NOTHING is wrong with BITCOIN!

Nothing is wrong with Bitcoin. At times like this, with Bitcoin at $87,000 per coin at the time I started recording this with a low earlier today of $86,000 per coin. You might be wondering, is anything wrong with Bitcoin? No, nothing's wrong with Bitcoin. I'm not worried. If you are worried, I will let you borrow some of my I'm not worried because I'm not worried. And if you're scared, you may borrow some of my I'm not scared because I'm not scared and I'm not worried. And you're welcome to borrow as much of either of those as you need to make it through this temporary dip. So what is going on? Well, the global market of all of everything, stocks, bonds, real estate, gold, silver, everything is going crazy today. Uh because people are freaking out. They're worried that AI, even though AI is obviously a huge deal, they're worried that AI stocks are in a bubble. For example, Nvidia, a single company worth more than $5 trillion, which is the biggest company in the AI space right now. Uh, and it makes up 8% of the entire uh standard NP 500, S&P 500. So the S&P 500 is made up 8% of a single stock and the other 499 stocks make up the remaining uh 92%. So people are worried that's in a bubble that the bubble's going to burst that uh the stock market's going to crash that the global world is going to you know just melt down. So at a time like this the best asset to own is Bitcoin. Literally, there's no more. There's no asset that was built better for a time like this. In fact, Bitcoin came out in 2009, and the very first block of Bitcoin, which is called the Genesis block. The genesis block of Bitcoin uh has etched into it a message from Satoshi Nakamoto, the anonymous, pseudonymous creator of Bitcoin. And that message says uh Times of London 2000 uh January 3rd 2009 Chancellor on the brink of second bailout of the banks. It was basically a a finger pointing to the fact that Bitcoin was intended for a world a world that's full of bailouts. A world where you can't trust anybody. A world where everything's going crazy. and a world where governments print unlimited amounts of money to bail out everybody except the little guy. Of course, they always start at the top bailing out banks, bailing out bankers, uh you know, trying to stabilize the financial system from the top down. And of course, the little guy at the bottom is left with the inflation that all of that money printing causes. Um so, Bitcoin was made for a time like this. So, why is Bitcoin down if Bitcoin was made for a time like this? And the answer is because people are freaking out. They're trying to save businesses. They're trying to save homes. They're trying to keep from being foreclosed on. They're trying to keep from going bankrupt. The companies are trying to make payroll. And when you're freaking out, you sell what you can, not what you want to. And if any of these entities owns any Bitcoin, Bitcoin is 24/7 liquid. You can buy and sell it anywhere in the world in any currency, which is a huge upside, but it also means it's the easiest thing to liquidate if you're panic selling and you there's nothing else you could sell. So, look, if you're if you're upside down and in trouble and I only have ever owned one home. I've never had a vacation home or anything like that. I just own one home. I travel a lot, but I've only ever owned one home. Um, but if you have a second home, a vacation home, and you suddenly need liquidity, meaning you got to bail yourself out somehow, you can't sell that property very fast. There's no super fast and easy way to offload a piece of real estate or to offload a bunch of family jewels or diamonds, even gold. You know, if you want to sell gold and silver, it takes about two weeks based on my own experience to offline uh offload gold and silver. Bitcoin is 24/7. You can sell Bitcoin anytime. So, when people freak out and they panic, uh it's like a ship that's, you know, that's uh people are afraid it's going to capsize. They try to lighten the load by throwing everything overboard. Well, sometimes they might chunk all the food overboard and all the water overboard, the fresh water into the ocean. And uh if you ask somebody standing by like, "Hey, why are you tossing your water? Uh you know, y'all are going to die of sorry of of thirst as soon as the storm passes." And the answer is, "Well, the water was on the deck on top and it was the closest thing, so it was just the easiest thing to chunk overboard." Doesn't mean that makes any sense. It just it was easy to throw the food and water overboard, even though it actually makes no sense to throw food and water overboard. uh in a situation like that, you ought to throw heavy cargo that's optional. But again, when people are panicked, they they sell what they can, not what they want to. So, here's where we are. Okay, so when you're asking the fundamental question of anything wrong with Bitcoin, let's go back to first principles. Is the world going to go back to barter, where we're trading a loaf of bread for eggs and cheese and all that sort of stuff? No. No modern economy can run on barter. Period. Not by a million years, you know, period. I mean, that didn't mean you can't go to a farmers market and trade, you know, eggs for, you know, eggs for some cheese or something like that, but come on. That's like 1 one millionth of your total family expenses. You can't do that at scale for any modern anything. You can't barter your way to an iPhone, barter your way to a house. Not going to happen. So, we are going to use money. The economy is going to use a money of some sort. And if we're going to use a money of some sort, then you could literally put you could build yourself a spreadsheet. So maybe you're worried, maybe you're like, "Hey, this whole Bitcoin thing, maybe maybe it wasn't a thing. Maybe I'm on the wrong track. Maybe I'm freaking out. Whatever else, I would say, okay, let's think about this. As long as we agree the world is going to use something as money, whether it's the US dollar, you know, the wind, the yen, the wand, the euro, if we're going to use some government money or somebody's something money or bitcoin or gold or silver or whatever, if we're going to use something, then from first principles, meaning the most most basic building blocks, you could build yourself a Microsoft or you Microsoft Excel spreadsheet or you could build yourself a Google sheet and you could put everything that could be used as money on it. So you could make one line item uh you know for each of the attributes of a good money divisibility uh divisible portable durable fungeible uh fungeible authenticatable and most importantly scarce. And there's a couple bonus ones you could put on there as well. But the big ones are divisible, portable, durable, fungeible, uh authenticatable, and scarce. Those are probably the six most important, but you can toss one or two in extra if you want. Okay. And then you put on that spreadsheet or that Google sheet, you listed everything we could use as money as humanity, even stuff that you know off the top of your head is not going to work very well. So you list the US dollar and other government currencies. You list gold, silver, platinum, palladium, you list diamonds, you list real estate, even though you can't use real estate as money, but you know, why not? Just add everything. Uh and literally you list everything. you list uh anyway everything that could possibly be used as money including of course Bitcoin and any other cryptocurrency you wanted to add and then from first principles meaning you just block out all the noise you ignore everybody else in the world and you say okay we're going to figure out where humanity is going to gravitate for their money based on what has superior monetary qualities because in the world of money better money out competes you know less good money If you could be holding gold or silver, eventually you're going to turn in your silver for gold because gold is better, more scarce, and better money than silver. Um, and eventually you're going to turn in your, you know, Venezuelan bolivar, uh, or the Nigerian naira. You're going to turn those into US dollars if you want the best government money because again, why would you sit on an inferior government money if there's a better government money? Uh, but ultimately, the world gravitates toward the better money. So when you're done running all of that analysis in your spreadsheet where you compare all of the attributes of good money to everything that could possibly serve as money in a modern economy, absolutely hands down, unequivocally, Bitcoin wins that race. Not it's not even close. It's not even insanely like even remotely close. Bitcoin is far more scarce than anything else on that table. Uh gold is second, the second most scarce thing in the universe is gold. But Bitcoin is significantly more scarce uh because of its absolute supply of 21 million versus you know if gold the price of gold goes up they just dig more of it out of the ground and then the extra supply that comes out of the ground makes the price of gold go down. So gold's upside is always capped by the fact that they can dig more out of the ground. But still objectively based on how much we have and how hard it is to get more uh gold is the second most scarce thing. Now gold does not work as money which is why we don't use it as money. If you could send gold over the internet if it was portable, diver durable, divisible, fungeible uh and authenticatable in addition to being scarce and it has gold has some of those properties. It is durable for example. But if gold had was sufficiently divisible, authenticatable and portable uh in addition to the qualities it already has, which is scarcity second only to Bitcoin, then yeah, maybe you could make that work. But gold does not have those attributes. So Bitcoin wins hands down. So whether you want to evaluate everything bottom up, top down, left to right, right to left, no matter how you an analyze it, Bitcoin is the better money. and the better money will win in the end. Now, on the way to Bitcoin winning, will there be ups and downs? Of course there will. There's been more than a dozen price corrections in Bitcoin's history. Uh, last I counted 18. There are 18 price corrections larger than what we're experiencing right now. 18. So, yeah, I mean, it's there's going to be ups and downs. Hardly any of the world like 5% of the world owns any Bitcoin. So, if 5% of the world owns any Bitcoin, why would we believe that it's not going to be a rocky, we're so early, early technologies early in their adoption go up and down a lot. It doesn't matter what they are, they just do. Bitcoin's early in the adoption cycle. Nothing's wrong with Bitcoin. All of the fundamentals are solid. The underlying properties that make it a good money are the stronger today than they've ever been in history. No other money is going to out compete Bitcoin. And we have a temporary price dip because there's too many people that are low conviction. They don't understand what Bitcoin is. They bought it as a short-term get-richqu something instead of a long-term wealthb buildinging opportunity and or they have emergency needs uh due to the uh uh upheaval in the economy. So, we're in a dip, but it's so what. I mean, honestly, so what? It'll come back just like it has every single time 18 other times. It's going to be fine. Everything is gonna be fine. Buy as much Bitcoin as you can. Hold on to it for as long as conceivably possible. Same advice as always. Nothing changes. The bottom line is the bottom line. It always will be. We will go on to set new all-time highs from here. We always do. It's not that hard. Buy as much Bitcoin as you can and hold on to it for as long as conceivably possible. It really is that simple. It's that simple.