Never invest just because something is going up. Here’s WHY bitcoin will always eventually go up.

00:01 morning everyone don't ever invest in 00:04 anything just because it's going up you 00:06 should know why it is going up and why 00:09 even if there's a price correction and 00:11 it goes temporarily down why it will 00:13 always eventually go back up so why is 00:16 Bitcoin always going to eventually go 00:18 back up and the answer is because 00:20 Bitcoin is the world's best form of 00:22 money the world needs money so we don't 00:25 have to barter we don't have to trade 00:27 eggs for a cow we don't have to trade a 00:29 cow for a house we don't have to do all 00:31 sorts of weird contortions we get paid 00:33 in money we use that money to buy stuff 00:35 it keeps us from having to barter um and 00:38 a good money is durable divisible 00:40 fungeible portable authenticatable and a 00:43 bunch of other characteristics that I've 00:45 covered in other videos and the world 00:47 needs money because again otherwise 00:49 we're stuck in barter and the problem 00:51 with all of the world's existing money 00:53 is that the governments who control that 00:55 money print an unlimited amount of it 00:57 they have control over the money supply 00:59 and as they print more money out of thin 01:01 air the value of the the dollars in our 01:04 case or the or the pounds or euros or 01:07 you know yen or one or whatever it is 01:09 you hold or pesos etc uh the value of 01:12 those goes down as the government prints 01:14 more because your purchasing power is 01:17 diluted uh by all of those new dollars 01:20 or pounds or euros or pesos or whatever 01:22 that they print out of thin air so that 01:25 the current monetary system is broken 01:27 because your purchasing power keeps 01:29 going down and they keep ramping up how 01:31 much money they uh they create out of 01:33 thin air so the world needs a way to 01:36 hold value and transport value anywhere 01:39 in the world in a matter of seconds and 01:41 Bitcoin provides that for the first time 01:42 in human history and because of that 01:45 because it is so valuable for humans to 01:47 be able to store their time and their 01:50 energy in something that cannot be 01:53 created out of thin air and something 01:55 that enables them to transfer value 01:58 anywhere in the world any time to store 01:60 securely to be able to cross borders uh 02:03 without confiscation because it is so 02:05 valuable uh that for humans to be able 02:08 to do that uh Bitcoin's price keeps 02:10 going up now why does it go down 02:12 temporarily and the answer is because 02:14 sometimes the price gets ahead of the 02:17 adoption the adoption is ever marching 02:20 on as more and more people understand 02:22 the value of Bitcoin and adopt it but it 02:24 is not it is not completely uniform 02:27 sometimes the price gets ahead of the 02:29 market adoption due to people 02:31 speculating on market adoption they 02:33 speculate on how high the price of 02:35 Bitcoin might go in the future and so 02:38 the price gets ahead of what is 02:39 sustainable based on uh good morning uh 02:43 the price gets ahead of what is 02:45 sustainable based on uh based on 02:47 adoption and that is temporary because 02:50 the march of bitcoin adoption is 02:52 constantly happening in the background 02:54 any price of bitcoin today will 02:57 eventually the adoption of bitcoin will 02:59 catch up to that price so if somebody 03:01 let's say you know tomorrow which is not 03:03 going to happen but let's say Bitcoin 03:06 spikes suddenly to $220,000 in a day 03:10 which again is not going to happen it 03:11 always takes longer uh to get to 220,000 03:14 even if that happens in the next 12 03:16 months would probably take 6 or 12 of 03:18 those 12 months to climb to a price that 03:21 is more than double its current price 03:23 but if it went to 220,000 very quickly 03:27 then and someone said "Well Joel do you 03:28 think there would be a price 03:29 correction?" And I would say yes because 03:30 the adoption of Bitcoin did not double 03:33 in a day it just didn't which means the 03:37 price is almost certainly ahead of the 03:38 adoption if the price jumps immediately 03:41 to 220,000 now if somebody said "Yeah 03:43 but if I buy Bitcoin will I ever be up?" 03:46 I would say "Well of course because 03:48 Bitcoin adoption keeps marching on." So 03:51 yeah 220,000 may be a little ahead of 03:53 adoption today but give it a year or two 03:56 or three and it'll be right on track and 03:58 suddenly 220,000 will seem cheap based 04:00 on worldwide adoption of Bitcoin so uh 04:04 money is a valuable thing for people to 04:06 own having a good money that is portable 04:09 divert uh uh portable divisible 04:12 fungeable authenticatable and most 04:15 importantly the most important uh uh 04:17 aspect of any money in all of human 04:20 history is scarcity is how you know how 04:23 scarce it is how hard is it to produce 04:26 the next unit of that money and in the 04:28 case of government money they just print 04:30 it out of thin air and it's super easy 04:32 um but in the case of Bitcoin nobody in 04:34 the entire universe can make more than 04:36 21 million Bitcoin and that's all that 04:38 will ever exist so we know Bitcoin will 04:41 always eventually go up which means 04:44 again it's a great investment because 04:47 unlike a lot of other things that once 04:48 the price goes down it might never come 04:50 back up um because whatever it is maybe 04:53 a company uh has competition and that 04:56 competition uh for example Blackberry 04:59 you know you have Blackberry and along 05:00 comes the iPhone and nobody even 05:04 remembers BlackBerry anymore because it 05:06 got made obsolete by the iPhone and 05:08 Android phones or MySpace nobody uses 05:11 MySpace why because Facebook made it 05:14 obsolete so if you are an investor and 05:17 you are investing in BlackBerry or you 05:19 are investing in MySpace or something 05:22 like that you would not you should not 05:24 invest in something like that just 05:26 because the price is going up because if 05:28 the price is going up there's no reason 05:30 for a company like MySpace or something 05:33 that it can't come right back down and 05:36 then stay down for a very long time 05:38 including potentially permanently 05:40 obviously there's companies that go out 05:41 of business there's companies that you 05:43 know like General Motors back in 2008 or 05:45 2009 it went bankrupt if you were a 05:48 shareholder in General Motors the stock 05:50 went to zero zero dollars that means if 05:53 you own stock you literally got wiped 05:55 out and lost all of your money in 05:57 General Motors it was either 2008 or 05:59 2009 uh after the Great Recession that 06:02 was caused by the government for what 06:03 it's worth um anyway so so for all that 06:07 those reasons Bitcoin is a great 06:09 investment it will always eventually go 06:11 up sometimes the price gets ahead of the 06:14 uh demand the price or I should say the 06:16 price gets ahead of the adoption demand 06:19 it never gets ahead of the speculative 06:21 demand because the price reflects total 06:23 demand for Bitcoin and total supply of 06:25 Bitcoin so the price is always exactly 06:27 what it is and it always exactly uh 06:30 reflects supply and demand but sometimes 06:32 the price reflects uh adoption demand 06:35 and speculative demand and if it gets 06:38 too far ahead on the speculative demand 06:41 then there is a price correction to 06:42 bring the price back closer to uh to 06:45 where it would be uh if if it were just 06:48 adoption demand which is obviously de 06:50 adoption demand is completely 06:52 sustainable because that rep uh 06:54 represents people using Bitcoin for its 06:56 intended purposes not just spec 06:58 speculating on the price uh the 07:00 direction of the price changes so 07:02 hopefully that's helpful in my opinion 07:04 Bitcoin will always eventually go back 07:06 up which makes it a fantastic investment 07:08 because it means you can always just 07:10 hold it and if the price goes down for a 07:13 period of time as long as you're patient 07:15 you can hold it and the price will 07:16 always eventually go back up and for a 07:19 technology as incredible as Bitcoin 07:22 where I can send value anywhere in the 07:25 world anytime day or night instantly in 07:27 a way that nobody can block nobody can 07:29 censor and nobody can stop that is an 07:32 incredibly valuable thing to be able to 07:34 do we with the internet and email and 07:36 social media we got the ability to do 07:38 that with information i can send 07:40 information in the form of an email 07:42 anywhere in the world anytime day or 07:44 night and it shows up on the other side 07:46 of the world in a second or two uh but 07:48 we've never been able to do that with 07:50 money until Bitcoin i can't send gold to 07:53 the other side of the world in seconds i 07:56 can't even send US dollars to the other 07:58 side of the world in seconds because 07:59 most countries don't support Venmo and 08:02 Cash App and PayPal and whatever else so 08:05 unless I can find somebody using the 08:07 same platform as me in another country I 08:09 can't send the money i just can't 08:11 there's just no way to do that and even 08:13 if I could find somebody using another 08:15 platform that's the same as me the 08:18 government can stop that transaction or 08:20 anybody can stop that transaction uh on 08:22 either side of it paypal Venmo Cash App 08:25 they can all just freeze my account uh 08:27 they can all freeze the account on the 08:28 other end all of those uh services are 08:31 used with the permission of the provider 08:34 and if you lose the permission to use 08:35 the platform your assets are frozen on 08:38 that platform bitcoin does not work that 08:40 way uh when you use self- custody like 08:42 Bitkey um you can uh have complete and 08:47 total sovereign control over your 08:48 Bitcoin in a way that nobody can censor 08:50 nobody can seize nobody can stop and 08:53 it's an absolute incredible technology 08:55 that allows you to send value not just 08:57 information but to send value to anyone 08:60 anywhere in the world in a matter of 09:01 seconds and that's incredible and that 09:03 is very powerful and that is why the 09:06 underlying value of Bitcoin is so high 09:08 that the price regardless of what the 09:10 price does in in the near-term basis the 09:13 price will always eventually go back up 09:16 because the demand for Bitcoin is so 09:18 high that the demand the adoption demand 09:21 will always eventually push the price 09:23 back up regardless of what the price 09:25 does in the near term so hopefully that 09:28 helps have a great morning everyone 09:29 thanks