Bitcoin is in “PEAK APATHY” right now

Bitcoin is experiencing peak apathy right now. What is peak apathy? Well, at the end of every bare market, everybody gets bored. Everybody, they’re watching AI stocks. They’re getting excited about the uh SpaceX IPO. They’re uh you know, last year, late last year, it was gold and silver are flying. Uh Nvidia’s doing its thing. Anyway, people people with Bitcoin or any asset that applies to all assets that is in a bare market, which we are right now on the tail end in Bitcoin or maybe the bare market ended on February 5. We don’t know. That could have been the low. $60,000 was probably the low, but we’re still in this bare market malaise overhang until Bitcoin is significantly higher than that $60,000 low. Too many people are worried that we’re going to get a lower low, meaning we’re going to go revisit some price near or below 60,000, which according to James Czech has a less than 10% probability that we go below 60,000, but nobody knows. So, we’re in this sort of bare market hangover. Well, in this bare market hangover, you get this weird effect where all the news stories are positive, but the price just won’t go anywhere. And so, Bitcoin continues to have between 50 billion and 100 billion dollars of trading volume every day. And most of that is Bitcoin moving hands from people who are weak hands, meaning they don’t know what they own. They’re, you know, they’re not paying attention. They’re not reading the news headlines. They’re not reading about adoption of Bitcoin all over the planet. And so they just think, well, I have this thing. I bought this Bitcoin. It’s not really doing anything for me. And eventually they capitulate. Uh, initially people get what’s called uh uh price pain. Price pain is when the price drops and people just give up. They’re out. They can’t take it anymore. Uh time pain is when the price has been grinding sideways or slightly down or in this case slightly up uh for four months now, but it’s not going up fast enough for them to not just be ground up and down and up and down. The up and down they just can’t take it anymore. So they just give up and sell and they sell to people like me who are continuing to accumulate Bitcoin and hopefully all of you. So in peak apathy you see things like Google trends for search terms like buy Bitcoin is at you know maybe not historic lows but it’s very low. Nobody’s looking for how to buy Bitcoin right now because all the smart people are buying it and all the dumb people are selling it. Um so Bitcoin’s right on track. This is Bitcoin’s fifth bare market. The first four were 2012, 2014, 2018 and 2022. This happened in all of them where even though Bitcoin continues to march forward completely consistently, everything’s on track, everything’s working, nothing’s nothing’s wrong with Bitcoin, everything’s great, and yet the price just seems to really really really struggle to go anywhere. Again, that always happens at the tail end of a Bitcoin bare market. Now, James Czech would say his best guess is the earliest we’re officially done with this bare market and everybody stops talking about it is the middle of July. So, that’s another six weeks. Worst case scenario, it’s another six weeks beyond that to the end of uh you know the end of August. Um so that’s we’re getting close. We’re getting close to people stop you know they’re they’re going to stop selling their Bitcoin because they’re bored or there’s some other shiny object that they’re chasing instead of Bitcoin. We’re at the stage in this bare market we’re getting we’re getting close to people stopping doing that and as a result the price goes up and in the meantime the smart money is just buying the Bitcoin from the dumb money. That’s what happens in the tail end of bare markets. So, uh, everything’s right on track. Bitcoin is behaving exactly like it has historically. Historically, after every bare market, the price goes way higher. Um, in fact, the worst price the in the first Bitcoin bare market, the worst price was $2. Second Bitcoin bare market, the worst price was $92. Not $2, $92. Third bare market, worst price was $3,200. Fourth bare market, worst price was $15,500. It looks like this bare market, fifth bare market, worst price, $60,000. I don’t know what’s the next bare market. Worst price, $180,000. I don’t know. But it is almost certain that the next bare market, the low of the next bare market will be higher than any price we’ve ever seen in history so far. But because it will be on the tail end of a price that was higher than that, everybody will be moping around complaining that we’re in a bare market, you know, and it’ll feel just like this and we’ll get the same malaise at the end of that bare market in 2030 or whatever it is that we did in the past, uh, including this one. So everything’s right on track. Buy as much Bitcoin as you can. All the news stories are positive. The only thing that’s not positive is price. Price is a lagging indicator. So price eventually will reflect the worldwide adoption and power of Bitcoin. The ability to send anyone any amount of value anywhere in the world in seconds in a way that nobody can stop 247 in a way that you can self-custody. You can hold it yourself safely and securely with things like BitKey. Bit Ky, which I recommend to everyone. Bitkey.orld is the website. bitky.world. You can safely and securely store your own bitcoin where nobody but you can touch it. Uh it can’t be confiscated. It can’t be frozen. You can send it anywhere in the world. I mean just that sort of incredible value of technology is just the reason Bitcoin’s price will march march march march march higher. So we’re in peak apathy. Great time to buy Bitcoin. This happens every four years. Here we are. It’s fine. Buy as much Bitcoin as you can. Hold on to it for as long as conceivably possible. Same formula is always not that hard. very straightforward place. The number one place to buy Bitcoin is river.com. R I Ver R I Ver.com river.com um Coinbase is also good. Uh Strike S R I ke Strike is also good. Uh but I always recommend um River because you don’t get all the ads on Coinbase. You get constant ads for sports betting and prediction markets and you know shitcoins. I’m not going to say the word, but you know, junk crypto tokens that have no value that are there for speculation. Um, like the Trump token or the Melania token or just stupid stuff. Fartcoin. Anyway, on River, you don’t have to deal with any of that stupidity. You can just straight up buy Bitcoin. They don’t sell anything. They don’t buy and sell anything but Bitcoin. You can buy as much as you want. You can cash it out anytime you want. It’s super straightforward. Um, I do use Coinbase for spending Bitcoin with a um, they have a Coinbase has a debit card and a credit card for spending Bitcoin, which River does not, but River is just a lot easier and more elegant for buying Bitcoin. So, I recommend buying on River and storing for the long-term savings as your sort of long-term Bitcoin savings account. Uh, Bitkey Bit Key website bitkey.world. Uh, it’s an amazing device. It makes it impossible for you to lose your Bitcoin. Impossible to screw it up. You can’t screw it up. You can’t do it wrong. You can’t mess up. It’s just brilliant, straightforward, and genius in every way. Uh, so buy as much Bitcoin as you can, hold on to it for as long as conceivably possible. That formula and recommendation has never been wrong in the 17.5 year history of Bitcoin. And it’s not going to be wrong for the next 17.5 years either.