Someone sold $9 BILLION of bitcoin today, and it barely moved the price! AMAZING!!

00:01 We now know why the Bitcoin price dipped 00:03 today. Someone sold $9 billion of 00:06 Bitcoin into the market today. And it's 00:09 absolutely incredible that it barely 00:11 moved the Bitcoin price at all. There 00:12 was literally a 3% dip from about 00:15 118,000 to about 115,000. a little more 00:18 than that, but it's still about a 3% dip 00:21 from the high of 24 hours ago to the 00:25 lowest it got in the last 24 hours, 00:27 which was just under 115,000. 00:30 Uh I I did a post showing the graph the 00:32 day that I bought uh the largest single 00:35 purchase I made in 2021. Uh the price 00:38 had started, I don't know, 30,000 00:41 something. It had spiked up to 42,000. 00:43 and then it had dropped to 30,000 and 00:46 had recovered to 38,000 by the time I 00:48 got around to buying the Bitcoin I 00:50 bought. So my actual purchase price was 00:52 about $38,000 even though the price 00:54 earlier that day had been $30,000 and 00:57 before that had been $42,000. So if you 01:00 think Bitcoin is volatile, uh you have 01:02 not been here since 2021. So Bitcoin is 01:07 way less volatile. somebody dumps $9 01:09 billion on the market, it barely makes a 01:12 3% blip. Back in 2021, you dump $9 01:15 billion on the market, you would have 01:16 had probably a 40 or 50% price 01:19 correction. Uh anyway, it just shows you 01:21 how resilient Bitcoin is and how many 01:24 people are willing to buy the dips when 01:26 there are dips, which is absolutely 01:27 incredible. Now, you might be wondering 01:29 how much total Bitcoin changed hands 01:31 today. The trading volume of Bitcoin in 01:33 the last 24 hours was over $100 billion. 01:38 I can promise you people on Wall Street 01:40 are paying attention to this. $9 billion 01:42 gets dumped, the price only moves 3% and 01:46 there's a hundred billion dollars in 01:47 trading volume. That is an absolute 01:49 incredible asset. I mean absolutely 01:52 incredible. the degree to which Bitcoin 01:54 is maturing in front of our very eyes, 01:57 the degree to which the the volatility 01:60 has gotten lower. And that absolutely 02:02 doesn't mean it can't at some point in 02:04 the future correct 20% or 30% due to 02:07 much larger macro reasons, but the fact 02:09 that someone can sell $9 billion of 02:12 Bitcoin and it barely moves the price by 02:14 3%. That's absolutely insane. And then 02:17 within 24 hours, we are back to within 02:20 5% of the highest it's ever been in 02:22 history after somebody dumped 9% or $9 02:25 billion of Bitcoin. That's absolutely 02:27 incredible. Uh it's also a big deal 02:30 because you can only sell Bitcoin that 02:32 old one time. So of that $9 billion of 02:35 Bitcoin, I think 1 billion of it was 02:37 bought for about $8,000. So it was less 02:39 than I think it was 70 78 cents per 02:42 coin. So the initial I think 10,000 02:44 Bitcoin they bought for 78 cents per 02:47 coin um which turned into a billion and 02:50 then they bought a couple hundred,000 of 02:52 additional Bitcoin at about $3 and some 02:55 between $3 and $4 which is where they 02:58 got the other $8 billion of Bitcoin. I 03:01 think it was like 10,000 Bitcoin less 03:03 than a dollar um at 78 if I remember 03:05 right. And then they bought um the 03:08 remainder at uh $3 and some uh obviously 03:11 triple as much but they bought a lot 03:13 more of it. Uh so anyway, so their total 03:15 investment was a couple hundred,000 03:16 which they turned into 9 billion and 03:18 their initial investment was about 03:20 $8,000 that they they turned into $1 03:22 billion. Well, guess what? That person 03:24 does not own that Bitcoin anymore. They 03:26 can only sell it once. So now the market 03:29 price of that Bitcoin, meaning the price 03:30 that that Bitcoin has last changed 03:33 hands, was not $78 and it was not $3. 03:39 It was $116, $115, $117,000. 03:44 Like I meant,000 in all of those 03:46 $115,000 116,000 117,000 somewhere in 03:50 there. So the price that person got for 03:52 that $9 billion Bitcoin, now all of 03:55 those people own 115 or $116 or $117,000 04:00 Bitcoin. Those people are much more 04:03 likely to be along for the ride through 04:05 the ups and downs for the path ahead 04:07 than the guy that's been sitting on it 04:08 for 14 years. So first of all, congrats 04:11 to him. Anybody that recognized the 04:14 value of Bitcoin that early and was 04:16 willing to buy that much of it, good for 04:18 them. Most people back then thought 04:20 Bitcoin was nothing. It wouldn't make 04:21 it. It was a scam. It was a Ponzi 04:23 scheme. You know, they just couldn't 04:25 fathom that something they were buying 04:27 for a dollar could be worth $100,000. 04:30 And whoever this is, we don't know who 04:31 it is, but whoever it is, they had the 04:33 courage to say, "I'm going to buy $8,000 04:36 of this and then later on I'm going to 04:38 buy another $150, $200,000 of this thing 04:42 that nobody thinks is going to have any 04:44 value." And they had the courage, they 04:46 had the conviction to spend that kind of 04:48 money, which is absolutely incredible. 04:50 Incredible. So, Bitcoin is an amazing 04:52 beast. Absolutely unparalleled. The fact 04:55 that it can absorb $9 billion is 04:58 absolutely incredible. 04:60 One second here. The fact that it can 05:02 absorb that much uh cell pressure is 05:06 absolutely Sorry, I'm being invaded. Uh 05:09 the fact that it can absorb that 05:10 incredible amount of selling pressure, 05:13 bounce back in less than 24 hours, and 05:15 keep going strong is absolutely 100% 05:18 incredible. So, Bitcoin's amazing, 05:20 stronger than ever, lower volatility 05:22 than ever, and just an absolute beast. 05:24 Good job for Bitcoin, and good job for 05:26 whoever just, you know, I wouldn't have 05:27 cashed it out. I don't know why they 05:29 would ever turn $9 billion of Bitcoin 05:30 into anything other than $9 billion of 05:32 Bitcoin, but apparently they owned a lot 05:34 more Bitcoin than that, and that was uh 05:36 not all their stash. So anyway, they 05:39 just were looking to uh diversify things 05:41 a little bit. Um which is not what I 05:43 would have done, but again, I don't own 05:45 that much Bitcoin uh anywhere close to 05:47 it. So have a great night everyone. 05:48 Thanks.