That money Millennials have been saving for the 20% house deposit should all be going into Bitcoin.

If the average worker managed to save even 5% per year and put that all into Bitcoin instead of some long-term interest bearing account, they would actually have wealth.

Some maths:

- Average weekly salary in Australia in 2018 = $1,586 (assuming no pay rises)

- After tax they take home = $1,030.40

- Saving 5% of that over 5 years is $13,311 (nowhere near enough for a 20% deposit)

- DCAed into Bitcoin over 5 years they have $58,923.21 of purchasing power

So to answer your question, you start ASAP.

You DCA a minimum in and as you understand the “self fulfilling prophecy” of Bitcoin and your conviction grows, you should up your investment as much as possible. Our average Millennial example above is up 342% in 5 years.

You keep doing this until your Bitcoin stack is enough for you to opt out of fiat slavery.

You don’t go and make yourself exit liquidity for a Boomer, you realise it’s better to pay off someone’s mortgage via rent than to take one on yourself because that 10BTC house today will be 1BTC in 5-10 years by which time you could buy it outright in cash, and in that time your stack has grown and the pool of capital for the housing Ponzi to sell into shrunk.

The more Millennials who do this, the sooner the beast is starved to death, the sooner you’re no longer an average normie on a hamster wheel constantly battling inflation.

Most people want an instant solution but Millennials would be smart to lower their time preference and grind into the new system, that’s where real freedom lies.