# The Crypto Math Nobody Shows You + Where 64 Cents of Every Dollar Goes | Complete Guide to Investing Parts 5 & 6

Page: https://stenobird.com/podcast/calm-money-coach-7769257/the-crypto-math-nobody-shows-you-where-64-cents-of-every-dollar-goes-complete-guide-to-investing-parts-5-6
Text version: https://stenobird.com/podcast/calm-money-coach-7769257/the-crypto-math-nobody-shows-you-where-64-cents-of-every-dollar-goes-complete-guide-to-investing-parts-5-6.md
Podcast: [Calm Money Coach](https://stenobird.com/podcast/calm-money-coach-7769257)
Published: 2026-03-20T19:55:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/calm-money-coach/episodes/The-Crypto-Math-Nobody-Shows-You--Where-64-Cents-of-Every-Dollar-Goes--Complete-Guide-to-Investing-Parts-5--6-e3gevja
Audio file: https://anchor.fm/s/10ee7ecf8/podcast/play/116931626/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-2-14%2F420027238-44100-2-6a1fd20d0d523.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/calm-money-coach-7769257/episodes/the-crypto-math-nobody-shows-you-where-64-cents-of-every-dollar-goes-complete-guide-to-investing-parts-5-6
Duration seconds: 704

## Resource

Bitcoin has had 87%, 84%, and 77% drawdowns. A 5% allocation contributes 27% of your total portfolio risk. In Parts 5 and 6 of the Complete Guide to Investing, I cover the real math on crypto, what the "digital gold" narrative gets wrong, and then move into alternatives where hedge fund investors give up 64 cents of every dollar earned to managers. The advertised fee is 2-and-20. The actual fee is closer to 50%. Also in here, the Canadian route rather than the US one: BTCX.B and ETHX.B, and what holding them inside a TFSA changes for tax and for your estate. I am Brian Orlando, CPA, in Halifax. I run Calm Money Coach, an advice-only planning practice. No products, no commissions, I do not manage anybody's money. Free calculators and guides: calmmoneycoach.com Education only, not advice for your situation. Talk to a professional about your own. @calmmoneycoach on Instagram, Facebook, TikTok and YouTube.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/calm-money-coach-7769257/episodes/the-crypto-math-nobody-shows-you-where-64-cents-of-every-dollar-goes-complete-guide-to-investing-parts-5-6/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/calm-money-coach-7769257/the-crypto-math-nobody-shows-you-where-64-cents-of-every-dollar-goes-complete-guide-to-investing-parts-5-6.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.