How could Bitcoin be SO AWESOME if it isn’t DOING ANYTHING right now?!

When people act like Bitcoin is not doing anything right now, first of all, they misunderstand what Bitcoin is always doing. Bitcoin is always moving vast amounts of value all over the world instantly all the time. So in the last 24 hours, Bitcoin moved more than $30 billion of value from Bitcoin holders to other Bitcoin holders. So just on the Bitcoin network itself, more than $30 billion of value was transferred. And that does not count all the value that was transferred on the Bitcoin lightning network and other uh layer 2 solutions which are scaling solutions for payments on top of the Bitcoin network. In addition to the more than $30 billion of value transferred on the Bitcoin network from Bitcoiners to Bitcoiners where the native currency was Bitcoin, more than $60 billion was exchanged in and out of Bitcoin. This is people using Bitcoin as long-term holders who are converting it into their local spending currency or that are using um that are buying uh things with like the Coinbase debit card or the Coinbase credit card which they might be uh using it somewhere that accepts US dollars and it's converting that Bitcoin real time for them uh to whatever the local currency is whether it's euros, yen, one, you know, uh British pounds u whatever. So anyway, Bitcoin is doing what it does incredibly well to the tune of tens of billions of dollars every 24 hours. So why is the price still only checks watch $92,000? Uh well because still a relatively long small percentage of the world has adopted Bitcoin. Only something like 5% of the world owns any Bitcoin. And the adoption process of Bitcoin is slow. If you don't believe me that the adoption process of Bitcoin is slow and methodical, go try to talk to somebody about Bitcoin who doesn't know anything about it other than the name. And I can promise you it is going to take you hours, days, weeks, or years to help them understand what Bitcoin is and why it is valuable to them. Now, eventually they will all get it. Just like in the early days of the internet, it took a very long time for people to understand the value. So, I want you to picture yourself in 1995 trying to convince someone that the internet was going to be an insanely big deal 30 years later in 2025, okay? Or even 10 years later in 2005. And the conversation starts with there's a thing called the internet. And their answer is, "Oh, I've heard of the internet." And you say, "Well, do you use the internet?" "No, but I've heard of the internet." You're like, "Well, it's going to be a really big deal." And they're like, "Yeah, but I feel like I've heard about it and if it already was a really big deal, I'd already be using it." and because I'm not already using the internet in 1995, it probably is not going to be a big deal. And you're like, "No, no, no. It's this huge deal. It's going to connect the entire world." And their response is, "Yeah, but why would I want to connect the entire world? Like, what value does that bring to me?" And you're like, "Well, you can talk. You'll be able to talk on the phone to anyone in the world." And they're like, "Well, I can already get a long distance card, calling card, and I can already call people on the other side of the world. It's kind of expensive, but I can already do that, and I don't need to do it very often." and you're like, "Okay, but you're going to be able to do like video call them." And they're like, "Yeah, but I'm not sure I want them seeing my face. You know, what if I don't have makeup on or something like that?" And you're like, "Okay, uh, you'll be able to like uh shop online for anything you need." And the person's like, "Well, I can already go to Walmart. Like, what do I need to buy online that I can't buy in my local town?" Like, you can envision yourself talking to this person in 1995 trying to explain that, hey, you know, they don't even have a cell phone. You're like, "Yeah, but you're going to have a smartphone." And they're like, "I don't even know what a smartphone is, much less a cell phone." And you're telling me that this cordless phone on my wall where I have to stay within 30 ft, like that's good enough for me. I can walk out in the yard. You're like, "No, you don't get it. It's going to be huge." Like, they just don't get it. So, that's where we are with Bitcoin. The vast majority of the world does not get Bitcoin, but they will. Like the internet, they didn't get it, but they will. And as they do, the adoption will increase. As the adoption of Bitcoin increases, the price of Bitcoin increases because the no total number of people that hold Bitcoin increases. And the price has to reflect the supply and demand of how much Bitcoin there is and how many people want to own it and hold it and store value in it. And right now with 5% of the world holding Bitcoin and most of those people owning only a very small amount of Bitcoin, the price is $92,000 per coin. At some point in the future, the price of Bitcoin will be significantly above $1 million per coin because a much higher percentage of the world will own Bitcoin. And the percentage of the world that owns Bitcoin will own a much larger percentage of their net worth in Bitcoin than today. Even today, a huge number of people that own Bitcoin only own, you know, $50 or $200 or something like that. Uh, but they could have the same person who has $200 of Bitcoin may have tens of thousands of dollars in a stock portfolio or a 401k or an IRA or a Roth IRA. Eventually, very large percentages of all of those assets will be in Bitcoin. Increasingly, that's already the case, but we're still very early in that process. So, Bitcoin, if you want to know if Bitcoin is alive, you know, the Bitcoin blockchain is processing transactions every every 10 minutes. The Bitcoin blockchain spits out a new block. You can track it all at meool.space. That's mp o l.space. Those seven letters, mem stands for memory. Me- m o l. Pool as in like a swimming pool. Me, one word. Meool. Space. S P A C like SpaceX rockets or something. Anyway, me.space. And you can see in real time the lifeblood and the heartbeat of the Bitcoin blockchain processing transactions worth millions, tens of millions, billions of dollars of transactions every day. Tens of billions of dollars of value being transferred all over the universe every 10 minutes. So uh you can go watch that real time and the Bitcoin lightning network transfers huge amounts of value. Although there's not a way due to, you know, it's much more private. So, there's not a way you can watch the Bitcoin lightning network uh in real time the way you can the Bitcoin onchain network or although there are websites that let you uh track things like that, but I just don't know them off the top of my head. So, the Bitcoin network is processing tens of billions of dollars of transactions every 24 hours. People are exchanging in and out of other currencies to and from Bitcoin to the tune of more than $60 billion every 24 hours. Bitcoin is absolutely very much alive and well and as adoption continues over time which takes time and again if you don't believe it takes time for the world to adopt Bitcoin try to convince anyone you know who doesn't get Bitcoin to get Bitcoin and you will see it's hard it's a rigorous pro process it takes time Bitcoin is hard to understand just like people who didn't understand the internet it was hard to understand how the internet works and how it will create value for the world, but eventually the whole world adopts it. Same with Bitcoin. It's hard to understand, but eventually it adopts it. So, it's as simple as that. That's all there is to it. And if you have any questions, let me know. I am here to serve for anything you could possibly want to know about Bitcoin. In the meantime, it'll be the Bitcoin network will be firing away, processing transactions every minute of every day, working just fine, just like it was intended.