FREAKING OUT about bitcoin right now? I’M NOT!

Are you freaking out about Bitcoin right now? Well, I’m not. The price right now does not bother me at all. 67,000. So, it’s down not quite half of what it was at the high of 126,000. And since I have 100% of my liquid net worth in Bitcoin, does that mean my entire liquid net worth is down almost 100%. Yeah, from the all-time high. But it’s also double the price, the average price I paid for Bitcoin. And if you’re in Bitcoin long enough, you’re going to be in the exact same position where the price is going to be way down from the all-time high, but way up from the average price you paid for it. So, sure, I’ve bought Bitcoin as high as 124,000, but I’ve also bought Bitcoin as low as 6,400. And the same will be true in the future. At some point in the future, you’ll be telling people, well, I bought Bitcoin for as high as 124, 125, 126, but I also bought it for as low as 67. And when Bitcoin’s $480,000, it won’t even matter. the blended price will be the best performing asset you could possibly buy. So, first of all, what what doesn’t bother me about this price draw down is by comparison, it’s relatively mild compared to the past. The first Bitcoin price draw down was from $32 down to $2. That’s a 94% price correction. The second Bitcoin major bare market, uh I said draw down, what I meant was sort of major bare market. Um was from $1,200 down to $92. The next one was from uh $19,000 down to $3,200. And most recently 2022 was $69,000 down to $15,500. So look at the high prices. If you look at just the high prices below the all-time lows, you have $32, $1,200, $19,000, $69,000, and then $126,000. Look at the look at the highs. It’s the best performing asset in the world. Let’s look at the lows. If you’re like, “Well, those were the highs. It’s low right now. Let’s look at the lows. Let’s look at the lowest Bitcoin has ever been in five bare markets. $2, $92, $3,200, $15,500, $60,000. So, you can map the highs, best performing asset in the world. You can map the lows, best performing asset in the world. You can map the average price between the highs and the lows, and it’s the best performing asset in the world. Forecast that forward, it’s going to be the best performing asset in the world. If you buy it on sale, it’ll perform even better than if you buy it when it’s not on sale. Right now, Bitcoin is on sale. So, we’ve seen this movie before and people are freaking out like Bitcoin’s over or something like seriously, it’s $67,000 a coin. It’s not over. We’ve been through this is literally the fifth bare market. So, let’s assume, you know, the first two bare markets, you know, 20 2012 and 2014 was like watching an R-rated movie, right? Nobody’s safe, nobody’s got plot armor. the main character actually could have died back then in 2012. I mean, people were predicting when Bitcoin dropped from 32 to $2, it was all over. Bitcoin was done. You know, you know, call it up, hang it up, walk away, no more Bitcoin. Uh, obviously, that was not true. And that’s not what was going to happen if you understood the power of the technology and all of that. But for the people who didn’t, they thought it was done. $32 down to $2. So then you fast forward to 2014. 2014 is like a PG-13rated movie. you know, the main character is probably not going to die. Um, it’s survived worse. You know, this is not the first tense situation in the movie, but hey, there are PG-13 movies where the main character dies, so you’re not 100% sure. Fast forward to 2022. I mean, we’ve gotten way down the line here. At that point, Bitcoin’s, I don’t know, 17 minus 4. It’s whatever 13 years old. Like, Bitcoin’s, you know, kind of grown up in 2022. It’s not going to zero. People like me are buying it because we’re certain it’s not going to zero. for buying it all the way down to 15,500. And it’s sort of like a PG-rated movie. You’re like, really? The main character doesn’t die in a PG-rated movie. The main character is probably going to make it in 2022. Kind of zero chance that a PG-rated movie the main character is going to die. Well, here we are in 2026 watching a G-rated movie, a literal G-rated movie of Bitcoin. There’s no FTX blowing up. There’s no Celsius, Voyager, BlockFi, uh, Three Arrows Capital going bankrupt on stupid financial decisions. There’s no that none of the grift and excess is in the market. Bitcoin’s rock solid being adopted by all the major institutions in the world, major governments worldwide. The Clarity Act is going through Congress within weeks of passing into law, or at least months, if not weeks. Everything is in Bitcoin’s favor. You’re literally watching a G-rated movie of Bitcoin right now. this is the least, you know, least uh severe bare market Bitcoin has ever experienced. And you’re watching a G-rated movie and people are like, “But I’m afraid the main character is going to die.” Are you kidding me? Name any G-rated movie other than, I don’t know, Bambi. I don’t know, in the last 10 years. In G-rated movies, the main character that the whole movie is around doesn’t just die at the end. Come on. They always like look like they’re about to die and then, you know, they gasp and they take a breath and the movie ends happily ever after and all that. If it didn’t, it wouldn’t be G-rated. That’s what a G-rated movie is. It’s a movie where the main character lives at the end. Again, if there’s exceptions to this, that’s movie world, not Bitcoin world. In this G-rated movie of Bitcoin, Bitcoin survives. Bitcoin goes on to set new all-time highs. Everybody’s going to look back and say, “Dang it, I wish I had bought a lot more Bitcoin at 67,000 or 71 or 83 or pick a number. Every price below 126,000 is on sale.” And 126,000 it was only at that price for what, five minutes last year. So, Bitcoin is just going to be completely fine. I can still transfer an unlimited amount of value anywhere in the world in a matter of seconds for like 13 cents transaction fee. And if I use the the Lightning Network, it’s less than a penny. And I can do that anywhere in the world in a way that nobody can stop me. I can store my wealth in a way that nobody can confiscate it. I can even me memorize 12 words in my head and walk across borders anywhere in the world with my wealth memorized a seed phrase in my head. Now, I don’t recommend that. That is not a safe and secure way to store Bitcoin for the long term. But in a pinch, you can literally memorize 12 words in your head in a certain sequence and store the Bitcoin there and nobody can take it from you unless they can like torture it out of your brain. So, Bitcoin’s amazing. It is the future financial system of the world. It is the best reserve asset in the world by far. You know, radically better than gold, infinitely better than US Treasury bonds and government debt. And one way, one day, not only is it already supplanting that today, it will become a day-to-day medium of exchange. You can already use Bitcoin anywhere they have Cash App terminals or at uh Stake and Shake. And there’s a bunch of places you can already buy stuff with Bitcoin. In the future, you’ll be able to buy stuff with Bitcoin almost everywhere. And eventually, people will actually transition accounting and prices. You’ll walk into a grocery store and you’ll see prices in Bitcoin. But that’s like 10, 20, 30 years away. We’re we’re already at the point where people are storing more than a trillion dollars in value in the Bitcoin network. Right now, today, even with the price down at $67,000, there is more than a trillion dollars of wealth stored in the Bitcoin network by people like me who want to store their wealth somewhere where the government’s not going to take it away by printing more money. You try to store your wealth in gold, they dig 2% more of it out of the out of the ground every year. You store it in the US dollar, they print 7% more US dollars out of thin air every single year, diluting every value of everything you own. Um, so the only place where if you own a Bitcoin, you own one of 21 million Bitcoin that will ever exist. If you own $10 of Bitcoin right now, sure it’s a tiny fraction of one Bitcoin. But whatever tiny fraction of one Bitcoin you own, nobody can take that from you. You will own that tiny fraction of Bitcoin forever. And eventually $10 of it today is going to be worth 20 and then 30 and then 40 and then 50 and $100 one day in 10 years or whatever. It’s it’s an incredible asset with incredible properties and its value is based on those incredible properties. It’s not based on what the price does in the day or the minute or the hour. Bitcoin’s value is based on the incredible properties of properties of the ability to store value for the long haul. The ability to transmit that value which is called money anywhere in the world in a matter of seconds for practically free in a way literally that no one in the world can stop. I I promise you, try to ship a gold bar to Asia. A thousand people can stop it. They can x-ray it. They can see that your box has a gold bar. They can open up your box. They can take your gold bar. Try to cross through a metal detector with a gold bar in your pocket and see if it doesn’t set it off. Try to go through a hostile regime with gold in your pocket and see if somebody doesn’t steal it from you. Bitcoin has all these incredible properties that it has all the benefits of gold and all the benefits of the US dollar all rolled into one. It has the scarcity of something nobody can make more of other than gold. You can find more of it. It’s just relatively limited because it’s hard to find. It has all the benefits of that plus all the benefits of the ease of use of the US dollar and the ability to transact globally. All in one in a place that nobody can stop you, nobody can censor you, nobody can seize your assets, nobody can freeze your assets. And you can transmit value 247. Not when the banks are open, not during banking hours, not when the stock market’s open, not where everything’s closed on a government holiday. Like anywhere in the world, you can transmit money in a way that nobody can stop 247, like for an unlimited amount for practically free. That’s incredibly powerful. That incredible power is the reason people continue to store more value in Bitcoin, which is why the lowest it ever went in 2012 was $2 because the price couldn’t go below $2 because there were too many people saying, “Yeah, but this is actually incredible stuff right here. So, it’s worth at least $2.” And that’s why in 2014 it didn’t go below $92 because a lot more people had stored wealth in Bitcoin. A lot more people were using it and people were like no it’s not going to go below 92 because if it goes below that I’m buying more of it. And same with 1200 you know same with uh 3,200 same with 15,500. Same with 60,000 which we have not yet gone below. Doesn’t mean we can’t but there is a floor in 2026 of the lowest the Bitcoin price could possibly go. probably 60,000. If it undercuts 60,000, so what? It’s probably somewhere in this close ballpark to 60,000. There’s a price it cannot go below because there is a price at which people are like, “Wow, at that price, this technology actually is incredible.” And so they will pay whatever that price is. Maybe the lowest is after 60,000 in February is 67,000 right now. Maybe it’s 62, maybe it’s 64, maybe it’s I don’t know. Maybe we undercut 60 for five minutes. Maybe we undercut 60 for a week or two. I don’t know. Nobody knows. But there is a price that Bitcoin absolutely will not go below because Bitcoin is an incredible technology with an incredibly valuable capability, which is the ability to transmit value anywhere in the world in a matter of seconds in a way that nobody can stop you. Nobody can censor, seize, take it away. And you could do that for almost free on the Bitcoin network and essentially completely free on the Bitcoin Lightning Network, which is a second layer on top of the Bitcoin network that also uses Bitcoin. So, it’s incredible technology and it’s incredible technology that’s on sale right now. And if it’s on sale right now, and it’s incredible technology, then if I were you, I would buy as much as I possibly could, which is what I’ve already done, including earlier today where I took out a $10,000 Bitcoin backed loan on Strike and bought an additional $10,000 of Bitcoin at 67,000. Now, why did I do that? I did that because that’s a stupidly low price for Bitcoin. And if people are going to be irrational, then at some point rational people like me are going to step in and say, “Thank you for the cheap Bitcoin. It’s a shame you’re selling it at these prices, but you’re not going to just be irrational beyond a certain point because I’m going to step in and say, “Well, heck, for that I’ll borrow against my Bitcoin and buy $10,000 more,” which is what I did today. So, Bitcoin’s incredible. It’s not going anywhere. This is a G-rated movie. The main characters doesn’t die and it always comes back to live happily ever after and set a new all-time high just like it has every single time before for 17.5 consecutive years. It’s going to do the same thing it’s always done. This is a G-rated movie. The main character doesn’t die. Buy more Bitcoin. It’s that simple. It’s that straightforward. And nothing about $67,000 Bitcoin should freak you out. It’s same same advice as always. Buy as much Bitcoin as you can. Hold on to it for as long as conceivably possible. It’s really not that hard and that advice has never been