adoption of cryptocurrencies. 

Crypto market data daily view. Source: Coin360

In other news, the Chicago Mercantile Exchange plans to launch a new Micro Bitcoin (BTC) futures contract on May 3, which will enable investors to precisely hedge their Bitcoin risk. This also means that smaller investors who could not trade the existing Bitcoin contract because of its 5 Bitcoin requirement may be able to dive into derivatives as the Micro futures start at 0.1 BTC.

While Bitcoin hogs the limelight, there are several tokens that have been making strong moves in the background. Let’s see the performance of three such tokens.