The #1 thing critics CAN’T ANSWER about this Bitcoin price dip
Published June 9, 2026
by Joel Bomgar
YouTube Video Transcript
Okay, Bitcoin critics. This is the number one thing I want you to answer for me about why this time is different and Bitcoin's going to zero or whatever stupid stuff you post on my Facebook as comments. Okay, so people are constantly all day long posting on my Facebook comments or my posts, they post comments about, you know, it's all over, Bitcoin's going to zero, this is the end, get out while you can, all this just moronic dumb low IQ stuff and nobody can answer this one question. Which is why if whatever criticism they have, why did that criticism not take Bitcoin to zero during the last four of the five Bitcoin bear markets I've been in. See, if something was going to take Bitcoin to zero, it should have taken it to zero in the first bear market in 2012 or the second bear market in 2014 or the third bear market in 2018 or the fourth bear market in 2022? Why would it take until the fifth bear market in 2026 for whatever it is their criticism is to take Bitcoin to zero finally? So, I post anything, no matter what I post on Facebook these days, there's this chorus of like moronic low IQ zero money people who just can't wait to jump online. It's like they read in their physical paper newspaper that Bitcoin was down. Their little pea-sized brains assume for the very first time that Bitcoin is in a price dip and thinks they think, I knew it was a scam all along. I better jump on Facebook and tell people so. So, first of all, if you ask these people how long has Bitcoin been around, they'd be like, I don't know, three, four, five years. No, it's been around 17 and a half years, 17.5. It's been around since January of 2009. This is not like some fly-by-night fad. 17 and a half years this has been an asset and this has been one of the world's largest assets for years now. Okay, but the number one thing, so somebody will jump on there and say, well, Bitcoin has no intrinsic value. It's going to zero." Oh, so if I were to go find this person hiding in a hole, you know, climbing behind some woodwork in some mom's basement somewhere, and ask them, "Wait, are you telling me that Bitcoin did have intrinsic value and that's why it rebounded in 2012, 2014, 2018, and 2022, but somehow it lost the intrinsic value, which is why it's going to the zero this time?" Well, of course, their pea-sized brain has never even contemplated that. They never They never thought for a minute to think, "Huh, I wonder if this is Bitcoin's first bear market. I wonder if this is the first time Bitcoin's dropped by more than 50% in if it's in its lifetime." And if not, maybe I should figure out why does it always come back in the past and why would this time be different? But again, their little pea-sized brains have never even contemplated to ask the question. Their fingers are fast on Facebook. Their brains are small in the real life in real life. So, but if you if you ask them, they you know, it's a legitimate question, right? So, why when Bitcoin dropped from $32 to $2 in 2012, that was a 94% price correction. If Bitcoin had no intrinsic value and there was no inherent worth in it, why did the $2 not go all the way to zero? Why did the $2 then go to $1,200? Now, second bear market. The price drops from $1,200 down to $92. Why didn't Why did it stop at $92? If it had no intrinsic value, if there was nothing holding it up, if you know, blah blah blah, whatever their criticism is on Facebook, why did it stop at $92? It should have gone straight past $2 the first go-round to zero. It should have gone past $92 the second go-round to zero. But no, where does it go after that? It goes up to $19,000 and then drops to $3,200 in the third bear market. Why did it stop at $3,200? Did it suddenly have intrinsic value back then, but not now? Come on, give me a break. It stopped at 3,200 in the fourth bear market. Or sorry, in the third bear market. In the fifth bear market, which was 2021 and 2022, Bitcoin went up to $69,000 and dropped to 15,500. No matter what the criticism is that people are posting on my Facebook page right now, you got to ask the question, why did it stop? Why did it stop at $2? Why did it stop at $92? Why did it stop at $3,200? Why did it stop at $15,500? Why did it stop at $60,000 back in February? Why did it stop at $59,000 1% lower over the weekend? There's got to be a reason. There's got to be a reason that every time Bitcoin goes through a major price uh drawdown, that it immediately then comes back and outperforms every other asset in the world. There must be a reason. And these people with pea-sized brains that are making all these criticisms have never thought to contemplate that maybe the same things that caused Bitcoin to bounce back back then, might be the exact same things that caused Bitcoin to bounce back right now. And will be the exact same things that caused Bitcoin to drop to to bounce right back when it drops from 350,000 to $210,000 and everybody's freaking out. And the same It's not the same ridiculous people cuz typically people don't come out of the woodwork twice. Once they've been made a fool of once, they usually, you know, don't do that again. But anyway, these same the same sort of people will crop up four years from now in 2030. In 2030, they'll come out of the woodwork, they'll climb out of their mom's basement, you know, like cockroaches. They'll come out and they'll be like, "Bitcoin dropped from 350 to 210. It's all over. There's no intrinsic value. It's going to zero." And these same morons will not realize that Bitcoin's been around at that point 21 years. 21 years. And their arguments were literally the same thing everybody was saying in 2011. And it never occurred to them that maybe if what they were saying wasn't true in 20 2011, maybe it's not true 15 years later on Bitcoin's fifth bear market. Five. That's a lot of bear markets. It's a lot of times it's bounced back and set new all-time highs. So, anyway, the critiques like the stuff people post on my Facebook page is like a million different things. If I had time to get in front of my laptop and like catalog all of them, it's on and on and on of criticisms and stupid stuff. But again, the question they all need to answer, the one question they all need to answer is why was that not the reason that Bitcoin went to zero before? Why Why did that thing that you're so positive is the reason Bitcoin has no value, why didn't that thing take Bitcoin down the other four times prior to now? So, that is the thing that every single one of the critics of Bitcoin need to answer, which is why didn't whatever your criticism is, why did that not take Bitcoin to zero back in 2012 or in 20 2014 or in 2018 or in 2022? Whatever it is your criticism of Bitcoin is, that same criticism, if it was valid, should have taken Bitcoin to zero back then. Why didn't it? Why did Bitcoin recover from a 94% price correction and then from a 93% price correction and then from an 84% price correction and then from a 77.5% price correction and most recently from a 53 price percent price correction. Why did it recover from a a 52% price correction in February and why is it in the process of recovering from a 53% price correction over the weekend? Somebody's got to answer that question. If you can't answer that question, then you do not have a valid argument to be critical critical of Bitcoin. And just to recap, even though we've recapped like a gazillion million times on this channel with more than 500 videos. Why is Bitcoin valuable? Bitcoin is valuable because humans need to use something as money. And the alternative to using money, of course, is barter, which does not work in a modern economy. So, you have a few choices. One, you have gold and silver and precious metals. They do not work as well as money because they are not divisible enough. You cannot send them easily over the internet. They're not uh portable enough. Like, nobody wants to carry around like 26 lb of gold and silver in their pockets. Come on. Gold and silver precious metals do not work as money in the modern world. You cannot send them over the internet. So, your alternative to precious metals in the modern economy is fiat currency. Fiat meaning made up by governments, like the US dollar, the Canadian dollar, the peso, the lira, the limpiura, the you know, whatever, euro. Um all all, you know, 160 uh fiat currencies. Fiat being made up by government. But, all of those have a fatal flaw, which is that they're controlled by people that in the United States on average print 7% more money every year. So, even though our population growth is much much much much smaller, there's a massive constant increase in the supply of money, which causes all of the prices to rise and your purchasing power to constantly go down. So, if you want to get off that treadmill where you're always working harder for dollars that are always losing value, your only good option for getting off that treadmill is to find something else to use as money other than government money that the government can print out of nowhere. Or, you have to go speculate in the stock market and start picking winners and losers, which right now seems like a genius thing because everything's going up, but just wait till the next recession or wait till the stock you're positive is the future of America or the future of the world completely and totally tanks, which it will at some point if you're, you know, if you're stock picking. So, Bitcoin is the world's most perfect money. That is what gives it's value value. Humans need money so we don't have to barter. Good money has six characteristics. It is divisible, portable, durable, fungible, authenticatable, and most importantly scarce. Those are the six characteristics of a good money. Bitcoin aces the test on all the characteristics of a good money. Nothing is even close. It totally smokes gold and silver. It totally smokes the US dollar and all of that. So, Bitcoin is a superior money. Humans have a need to store their time, their effort, their labor, their value. They need a place to store that somewhere so that they can come back to it later and buy the things they need. Or they can store up their time, energy, effort, and labor so that they can buy a house, they can buy a car, they can buy a whatever. You got to do that in something, and if you're trying to do it in the US dollar, you're losing seven somewhere seven, eight, nine percent of your purchasing power per year, depending on how you measure it. If you store that in something that no human can make more of, which is Bitcoin, literally the only thing in the universe that humans cannot make more of or find more of. That's it. Bitcoin is the only thing that meets that criteria. It has perfect monetary properties, and that is valuable. And as the number of people that adopt Bitcoin continues to rise, that number initially meant that no matter what happened, the price was not going to go below $2, and then $92, and then $3,200, and then $15,500, and I don't know what that price price is right now, but there is a price that Bitcoin absolutely will not go below in 2026. Maybe it's $59,000. Maybe it's something modestly below $59,000. We won't know till the future. But Bitcoin has inherent fundamental value as an asset with perfect monetary qual qualities and monetary properties, and the only asset where you can send an unlimited amount of value anywhere in the world where nobody can stop you, nobody can censor you, nobody can block your transaction, nobody can take it away from you. You can self-custody Bitcoin in your own possession with something like BitKey, b i t k e y.world is website. BitKey.world, b i t k e y.world. It's amazing. You It's the only thing that you can custody yourself with something like BitKey. You can even buy Bitcoin for almost free. It's zero fees for large transactions if you do it on BitKey via CashApp. Um So, nothing else in the world has the properties of Bitcoin that give it value. The value of Bitcoin continues to rise over time. It is volatile. It goes up and down on its way up, but it always eventually rises because there is inherent underlying value in Bitcoin. There just is because humans need money, it has perfect monetary properties, and is the only asset in the world that you can send to anyone anytime, day or night, 24/7, 365. You can send value anywhere in the world. Nobody can block it, nobody can stop it, nobody can seize it, nobody can freeze it. You can self-custody it, and you can take it with you through borders. It's amazing. It's an amazing, incredible asset that has fundamental underlying value, which is why it's valuable. So, uh again, to recap, whatever stupid reason somebody posts on my Facebook page why Bitcoin's going to zero this time, I want you to answer one question. Did something change that made whatever your critique or your criti- criticism is about Bitcoin, did something change that made that critique or criti- criticism valid in 2026 when it was not valid in 2012, 2014, 2018, and 2022? If all the other Bitcoin bear markets where the price corrected much more aggressively than it did now, if none of those took Bitcoin to zero, and Bitcoin ultimately set a new floor and raged on to new all-time highs. If that has happened every single time before, I want you to answer me this, Bitcoin critic. Why is your critique valid now, and now is the time it's going to zero? The answer is it's not. It's not going to zero. It will set a floor. Maybe 59,000 was it. If not, it's probably close to that. I don't see it going significantly below 59,000. Uh but nobody knows. We'll only know in the rearview mirror. But again, none of the criticisms are valid unless you can answer for me, why is your criticism valid in 2026, but doesn't apply in your your your magic mythical criticism that you think you're the first one in the world who ever thought of it? Why does that apply in 2026? That it wouldn't have taken Bitcoin to zero when it was easy to take Bitcoin to zero, which is all the times it was way down more than it is now. Come on, give me a break. We're not going to zero after Bitcoin ETFs are approved. You know, Wall Street has embraced Bitcoin, Washington, D.C. has embraced Bitcoin, countries, sovereign nations are stacking Bitcoin. Give me a break. Your criticism is like a teleporting back 15 years to 2011, and totally doesn't even apply for the last decade. In fact, the vast majority of criticisms I see were not even valid in 2011. Not only are they not valid in 2026, 15 years later, they weren't even valid criticisms back in 2011. Give me a break. Bitcoin ultimately is going to 500,000 to a million dollars over the next 5 to 10 years. It will be the best performing major asset in the world. It has been, it will be. It's that simple. My advice is the same as it's always been. Buy as much Bitcoin as you can. Hold onto it for as long as conceivably possible. The best place to buy Bitcoin is wherever you already know and trust. So, if you already know and trust somewhere you can buy Bitcoin, which is already Fidelity and Cash App and Venmo and PayPal and Coinbase and Robinhood and Kraken and River and Strike. If you have a place you already know and trust, buy Bitcoin there. If you don't, I recommend River, r i v e r. Those five letters, r i v e r, River. river.com, the best place for people new to Bitcoin to buy Bitcoin. And once you have more than $10,000 of Bitcoin, go store store it safely and securely on Bitkey, b i t k e y. Website, bitkey.world, b i t k e y. w o r l d. So, I recommend buying Bitcoin on River and storing it for the long haul on Bitkey. Although if you buy a Bitkey, you can buy Bitcoin literally within the Bitkey interface for even cheaper with even lower or no fees at all. So, uh stay safe out there. I'm here for any questions. Bitcoin's not going to zero. It's on sale right now. Buy as much of it as you can. Hold on to it for as long as conceivably possible. That formula has worked for 17.5 years and it will continue to work into the future. Nothing's wrong with Bitcoin. Full speed ahead.
Disclaimer:
The content provided in this post is for educational purposes only. It should not be considered financial, investment, or trading advice. I am not a licensed financial advisor, and all opinions expressed are my own. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing in Bitcoin or any other assets carries risk, and you should never invest more than you can afford to lose.
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