The biggest wealth transfer in history is currently happening around us at the present time and most people are missing it. Two videos tip toed across my YouTube feed reminding me recently that this is the case. The videos were from Erica Williams on her classy climb platform. She looks like me, I felt that I could possibly relate to their point of view, so I clicked; I was and am disappointed once again to say the least.
I pointed out specifically that she looks like me and I could relate to her because I think this is a major catalyst in what causes people to engage with certain content these days. In a world currently and quickly becoming more and more infiltrated and inflated with information, people naturally veer towards individuals who can break things down and present them in a digestible way.
Those who use familiar language, derive from similar cultures, and relay likeminded stories reign supreme and rise to the top of your algorithm. After all, robots are only focused on your accumulated watch time. All they desire is the profitable ad revenue your attention provides. In an attention economy what your eyes and ears focus on is money.
My fear is that in an ever-changing time dominated by day-by-day updates in information our favorite talking heads may be, sometimes inadvertently, leading us astray. Unfortunately, if the influencers and content creators whose information you are consuming are not making sure that they are doing their due diligence to stay up to date and abreast of the times they may be indirectly feeding you misinformation. The disinformation may have been relevant and prevalent to our simpler post, past, and prior lives but due to things like new political policies, artificial intelligence, Bitcoin, and other modern day technology advances much of their advice is quickly becoming obsolete.
This particular influencer does have some sort of consulting service where she provides information regarding tax liens and tax deeds, so I do wonder how much of this has an influence on her has an adviser in the real estate space. She also offers books for sale on the topic. On her intro video on YouTube says that she is, “A Youtuber that encourages you to make money, invest the difference, and live well.” “I am a Youtuber that connects you to people via affiliate marketing and interviews so you can make more money, invest the difference, and live well.” While this sounds like a noble endeavor, honestly at this time in 2025 for her not to include Bitcoin in any of her rhetoric or overall strategies should be seen as financially irresponsible, especially if she considers herself as an advisor.
In the beginning of her second video, she claims that “The great wealth transfer is going to be a huge disappointment for millennials and African Americans.” I am a member of both demographics, so I paid special attention to what she said. I not only disagree with her, but I think that her advice isn’t good advice at these times we are living in. With this being the case, I quickly then took offense to her dialog.
I am now on defense simply because I do not want others less informed on the matter in my demographic group to get burned. People will run into her content and choose to listen to it using the same metric as I. She looks like me, sounds like me, so I’ll give it a shot. Unless they are aware of the wrongdoing in her information, they may just look at her views, comments, and subscriber count and think that she just might be right.
Now, I’m sure she isn’t an actual fiduciary and has used, at some point, a prompt to let people know that what she is providing should not be considered real financial advice. Creators in the financial space are usually sure to do this to avoid possible legal trouble. However, I am all but sure that out of the 70k followers/subscribers she has someone who is all ears, and her word is their bond. She also stated that she has received compliments from many of her subscribers that her advice works wonders.
This is why considering what is known about Bitcoin, in direct correlation with what knowledge is understood of real estate; I have to wonder how many hours of research someone who is in the financial space of her caliber has actually done on the most innovative financial instrument in history. She speaks about the recent California wildfires and still doesn’t touch the surface of the defects of holding and considering real estate as an investment and store of value. Especially with her point being that most of the transfers that our boomer class will account for are land and real estate; the forms of property that we just saw in action perform like not a good store of value.
In the Bitcoin space a popular saying that is thrown around is, “You’re going to spend 40 years of your life earning money, why not spend 1,000 hours learning how to keep it.” This of course comes from former MicroStrategy CEO and know Bitcoin Bull, Michael Saylor.
I have watched some of her content prior and I think she is a very intelligent informative person for the most part. But I have also gone and am still barreling down the Bitcoin rabbit hole and I think, just think, I am at the point where I think she’s, at least partially wrong, at least in her following videos about the wealth transfer. The videos are below if you want to watch them.
I’m no genius. I do not have a lot of experience in real estate. But I do know that one Bitcoin equals one Bitcoin and that those who choose to hold Bitcoin will do better than those who choose to continue to hold the analog asset of real estate. This is if the trend continues as it has been since 2009. Why do I know this? Because I’ve listened to credible sources, and I’ve checked the charts, historical data, and facts myself.
I personally think that content creators and self-proclaimed bit coiners Rajat Soni, British HODL, and Gary Cardone have better stances when it comes to the topic of real estate and Bitcoin and the future. I would at least invite those who have questions on this matter to compare all of these creator’s information and then make your own calculated assumption.
I understand that Bitcoin is a brand-new invention that will have worldly implications and consequences that we do not understand yet. I understand that most people still see it as a tech stock or some risky new investment. I understand that the volatility that comes with Bitcoin is a turn off to people, especially most of those people involved in the old financial system.
I understand that it takes many hours of focused attention to even get a glimpse into what Bitcoin and the blockchain are and what they will eventually be. These are hours that most people are just not willing to put into it. But some of the details of what Bitcoin does can be simplified by certain experienced influencers. There was a time when this was not the case. Those were dark times. But I believe we are still early on this innovation and the sooner this information is widespread the better.
For example, in this video by Bitcoin influencer Rajat Sonji he breaks down how the price of real estate is crashing in comparison to Bitcoin. In his past career he was involved heavily in real estate. He read some of the now available Bitcoin books, listened to some podcasts, and concluded that Bitcoin was a better investment. He was lost and now found blind but now he sees the writing is on the wall for real estate in relation Bitcoin. More and more people will begin to come to this same conclusion.
If you simply buy Bitcoin instead of real estate the price of Bitcoin will outpace your investment. Let’s keep it real, you can’t live in a Bitcoin. So, this advice isn’t for people buying a home to live in it. But in the Classy Climb videos her advice was buying real estate as a form of investment.
The following is a short excerpt from Sonji’s video:
“A house cost 12 Bitcoin in November 2023 now it cost 4.5. If you had sold your rental properties last year, you would now be able to buy 2.5x the houses would have sold (net of fees). WHY!? Real estate prices will always rise in terms of US dollars because US Dollars are easier to produce than houses. Real estate prices will always fall in terms of Bitcoin because Bitcoin is harder to produce than houses.”
You can hear more of Sonji’s point of view in the following video:
A former real estate investor turned Bitcoin bull Bitcoin Gary Cardone, twin brother of real estate mogul and well-known YouTube influencer on the same topic Grant Cardone; also feels a similar way to that of Sonji regarding real estate and Bitcoin. An interesting fact is that Gary’s brother Grant still has not come to the same understanding as Gary. I do not know if Grant Cardone shares the same views on real estate investing as Erica Williams of Classy Climb, but in my opinion they are similar.
Both of their views still lean strongly into the legacy financial system. Grant Cardone is such a behemoth in the legacy system that he doesn’t have to figure out a new financial instrument like Bitcoin. Williams says she does well for herself as well. This may be the reason why she is currently shrugging over the issue the way she does and is continuing with her traditional investing point of view.
In the following video, The Hidden Truth About Homeownership: Obligation Over Investment, Gary breaks down how a home is not an investment. He talks about all of the details that make this action a liability including Taxes, Roof, Plumbing, Insurance, Storms, Elements based on location. These to name a few. If you’re interested in learning more click his video by Gary Cardone:
Another former real estate investor turned Bitcoin maximalist British HODL has numerous content on his self-titled channel where he talks about the defects of real estate versus Bitcoin. In the following video, REAL ESTATE FINISHED? (21 FACTS!) by British Hold talks about some of the following reason why Bitcoin is and will rise as a better asset and piece of property than real estate. Here are a few that I agree with:
- Price Appreciation- Bitcoin has and will continue to go up in comparison to
- Hedge against inflation- Real estate price is often tied to the local economy among other reasons.
- Physical Depreciation- Bitcoin has no slippage cost,
- Physical Barries to Entry- real estate has local regulation
- Transfer of ownership- it’s much harder to transfer real estate ownership than it is Bitcoin.
- Future potential- real estate is an old saturated mature market. The future potential of bitcoin is larger.
If you notice, the stark differences between Erica and the other influences were not only their point of view when it comes to Bitcoin and real estate. The bigger differences between them were also sex and race. This article was not written only as a rebuttal to another platform’s point of view about an aging asset, it was also written to show just how early we are to this innovation and others and how important it is and will become for there to be knowledgeable influencers of all ages, sex, races, and ethnicities ready to tackle these topics.
People for the most part just vibe better with those that are like them. Personally, and fortunately, I have been able to numb this bias and have been able to make my attention available to any and everyone who I think provides the information that I am seeking.
I would have liked to have been able to debunk her information with an equally credible African American millennial woman, but unfortunately at press time I do not know of any available. For this reason, I had to use two millennials and a boomer of white, Indian, and European heritage. I would have liked to debunk her information using any African American well versed on the topic, but once again non are currently applicable. I will be discussing this topic much more in depth in future entries as I dwell on how ‘black people missed Bitcoin, but I saw this video and it was the fuse that began it all.
There are many influencers in the financial space that could possibly feel such a position. I won’t name them all here, I will wait and keep my ear to the streets for the proper time. Why? Because we are early. At times I hear rumbles from these unnamed influencers that I speak of. They make content.
This content may brush over a topic like real estate versus Bitcoin. Their content will be wrong or inaccurate, totally inappropriate to the times we are in. They will show that they do not truly understand the topic that they are speaking on. They will give inaccurate advice due to their limited understanding. They will communicate this blunder with authority. They are either unaware or do not care that this will be a deficit to their following now and into the future.
Instead of scoffing, shrugging my shoulders, and praying that the masses didn’t let this set them back; I will instead keep a timeline here on my blog here. Thanks for reading.
