I Just Bought Six Figures More Bitcoin

00:02 Hi everyone, happy new year. I just 00:03 bought an additional six figures worth 00:05 of Bitcoin this morning. Wanted to give 00:07 you the quick story. Um, so I have a 00:10 variety of different private company 00:12 investments. Most of them are not 00:13 liquid, meaning there's no way to sell 00:15 the stock at all. Uh, even if I wanted 00:17 to. Well, one of those really small 00:20 companies I invested in three or four 00:22 years ago, it's been a number of years. 00:23 one of those really small companies, the 00:25 stock was suddenly um be going to be 00:28 liquid and I could sell it as early as 00:31 the first market day where the stock 00:33 market was open in 2025, which was today 00:36 since the stock market was closed for 00:37 New Year's Day uh yesterday. Um so, uh 00:41 obviously, as I've said before, I buy as 00:43 much Bitcoin as I possibly can whenever 00:45 I have liquidity. And even though on 00:48 that the specific company stock it was I 00:50 was essentially uh selling it for 00:52 roughly the same as what I paid for it 00:55 you know three and a half years ago uh 00:57 almost four years ago. Um still I think 01:00 uh the risk of that company was way way 01:02 way higher than the risk of Bitcoin. Uh 01:04 so the I think the upside of Bitcoin 01:06 Bitcoin has huge upside and a much much 01:09 much much like infinitely lower risk 01:11 profile. And so uh so I just I thought 01:14 about it. I thought, you know, I could 01:15 hold on to that company's stock and it 01:18 might outperform Bitcoin. In fact, you 01:20 could make a credible argument that it 01:22 might outperform, you know, Bitcoin at 01:24 2x, you know, but it might go up twice 01:26 as fast as Bitcoin or even more. The 01:29 problem is that that company had a risk 01:31 profile of 10x or 20x or 50x or 100x 01:34 bitcoin. Meaning the probability I would 01:36 not get my money back was much much much 01:39 much higher than the probability that I 01:42 would get 50% more than the you know 01:44 than the appreciation of bitcoin or 100% 01:46 more or something like that. Obviously I 01:48 could be wrong but I make riskreward 01:50 decisions. And you know, if I wanted 01:53 something to outperform Bitcoin, 01:55 virtually any penny stock could 01:57 outperform Bitcoin. The problem is they 01:59 probably won't. There's a 99% chance 02:02 that penny stocks will go to zero. Um, 02:05 there's a 99% that all the crypto other 02:08 than Bitcoin will go to zero. Um, but 02:11 you know, Bitcoin has the ability to 02:13 have incredible upsides with low risk. 02:16 One second. 02:19 So anyway, um I always look at things on 02:22 a riskreward basis and the risk of 02:23 Bitcoin at this point as a $2 trillion 02:26 asset is quite low and the upside of 02:28 Bitcoin is still, you know, 9x 10x from 02:31 the current price just to get to parody 02:32 with gold and parody with gold is in my 02:35 mind just getting started because 02:37 Bitcoin is so much better than gold. So 02:39 anyway, as soon as the stock market 02:41 opened this morning, I sold off all the 02:43 shares in the small company that I could 02:45 now or sell the stock at as of market 02:48 open on January 2nd. Um, it was on 02:51 Fidelity and I wanted to straight up 02:53 immediately buy Bitcoin with it, but um, 02:56 it's I have to move the money over. Even 02:59 though you could buy Bitcoin on 02:60 Fidelity, you have to move the the 03:02 assets between the regular stock 03:04 portfolio of of Fidelity and the crypto 03:08 portfolio of Fidelity. And I didn't have 03:10 time to figure out that this morning. 03:12 So, I just uh immediately brought FBTC. 03:15 So, I basically sold the stock in the 03:17 small company and bought FBTC, which is 03:19 the Fidelity Bitcoin ETF, and I will 03:22 just hold it in the Fidelity Bitcoin ETF 03:24 until I either liquidate it to the US 03:27 dollars to move to Coinbase and buy real 03:29 Bitcoin, um, which is my plan, or if I 03:32 can find a super easy way of holding it 03:34 in Fidelity Crypto, which will actually 03:37 hold it in in Bitcoin form rather than 03:39 ETF form, uh, I might do that. But uh 03:41 there's really no point in having it in 03:43 Fidelity crypto rather than the ETF 03:44 because Fidelity does not allow you to 03:46 move the Bitcoin to other Bitcoin 03:48 addresses. You can only buy it and sell 03:50 it, which is basically all you can do 03:51 with the Fidelity Bitcoin ETF anyway. 03:53 So, uh I will probably as soon as I get 03:56 a minute, um I will uh find a way to 03:60 link up my Fidelity account to my Wells 04:03 Fargo account, which I don't think is 04:05 linked right now. I've never had a 04:06 reason to link it in the past. So, as 04:08 soon as I get a chance, I will link up 04:09 my Fidelity account with my Wells Fargo 04:11 account, and that way I can liquidate 04:14 the SBTC, Fidelity Bitcoin ETF, uh, wire 04:19 transfer immediately over to Fidelity, 04:22 sorry, to Wells Fargo, unless there's 04:24 some reason I can't do that there. 04:26 There, you know, I might have to wire 04:28 transfer, but there's a chance I can do 04:29 it like I know I can wire transfer, but 04:30 there's a chance I can do it like a 04:32 direct payment. Um, uh, I don't know. I 04:36 don't know if Fidelity and Wells Fargo 04:38 will allow you to do uh direct back and 04:40 forth payments. Uh but anyway, if not, 04:42 I'll wire transfer and if I wire 04:44 transfer, then it'll take a day. Uh and 04:46 if it takes a day, then I will be out of 04:49 the market for a day. But it's worth it 04:51 to me to be out of the market for a day. 04:53 um rather than uh and to have actual 04:56 real Bitcoin on uh Coinbase, which I can 04:58 im immediately then move to Bitkey for 05:01 self-custody, I would rather have that 05:03 than be sitting in the Fidelity Bitcoin 05:05 ETF. Now, for retirement funds, I just 05:07 keep everything in the Fidelity Bitcoin 05:09 ETF. Uh because for retirement funds, I 05:12 don't want to go through the trouble yet 05:14 of moving everything over to um to 05:16 Unchained Capital, which allows you to 05:18 do a self-custody uh Bitcoin uh IRA. So 05:22 right now right now the retirement stuff 05:24 is all on Fidelity uh using just 05:27 Fidelity uh retirement funds with FBTC 05:31 and as soon as I can get and the reason 05:33 since I sold the small company stocks 05:35 that's not in a retirement fund which is 05:36 why I will move it over as soon as I can 05:39 um from FBTC to back to US dollars. move 05:43 those dollars to Wells Fargo and 05:44 immediately suck those dollars from 05:46 Coinbase out of Wells Fargo into 05:48 Coinbase, buy Bitcoin, and then move the 05:50 Bitcoin over to Bit Key for safe 05:52 long-term self-custody. Um, so anyway, 05:55 that's the quick story. Um, I got a van 05:58 full of kids and they're trying to 06:00 videobomb photobomb this video. But 06:03 anyway, um, so, uh, anyway, that's the 06:05 short take. So, the Bitcoin I bought was 06:07 at about 97,000 a coin, which is roughly 06:09 in the ballpark of where it is right 06:11 now. So, if you're curious, is now a 06:13 good time to buy Bitcoin? Well, that's 06:14 what I'm doing. And the, you know, I 06:17 bought more than six figures of it this 06:19 morning with dollars that I could use 06:21 for anything, but I wanted them to be in 06:23 Bitcoin because that's where I store all 06:25 of my long-term value. Uh, or at least, 06:27 you know, somewhere between 97% and 98% 06:30 of my long-term value. So, um, so 06:32 anyway, so, um, as soon as I got 06:34 liquidity on that small company, moved 06:35 it over, and it will ultimately end up 06:37 in Bitcoin, safely, self-custodied, uh, 06:40 in BitKey. And that's the quick story of 06:42 this morning. So, uh, if you got any 06:44 questions, let me know. Uh, otherwise, I 06:46 think it's a great time to buy Bitcoin. 06:48 Welcome to 2025. Uh, we're coming into 06:51 bit, you know, 2025 with Bitcoin below 06:53 $100,000 per coin, which means uh, it's 06:56 on sale. It's always on sale, but it's 06:59 especially on sale below $100,000. Uh, 07:02 and that's why I couldn't resist. I I 07:03 considered leaving uh the money in the 07:05 small company just because normally if I 07:08 if I do all the research to buy 07:09 something, you know, I don't just dump 07:11 it the first chance I get. I mean, my my 07:13 typical MO is if I'm going to do all the 07:15 work to make a a private company 07:17 investment, then I'm planning to hold it 07:19 for the long term. And in this case, I 07:20 had held this company for between three 07:21 and a half and four years. And but I 07:24 looked at I was like, seriously, Bitcoin 07:26 under 100 grand? I'm not going to just 07:28 sit there and watch Bitcoin chill under 07:30 100,000 without taking some of that off 07:33 the hands of the poor fools that are 07:34 selling it for less than 100 grand. So, 07:36 you know, if you dangle it long enough 07:39 below 100 grand, I'm going to go get 07:41 liquidity somewhere else and take that 07:43 Bitcoin. And so, anyway, so I got, you 07:46 know, you know, six figures of more 07:48 Bitcoin as of this morning. And, you 07:51 know, we'll see how it goes. Uh I'm very 07:53 bullish longterm. Think it's a great 07:54 time to buy Bitcoin and think it is by 07:57 far the best riskreward um asset you 07:60 could possibly buy, you know, right now 08:02 and buy a long shot. So, uh wanted to 08:04 get a quick video out this morning. 08:06 Happy New Year everyone. Great time to 08:07 buy Bitcoin and I'll do a lot more 08:09 videos, but this was just the first 08:11 chance I got in the new year and wanted 08:13 to get a video out there with some 08:14 highlights. So, good luck everyone. I'm 08:16 here. If you need anything, if I can do 08:18 anything for you, call me, message me, 08:19 send me a um, you know, a text message 08:22 or uh, shoot me a Facebook uh, Facebook 08:24 message, anything. I'm here to help. Any 08:26 question you could possibly have. I love 08:28 answering questions about Bitcoin. Uh, 08:30 so, you know, any question you possibly 08:32 have, send it my way. Happy to answer 08:34 it. Happy to help you in any way I can. 08:36 Most of the time, I've done Facebook 08:37 live videos on the questions people 08:38 have, and it's super easy for me to drop 08:40 you a quick link to that video. So, have 08:42 a great day, everyone. Fix.