The smart money is buying bitcoin from naïve holders that will one day regret selling

00:01 The smart money or another way of saying 00:04 that is the halves are buying their 00:06 Bitcoin from the have nots right now who 00:09 are selling it. And I wish the have- 00:11 knots would stop. So why do I know this? 00:14 Well, because the trading volume of 00:16 Bitcoin over the last 24 hours was $50 00:19 billion. And for every buyer, there's a 00:21 seller, which means $50 billion of 00:24 Bitcoin got bought in the last 24 hours. 00:27 And I know that not all of that is smart 00:31 money buying Bitcoin and selling Bitcoin 00:33 to each other. A significant amount of 00:35 that sales is from people with money, 00:38 the smart money buying Bitcoin from 00:40 people who will ultimately one day not 00:43 have that Bitcoin because they don't 00:44 understand what they're doing and 00:45 they're selling it. Now, this has 00:48 happened all the way through Bitcoin's 00:49 life cycle. And it's the reason that 00:51 even when Bitcoin's $1 million per coin, 00:54 there will be a lot more people that 00:55 once upon a time owned Bitcoin than 00:58 there are people who actually still own 01:00 it at $1 million. Now, some of that is 01:04 people who bought it really cheap, made 01:07 a ton of money, and are deciding to 01:09 liquidate some Bitcoin to go on a nice 01:10 vacation or upgrade their house or their 01:13 car or something like that, which is all 01:14 fine. But a lot of that selling pressure 01:17 is average regular people who bought 01:20 Bitcoin and don't understand what they 01:22 hold. And so maybe they bought Bitcoin 01:24 at 120,000. They don't understand how 01:27 investing works. The price drops to 115. 01:31 They feel like it's really not doing 01:32 anything. You know, maybe it goes back 01:34 to 120. They sell it and they're like, 01:35 "Well, I tried Bitcoin. You know, I 01:38 tried it. Held it for a few weeks, maybe 01:39 a few months. Didn't really do anything 01:41 for me." And they sold it. uh and then 01:44 once upon a time at some point in the 01:46 future they will come back and they will 01:48 wish that they had never sold that 01:50 Bitcoin. I have numerous friends many of 01:53 which bought Bitcoin even before I was 01:56 being very public about my Bitcoin 01:57 ownership on Facebook. For example, I 01:60 remember one person who bought a good 02:02 bit of Bitcoin at $5,000 per coin and 02:04 sold it at $20,000 per coin. And this 02:08 individual, you know, they'll still be 02:09 fine, but they were pretty proud of the 02:11 fact that they made four times their 02:13 money. But the problem is they made four 02:15 times their money. They could have made 02:17 20 times their money. And if they had 02:19 waited even longer, they could have made 02:21 200 times their money. So, it's pretty 02:23 painful to make four times your money 02:26 when you could have made 200 times your 02:28 money. And guess what? A bunch of smart 02:30 money is going to ride the rest of that 02:32 elevator. So, if you get on on the fifth 02:34 floor of a building, ride up to the 20th 02:36 floor, and then it goes to the 200th 02:38 floor, well, dang, that was quite a miss 02:41 on your part. Uh, pretty unfortunate. 02:44 Um, but people are doing that. So, there 02:46 there's new people getting into Bitcoin. 02:48 They don't understand what they're 02:49 doing. They have not taken the time to 02:51 understand Bitcoin or understand any 02:52 kind of investing. And they either sell 02:54 it at about the price they paid for it 02:56 or with modest gain. And I've got 02:58 friends also. I got a friend who bought 03:01 $300,000 worth of Bitcoin back in 2021. 03:04 It the value dropped to 100,000 and he 03:08 sold it all. He was like, "Well, Bitcoin 03:10 is not for me. I lost money." He lost a 03:11 couple hundred grand. Um, but that same 03:14 Bitcoin had he held on to it would have 03:16 probably been worth a million by now. 03:18 So, uh, again, he'll be fine. But 03:21 there's just a whole lot of people 03:22 selling Bitcoin. When you have $50 03:24 billion of Bitcoin trading hands in the 03:27 last 24 hours, a bunch of that is people 03:29 that are going to regret it. And a bunch 03:31 of these smart money is on the buying 03:33 side. So if you look at why is the price 03:36 of Bitcoin basically stuck at 115,000 03:39 for the last day or two, the answer is 03:41 not because corporations stopped buying 03:44 Bitcoin or that high net worth 03:45 individuals stopped buying Bitcoin or 03:48 that nation states states stopped buying 03:50 Bitcoin. What happened is there was just 03:53 enough retail naive investors who don't 03:56 know what they hold, don't know how 03:57 investing works, or have gotten bored 04:00 with Bitcoin even though it's up 100% in 04:02 the last 12 months, and they're like, 04:04 "Nah, I'll just sell it." And they go on 04:05 Coinbase or whatever, and they hit sell, 04:07 and they think, "Well, I tried Bitcoin. 04:09 It wasn't for me." And what they don't 04:11 realize is they're just missing out on 04:13 this massive epic upside that they just 04:16 didn't do the work and didn't have the 04:18 patience to experience. Meanwhile, the 04:21 smart money who's on the other side of 04:22 that trade is 04:25 uh buying Bitcoin handover fist with 04:28 every dollar they can scrge out of their 04:29 couch cushions because they do 04:30 understand what it is that they have and 04:34 they are not going to panic sell it uh 04:36 in the heat of a moment or more 04:39 importantly when they get bored. So, 04:41 please act like the smart money. Do not 04:44 be the people who sell your Bitcoin 04:47 thinking it's boring or it's not for you 04:50 or all of the returns of Bitcoin are in 04:52 the past because with $50 billion 04:55 getting bought in the last 24 hours, I 04:59 promise you it's uh the price would have 05:01 moved if there were not people naively 05:04 selling who are going to one day deeply 05:07 regret it. I just hope that is not you.