If bitcoin is just going to keep going up, why would you spend it on anything ever?

00:01 Hey everyone. If Bitcoin is just going 00:04 to keep going up, as I believe it will, 00:06 obviously ups and downs along the way, 00:08 but o overall keeps going up, then why 00:10 would you ever spend it on anything 00:12 ever? Uh, a couple thoughts there. Well, 00:14 one, as you know, I use the Coinbase 00:16 debit card uh for anything in my life 00:19 that costs less than 00:20 $2,500. Uh, it has a $2,500 limit, so 00:24 obviously I can't spend it on anything 00:26 that's more than $2,500 in a day. Um, 00:29 but for everything that's less than 00:31 $2,500, I buy uh Bitcoin. I use I should 00:35 say I use Bitcoin to buy whatever it is. 00:37 So, if Bitcoin is just going to keep 00:39 going up forever with the ups and downs 00:41 along the way, but in the in the big 00:43 picture going up, why would you ever 00:44 spend Bitcoin on every on anything ever? 00:47 Well, the first reason is because I have 00:50 almost 100% of my net worth in Bitcoin. 00:52 The only thing I don't have in Bitcoin 00:53 is pretty low balances in my bank 00:55 accounts. uh just so I if I write a a 00:58 check to a babysitter, it doesn't 00:60 bounce. So I have very low bank account 01:02 balances and then obviously, you know, 01:04 the vast majority of my Bitcoin is 01:05 locked up in extremely secure, you know, 01:08 multi- signature cold storage that's 01:10 super hard to get to and you know has 01:13 has a a massive sort of security profile 01:16 around it. Um but why would I spend any 01:18 Bitcoin at all? The answer is because I 01:21 care about living my life and I care 01:22 about my family. And the you could say 01:26 so so I don't have US dollar cash to 01:28 spend on stuff. So the alternative to 01:31 not spending Bitcoin on stuff would be 01:33 to not buy anything at all. Well, I've 01:36 got to eat and my family needs, you 01:37 know, clothing and shelter and 01:39 transportation and all that, so I've got 01:40 to spend something. And if you keep all 01:43 of your net worth in Bitcoin, then the 01:44 only something you have to spend is 01:46 Bitcoin because there's not any US 01:48 dollars otherwise to spend. So I don't 01:51 keep US dollars around to spend on food 01:55 and you know transportation, housing, uh 01:58 you know uh clothing, all that sort of 02:00 stuff. Which means if I was not using 02:02 Bitcoin to buy stuff, then we would not 02:04 have clothes or food or shelter or 02:06 transportation. And obviously those are 02:08 the four things you got to have to live. 02:11 Okay. So, um, so you got to buy those 02:14 things somehow. And I don't have US 02:15 dollars to buy those things because I 02:17 already converted the US dollars that 02:18 would have been used to buy those things 02:20 into Bitcoin. So, I've got to use 02:21 Bitcoin. And I like that I have to use 02:23 Bitcoin because in general over time, I 02:27 am, you know, paying less and less and 02:29 less for the things I buy than I would 02:31 be if I were using US dollars. Okay. 02:34 Now, the quandry about spending Bitcoin 02:37 on stuff uh applies no matter how you 02:40 have your money invested. So, even 02:42 though inflation eats up 4% to 9% of 02:46 your money every year, if you're in US 02:48 dollars, you can put money in the stock 02:51 market. And then you have the exact same 02:53 quandry I have, which is let's assume 02:55 the stock market outperforms inflation 02:58 by 2 or 3% per year. Maybe it's just 03:00 probably in the ballpark. I don't know. 03:01 It's a little it's ever so slightly 03:04 higher than inflation, whatever that is. 03:06 So, I could ask the same question of 03:07 you, which is why do you spend any money 03:10 on anything instead of just invested in 03:13 the stock market and your purchasing 03:15 power will go up 2 or 3% per year and 03:17 that exact same money can buy you 2% or 03:19 3% more stuff next year by keeping in 03:22 the stock market next year? And the 03:24 answer is because by that logic, you'd 03:26 never buy any stuff. You would not buy 03:27 any clothing, transportation, housing, 03:30 or food. and you need those things. And 03:32 also, life is short. You want to buy 03:34 other 03:35 things. There's other things you value 03:39 that you want to buy. And you know, you 03:42 don't want to wait. You don't want to go 03:44 live your best life when you're 80 years 03:46 old and live uh you know a meager 03:49 existence until then because you know 03:51 God made the world and the world is 03:52 awesome and it's fun having you know 03:54 certain things that make life richer and 03:57 more interesting while you're young and 03:59 while you're still here um and you're 04:01 not you know 80 or 90 or 95 years old. 04:04 So uh which means if you have you know 04:08 your wealth in the stock market or in 04:09 Bitcoin you're going to have to 04:10 liquidate some of that to buy whatever 04:12 it is you need. Now, sometimes there's 04:13 exceptions, like a couple months ago 04:15 when I bought my Tesla, uh, my 2026 04:18 Tesla Model Y Launch Series Edition, 04:21 which is what I drive now. Um, I should 04:24 say what I drive when I'm not traveling. 04:25 When I'm in the US, that is what I am 04:27 driving. Um, so, um, I could have 04:30 liquidated Bitcoin. The price of Bitcoin 04:32 at the time of the purchase was 04:34 $85,000. But thankfully, the fiat 04:37 financial system, which means the old 04:39 school government-run money system, was 04:41 willing to lend me money at 6% interest. 04:44 And so I went to Trustmark, one of the 04:46 local banks here in Mississippi. I went 04:47 to Trustmark. They gave me a 5-year 04:50 loan, 60 months, 60 months at 6% 04:53 interest. And I use that money to buy my 04:56 Tesla. And what happens every month is I 04:58 liquidate just enough Bitcoin to pay the 05:02 car payment on that Tesla. So, right 05:05 now, as this car payment comes up, uh, 05:07 comes due, Bitcoin's at 05:09 $104,000. So, a car payment that had I 05:12 liquidated the Bitcoin at $85,000, 05:16 um, obviously it would have cost me a 05:18 lot more Bitcoin to make that car 05:19 payment than if I borrow US dollars 05:22 using the car as collateral because the 05:24 car is collateral. I mean, if I don't 05:26 make the payments, they will repossess 05:27 the car. That's how that works, which of 05:29 course is not going to happen because I 05:30 could pay for the whole car, you know, 05:32 right now with cash. Um, it's not cash 05:35 cash, but I could I could liquidate 05:37 enough Bitcoin to pay for the entire car 05:39 with US dollars like right now easily. 05:42 So, um, anyway, so, you know, that 05:45 doesn't mean I wouldn't have to jump 05:46 through a bunch of, you know, hoops and, 05:48 you know, go tap my cold storage ultra 05:51 seccure Bitcoin, but over, you know, 05:52 over the course of a week or two, I 05:54 could jump through the hoops and, you 05:56 know, get access to enough Bitcoin to 05:58 pay off that car completely. Uh but I 06:00 don't want to do that because the world 06:02 has been is willing to lend to me uh US 06:04 dollars at 6% interest and I believe 06:07 Bitcoin will go up infinitely more than 06:09 that and so I will just borrow them the 06:12 money to buy the Tesla from Trustmark 06:14 and I will pay them back with 6% 06:16 interest and that's ridiculously cheap 06:19 by comparison as opposed to using 06:20 Bitcoin and I'm already getting to make 06:23 car payments with Bitcoin at 104,000 06:26 instead of 85. Now, there's tougher 06:28 decisions. Uh the the two easy places 06:31 where the world will loan you money is 06:33 cars and houses. Uh now, I'm not saying 06:36 you should go into, you know, more debt 06:37 than absolutely necessary on either 06:39 front. I'm just saying for somebody like 06:41 me who could pay off a car, you know, I 06:45 mean, my I own all my other cars. All 06:47 the other cars I own for my wife and two 06:50 kids were all paid for with cash. Like, 06:52 I literally showed up with a check in my 06:54 hand. And so I've never had a car 06:56 payment in my life until this Tesla. And 06:59 the only reason I'm willing to have a 07:00 car payment for this Tesla is because I 07:02 could easily afford it regardless. And I 07:05 just want to game the, you know, the 07:07 fiat financial system of government 07:09 money. And so I'll just borrow the, you 07:11 know, borrow the infinite money, which 07:13 is US dollar that they print more out of 07:15 thin air. And that will let me preserve 07:17 the Bitcoin money, which will preserve 07:19 its value much longer. And hopefully 07:21 over the course of 5 years, these car 07:24 payments will basically be they'll start 07:26 feeling like they're practically free 07:27 because the Bitcoin I'm using to pay for 07:29 them is up 500% from the price I paid 07:32 for the car. So it'll be the equivalent 07:34 of buying a brand new Tesla for $10,000, 07:37 which is pretty great. Um, so anyway, 07:39 uh, so Cars and Houses, they will let 07:41 you borrow relatively cheap capital for, 07:44 but other things they will not. So I 07:46 actually have a quandry right now 07:48 because when I am in the US, I am 07:51 usually in Mississippi and for whatever 07:54 reason the places I stay in Mississippi 07:57 uh tend to have uh poor power, meaning 07:60 the power goes out a lot. Um especially 08:02 with the massive, you know, dying off of 08:04 a gazillion pine trees that happened uh 08:06 throughout the southeast, uh it seems 08:09 like pine tree limbs and pine trees 08:11 themselves are constantly falling on 08:13 power lines in Mississippi. uh because 08:16 they a bunch of them died all at one 08:18 time with the big drought a couple years 08:20 ago, two years ago, two summers ago. Um 08:23 so as a result of that, the power seems 08:25 to go out a lot. And so obviously it's 08:27 convenient if the power didn't go out. 08:29 Um so uh one solution is to get a 08:32 generator. Now a generator, not like a 08:35 little dinky one, but like a real 08:38 generator that can power my entire house 08:40 and everything in it. security systems, 08:42 the whole well the security systems have 08:44 their own battery backup. So they they 08:46 don't really matter, I suppose, but uh 08:48 the other stuff, the oven, the air 08:49 conditioners, the you know, hot water 08:52 heater, all that sort of stuff, all the 08:53 regular comforts of life, a generator 08:56 that can power all of that stuff easily, 08:58 uh without having to be super selective 09:00 on what you turn on and what you to turn 09:02 off, and can power that from the natural 09:04 gas supply costs about $20,000. 09:08 20,000, which is a lot. So right now 09:10 that is 1/5if of one bitcoin. So I look 09:13 at that and I'm like are the 09:14 conveniences of having power worth 1/5if 09:18 of one bitcoin. Now right now they're 09:20 not. It's not worth 1/5 of one bitcoin 09:21 to me to have the conveniences of power 09:24 for non-essential functions. Again 09:26 essential functions security systems all 09:27 that sort of stuff. That's on you know 09:29 its own backup power anyway. So it 09:30 doesn't matter. But for the just the the 09:34 conveniences of life of not laying in 09:36 bed hot because the air conditioner 09:38 won't work cuz the power's out. uh is 09:40 not worth oneif of one bitcoin. But 09:42 let's assume bitcoin goes up to $200,000 09:45 and now uh backup power generation cost 09:48 costs one10enth of one bitcoin instead 09:51 of 1/5if of one bitcoin. So it goes from 09:54 uh from uh uh 2 bitcoin down to just 0.1 09:58 bitcoin with bitcoin at 200,000. Well, 10:01 at that point you could make the 10:03 argument that maybe it switches. Uh, 10:06 maybe it's worth it to me to live a life 10:08 where the power never goes out. Maybe 10:10 it's worth onetenth of one Bitcoin. Now, 10:12 you could argue, but wait, if you buy 10:15 this generator for one/10enth of one 10:17 Bitcoin for $200,000 and one day Bitcoin 10:22 is worth $2 million, you know, like a 10:25 decade or two after that, doesn't that 10:27 mean you practically paid uh instead of 10:30 $20,000, you paid like $200,000 for this 10:34 generator? And the answer is yes. But 10:37 what's the alternative? The alternative 10:39 is to never live your your life and 10:41 never buy anything. And at some point, 10:44 life is short and it's worth at some 10:47 point having things that make your life 10:50 better. For example, travel is the same 10:52 way. You can't finance travel. So, my 10:55 family has done a relatively large 10:57 amount of international travel. Um, I 10:60 mean, we've been all over the place from 11:01 Ireland to Thailand to, you know, 11:04 Honduras. We've just gone a bunch of 11:06 places. Anyway, all of that is expensive 11:08 and none of that is finance finance 11:11 financable meaning nobody's going to 11:13 loan my family money to go to Thailand 11:16 or to go to Ireland or to go to Honduras 11:18 or to go to, you know, any of the other 11:20 places we have been, which means we're 11:23 funding those trips with Bitcoin at the 11:26 times we take them. And that is Bitcoin 11:28 that will appreciate in value, which 11:30 means over time those trips will get 11:33 more and more and more expensive. But 11:35 what's the alternative? The alternative 11:36 is to not take the trips at all. And at 11:39 some point when you have enough Bitcoin 11:41 that you feel good about living your 11:44 life a bit, um, then it makes sense to 11:47 do things that involve that. Now, maybe 11:50 you only have $1,000 of Bitcoin or 11:53 $10,000 of Bitcoin. But when that 11:55 Bitcoin when you bought it at, you know, 11:57 $500 and it's worth a,000, maybe it's 11:60 worth buying something nice for a h 100 12:01 bucks. If you buy $10,000 of Bitcoin and 12:04 it goes up to $50,000, there's nothing 12:06 wrong with taking a nice trip. It's just 12:08 it's the exact same thing I'm talking 12:09 about. It's just a qu question of scale 12:13 uh of sort of when when does it make 12:15 sense to justify something? So, in my 12:17 case, I've held Bitcoin since 2017. 12:20 That's been 8 years. The original 12:22 Bitcoin I bought is up more than 10x. 12:25 Um, so most of that early Bitcoin 2017, 12:27 2018, my average price was probably just 12:31 under $10,000, maybe $9,000, uh, 12:34 something like that. Cheapest Bitcoin I 12:36 ever bought was 12:37 6,400. But, um, but most of that early 12:40 Bitcoin was above or below 10,000, so it 12:43 averages to probably 9,000, uh, 12:45 something like that. Well, I'm okay with 12:48 Bitcoin I bought at 9,000, you know, 12:51 being at 100,000 and peeling a little 12:54 bit of money off to go take an 12:56 international trip with my family to 12:58 create memories and experiences that my 13:00 family would otherwise never have. Like, 13:02 I'm okay doing that. But again, there 13:05 there's two ways to look at that. One is 13:06 that, but wait a second, you know, let's 13:08 say, you know, an expensive, you know, 13:10 international trip costs with flights 13:12 and everything. I mean, flights are 13:14 insanely expensive if you haven't 13:15 checked them recently, especially 13:17 flights to Asia. Um, so you could easily 13:19 run, you know, 10, 20, $30,000 for a a 13:24 trip. Um, again, depending on where 13:26 you're going and how long you're 13:27 staying, but um, even let's let's use a 13:29 round number. Let's say you go on a trip 13:32 that cost you $10,000, which I can tell 13:34 you if you're going to Asia for a couple 13:35 weeks, it's going to be more than that, 13:36 but let's let's say it cost 10 grand. 13:38 Okay, so 10 grand. One way to look at 13:41 that is to say, "Wait, but I spent 13:43 $10,000 on a trip and when Bitcoin in 10 13:45 X's, it'll I'll have spent I'll have 13:48 spent $100,000 on that trip. That's 13:50 crazy." Yeah. But another way to look at 13:52 that is to say, I bought that Bitcoin 13:54 that I spent for 10,000 for $1,000. So, 13:57 are you going on a $100,000 trip or are 13:59 you going on a $1,000 trip? And the 14:01 answer is once you hold Bitcoin long 14:03 enough, I look at it the, you know, the 14:05 second way, which is look, I'm not 14:06 looking at or I guess the first way 14:08 depending on how you order them. I'm 14:09 looking at it through the lens of 14:10 saying, "How much did I pay for this 14:12 Bitcoin?" Because however much I paid 14:14 for this Bitcoin, that's what I'm really 14:17 paying for this trip. The opportunity 14:19 cost in the future, that's a future 14:22 version of me. Like, I don't, you know, 14:24 I'm not going to save all of my money 14:25 until the day I die. Like, I'm going to 14:28 live a little bit and then I'm going to 14:30 spend most of all the money I make in my 14:32 entire life finding ways to make the 14:34 world a better place. And the vast 14:36 majority of wealth I've ever generated 14:38 has gone has been spent on other people. 14:41 It's been spent on political campaigns, 14:43 public policy initiatives, you know, 14:46 donations to nonprofits. I mean, you 14:48 know, my wife and I have given away, you 14:50 know, vast amounts of money, far far far 14:53 more money than we've spent actually 14:54 just living our lives. But again, that 14:56 doesn't mean we don't live our lives. 14:58 And we view the same with charitable 14:60 giving. Like if I give a charitable 15:02 organization money right now, if I give 15:05 an organization $10,000, uh, and I know 15:08 that they're going to spend it, of 15:09 course, what I usually do is I'll I give 15:11 it in the form of Bitcoin, and I tell 15:13 them they have to wait at least a year 15:14 before they spend it, and ideally 15:15 longer. And my my hope is to encourage 15:18 them to create a strategic Bitcoin 15:19 reserve for whatever the organization 15:21 is. Um, but if I give the organization 15:24 $10,000 with an expectation that they're 15:27 going to end up spending it in the near 15:28 term, one way to look at that is to say, 15:30 "Yeah, but if I had held on to that 15:32 money and it doubles, then I could give 15:34 them 20,000." Yeah. But the other way to 15:36 look at it is, "Yeah, but what about all 15:38 the people that would have benefited 15:40 from that donation that are not going to 15:43 benefit from that donation because I'm 15:44 just sitting on it waiting for the 15:46 future?" And the way I view public 15:48 policy and uh political campaigns and 15:50 things like that is the earlier in human 15:53 history that you can effectuate a 15:56 change, the more people benefit. So 15:58 there are major changes I made it to the 16:01 legal system and uh and you know the 16:04 laws, rules, regulations, etc. of 16:06 Mississippi. There are major changes I 16:08 made in 2017, 2018, 2019 and 2020, 2021, 16:12 2022. I could have just bought Bitcoin 16:15 with all the money that it took to make 16:16 those changes and then tried to make 16:18 those changes now. But the answer is, 16:21 but I guess the problem is, okay, but 16:23 even if I had quadruple or even 10x the 16:26 amount of money to spend right now, what 16:28 about all the people that did not 16:29 benefit between 2017 and now? Am I just 16:33 going to leave all of the injustices in 16:35 the world in place with the hope that in 16:37 the future I can fix those injustices 16:40 with more money because Bitcoin went up? 16:42 And you know, at some level it's worth 16:44 doing that to some degree. I'm certainly 16:46 not going to spend down all of the 16:48 capital I have for those purposes. But 16:50 I'm also not going to sit on it all 16:51 either because people have real needs 16:54 right now. Laws need to change. Things 16:56 need to improve. things. People can 16:59 benefit right now for things I donate 17:01 Bitcoin to. And if I just wait, yeah, 17:04 the Bitcoin goes up in value, but what 17:06 about all the people who will miss out 17:07 on that benefit between when I could 17:10 have made the donation and now? So, it's 17:12 obviously a balance because I'm not 17:14 giving away all the Bitcoin that I've 17:15 set aside for charitable giving. I'm 17:17 certainly not giving away all all of 17:18 that now, but I'm certainly not sitting 17:21 on all of it indefinitely either. It's a 17:24 balancing act to make make the highest 17:26 change I can today in the world, but 17:28 still having enough Bitcoin left over to 17:30 make the change I anticipate I will want 17:32 to make in the future. And while the the 17:34 the majority of the balance continues to 17:36 increase in value, I am certainly 17:38 peeling off Bitcoin and giving it to 17:40 various causes I care about in the 17:43 meantime. So, um, so anyway, I would 17:44 encourage you as you think about it, buy 17:46 as much Bitcoin as you can, hold it as 17:47 long as conceivably possible, and, um, 17:51 the better way to think about it when 17:52 you do spend Bitcoin is what did I pay 17:54 for the Bitcoin I'm spending now? 17:56 Because, yeah, in the future, it's going 17:57 to be worth a lot more. But also, in the 17:60 future, so will your stock portfolio or 18:02 your bonds or your commodities or 18:04 whatever, if you sit on them long 18:05 enough, some of that will also be worth 18:08 more. But that doesn't mean you don't 18:09 spend anything. It just means you're 18:11 smart about it. And that's what I do. 18:13 And so in in the case of my Tesla, I 18:17 financed it. Um, in the case of an a 18:20 generator, I have decided for the time 18:22 being not to buy it. Um, but when 18:24 Bitcoin gets high enough that maybe it's 18:26 it costs one/tenth of a Bitcoin to get 18:29 full power generation. it might be worth 18:31 one/10enth of a bitcoin even if it's not 18:33 worth 1/5if of a bitcoin uh to get power 18:36 generation for uh the places I you know 18:40 usually am when I'm in the United 18:42 States. Um so anyway, there's you know 18:45 there's all sorts of those choices. Uh 18:47 now one thing I was I was you know on 18:49 the fence about and I did a whole video 18:51 about this is my daughter's uh 2023 18:54 Toyota Corolla which I bought back in 18:57 2023 uh so she could have a reliable car 18:59 to drive. It was basically the number 19:01 one recommended car for, you know, teens 19:04 or whatever on Consumer Reports. Um, and 19:06 it was a hybrid, so she would, you know, 19:08 pay low gas prices for the lifetime of 19:11 it and all that. Um, when I bought that 19:13 car, it cost me 1.1 Bitcoin, and I did 19:16 liquidate 1.1 Bitcoin to buy that car. 19:19 Uh, now I've subsequently bought a lot 19:21 more Bitcoin. And so I guess in some 19:23 ways you could say yeah I didn't really 19:24 liquidate a Bitcoin because I I 19:26 liquidated a Bitcoin but within a couple 19:27 months I had bought a lot more than that 19:30 back based on my increased you know 19:33 continually increasing conviction in 19:34 Bitcoin. So I did end up with more 19:36 Bitcoin. It's not like that it's not 19:38 like I raided my one and only stash to 19:40 buy that car. But I did buy it with 1.1 19:43 Bitcoin at the time of the purchase 19:44 before I ended up later on buying more 19:46 than that back. Um and I could have 19:49 financed that car. And in retrospect, 19:51 uh, you could make an argument that I 19:53 should have financed that car. Now, why 19:54 did I not finance that car? Well, first 19:56 of all, it was not my car. I'm okay 19:58 financing my car because I'm responsible 20:00 for it and I'm responsible for the 20:01 payments. And the only person who has a 20:03 negative consequence if I screw 20:05 something up is me. Uh, but this was not 20:07 going to be my car. This was going to be 20:08 my daughter's car. And it was important 20:10 to me that, you know, I I not sort of I 20:15 not play the same uh I guess uh I don't 20:19 short the Fiat financial system with my 20:21 daughter's car the same way I'm willing 20:23 to do with my Tesla. With my Tesla, it's 20:25 mine. It's my payments. I feel good 20:27 about it. You know, I'm good with it. 20:29 But again, it's not like anyone else is 20:31 dependent on that car. And if I have to, 20:33 you know, our family could make it work 20:34 with one fewer car. it' just be require 20:37 a massive amount of coordination about 20:38 how to get four drivers, you know, with 20:41 three cars, but it's not impossible. Um, 20:43 but anyway, so, but I didn't want to do 20:45 that and I wanted my daughter to have a 20:47 car that was paid for that, uh, she did 20:50 not have to worry about and, you know, 20:52 it was reliable and all that. And we 20:54 looked at a bunch of used cars and they 20:55 were all like 160,000 miles and, you 20:58 know, at the time used car prices were 21:00 insanely high due to, you know, 21:03 government shutdowns with COVID and all 21:04 that sort of stuff. So anyway, so that 21:06 car cost 1.1 Bitcoin, which at the time 21:09 I recorded the video was 21:10 $108,000. Uh I I think right now it'd be 21:13 a little more than that. Uh cuz it'd be 21:15 104,000 plus another 10%. So yeah, it'd 21:18 be like $114,000 or something like that. 21:21 So yeah, that's an expensive Toyota 21:22 Corolla. And if it had been for me to 21:24 drive, I would have financed it um and 21:27 kept the Bitcoin and then I would have 21:29 just had, you know, most of a Bitcoin 21:31 more in my total Bitcoin stash um 21:34 because I would be slowly paying off 21:35 that car over 5 years. But because it 21:37 was my daughter's car, I didn't want to 21:39 do that. So, I just bought it outright 21:41 with Bitcoin that I liquidated for that 21:43 purpose. Um but again, I subsequently 21:45 bought back more Bitcoin. So in some 21:47 ways you could say um you know I ended 21:49 up with more Bitcoin but uh had I 21:51 financed that car I would own let's call 21:54 it you know.75 more Bitcoin right now or 21:57 something like that because I would be 21:58 paying off that car which was bought 22:00 when Bitcoin was you know 28,000 a coin 22:04 something like that. Um obviously the 22:07 payments would be cheap right now if I 22:08 had financed that car but it wasn't my 22:10 car to finance. It was my daughter's car 22:11 so I just did it. Um, but anyway, so 22:14 hopefully my thought process around all 22:16 of this is helpful. Uh, there's things I 22:18 am buying, um, like my daughter's car 22:21 straight up. There's things I'm not 22:22 buying, such as this generator because I 22:25 don't want to buy it straight up with 22:26 Bitcoin. And there's other things like 22:28 my Tesla that I'm financing. Uh but all 22:31 of it is an effort to be prudent and 22:34 responsible with the resources that God 22:36 has given me and to uh be wise and 22:39 preserve as much Bitcoin as I possibly 22:41 can while at the same time uh not uh you 22:46 know not ending up you know head over 22:48 heels in debt or leverage to the hilt 22:51 where uh change in the price of Bitcoin 22:53 puts me upside down or something like 22:54 that. So hopefully all that makes sense. 22:56 Uh I am here for anything everyone 22:58 needs. Have a great day everyone. Reset 22:59 it.