You did NOT “miss the boat“ of Bitcoin! You are not “late to the party.”

00:01 Hey everyone, you did not miss the boat 00:03 with Bitcoin. Everyone's worried that 00:05 they got to the party late, the party's 00:08 almost over, that it would have been an 00:10 amazing opportunity to buy Bitcoin if 00:12 they had just done it sooner, but now 00:15 the party's over. They missed the boat, 00:17 all this sort of stuff. None of that is 00:19 true. We are incredibly early in the 00:23 adoption of Bitcoin worldwide. Something 00:25 like 4% four 4% of Americans own 00:29 Bitcoin. 00:30 96% of bit of Americans own zero 00:34 Bitcoin. Zero. The total worldwide 00:37 adoption of Bitcoin is 3% 3% of the 00:41 people on the planet own Bitcoin. 97% of 00:45 the people own zero Bitcoin. So picture 00:48 this. You're going to a party and 00:51 there's expected to be 300 people. And 00:54 you get to the party and there's only 00:56 nine people there. You're so early that 00:58 there's only nine nine of the 300 people 01:01 that are expected to come to the party 01:03 are there. And you throw up your hands 01:05 and leave because you're like, I'm late. 01:07 I'm late to the party. 3% of the people 01:09 are here. Three out of 300. Uh or sorry, 01:13 nine out of 300. 3% of the people are 01:15 here. I'm late to the party. I'm just 01:16 going to go home. Give me a break. 01:18 You're not late to the party. 3% of the 01:21 world has adopted Bitcoin. and you feel 01:24 like you're late to the party. 01:26 Yesterday, the first major country 01:28 adopted Bitcoin as a strategic reserve 01:31 asset, the United States, when Donald 01:33 Trump um created the strategic Bitcoin 01:36 reserve literally last night. Literally 01:39 less than 24 hours ago, the first major 01:41 country established a strategic Bitcoin 01:45 reserve less than 24 hours ago. And the 01:48 price is still at the basically the same 01:50 price for the reason I explained this 01:52 morning as it was uh yesterday before 01:54 that happened. So you can still buy 01:56 Bitcoin for cheap right 01:59 now. So let's recap. Almost nobody owns 02:03 Bitcoin yet. The people who do own 02:06 Bitcoin, it is a very small percentage 02:08 of their holdings. Uh almost nobody on 02:11 the planet is like me with 99% of my 02:14 liquid assets in Bitcoin. I'm an extreme 02:16 anomaly with 99% of my liquid assets in 02:20 Bitcoin. Now, I don't own as much 02:22 Bitcoin as some people think I do for 02:24 reasons I've covered in a video that I 02:26 titled why I don't own more Bitcoin or 02:28 something like that. I forget the title. 02:30 Um, and it has to do with the fact that 02:31 I spent a ton of my financial resources 02:34 on politics and public policy to make 02:36 the world a better place between 2014 02:39 and 2021. But of what is what was left 02:42 of my financial resources um after that 02:46 8 years burning through vast quantities 02:48 of uh money in the political process um 02:52 of what is left 99% is now in Bitcoin. 02:56 99% that's my level of conviction. Um 02:59 but very few sovereign you know 03:02 sovereign wealth funds own any Bitcoin. 03:04 Almost no sovereign nations own Bitcoin. 03:08 Uh even the United States, the initial 03:10 strategic Bitcoin reserve is being 03:11 funded with uh Bitcoin that they had 03:13 from a uh seized assets back in 2014, 03:17 more than 11 years ago. Uh but the US 03:20 government will buy more Bitcoin and 03:21 more come countries will start 03:23 establishing strategic reserves. So if 03:25 you feel like you're late to the party, 03:27 there has never been, I'll just assure 03:29 you, there's never been a better time to 03:31 buy Bitcoin. There's never been a time 03:33 where the risk profile of Bitcoin was 03:36 lower than it is today. Right now, the 03:39 bis the risk profile of Bitcoin is the 03:41 lowest it's ever been in history with 03:43 the largest and most powerful the 03:45 largest economy in the world and the 03:47 most powerful country in the world being 03:48 the United States um establishing a 03:51 strategic Bitcoin reserve last night. Um 03:54 the upside of Bitcoin as compared to the 03:57 risk has also never been higher. So 03:59 think about it. Uh right now the price 04:02 is only about 30% higher than the day 04:05 before Donald Trump was elected 04:06 president as a very pro- Bitcoin 04:08 president. The price is only 30% higher. 04:11 Well, the regulatory and legal and 04:14 political and tax environment for 04:16 Bitcoin is 300% better than before 04:20 Donald Trump was elected. So the price, 04:23 you know, the environment is 300% 04:25 better. the price is only 30% up which 04:28 tells you that 9/10en of the benefit 04:30 that will ultimately acrue from having 04:32 Donald Trump as president uh rather than 04:35 Kla Harris as it relates to Bitcoin 90% 04:38 of the benefit of that is not yet 04:40 reflected in the price uh the Bitcoin 04:43 exchange traded funds that were approved 04:45 one year ago on uh in January of 2024 uh 04:49 probably 10 10xed the total market yet 04:54 the price is less than double from the 04:56 day those were approved right now. So 04:59 the prices had less than doubled except 05:03 the total sort of reach of the Bitcoin 05:05 ETFs probably expanded by 10x the total 05:09 number of people that could easily buy 05:10 Bitcoin with the push of a button. So 05:12 it's doubled but double is way 05:15 different. You know double is 2x not 10x 05:18 you know the other 8x is yet yet to be 05:21 felt. like there's a huge huge huge 05:24 amount of upside uh still there. So 05:28 bottom line on Bitcoin is we are still 05:30 very early in the adoption 05:32 process. 9 cents everybody felt like 05:35 they were late to the party and they had 05:36 missed the boat because they could have 05:39 gotten it for less than one penny uh few 05:41 weeks or a few months sooner. And at 90 05:44 cents everybody felt like they had 05:45 missed the boat. They were late to the 05:47 party because if they were going to buy 05:48 Bitcoin, they should have done it at 9 05:50 cents when they first heard about it, 05:52 not at 90 at the time that they're 05:54 they're thinking these thoughts. 05:57 $9. Everybody was saying, you know what? 05:60 If I was going to buy Bitcoin, I should 06:01 have done it at 90. Now it's $9 and I 06:06 should have bought it at 9 and I'm not 06:08 going to buy it at $9 because it's so 06:10 expensive now. $90. People were like, 06:12 "Well, if I'm going to buy Bitcoin, I 06:14 should have bought it at $9. Now it's 06:16 $90. Now it's so expensive. I missed the 06:19 boat. I'm late to the party. I don't 06:21 want to be the last one in." You know 06:23 who, you know? And then same thing at 06:25 $900, people thought, "Well, if I was 06:27 going to buy Bitcoin, I should have 06:28 bought it at $90, not $900." At $9,000, 06:32 everybody was saying, "Well, if I was 06:33 going to buy Bitcoin, I would have 06:35 bought it at $900. Now it's $9,000. Now 06:38 it's so expensive. I feel like I've 06:40 missed the boat. I feel like I'm late to 06:42 the party. So, here we are at $90,000. 06:45 And do you know what people are saying? 06:47 They're saying the exact same thing they 06:49 were saying 16 years ago or 15, you 06:52 know, 14 and a half or 15 years ago when 06:54 Bitcoin first had a price. They're 06:55 saying the same thing. Right now at 06:57 $90,000, people are saying, "If I were 07:00 going to buy Bitcoin, I should have 07:01 bought it back when it was $9,000. Now 07:04 it's $90,000. Now it's so expensive. I 07:06 feel like I've missed the boat. I feel 07:08 like I'm late to the party." Do you know 07:10 what people are going to be saying when 07:11 Bitcoin is $900,000 a coin? I can tell 07:14 you. I can tell you right now. I know 07:16 exactly what people are going to be 07:18 saying when Bitcoin is $900,000 a coin. 07:21 They're going to be saying, "I should 07:23 have bought Bitcoin at 07:24 $90,000. I don't want to buy Bitcoin now 07:27 at $900,000 because I feel like I'm late 07:29 to the party. I feel like I missed the 07:31 boat. And if I was going to buy Bitcoin, 07:33 I should have bought it back when it was 07:34 $90,000." Now, guess what people are 07:37 going to be saying when Bitcoin hits $9 07:38 million a coin? I can promise you. I 07:41 know exactly what they're going to be 07:42 saying at $9 million a coin. They're 07:43 going to be saying, "If I was going to 07:45 buy Bitcoin, I should have bought 07:46 Bitcoin at $900,000 a coin. Now it's so 07:49 expensive at $9 million a coin. I feel 07:52 like I'd missed the boat. I feel like 07:53 I'm late to the party." This is 07:57 crazy. Nobody's late to the party. 07:59 Nobody missed the boat. The vast 08:01 majority of the upside of Bitcoin is 08:03 ahead of us, not behind us. The vast 08:06 majority of the adoption of Bitcoin is 08:08 ahead of us, not behind us. There's 08:11 incredible opportunity to buy bit 08:14 Bitcoin when it is massively massively 08:17 massively derisked. So yeah, if you had 08:20 bought Bitcoin when it was cheaper than 08:21 now, you would have more upside in the 08:23 future and the past than you do right 08:26 now buying Bitcoin. But the risk profile 08:28 was radically higher in the past. So 08:31 everybody thinks they wanted to buy 08:32 Bitcoin back when it was a lot cheaper. 08:34 And they don't realize, yeah, but back 08:36 when it was a lot cheaper, it was a lot 08:38 cheaper because the risk was a lot 08:41 higher. It was a lot less certain that 08:43 Bitcoin would be the future monetary 08:45 system of the world. It was a lot less 08:48 certain that the United States 08:49 government would adopt a strategic 08:51 Bitcoin reserve. It was a lot less 08:53 certain that Bitcoin exchange traded 08:56 funds would ultimately launch and become 08:58 the most suess successful exchange 09:00 traded funds that have ever launched on 09:02 the in the stock market in the history 09:04 of the stock market. All of that was 09:06 unknown. All of that was uncertain. Now 09:09 all of that is known. Now all of that is 09:11 certain. All of the worldwide adoption 09:13 of Bitcoin, the stability of Bitcoin, 09:15 the security of Bitcoin, you know, the 09:17 infallibility of Bitcoin, all of the 09:20 things that we know now that Bitcoin is 09:22 more than 16 years old are all in the 09:25 past, which means all of that risk 09:28 associated with those things is now 09:29 gone, making, in my opinion, Bitcoin 09:32 probably the safest investment in the 09:34 entire world right now. If somebody 09:36 said, "Joel, invest in something and 09:39 don't worry about upside, just worry 09:42 about absolute certainty and safety." 09:45 Would pick Bitcoin. I would pick Bitcoin 09:48 because Bitcoin is demonetizing gold. In 09:50 the in the past, most people would have 09:52 said gold. They would have said, "Okay, 09:54 if if all I'm worried about is downside, 09:56 gold, at least has been around a long 09:57 time." But gold was only valuable 09:60 because of its monetary properties. 10:02 Bitcoin has radically better monetary 10:04 properties than gold, which means I 10:06 think Bitcoin is the most certain 10:08 investment a person can make right now. 10:11 Now, in the short term, it will go up 10:13 and down. In the short term, it is 10:14 volatile. But it is only volatile 10:16 because it's early in the adoption 10:18 cycle. And all technologies, all assets, 10:21 all financial instruments are volatile 10:24 when they are early in the adoption 10:26 process. Late in the adoption process, 10:29 they are not volatile. But late in the 10:31 adoption process there also the massive 10:33 upside that everybody wants is not 10:36 there. So once something is no longer 10:39 volatile it no longer has the huge 10:41 economic upside of ear of in the early 10:43 adoption stage. All things that are 10:46 early in the adoption stage are 10:48 volatile. 100% of things that have a 10:50 long a high long-term potential return 10:54 100% of them are volatile in the short 10:56 term. and they are volatile in the short 10:58 term because adoption is not a linear 11:01 straight line. Uh it's just everybody's 11:04 doing different things. News articles 11:06 they're hitting every different day that 11:08 makes people wonder how long and you 11:09 know how quickly Bitcoin will be 11:11 adopted, how fast it will be adopted, 11:14 you know, the the pace, you know, in 11:16 which countries, you know, how fast, all 11:18 this sort of stuff. There's just a 11:19 million moving parts. Um so we are very 11:22 early in the Bitcoin adoption life 11:23 cycle. Uh it's I in my opinion the 11:26 lowest risk thing you can invest in 11:28 right now if you can stomach the 11:30 volatility and the highest upside thing. 11:33 It's just an incredible time to invest 11:35 in Bitcoin. And I know in the future a 11:38 bunch of people are going to tell me, 11:39 Joel, I really, really, really wish I 11:41 had bought as much Bitcoin as I possibly 11:43 could below $90,000 per coin, but and 11:46 I'm going to say, well, why didn't you? 11:48 And they're going to say, well, because 11:50 I felt like I had missed out. I had felt 11:51 like I missed out. I felt like I was 11:53 late to the party. I felt like I had 11:56 missed the boat. And I'm here to tell 11:59 you, you haven't. And those that listen 12:01 will buy more Bitcoin. And those that 12:03 don't will find out 10 years from now 12:06 when Bitcoin's weigh million dollars per 12:09 coin that they did indeed miss the vote. 12:12 And they are indeed late to the party. 12:15 And dang, wouldn't it have been nice to 12:17 buy a ton of Bitcoin for a radically 12:20 cheaper price than what you're going to 12:22 have to pay in the future? You're going 12:24 to have to adopt Bitcoin eventually. 12:25 It's inevitable because otherwise you're 12:27 just going to lose purchasing power 12:28 because everything else loses money. So, 12:30 you're going to have to adopt it 12:32 eventually. The question is, you know, 12:33 do you adopt it early in the cycle or 12:36 late in the cycle? And right now, ladies 12:38 and gentlemen, it is early in the 12:40 Bitcoin worldwide adoption cycle. So go 12:43 buy as much Bitcoin as you possibly can 12:45 and hold on to it for as long as 12:46 conceivably possible. And in my opinion, 12:50 even though this is not financial 12:51 advice, that is the best investment 12:53 decision a person could make. That is my 12:55 personal opinion. Have a great day, 12:57 everyone.