The NEWS is all good, and the PRICE will catch up!

The news in Bitcoin right now is all good and the price will eventually catch up. As I start recording this, the price is $70,00070 uh 0000 $70,000. And as you know, I spend multiple hours per day keeping up with all the latest news feeds on Twitter and the latest happenings on, you know, Google, you know, Google news, just anything that has anything to do with Bitcoin. Uh and it's just, you know, one positive news story after the other. Uh so why is the price not higher than 70,000? And the answer is because this just happens all the time with even the highest performing assets in the world. They go through periods where the news is all good. Nothing's wrong with the asset. Everything is marching along nicely. And for whatever reason, it's just, you know, the the the price growth is on pause uh for a variety of reasons in Bitcoin. Some of it's due to the Iran war, which is a war. Some of it is due to, you know, rising oil prices. people just freaking out about how that's going to impact the economy, slowing job growth, like you know, anytime everybody starts getting nervous, they tend to uh liquidate things that are not US dollars and sit on US dollars. Now, the US dollar is huging uh losing a huge amount of value, but it's use losing value relatively clo uh slowly. So, even if the dollar is losing uh 12% per year, which typically it's more like 4% to 9% per year, even if it's losing 12% per year, that's only about 1% per month. Now, that's horrible. If you're trying to store value in the US dollar, that is abysmal. It's like, you know, ridiculous. But if all you're trying to do is not lose money for one month while you wait to see if we're in World War II, well, a lot of people apparently are willing to lose 1% of the value of their uh assets for one month to see if we're in World War II or not. Now, me, I'm not willing to do that. I'm not going to lose 1% of my assets in US dollars while we just wait to see what some news uh headline is doing. Um it's never worth doing that in my opinion. So, I'm always storing value for the long haul, which means I'm always buying and using Bitcoin as money because it outperforms everything else in the long haul. So, the new stories are all positive. Uh, Bitcoin adoption worldwide is marching forward as always. The price is about $70,000 as will always happen and has always happened with Bitcoin and has always happened with high performing assets in the past. Eventually, the price will catch up. Eventually, the number of people adopting Bitcoin will outrun the people that are freaking out and selling Bitcoin because they're worried about World War II. They're worried about job growth. They're worried about AI. They're worried about the economy. You know, it's amazing the number of people that are scared by every little thing. And when they're scared by every little thing, they panic sell whatever they own back to US dollars and then they just watch their dollars evaporate, which makes no sense. But anyway, you know, the world will eventually either calm down or the adoption of Bitcoin, which will continue unrelenting, uh, will overwhelm the number of people willing to sell at $70,000. And the price will eventually go up. It could go down before it goes up. It's all a function of supply and demand. But the monetary properties of Bitcoin are as strong as they've ever been. The worldwide adoption continues to march forward unabated, and everything is great. So, I'll continue to pro provide updates as I can. Um, obviously sometimes it's hard to provide updates for stuff I've got going on just in the rest of life. for example, my daughter triple fractured her ankle and has been in just ridiculous amounts of pain for the last week and anyway, so that's been, you know, some long nights and it's been lots of running errands and going to the pharmacy and anyway, so it's hard to do YouTube videos when I'm distracted uh taking care of her and uh obviously my wife's there and we're tag teaming it, but it's uh you know, there's a lot even for two people. Uh but anyway, I'll continue to provide updates. But look, sometimes just like with Amazon, Apple, Google, Microsoft, Facebook, Nvidia, Tesla, which are the best performing seven companies in the last recent decades. There was just periods of time that went on for months or sometimes years when the news was positive, everything was marching forward, the world was adopting their technology, and the price just, you know, lagged behind. Well, eventually it it always eventually catches up to something more uh representative of the underlying fundamental value of the asset, which I would argue for Bitcoin is a lot more than $70,000. So, same with all investing, be patient. In the long run, Bitcoin will outperform every other asset you could possibly own, I believe. And nothing's changing that. and all the news stories that I spend multiple hours per day following with every single headline that hits uh Twitter. Um all of them indicate that everything is right on track and when everything is right on track eventually the price will be right on track. So just a matter of time, just a matter of patience and just a matter of not being worn out or shaken out. As Jack Mallers always says, don't let it uh the market wear you out or scare you out. Um, if you want to keep up with the news, my recommendations are the same as always, which is the weekly podcast from Jack Mers, M A L Ls, the Jack Malers Show. Uh, Jack Malers is the CEO of Strike, S I ke, and one other publicly traded company. And, uh, he does a weekly podcast on Monday night on YouTube, and it's great for just, you know, a view of what's happening in the world, uh, for the previous week. So, I always uh I I mean never miss one of those. I usually listen to it on, you know, Tuesday or something like that. So, I can listen to it at 2x uh instead of live, which is stuck at 1x uh speed. I like 2x speed. So, anyway, I usually listen on either late Monday night or Tuesday. And then also Natalie Brunell, we uh her podcast does newslocks, which are 10 minutes of the news highlights related to Bitcoin every week. I recommend that. And then if you want more sort of in the weeds, real time, you know, constant feed twice a week sort of stuff, uh, James Czech has a newsletter called, uh, check on chain and, uh, James J A- S check ce and that is relatively technical, probably more technical than most people want, but if you want every single movement of what's happening and why it's happening and where the price is going and where it's likely to go and how long we're going to be in a bare market and how soon we're likely to recover and all of that. His stuff is by far the best in the world. I love it. So anyway, uh stay patient out there and the price will catch up. It's all good.