This is HOW bitcoin will reach $1 million per coin, and this is how it will FEEL as it does

00:01 hey everyone let's talk about how 00:03 Bitcoin will reach $1 million per coin 00:06 and how it will feel as it does that 00:08 first of a lot of people think when an 00:10 investment goes up by a factor of 10 00:13 meaning you make 10 times your money 00:15 that somehow like they're going to walk 00:17 outside one morning and there will be 00:19 writing in the sky that says you were 00:23 early you made a ton of money you know 00:25 this new asset's incredible something 00:27 like that or that they're going to see 00:29 on the news that everybody's talking 00:32 about this new thing that they bought 00:34 you know before it went up and how high 00:36 it is and it's euphoric and like it's 00:38 utopia and all that sort of stuff that's 00:40 just not how it works when assets go up 00:42 by a factor of 10 um what happens is 00:46 they grind higher they fall back they 00:49 grind higher they grind down they grind 00:51 sideways they grind up and somehow over 00:54 a long enough period of time you notice 00:58 that wait a second worth 10 times higher 01:01 than than the price I originally bought 01:03 it at so that has been my experience 01:06 from the very first Bitcoin I bought in 01:08 uh around $9,000 although my average 01:11 price uh I think my average price was 01:13 $10,000 but the very first Bitcoin I 01:15 bought um was I think around 10,000 uh 01:18 so let's use 10,000 just for round 01:20 numbers 10,000 to 100,000 so what was my 01:23 experience from 10,000 to 100,000 which 01:25 is 10x I made 10x on that money uh now I 01:28 should have bought a lot more bitcoin 01:30 but you know so should every so so 01:32 should everyone have uh so my experience 01:34 was I bought it and then it went down 01:36 some and then it went up some and then 01:38 it went down some and then it grind 01:40 ground sideways for a really long time 01:44 and I bought some more uh but not enough 01:47 i should have bought a lot more and then 01:50 it basically bounced around and bounced 01:51 around all through the rest of 2018 and 01:54 2019 and 2020 and then I noticed in 2022 01:59 sorry 2020 uh uh 2021 that it's like wow 02:03 it's like significantly up from where I 02:05 bought it um but again it had been you 02:07 know grinding around for two two or 02:09 three years and I've noticed wow it's 02:11 significantly up from where I bought it 02:13 um and then you know it went way up in 02:16 2021 to about uh seven times what I paid 02:20 for it up to 70,000 then it dropped way 02:23 back down in 2022 and it ground around 02:26 in 2023 and then it climb you know it 02:29 climbed in 23 climbed in 24 and here we 02:32 are it's climbing you know for the first 02:34 half of 2025 so there we go 10 times my 02:37 money and the question is how many times 02:39 during that time did I feel euphoric did 02:42 I feel like a genius did I feel like wow 02:45 wow this asset that I've owned for all 02:48 this time is now way way way up and you 02:51 know everybody's talking about it and 02:52 the answer is in in an entire 2 and 1/2 02:55 year time frame uh since well I guess 02:59 it's been a uh you know since 20 let's 03:02 call it 2017 2018 in that eight years 03:04 that it's been 10x there's only been a 03:08 handful of times fewer than 10 in eight 03:11 years probably fewer than eight in eight 03:13 years where it felt like it was going 03:15 way up and this is amazing and I'm a 03:18 genius and it's fabulous it's just not 03:21 that often and so let me use a a tighter 03:24 time frame uh because it's easier to 03:26 tell the story with a tighter time frame 03:28 um you know from a timeline perspective 03:30 so Bitcoin has 7xed in the last uh 2 and 03:36 a half years so it started at the 03:38 beginning of 2023 03:41 um at below $17,000 16,000 something and 03:46 it is up a factor of between 6 and 7 6 03:49 and 7 times your money since uh the 03:52 beginning of 2023 so 2 and 1/2 years 03:55 okay so in that two and a half years I 03:58 only remember maybe five or six times 04:01 that it felt like "Wow this thing is 04:03 really taken off like a rocket this is 04:05 fantastic it's going up i love it this 04:08 is amazing." Like just that's not that 04:10 much that's not that much most of the 04:12 last 2 and 1/2 years has been grinding 04:14 sideways grinding down grinding slowly 04:17 up it's just been grinding and nobody's 04:20 paying attention um so um if you if you 04:24 rewind uh to that experience I remember 04:27 when it went from the teens to the 20s 04:29 uh because that happened relatively 04:30 quickly i remember the the you know the 04:32 20s to the 30s the 30s to the 40s so 04:35 that's three then the 40s to the 70s 04:37 happened quite quickly after the ETFs 04:39 were approved um and then I remember 8 04:43 months later I mean that's a long time 8 04:45 months later of grinding sideways after 04:48 a big jump from the you know 40s to the 04:51 70s we ground sideways for eight solid 04:54 months because again the market just had 04:56 to digest that upswing when any asset 04:59 moves very quickly that high that fast 05:03 the market's going to do some grinding 05:05 called chopolidation or consolidation or 05:08 chopolidation or my preferred term 05:11 grinding sideways because that's what it 05:13 feels like it just feels like you're 05:14 grinding it's got to do that because you 05:16 can't move that fast without a bunch of 05:19 people in the marketplace wanting to 05:20 adjust their position there's a bunch of 05:23 new people that want to buy but there's 05:24 also a bunch of people that have been 05:25 there a long time that are ready for 05:27 some liquidity to do whatever it is 05:29 improve the lives of themselves their 05:31 family whatever it is they do and you 05:33 got to grind sideways while all of those 05:35 people make up their mind and trade out 05:37 their coins and do all that stuff so it 05:39 took 8 months and then I remember the 05:42 jump from the 70,000s to the 90,000s and 05:44 the 90,000s to you know roughly 110 but 05:49 that's only like five or six big jumps 05:51 that I remember in two and a half years 05:54 so the vast majority of the two and a 05:56 half years have felt like grinding it's 05:59 just felt like grinding and here we are 06:01 i've made you know of all the money I 06:03 bought in you know late 2022 and early 06:06 2023 I've made six times my money but 06:09 the vast majority of that time period 06:11 has just felt like grinding it's felt 06:13 like owning any investment that's just 06:15 like waiting long periods of waiting um 06:18 same with the Bitcoin I bought in late 06:20 2017 and early 2018 it's been whatever 8 06:24 years and it's been mostly just grinding 06:27 it just feels like it's grinding going 06:29 nowhere going a little up going a little 06:31 down uh but you know then you look in 06:34 the rearview mirror and it's like well 06:35 I've made 10 times that money so same 06:37 thing is going to happen here from 06:38 100,000 to a million the huge percentage 06:42 of that time is going to feel like 06:44 you're grinding it's going to feel like 06:45 it's going nowhere it's going to feel 06:47 like it's slowly grinding down and my 06:50 guess is there's going to be a 06:51 relatively few number of times that you 06:54 think this is euphoric this is amazing i 06:57 love this i'm a genius everybody's 06:59 talking about Bitcoin there's just not 07:00 going to be that many times uh between 07:03 here and a million that's just not how 07:04 investing works uh to give you an 07:06 example of that uh the magnificent seven 07:09 stocks which are the seven best 07:11 performing stocks uh in the US stock 07:13 market over the last 10 years I think 07:15 pretty much all of them have made 5 to 07:17 10 times the money uh in the last 5 or 07:20 10 years so let's just use round numbers 07:23 five to 10 times your money in the last 07:24 5 or 10 years but if you think about it 07:27 how many times do you remember people 07:29 talking about Microsoft and Facebook and 07:32 this is as an investment you know 07:34 Microsoft Facebook Amazon Google um uh 07:40 whoever else is part of the Magnificent 07:42 7 um most of those companies oh Apple's 07:46 another one let's take five of those 07:47 that have been around the longest apple 07:49 Amazon Microsoft Google and Facebook 07:52 if you rewind five or 10 years almost 07:54 everybody thought that those stocks were 07:57 already expensive that there wasn't that 07:60 much upside left and over the last five 08:02 or 10 years you probably heard almost 08:05 nobody talk about how you know what a 08:08 rocket ship that those stocks were the 08:10 short take is five or 10 years went by 08:13 and each of those stocks went up by a 08:14 factor of 5 to 10x or you know some 08:17 significant amount i forget the exact 08:19 numbers but the short take is there was 08:21 no writing on the wall there was no 08:22 writing in the sky there was no you know 08:25 universal euphoria where everyone 08:27 celebrated you know everyone who had 08:30 invested in Microsoft or Amazon or Apple 08:32 or Google uh or Facebook that's just not 08:35 how it works um generally nobody's 08:37 paying attention even in the last 2 or 3 08:40 years the price of gold the total market 08:43 capitalization of gold has added $10 08:46 trillion 08:48 10 trillion is a ridiculously large 08:50 amount of money 10 trillion so the 08:53 market capitalization of gold has gone 08:55 from uh let's call it you know to use 08:58 round numbers 12 trillion to 24 trillion 09:01 in just the last 2 or 3 years now adding 09:05 12 trillion to the market cap of gold or 09:08 10 trillion is larger even the largest 09:11 US uh companies the ones I just 09:13 mentioned Amazon Apple Facebook Google 09:16 Microsoft 09:18 even those companies are only worth 09:20 between 1.5 trillion and $3 trillion 09:23 each which means gold in the last 2 or 3 09:26 years has added more market 09:28 capitalization than probably the top 09:31 five companies in the world combined but 09:35 again how much have you heard about gold 09:36 probably zero probably not a single 09:39 person listening to this video knows 09:41 that gold added $10 trillion dollar in 09:44 market capitalization that's a 09:46 ridiculously large amount now gold's 09:48 market capitalization has always been 09:50 the largest asset and so 10 trillion 09:52 only doubles the price of gold which 09:54 means is it a great investment no 09:56 because in the same amount of time that 09:57 you could be up you know six times your 09:59 money on Bitcoin you're only up two 10:00 times your money on gold so I don't 10:02 recommend it but if 10 trillion dollars 10:05 poured into Bitcoin we'd be at I mean 10:08 500,000 you know thousand a coin 10:10 overnight just like boom in fact 10 10:14 trillion of new money pouring in all of 10:16 a sudden would probably push us to a 10:18 million dollars per coin but again it's 10:20 not going to happen that fast you know 10:22 nothing happens that fast um and again 10:25 the only reason gold can add $10 10:27 trillion because it was already a $10 10:28 trillion asset before that happened and 10:30 gold's been around a really long time 10:32 and most of the buying is coming from 10:34 central banks that can print money out 10:35 of thin air and turn around and buy gold 10:36 with it which is what they're doing and 10:38 so obviously an asset like that can uh 10:40 can add market capitalization again I 10:43 don't think it's a good investment 10:44 because it doesn't grow quickly compared 10:46 to its size but it added 10 trillion but 10:48 again did you know that gold added 10 10:50 trillion in market capitalization 10:53 no because nobody's talking about it so 10:55 the same thing is going to happen and is 10:58 happening in the case of Bitcoin uh you 10:60 will hear people say that Bitcoin will 11:02 bore you to death between here at a 11:04 million dollars a coin and that is 11:06 exactly what's going to happen between 11:08 now and a million dollars per coin you 11:10 are going to be bored out of your mind 11:12 there will be very long periods of time 11:13 where it seems like nothing's happening 11:15 there will be long periods of time where 11:17 it seems like we're gr it's grinding 11:19 slowly down there will be you know just 11:22 lots of boredom lots of frustration lots 11:26 of you know 30% price dips along the way 11:28 to wipe out anybody that's uh you know 11:32 buying Bitcoin with leverage which means 11:33 with borrowed money those people are all 11:35 going to get consistently uh you know 11:37 wiped out of the market so all of that's 11:39 going to happen and it's just going to 11:41 be boring and then at some point you're 11:44 going to wake up and Bitcoin is going to 11:45 be a million dollars per coin and people 11:48 are going to say "Oh wow well that's 11:49 amazing you got so lucky which you 11:52 didn't get lucky you did the hard work 11:53 of understanding Bitcoin it's not luck 11:55 you if you do the hard work of 11:57 understanding what you own then you 11:58 deserve the gains when they come but 12:01 again all the people that did not do the 12:02 hard work are just going to think you 12:03 got lucky all right so but when that 12:06 happens and Bitcoin hits a million 12:07 dollars per coin and everybody's like 12:09 "Wow you bought in 2024 or 2025 or 12:12 whatever you know you must that must 12:14 have been a euphoric ride." And the 12:17 answer is no it wasn't it was not a 12:19 euphoric ride because the majority of 12:21 that five or 10 years between you know a 12:24 hundred thousand a coin and a million 12:25 dollars per coin the vast majority of 12:27 that time was a grind and it sucked and 12:30 it felt like you know lots of second 12:32 guessing and did you make the right 12:33 decision and why is Bitcoin not going 12:35 anywhere why is the price stuck but 12:38 again you zoom out and it's like yeah 12:39 but then it went from 100,000 to a 12:41 million and that's what happened it was 12:43 brutal it was grinding it was boring it 12:46 was you know it sucked and you made 10 12:50 times your money for Bitcoin you bought 12:52 at 10x and if you bought it at you know 12:55 or or 100,000 if you bought Bitcoin at 12:57 67,000 you made whatever 15 times your 12:60 money whatever that is um anyway so 13:03 that's what the path is going to be like 13:05 it is going to feel boring frustrating 13:09 annoying most of the time i would 13:11 imagine between you know 100 thousand 13:13 and a million a coin you will probably 13:15 get you know let's call it eight to 10 13:19 periods multi-day periods of euphoria 13:22 where Bitcoin is you know and I think 13:24 one of those is coming soon here where 13:26 suddenly we go from 107,000 a coin to 13:29 120 but if if we do that it's probably 13:31 going to take place about over the 13:33 course of 2 or 3 days so you're going to 13:35 feel great for two or three days and 13:37 then you're going to feel sucky for two 13:38 or three months or six months or eight 13:40 months or a year as Bitcoin grinds and 13:43 grinds and grinds before it you know we 13:47 get another big up you know and then it 13:49 goes to 150 and then it goes to 180 and 13:50 then it goes to 220 and then it goes to 13:53 280 and then it goes to 380 and then it 13:55 goes to 420 and then it goes to 500 and 13:58 it's like okay you got to 500 but there 14:00 was only five or six times in the you 14:02 know between now and 500 that you really 14:05 felt amazing about your investment 14:07 and each of those times only lasted a 14:09 couple days before we were back to 14:11 grinding at a new higher price grinding 14:13 grinding grinding always boring always 14:15 grinding so that's what it's going to 14:17 feel like there's not going to be any 14:18 writing on the wall uh there's not going 14:21 to be you know the adoption of Bitcoin 14:23 that's required to get it to $1 million 14:25 per coin is already happening it's 14:28 literally already happening right in 14:29 front of your eyes right underneath your 14:31 feet it's already happening and the 14:34 process is going to feel like a bunch of 14:36 what it feels like right now for a 14:38 really long time is which is going to 14:40 feel like forever the next five or 10 14:42 years and then we'll be at a million 14:44 dollars per coin and then you like 14:45 everyone else will wish they had bought 14:47 a lot more Bitcoin when it was a lot 14:49 cheaper because that is everyone's 14:51 universal experience is that they wish 14:52 they had bought a lot more a lot cheaper 14:55 and that's just how it works for 14:57 everyone so hopefully this video is 14:59 helpful always here to help you on that 15:01 journey hopefully I will uh help make 15:04 sure that journey is not too boring not 15:06 too grinding and if you follow people 15:08 like Jack Malers uh with the Jack Mer 15:11 Show podcast which I always listen to 15:13 every week or um subscribe to James 15:16 Czech with uh Checkmate is what his uh 15:20 you know tag is or uh handle is on 15:22 Twitter if you subscribe people like 15:24 that will make sure you understand 15:26 playbyplay exactly what's happening why 15:29 it's happening you know all of that 15:31 which makes it easier to hold Bitcoin if 15:32 you at least know why it's going up and 15:35 down and people like that are good at 15:37 explaining jack Mer is good at at 15:39 explaining 15:40 uh sort of the long-term horizon of 15:42 Bitcoin and how the you know what all 15:45 the politicians are saying plays into 15:48 why we're going to get where we're going 15:49 to get and James Czech is is you know 15:52 fantastic about basically the day-to-day 15:54 every two or three days he releases a 15:57 you know a 10-minute assessment of where 15:59 we are and why Bitcoin is doing exactly 16:01 what it it's doing and he's usually spot 16:04 on and it makes you not feel like you're 16:07 flying blind u so anyway that's that's 16:10 my two go-to resources um I always if if 16:13 I have an email from James Check in my 16:16 inbox from my 30 $30 a month 16:18 subscription to him that's always the 16:20 very first thing I read uh and then if I 16:23 have a Jack Mer show from Monday night 16:25 which they get recorded Monday nights uh 16:27 that's always the very second thing I do 16:29 after I read anything from James Check 16:31 is I listen to Jack Morers uh and then I 16:33 go you know troll Twitter and everything 16:35 else and see what the news is but uh 16:37 anyway that's the path from here to a 16:39 million dollars lots of boredom lots of 16:41 pain and in the rearview mirror when 16:44 it's all said and done you just wish you 16:46 had bought more Bitcoin that's that's 16:48 been the story from 10,000 to 100 that 16:51 was the story from 1,000 to 10,000 that 16:53 was the story from 100 to a,000 the 16:56 process has always been the same short 16:58 periods of euphoria long periods of pain 17:01 and grinding and you'll end up looking 17:03 in the mirror and you're up 10x and then 17:06 you wish you had bought a lot more 17:07 Bitcoin and that's the experience and 17:10 then you get to enjoy uh the fruit of 17:12 your labors which is the Bitcoin that's 17:14 up you know 10x uh it's just about 17:17 patience and all investing works that 17:19 way so hopefully that helps have a great 17:21 day everyone thanks