How do I feel about Bitcoin RIGHT NOW? Price meh, everything else about it, GREAT!

00:01 Hey everyone, let's talk about how I 00:03 feel about Bitcoin right now. Uh the 00:05 short take is the price me everything 00:08 else fabulously great. Which is why in 00:11 investing you've got to be able to focus 00:14 on things other than price. So, every 00:16 single one of the highest performing 00:19 assets in the world, let's call them the 00:21 magnificent seven stocks, which is a 00:24 Amazon, Apple, Facebook, uh, Google, 00:28 Nvidia, Tesla, and there's maybe one or 00:32 two others in there I'm forgetting. 00:34 Every one of those went through periods 00:36 where as a company, the everything but 00:39 the stock price was going amazingly 00:42 well. And the best time to buy any of 00:45 those assets were when everything else 00:47 was going amazing except the stock price 00:49 because the it meant that the stock 00:51 price did not reflect the underlying 00:54 fundamentals of the business. So in the 00:57 case of Bitcoin, it's not a business. 00:59 You don't want your money to be a 01:00 business. Uh in fact, the more it acts 01:02 like a business like the Federal Reserve 01:05 where their job is to print money out of 01:06 thin air and therefore devalue the money 01:09 in your pocket, that's not what you 01:11 want. You want something that nobody can 01:12 do that to. So what are the fundamentals 01:16 of the um of a of a good money? It is 01:19 attributes like divisibility, 01:21 durability, fungeability, verifiability, 01:24 scarcity, which is the most important 01:26 one as well as um you know 01:29 authenticatability and there's a variety 01:31 of others. There's usually between five 01:32 and eight characteristics of a ideal 01:35 money depending on sort of which 01:36 researcher you talk to. So, Bitcoin is 01:39 an rock star in all of those. The 01:41 security of the Bitcoin network is the 01:44 highest it's ever been. The 01:45 decentralization of the network is 01:47 amazing. The fees on the network are, 01:51 you know, very low right now. You can 01:52 transact on the Bitcoin network any 01:54 amount of money for a very, very low fee 01:58 of less than 25, which literally you can 02:01 move a billion dollars right now 02:02 anywhere in the world for like 25 cents, 02:04 which is incredible. So everything about 02:06 the fundamentals fundamentals that make 02:09 Bitcoin amazing are the strongest 02:12 they've ever been. So what's not the 02:13 strongest it's ever been is the price of 02:15 a Bitcoin. Well, why is that? Well, 02:18 because on top of the fundamental 02:21 adoption, the core adoption of people 02:23 who actually need Bitcoin, value 02:26 Bitcoin, and understand Bitcoin, you 02:28 have a bunch of speculators on top of 02:29 that, which is the case in every single 02:31 market. In every single market, 02:33 including every one of those stocks that 02:35 I mentioned, you have the true 02:37 believers, the people who are reading 02:39 the quarterly reports that are following 02:42 blowby-blow every single thing that is 02:44 happening with that asset. You have 02:46 those people and those people are uh 02:51 going to hold on to that asset class 02:52 absolutely no matter what. If you talk 02:54 to somebody who is super into Tesla or 02:57 Amazon or Nvidia, they're not selling 02:59 that stock no matter what. they have an 03:01 incredibly high conviction which means 03:03 the price is not going up and down based 03:05 on them because they are ride or die 03:09 holders of that stock. Um or in the case 03:12 of Bitcoin there is a huge cohort tens 03:15 of millions even hundreds of millions 03:17 that are ride or die Bitcoiners. They 03:20 believe in Bitcoin. They understand 03:22 Bitcoin. They value Bitcoin and they 03:25 understand that the future monetary 03:26 system of the world is Bitcoin. Those 03:29 people are not selling and buying 03:31 Bitcoin on a daily basis, weekly basis, 03:33 monthly basis, or even yearly basis. 03:35 They are only selling Bitcoin when they 03:37 have to buy something to make the lives 03:40 of themselves and their families better. 03:42 And they're buying more Bitcoin every 03:44 opportunity they get. That is how that 03:46 works. Um, so as a result, uh, you get 03:50 the ride or die crowd that owns any 03:53 asset and then you get a bunch of 03:54 speculators on top of that who only 03:56 bought the asset cuz it was going up and 03:59 then as soon as it starts going down, 03:60 they sell the asset. So that's what's 04:01 happening in the world of Bitcoin right 04:03 now. Nobody uh the the the fundamental 04:06 value of Bitcoin has not gone down. it 04:09 has only gone up. Which means the price, 04:11 which is about $82,000 per coin right 04:13 now, is only suppressed because the the 04:17 speculators and the people who were not 04:18 real, the tourists, uh the fakers and 04:22 the phonies, everybody who had no idea 04:24 what Bitcoin was, but they saw that it 04:26 was the best performing asset last year 04:28 and they wanted a piece of that 04:29 performance and they bought some and 04:32 then some group of them spooked by all 04:34 these tariffs and whatever else and now 04:37 they're, you know, the rats fleeing the 04:39 ship. 04:40 is the way they feel. Um the truth is 04:42 they don't understand that, you know, 04:44 they're headed for ice water, right? And 04:45 the ship is not sinking. Uh so anyway, 04:48 that is where we are. And so Bitcoin's 04:50 on sale. So the way I feel about 04:53 everything right now is I'll go item by 04:55 item. The fundamentals of Bitcoin, 04:57 divisibility, durability, portability, 04:59 fungeability, scarcity, 05:01 authenticability, 05:03 um all of the fundamental elements of 05:05 Bitcoin as a money I feel fantastic 05:08 about. it's really as good as it could 05:10 possibly be. Um, and if I mean there's 05:13 just no way to improve it without 05:14 breaking something or making it, you 05:17 know, making it so good and so private 05:20 that criminals would use it. And right 05:21 now, Bitcoin is as private as it can 05:23 possibly be without being a good tool 05:26 for criminals. And it is as cheap to 05:29 transact on the Bitcoin network as 05:31 possible without being so cheap that 05:35 there's too little incentive to mine 05:36 Bitcoin, which is the way that the 05:38 network secures and uh secures itself. 05:41 So you combine and it's like if somebody 05:43 asked me to change something about 05:45 Bitcoin right now, I would not change 05:47 anything about Bitcoin right now. Again, 05:49 other than the price, but the price 05:51 really in the long term is a function of 05:53 adoption. 05:55 In the short term, it's a function of 05:56 speculation on top of adoption. But in 05:59 the in the long term, it is the price is 06:01 reflective of actual adoption. Because 06:03 over time, the percentage of true 06:07 adopters, real adopters, true believers, 06:11 the ride or die types, the percentage of 06:13 those people that are the holders of 06:15 Bitcoin gets higher and higher and 06:17 higher with time. and the therefore the 06:19 percentage of holders that are 06:21 speculating and are pure speculators 06:24 um and don't know what they hold and are 06:26 basically emotionally driven that 06:28 percentage goes down as a percentage of 06:30 the whole over time. So on all of the 06:34 fundamentals I feel fantastic about 06:35 Bitcoin. On the price I feel meh. It's 06:38 annoying that the price is only $82,000 06:41 a coin. Obviously, that's a massive 06:43 blessing for everybody who is 06:44 desperately trying to stack as much 06:46 Bitcoin as they possibly can at cheap 06:48 prices. So, good for you, good for them. 06:51 Uh, cheap prices benefit everyone who is 06:54 not already loaded to the gills on 06:57 Bitcoin. Um, and for somebody like me 06:59 who is already above 99% of my liquid 07:03 assets in in Bitcoin, literally 99% of 07:06 any assets that I control that I could 07:09 invest in Bitcoin are already invested 07:11 in Bitcoin. Obviously, that's a bit 07:12 frustrating because I'm like, dang, 07:15 where's where's some more US dollars I 07:16 could use to buy more Bitcoin? And the 07:18 answer is when you're above 99%, it's 07:20 really hard to find any additional 07:22 dollars to put in Bitcoin. And that 07:25 includes 100% of my 401k, 100% of my 07:29 IRA, 100% basically 100% of anything 07:32 that could be put in Bitcoin on the in 07:34 on the retirement side is in Bitcoin. 07:37 And which leaves the only part that's 07:38 not in Bitcoin, about 1% of my liquid 07:41 assets. Uh that's basically in non- 07:44 Bitcoin stuff in case Bitcoin dips and I 07:47 don't want to sell Bitcoin at a 07:49 discount. So it's in other stuff. uh 07:51 mostly Tesla. Most of what's not the 07:54 less than 1% that is not in Bitcoin is 07:57 mostly in Tesla. Um which I would argue 07:60 is, you know, objectively a worse 08:02 investment, but it does give me 1% 08:05 diversification, which feels like it's 08:07 at least somewhat responsible for 08:09 somebody who's got tuition payments uh 08:12 coming up for my wife and my daughter. 08:15 My wife in grad school, my daughter and 08:17 who starts college in the fall. So, I've 08:20 got a little bit of a non- Bitcoin 08:22 reserve in case Bitcoin dips on the 08:24 exact day that I'm supposed to be 08:26 banking tuition payment. I'll at least 08:28 have the opportunity to pull that from 08:29 somewhere else. But I do feel like this 08:32 is a movie where I've seen the end. I 08:33 feel like I'm in a theater with a bunch 08:35 of people. They're all, you know, 08:38 they're all afraid that this movie is 08:40 going to end with the the beloved main 08:42 character not making it. And I'm sitting 08:45 there, having seen this movie so many 08:46 times that I'm like, it's a very happy 08:48 ending. and the good guys win and you 08:51 know the couple falls in love and the 08:53 main character lives and all this sort 08:55 of stuff, but it's like there's no way I 08:57 can communicate to that to everybody 08:59 other than like Facebook videos. So, um, 09:02 everybody who's been in Bitcoin a long 09:04 time knows that in the end, Bitcoin 09:06 always wins. But for everybody who's new 09:08 to Bitcoin, they don't know that yet 09:10 because this is the first time they've 09:11 seen the movie. And so price dips like 09:13 this are scary. They're scary because 09:15 they haven't seen this movie before and 09:17 it makes them nervous and they wonder if 09:18 they're the last one in. They wonder if 09:20 Bitcoin recovers this time or if they 09:22 bought Bitcoin on its very last rally 09:25 before fading into irrelevance. Well, I 09:28 can assure you that's not the case. Um, 09:30 Bitcoin ultimately does win in the end, 09:33 becomes the future monetary system of 09:34 the world, and everyone who owns Bitcoin 09:36 is way better off. That is just how 09:39 things are going to play out based on 09:40 the fundamentals of how money works, how 09:42 the government prints money, and how 09:44 humans eventually uh catch on to the 09:47 fact that it's better to own a money 09:48 that the government can't print out of 09:50 thin air than to own a money that the 09:52 government can print out of thin air. 09:55 And eventually, everybody figures that 09:57 out little by little, worldwide, person 09:59 by person, they all eventually figure 10:01 that out. It just takes decades. And we 10:04 are in that multi-deade process right 10:06 now. Uh, so I feel like I've seen the 10:09 end of the movie. I feel like, you know, 10:11 it's a great time to buy Bitcoin. But I 10:13 also understand that a lot of people who 10:15 are new to Bitcoin, they don't feel that 10:17 way because this is their first price 10:18 dip or maybe their second price dip. And 10:20 they still just don't have the 10:22 conviction that people like I do who 10:24 have been in this a long time and know 10:27 that it always ends with Bitcoin 10:29 eventually setting a new all-time high. 10:31 So, if I can be of assistance on your 10:33 Bitcoin journey, I am always here for 10:34 anything you need. Feel free to message 10:36 me. Uh, load up on as much Bitcoin on 10:39 sale as you possibly can. And if I can 10:41 answer any questions for you that would 10:42 help build your knowledge and conviction 10:45 about Bitcoin, uh, please let me know. 10:48 Uh, also, I've got a couple super busy 10:49 weeks coming up here uh, in the world of 10:51 Prosper and otherwise. So, um, hopefully 10:54 I'll have a chance to do some videos, 10:56 but it's going to be a whirlwind for the 10:59 next couple weeks of professional work 11:02 and just a bunch of stuff. So, I'm going 11:04 to try to do videos, but I can't make 11:06 any promises for the next couple weeks 11:08 because, uh, in the ups and downs of the 11:11 intensity of all the things I got going 11:13 on, uh, I'm about to hit one of those 11:15 waves of high intensity again. But, I'll 11:18 still try to put out whatever content I 11:19 can, but it might be a little light for 11:21 the next couple weeks, but, uh, I'll be 11:24 right back on top of it as soon as I hit 11:25 another dip in my own insane, uh, too 11:29 much going on. So, but if I can be of 11:31 assistance to you, please let me know. I 11:33 am always here to serve. Thanks and have 11:34 a great night.