$60,000 in 2026 is totally different than $60,000 in 2024!

you buy Bitcoin in 2024 or at any p time when it was around $60,000 or $58,000 or anything like that and you feel like you’ve just gone a complete round trip right back to where you started and here we are at $60,000 again. You should not feel that way. There is a huge difference between $60,000 in 2026 and $60,000 in 2024 or whatever time you feel like that’s you know your average cost basis. Here’s the difference. one, we are at the bottom of a bare market. You can take any app uh asset, Amazon, Apple, Facebook, Google, Microsoft, Nvidia, Tesla. Take any of the Magnificent Seven stocks and you can find a place where the peak of one high is the same as the bottom of a future low. The difference is if you bought $60,000 at let’s say the high in 2021, you were buying at the t uh tip tip peak top of 2021. And what was ahead of you? A huge valley of the 2022 bare market. But that’s not where we are right now. 20 uh $60,000 in 2026 is the very bottom of a bare market. What is ahead of you? three plus years of euphoric upward price action briefly interrupted periodically by 25 or 30% price corrections which are so what when you’ve been through this bare market you know that stuff comes easy after this. Um so it’s it’s totally not the same. It’s not the same because you’re comparing again you’re comparing it’s it’s like climbing a mountain or if you’re skiing or something like that, right? You can go over one mountain and then you realize there’s another huge one ahead of you and you have to go through a valley to get to the next huge mountain. So you go down through the valley and at the very bottom of that valley you could say, “But wait a second, by elevation, I’m basically back to where I was before I climbed the first mountain.” But you’re totally not where you were before you climbed the first mountain because what was ahead of you after you climbed the first mountain was the valley you’re in. Now you’re in a valley before the big mountain. So you get the benefit of the big mountain ahead of you because you don’t have to go back through the valley you were already in. But here’s another consideration. So first of all, again, being in a bare market, uh, let me give you another comparison. You could have bought Bitcoin at $15,500 in 2017. The difference was that was the peak tippity tippity tippity top of 2017 before the brutal 2018 bare market. You could also buy Bitcoin at 15,500 in 2022. But what was ahead of you in 2022? 3 plus years of the best performing asset in the entire world and an asset that has quadrupled from there to today. Even though we’re in a bare market right now, the asset in 2022 that you bought in the bare is quadruple what it was in 2022. So again, totally different to be a Bitcoin owner that bought at 15,500 in 2017 versus 2022 because one of them you’re 5 years closer to huge returns than the other one. One second. Okay. Now, here’s another consideration. A couple of people have reached out to me and said something to the effect of, “Okay, I’ve been in Bitcoin what, two years or longer or whatever, and it’s basically back to my cost basis. Anyone right now can buy Bitcoin for the same price that they’re getting it for, except they’ve had to endure a brutal ups and down and all the things along the way between then and now. And sort of implied in their question is that’s not fair because people can buy Bitcoin now at the same price and I’ve had to, you know, have all these brutal ups and downs. It’s totally not the same. Someone buying Bitcoin now is totally not worth is totally not the same as you living through the brutal ups and downs of the last few years to get here. Here’s why. Someone buying Bitcoin right now is almost certainly dipping their toe in the water. When I when I when I had I’ll tell you a story about myself in a second here, but if you are sitting with 60% of your net worth in Bitcoin at $60,000, that is not the same as somebody who shows up today and says, “I’ll dip my toe in with 1%.” Now, it’s true if you got 60% of your net worth in Bitcoin at $60,000 and someone else shows up today and puts 60% of their net worth in Bitcoin, then yes, they can not have to go through all the pain of the last 5 years and they can be where you are. But guess what? What percent of people actually do that? Zero. 0% of people are showing up brand new, fresh, wet behind the ears, no Bitcoin ownership in 2026 and looking at it and say, “Wow, a brutal bare market down to $60,000. I think I’ll put 60% of my net worth in Bitcoin.” Now, the story I wanted to tell of my own experience. So, coming out of the 2022 bare market, bottom was 15,500. I had accumulated all the way down, all the way up. I had also accumulated, you know, in the 2021 uh bull market, which means I had Bitcoin. and I had bought at, you know, 60,000 at various points and all that. In addition to Bitcoin I had bought before that at 6,400, which was the cheapest I ever bought Bitcoin. But anyway, I was talking to somebody and the price of Bitcoin at the time, this was sometime in 2023, was about $27,000. They own zero Bitcoin. And I had 60% 60. I had 60% of my net worth in Bitcoin with an average price at that time of roughly $27,000. And the thought crossed my mind as I was talking to this person. If they put 60% of their net worth in Bitcoin right here in 2023, they can basically be exactly where I am and they didn’t have to live through 2017, 2018, 2019, 2020, 2021, 2022, and part of 2023. They basically get to frontr run seven years of hard work that I spent buying Bitcoin all the way ups and downs at all different prices. They could just buy it at the same price I paid in 2023. Guess what? Did that person put 60% of their net worth in Bitcoin at 27,000 back in 2023? No. I don’t think they bought any Bitcoin. Honestly, at to the best of my knowledge, they never actually took any action. If they had, they would have bought 1% of their net worth. And guess what? Then they would have bought another percent at 35,000. And then they would have bought more at 42,000. And then they would have bought a big slug at 50,000 some. And then they would have bought a bunch more at 90,000. And then they would have bought the most at 112. That’s what they would have done. And their average cost basis would have been, I don’t know, 90,000, 105, you know, 85, whatever it was. It would have been radically higher than 2027. But because I had done the work and I had lived through the ups and downs between 2020 uh 2017 and 20uh23 I had the conviction to have 60% of my net worth in Bitcoin at an average price of 27,000 in 2023. Now I right now I have 100% of my net worth in Bitcoin at an average price of let’s call it 35,000 a coin. So I’m not quite double close to double my entire net worth from Bitcoin. maybe not quite double, you know, I think at 70,000 or whatever I’m, you know, double my net worth and right now it’s at 60. So, whatever. I’m still radically up on my entire net worth. My entire liquid net worth, everything I own other than my house, some stock in Prosper, and some other smaller investments that are not liquid, meaning I couldn’t turn them into Bitcoin even if I wanted to, and I wish I could because I would. But anyway, um anyway, same thing here. If you’ve done the work and you have a cost basis of 60,000, even if you have a cost basis of 90,000 left over from last year, so what? The people who are adopting Bitcoin now, which is almost nobody, cuz almost nobody adopts Bitcoin for the first time in a bare market. It just almost never happens. They always adopt in a bull market. The price is rising, they’re feeling good, they’re getting lots of validation based on the fact that it’s rising, everybody else is telling them they should buy more because it’s rising. Everything feels good. Almost everybody accumulates the first 50% of all the Bitcoin that they’ll ever buy when the price is rising. They accumulate the last 50% of all the Bitcoin will they will ever buy when the price is falling because that point on the tail end they have the conviction to not use price as their validator. So they’re using the underlying fundamental properties of Bitcoin and its history, monetary properties, all that. That is their validator. And when that is your validation, you’re buying it all the way down. But if price is your validation, you’re buying it all the way up. And typically for people, price is their validation. You know, for the first half of all the Bitcoin they will ever buy in their life, price is the validator, which means they’re typically buying it when it’s rising. And then for the second half, you know, it’s typically when the price is falling because they’re like, “Dang, I got half my net worth in Bitcoin right now. I really can only afford to buy more of it if it’s on sale.” And so then they tend to buy it when it’s on sale because again, their conviction is not it’s falling. Oh no, something’s wrong. Their conviction is, “Oo, it’s on sale. You know, better ramp up.” Which is exactly what I did. Um, of course you’re always buying it when it’s going up and down because, you know, that’s the nature of any asset. It’s never it’s never consistently going up or down so that all of your buys are up or all of your buys are down. It goes up and down. But generally, people are buying when it’s rising uh for the first half of all the Bitcoin they’ll ever buy and then they’re buying when it’s falling for the second half of all the Bitcoin they will ever buy. But anyway, regardless, almost nobody is starting in Bitcoin today from scratch, which means you have an advantage if you started before today, which means you have some price history behind you. You’ve got some of that muscle memory. You’ve got some battle scars. You know that you can buy Bitcoin at $60,000 today and it’s a good investment. People that are new to Bitcoin don’t know that. They don’t have any of that history. They haven’t done the work. So, if your average price of ownership of Bitcoin is strangely in the ballpark of 58 to 60 to 68,000, whatever, let’s call it 58 to 68,000. If that is your average price of Bitcoin you bought, and you think, well, it’s not fair. People today can just show up and buy it and they don’t have to have to do any of the work and they don’t have to have any of the history. Guess what? They’re not doing that. They’re not getting that shortcut. They’re showing up today and dipping their toe in the water. and you with in my case 100% of your net worth or you with 60% or 40% or 10% is way ahead of the person who’s going to dip their toe in the water for 1% right now totally different experience. So, whatever your average purchase price is for Bitcoin, if you’ve got history under your belt, even if you have even if all your buys were above $100,000 in 2025, you still have a massive advantage that you are living through this Bitcoin bare market with your investment underwater. And guess what that means? You either have the conviction to buy it now or you’re going to have the conviction to buy it in the next bare market or the next major downturn. The people who are buying it now have not gone through that. They’re not going to have the conviction to buy it in the next downturn. You know, when the price dips from 250,000 down to, you know, 130, they’re not going to have the conviction because they’re not going to have lived through what you have lived through. So, that’s the benefit. The reason I was the reason I was buying Bitcoin like a bandit in 2022 was because I had already lived through the 2018 bare market. The reason many of you have the conviction to buy in 2026 is because you live through 2022 or you’re at least you’ve gone through enough ups and downs in 2024, 2025, whatever that you’ve seen this movie before. You know Bitcoin is a good investment. You know it always comes back. You’ve done the research. You’ve studied the Bitcoin historical downturns and you know this is normal. It’s fine. So anyway, good for you if you’ve been in Bitcoin and you’re not brand new. You are in a much better position if you have a substantial Bitcoin ownership stake today at 60,000 average price than somebody who’s showing up brand new today dipping their toe in the water because they are going to end up with an average purchase price radically higher in the future than the $60,000 you already have right now.