Money naturally spreads: bad when your Bitcoin leaves you, good when it comes to you

00:01 Hey everyone, Bitcoin and all monies are 00:04 constantly trying to spread. The siren 00:07 song of everything you could possibly 00:08 spend money on is constantly trying to 00:11 separate you from your Bitcoin. Now, 00:13 that's a good thing if your if the siren 00:17 song is being listened to by someone 00:18 else and a bad thing if you are 00:20 listening to that siren song. I talked 00:22 earlier today about a friend of mine who 00:24 sold 97 Bitcoin for $10,000. I also 00:27 talked about someone I knew who sold who 00:30 bought Bitcoin at $5,000 and sold it at 00:33 $20,000. So it the the good thing about 00:36 a money is it does spread ultimately a 00:39 good money like Bitcoin wants to be in 00:40 the hands of everybody. It wants to be 00:43 of course it doesn't have an you know a 00:45 mind of its own or anything but the 00:46 natural incentives are that that money 00:48 will spread and that it will be used for 00:50 commerce and that it will be used for 00:51 everything. Now, you have to think about 00:53 the good side of this as well, because 00:55 when I was buying my first Bitcoin back 00:58 in 2017, the bit the price was around 01:01 $10,000. I think the average of what I 01:04 bought in uh 2017 and 2018 was maybe 01:08 $9,000. But what if all of the early 01:11 adopters of Bitcoin between 2009 and 01:14 2016 had held their Bitcoin and not been 01:17 willing to sell any of it? Well, then I 01:19 would be buying Bitcoin back then at 01:21 $100,000 instead of at $10,000 or 01:24 $9,000. What if the people today, every 01:27 single person who held Bitcoin today, 01:29 absolutely refused to part with it? 01:32 Well, that means you would be buying 01:33 Bitcoin today at a million dollar per 01:35 coin instead of just $104,000 per coin. 01:39 So, it's a good thing that Bitcoin and 01:42 all other money spreads naturally. It's 01:44 a good thing that money naturally wants 01:46 to end up in the hands of everybody that 01:49 could benefit from that money. But you 01:51 have to understand the same incentives 01:52 that are making people sell Bitcoin to 01:55 you are going to kick in and encourage 01:57 you to part with your Bitcoin in the 01:59 future for something you want. So, it's 02:03 best first of all to if you have US 02:05 dollars to spend those and save your 02:07 Bitcoin as long as conceivably possible, 02:10 but also to understand that when it is 02:13 the right time for you and your family 02:15 and you want to improve you or your 02:17 family's life in some way, there's 02:19 nothing wrong with doing that because 02:20 that is the purpose of money. And at the 02:22 end of the day, a lot of people improved 02:24 their lives and the lives of their 02:26 family with the US dollars that I gave 02:29 them in exchange for their Bitcoin. And 02:31 in the future, a lot of people will do 02:33 the same. And eventually when about 02:36 about 3% better at making everything in 02:39 general over 02:43 time, so in the future, Bitcoin will 02:45 just be money. It will go up in value 3% 02:48 per year, and everyone will use it for 02:49 everything. And at that point, you won't 02:52 have to think about it as both an 02:53 investment and a money. It will just be 02:55 a money. Until then, hold on to it as 02:58 long as you can. Buy as much as you can 03:00 and understand that a thousand different 03:02 things will try to separate you from 03:04 your Bitcoin. And be thankful when you 03:07 every time you buy Bitcoin that the 03:09 reason you can buy it at the price 03:11 you're buying it for today instead of a 03:13 price that is radically higher price. 03:16 And if nobody was willing to sell it to 03:18 you at $100,000 or $104,000 per coin, 03:21 you would have to pay infinitely more 03:23 than that for your Bitcoin. So that's 03:25 the way money works. Advice is the same 03:27 as always. Buy as much Bitcoin as you 03:29 can, hold on to it as long as 03:31 conceivably possible, and use that to 03:34 supercharge your finances, achieve 03:36 financial freedom, and if your goal is 03:39 generational wealth for your family, 03:41 then do that, too. Stay safe out there, 03:43 everyone, and have a great night.