Resources › Facebook Live › Bitcoin is WINDING UP for the next big price increases, and NOBODY IS PAYING ATTENTION!
Bitcoin is WINDING UP for the next big price increases, and NOBODY IS PAYING ATTENTION!
Published April 15, 2025
by Joel Bomgar
YouTube Video Transcript
00:01 Hey everyone. It feels like Bitcoin is
00:03 winding up for the next major moves up
00:06 and also that nobody is paying
00:08 attention. Um, as usual at times like
00:11 this, which are great buying
00:12 opportunities for Bitcoin, everyone
00:14 seems distracted and almost nobody's
00:16 paying attention to what Bitcoin is
00:18 doing. Of course, I am because I'm
00:20 always paying attention to what Bitcoin
00:21 is doing. And uh, behind the scenes, all
00:24 of the people that are paying attention
00:26 are acquiring huge amounts of Bitcoin.
00:28 So when Bitcoin first started, the
00:30 initial people who bought Bitcoin were
00:32 average people like you and me. Uh they
00:34 tended to be techy people that were into
00:37 um the you know new technologies and
00:39 things like that. Uh which was really
00:41 beautiful because it meant that the
00:43 Bitcoin ownership was much more skewed
00:46 uh toward individuals as opposed to
00:49 governments or companies or things like
00:51 that. As Bitcoin has gotten larger and
00:53 larger and started to move more into the
00:56 mainstream though, the businesses and
00:58 governments and entities are moving more
01:02 quickly than adoption in general, which
01:05 of course is, you know, inevitable, but
01:08 also, you know, not my preferred way it
01:10 plays out because I would rather uh, you
01:14 know, regular people like you and me
01:17 have as much Bitcoin as possible of the
01:19 total uh, supply of 21 million.
01:21 as compared to the Bitcoin being uh you
01:24 know majority owned in the long term by
01:27 corporations or businesses or uh other
01:30 legal entities. So why is this playing
01:33 out the way it is? Well, the answer is
01:35 because every stock or bond or you know
01:38 commodity or money in the case of
01:41 Bitcoin they all go through periods
01:43 where it's boring. The price is boring.
01:46 Um for example in Bitcoin you had it was
01:49 launched in 2009. Um the first big price
01:52 run was 2011 uh 2010 2011 and then 2012
01:57 was a relatively boring year by
01:60 comparison. Uh then you there was a huge
02:02 rally in 2013 but 2014 2015 and 2016
02:07 there were long periods in that
02:09 threeyear span of time in 2014 15 and 16
02:14 well the price was maybe a h 100red
02:15 bucks or whatever it was that nothing
02:17 seemed to be happening which means the
02:19 numbers that you should be paying
02:21 attention to were the adoption of
02:23 Bitcoin. To what degree are uh people
02:25 and entities and corporations adopting
02:28 Bitcoin? And if you look under the
02:30 surface, there was a huge amount of
02:32 adoption of Bitcoin in 2014 16, sorry,
02:35 2014, 2015, and 2016. Um, but the price
02:39 for, you know, relatively long periods,
02:41 months at a time, seemed, you know, not
02:43 to change much. Same between there was a
02:46 huge price rally in 2017. Each of these
02:48 rallies pushing Bitcoin to far above uh
02:51 the previous all-time highs. And then 20
02:54 uh after 2017, 2018, 2019, and most of
02:57 2020 were pretty boring. So you had
02:60 about 2 and 1/2 years where for most
03:02 people it just felt like nothing was
03:03 happening. 2018, 2019, and half of 2020.
03:07 Um and then after the huge price rally
03:09 in 2021, you know, there was 2022 is a
03:12 down year and then it started marching
03:14 up in 2023, 2024, and now in
03:18 2025. Um so we're sitting at about 80,
03:21 what is it? 86,000 a coin and uh here we
03:26 are almost nobody's paying attention.
03:28 People are bored. Um but behind the
03:30 scenes there's a huge amount of
03:32 adoption. Uh Micro Strategy just bought
03:34 another $250 million. Uh GameStop just
03:37 issued $1.3 billion uh of corporate debt
03:41 to buy Bitcoin. Like there's all these
03:43 people buying Bitcoin in the background,
03:46 but the price is not moving that much.
03:49 So what does that mean? Well, it means
03:51 they are buying that Bitcoin off of
03:53 regular people who are dumb enough to be
03:56 selling it to them because they don't
03:58 own they don't know what they own. So,
04:00 most of the Bitcoin that is being bought
04:02 by Micro Strategy or by GameStop or by
04:06 people like me because I just took my
04:08 total allocation of my liquid assets to
04:11 100% Bitcoin. Uh, last week it was at
04:14 99%, I went ahead and moved it to 100%
04:17 Bitcoin. Um, so people like me are
04:20 buying more Bitcoin. Well, who is
04:22 selling it? Well, unfortunately, the
04:24 people who are selling it are people
04:26 that just don't understand what they
04:27 hold. They're not paying attention.
04:29 They're not focused on the underlying
04:31 value, and they're not focused on the
04:33 underlying adoption. They don't realize
04:35 that behind the scenes, Bitcoin is
04:38 slowly marching to take over as the
04:41 monetary system of the world. And so,
04:43 you know, maybe they got all excited for
04:45 a minute. They bought Bitcoin at, I
04:47 don't know, 95,000 a coin, 106,000 a
04:50 coin, you know, whatever it was. They
04:52 bought some and then then it went down
04:55 and then they got bored and now they're
04:57 selling it and then they think, "Ah,
04:59 that was that was a loser. I got in
05:00 right at the end of the party. I missed
05:02 the boat and uh showed up showed up
05:04 late, got all euphoric, bought Bitcoin
05:07 above 100,000 a coin, and now they're
05:09 selling it for$ 86,000 a coin." Well, if
05:12 they just held on to it, it would be
05:13 worth way more than $100,000 per coin.
05:16 And if they held on to it, it would make
05:18 all of these people who are buying right
05:19 now pay a significantly higher price.
05:22 But as long as there's people willing to
05:24 sell Bitcoin at $86,000 per coin, nobody
05:27 in the world has to pay more than that.
05:29 If somebody's willing to sell at that
05:31 price, then the buyers will always buy
05:34 uh the cheapest Bitcoin that they can
05:37 buy. uh and the sellers will always sell
05:39 at the highest price they can get. But
05:41 right now the price that the uh supply
05:44 and demand are meeting is right at
05:46 about$86,000 a coin which means there
05:49 for every single buyer at $86,000 a
05:51 coin. There is a seller at $86,000 per
05:54 coin. So that means somewhere in the
05:56 world some normal person some regular
05:59 person is you know uh unfortunately
06:03 parting with Bitcoin they had acquired
06:06 and it is being scooped up by
06:08 corporations and governments and high
06:10 netw worth individuals. So how is this
06:12 all going to play out? Well, what's
06:14 eventually going to happen is there will
06:16 be a massive uh increase in the money
06:19 supply by the Federal Reserve. Now why
06:21 do I know this is going to happen?
06:22 Because it has to happen. uh it is
06:24 mathematically impossible to sustain the
06:27 current debt load of the United States.
06:29 The only thing that literally can happen
06:32 is at some point the United the uh
06:34 Federal Reserve has to print vast
06:36 quantities of money to keep the system
06:38 from crack the the whole system from
06:40 basically uh you know house of cards
06:42 coming down. So there's a 100% chance
06:44 they will do that and the question is
06:46 how much Bitcoin will you own before
06:48 that happens versus after that happens.
06:51 So, let's say sometime in the next, I
06:53 don't know, year, two years, however
06:54 long it takes, maybe it's six months, at
06:56 some point the Federal Reserve is going
06:58 to massively open the gushers of the
07:01 money printers, and Bitcoin is going to
07:03 run from $86,000 per coin to hundreds of
07:06 thousands of dollars per coin. And once
07:10 again, everybody will feel like they
07:11 missed out. They got there late to the
07:13 party. That if they were going to buy
07:15 Bitcoin, they should have bought it
07:16 before now. And if people are continue
07:19 to part with Bitcoin, then ultimately
07:22 Bitcoin is the the the greatest
07:24 potential to eliminate uh wealth
07:27 inequality because it's the first asset
07:29 in the world that anyone in the world
07:30 could buy all at the same time with
07:33 equal opportunity based on how much
07:35 money they had. Um lots of other assets,
07:38 for example, privately held companies
07:40 cannot be purchased by average people.
07:42 Uh in the case of Prosper where I serve
07:44 as president um we are a privately held
07:46 company. That means we are not publicly
07:48 traded on the stock market. And because
07:50 we are not publicly traded on the stock
07:51 market, you have to have a net worth
07:53 according to the security and exchange
07:55 uh commission, the SEC, the laws of the
07:57 United States require you to have a net
07:59 worth of more than $1 million excluding
08:03 the value of your house. So you
08:06 literally cannot invest in privately
08:08 held companies in the United States
08:10 unless your net worth is above $1
08:12 million excluding your house. So most a
08:16 huge portion of investments are like
08:18 that that there's really no easy way for
08:21 regular people to gain access to them.
08:24 Bitcoin is the first example that I know
08:26 of in history where it's super easy for
08:29 anyone to buy Bitcoin and you don't
08:32 there's no requirement on net worth. Uh
08:34 there's no requirement. Hold on one
08:36 second here. There's a bunch of noise.
08:38 Um there's no requirement on net worth
08:40 to buy Bitcoin. You don't have to be an
08:42 accredited investor. You know, there's
08:44 not a minimum requirement. You can
08:45 literally buy $1 of Bitcoin if you want
08:48 to buy $1 of Bitcoin. So, it's this
08:51 amazing asset that has the ability to do
08:54 more to eliminate wealth inequality than
08:56 literally anything else. But that
08:59 presumes that regular people actually
09:02 buy Bitcoin and they don't just turn
09:04 around and sell it when it's down to
09:07 corporations and, you know, institutions
09:10 and, you know, hedge funds and all of
09:13 that. If those people do that, if those
09:15 people are constantly buying, you know,
09:17 in euphoria and then selling, then
09:21 what's going to end up happening is a
09:22 large percent of the Bitcoin is going to
09:24 end up being owned by corporations or um
09:28 hedge funds or governments or things
09:30 like that. And then one day the regular
09:32 people will wake up and say, "Why is
09:34 there so much wealth inequality in the
09:36 world?" And the answer is because you
09:38 sold your Bitcoin or you did not buy
09:40 Bitcoin in the first place. like now is
09:43 the time to fix wealth inequality by
09:46 regular people buying Bitcoin and not
09:48 selling Bitcoin. Uh but alas, you know,
09:52 humans humans are humans and humans do
09:55 what humans do and unfortunately
09:57 sometimes that involves doing things
09:59 that uh you know people regret. So right
10:02 now um Bitcoin should be valued at way
10:05 more than
10:06 $86,000 based on the adoption by
10:08 institutions, hedge funds, businesses,
10:11 high net worth individuals. All of that
10:13 is marching around along beautifully.
10:15 The adoption of Bitcoin, you know, by
10:18 every metric is amazing. The only metric
10:21 that is not amazing right now is the
10:23 price. And the only reason the price
10:25 metric is not amazing is there are too
10:27 many people that do not understand what
10:29 Bitcoin is. but bought some of it and
10:32 are now selling it. They bought it in
10:33 the euphoria above $100,000 per coin.
10:36 They are now selling it because they do
10:38 not own they do not understand what they
10:39 own. And of course, buyers only have to
10:42 pay the price at that the sellers are
10:44 willing to part with their Bitcoin for.
10:45 So, if they're willing to sell it at
10:46 86,000, that's the price of Bitcoin. So
10:50 uh I think Bitcoin could do a huge
10:52 amount for the world to solve wealth
10:55 inequality to level the playing field
10:57 and to uh you know make make everything
10:60 about people's existence easier and
11:02 better but it involves more people
11:04 adopting Bitcoin and it involves the
11:06 people who have bought some Bitcoin not
11:08 selling it. Um which apparently is what
11:11 a lot of them are doing right now. So
11:13 great time to buy Bitcoin. Bitcoin is
11:14 still on sale. At some point there will
11:16 be a radical increase in the price of
11:18 Bitcoin. And the question is how much
11:20 will you own before that radical
11:22 increase happens as compared to after
11:25 that radical increase happens? Because
11:27 after that radical increase happens,
11:29 you're going to have to pay a whole lot
11:30 more for the same amount of Bitcoin. So
11:33 have a great day everyone. effects.
Disclaimer:
The content provided in this post is for educational purposes only. It should not be considered financial, investment, or trading advice. I am not a licensed financial advisor, and all opinions expressed are my own. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing in Bitcoin or any other assets carries risk, and you should never invest more than you can afford to lose.
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