Bitcoin will NOT be outcompeted, volatility is NOT a problem, you are not late to the party!

00:01 Hey everyone. I figured I would speedrun 00:03 a couple of quick objections people have 00:05 or questions they have about Bitcoin 00:07 that holds people back and keeps them 00:09 from adopting Bitcoin. Um, so the first 00:12 often when I run into somebody, um, the 00:14 first, and I won't do these in order 00:16 that I posted them in the in the 00:18 description, but the first is they feel 00:20 like they've missed the boat. They feel 00:21 like they're late to the party. First of 00:22 all, that is not the case. Only 3% of 00:25 the world's population has adopted 00:27 Bitcoin. And the total number of 00:30 companies that have adopted Bitcoin as a 00:32 Treasury reserve asset is something like 00:35 1%. And the total number of sovereign 00:38 nations that have a strategic Bitcoin 00:41 reserve is exactly one, the United 00:43 States, unless you count um the Bitcoin 00:46 that El Salvador has been purchasing, 00:47 but they do not have their own central 00:49 bank, for example. Um, so and the number 00:52 of sovereign wealth funds, the number of 00:53 family offices, we're just super early 00:55 in the adoption cycle. So, um, I posted 00:58 an image from River that said, if I 01:00 remember off top of my head, we are the 01:02 equivalent of internet, what was it? I 01:05 think it was like internet usage in 1990 01:07 or uh, online banking in 1996 or social 01:10 media in 2005. Well, Facebook didn't 01:14 even start till 2004. Like so if you 01:17 were doing uh you know if you were using 01:18 the internet in 1990 or you were doing 01:21 online banking in 1996 when most people 01:24 had not even sent their first email or 01:26 you were deep in the world of social 01:28 media literally the year after Facebook 01:30 started when I don't think you could 01:32 even use Facebook unless you were uh at 01:35 a college or university. That's how 01:36 early we are in Bitcoin. uh Bitcoin 01:39 ultimately we will be worth 01:40 conservatively more than a million 01:42 dollars per coin. Um which whatever a 01:45 million divided by 84 is that's like you 01:47 know 13 times bigger than it is now with 01:50 people like Michael Sailor predicting 01:52 much higher than that. Um you know 01:54 prices of 13 million at least 3 million 01:56 a coin up to 13 million a coin which is 01:59 prices are that are infinitely higher 02:01 than that. What is that 30? It's more 02:03 than that. It's like 40x to 130 150x 02:07 where we are today. So we're still very 02:09 early. So anybody who thinks they are 02:11 late to the party or they missed the 02:13 boat on Bitcoin, the question you have 02:14 to ask yourself is how many of your 02:16 friends own Bitcoin and how much of 02:19 their net worth it is it? The fact that 02:21 all of your friends have heard about 02:22 Bitcoin is completely irrelevant. 02:25 Everybody's heard of Bitcoin. What 02:26 matters is how many of your friends own 02:29 Bitcoin. Not whether they've heard about 02:31 it, but how many own it and how much 02:33 does it represent as a percentage of 02:35 their net worth. In my case, of my 02:38 liquid net worth, meaning the assets I 02:40 could even invest in Bitcoin, even if I 02:42 could, it's 99%. I am 99% Bitcoin of my 02:47 liquid assets. But almost nobody in the 02:49 world has that sort of exposure. Most 02:51 people are not above 1% or a half a 02:53 percent or.1%. 02:56 So all of that adoption, all of that 02:58 purchasing power that is will be applied 03:01 to Bitcoin will ultimately make the 03:03 price of Bitcoin run way way way higher 03:05 than it is today. All right, let's talk 03:07 about volatility. Bitcoin is only 03:09 volatile because it's early. It is a 03:11 small ship in a huge ocean. It is a 1.3% 03:15 of the world's money supply and less 03:18 than.2% of the world's assets. So the 03:21 price gets tossed around. And if you 03:22 want to understand the price cycles, 03:24 read uh VJ Boyat's book, The Bullish 03:27 case for Bitcoin. That uh book again is 03:30 the bullish case for Bitcoin. Bullish BU 03:33 L I SH for Bitcoin by VJ Buaati. It will 03:38 help you understand exactly why 03:40 Bitcoin's price does exactly what it 03:42 does. And once you understand it, it 03:44 makes perfect sense. Um and then last 03:46 here other than volatility and missing 03:48 the boat is people are worried about uh 03:51 you know Bitcoin being out competed. So 03:53 in the in the realm of monetary metals, 03:56 nothing has outco competed gold in 5,000 03:58 years. Gold was the scarcest monetary 04:01 metal um and that had monetary 04:03 properties uh or the scarcest metal that 04:06 had monetary properties. And nothing's 04:08 going to out compete gold in metal 04:10 money. But we don't use metal money 04:12 anymore. We use electronic money and 04:14 Bitcoin is the money of the digital age. 04:17 And there has been 20 million different 04:20 meme coins and knockoffs of Bitcoin and 04:23 crazy coins and all of that. And still 04:26 the value of Bitcoin of the Bitcoin 04:29 network, the total value inside of the 04:31 Bitcoin network is about 2/3. It's about 04:34 twice as big as all the other coins and 04:37 tokens combined. I mean, Bitcoin is the 04:40 800 lb gorilla. Nothing's even close. 04:43 Nothing's even ever been close. And once 04:45 you understand how money works, you 04:47 realize nothing will ever compete out 04:50 compete Bitcoin. Bitcoin has the highest 04:52 security profile, the highest level of 04:55 decentralization. It has the anonymous 04:57 creator where we don't know who uh 04:59 Satoshi Nakamoto is and they have not 05:01 been involved uh for years. Bitcoin is 05:03 16 years old 16. Um that is just nothing 05:08 is going to compete with Bitcoin uh in 05:10 for digital money. Now, in the future, 05:12 if we're all laying in a vegetative 05:14 state, communicating by brain waves and, 05:17 you know, using holograms as money, 05:19 well, who knows? Or in heaven one day, 05:22 yeah, there's probably not money in 05:23 heaven because there's no scarcity. But 05:26 for probably the next few thousand 05:27 years, which is the age where humans are 05:31 using electronic money, uh you know, in 05:34 the old world, we had analog money, uh 05:36 which was gold or you know, paper 05:39 currencies in their form. Now we have 05:40 digital money and it's Bitcoin and I 05:43 don't see anything out competing Bitcoin 05:45 for at least hundreds of years if not 05:48 thousands of years. So that's just not 05:49 something you have to worry about. So 05:51 all the things that people get hung up 05:52 on for why they do not embrace Bitcoin 05:55 are things that have a very good answer 05:57 that just requires some effort to go 05:58 find it. Um and if you have those 06:00 questions, ask me. I know exactly what 06:03 resources to point you to to answer any 06:05 question you could possibly have about 06:07 Bitcoin that will uh answer that'll make 06:10 you comfortable with uh embracing it the 06:12 way so many other people have. So, I'm 06:14 here for anything you need. We're super 06:16 early in Bitcoin. Bitcoin is super cheap 06:18 at $84,000 per coin. And uh let me know 06:22 if you need anything. It's crazy you can 06:24 buy Bitcoin this cheap and uh one day 06:26 you won't be able to and it'll be 06:28 infinitely more expensive. So you can 06:30 buy it now for cheap, you can buy it 06:32 later for expensive. That is your 06:34 choice. Have a great day everyone. 06:35 Thanks.