00:01 everyone there is an important concept
00:03 to understand in investing which is
00:05 where you get your validation from the
00:07 problem in investing is a lot of people
00:09 get their validation from Price the
00:11 price of an asset and the problem with
00:13 getting your validation from price is it
00:15 means you’re always buying assets at
00:17 more expensive prices so what people do
00:20 is they wait till something is hot like
00:22 Nvidia stock and then they buy it
00:25 because it’s red hot and it’s going up
00:26 and up and up but by the time that they
00:29 realize that it’s red hot and it’s going
00:31 up and up and up it’s already gone up
00:33 and up and up and they tend to buy it
00:35 and then it cools off and then it cools
00:37 off and it becomes not exciting to them
00:39 anymore and eventually they get excited
00:41 about Tesla but they get excited about
00:43 Tesla because Tesla’s way up and so you
00:46 end up when you’re when you’re
00:48 constantly chasing price validation you
00:50 tend to buy assets at much more
00:52 expensive prices because you’re always
00:53 buying them after the price has
00:55 validated that it’s red hot well there’s
00:59 obviously no bad time to Bitcoin I think
01:01 Bitcoin is the best performing asset in
01:02 the world no matter when you buy it but
01:04 you obviously get a lot more upside if
01:06 you buy Bitcoin before it’s red hot than
01:09 if you buy it after it’s red hot so the
01:11 question is how do you buy it before
01:12 it’s red hot one
01:16 second well the answer is you get your
01:18 validation by something other than price
01:20 so right now the price of Bitcoin is
01:22 $86,000 a coin which is super super
01:25 super cheap now the fundamentals are
01:28 like unbelievably insanely awesome right
01:30 now the United States just set up a
01:32 strategic Bitcoin reserve the largest
01:34 and most powerful uh economy in the
01:36 world the largest military in the world
01:38 like the US is the number one country in
01:40 the world and two days ago we set up a
01:42 strategic Bitcoin reserve the comproller
01:45 of the currency announced yesterday that
01:48 Banks and financial institutions can now
01:50 custody Bitcoin on behalf of their
01:53 clients which means now Trustmark and
01:56 Regions Bank and Bank Plus and Wells
01:59 Fargo they can all now custody Bitcoin
02:02 which means it’ll take them some time
02:04 obviously they’re not it’s not like
02:05 they’re going to do that overnight but
02:07 in the future you will be able to go to
02:08 your bank and say hey I want to buy ,000
02:11 in Bitcoin and your bank can hold
02:13 Bitcoin on your H your behalf just like
02:15 coinbase and everything else can um also
02:18 the fundamentals of the Bitcoin Network
02:20 Rock Solid record high you know
02:22 everything that matters um so the only
02:26 thing that is not record high right now
02:27 in Bitcoin is price so if you are
02:30 looking at the fundamentals of is the
02:32 network decentralized is it transferring
02:34 trillions of dollars of value is it Rock
02:37 Solid is it unhackable is it um
02:41 permissionless are all the fundamentals
02:43 that makes Bitcoin an amazing way to
02:46 store and transport value anywhere in
02:48 the world instantly if you if your
02:50 validation is is all of that amazing
02:53 then you’re buying Bitcoin right now at
02:55 86,000 a coin if your validation is you
02:59 have to wait for the price to go way up
03:01 to feel good about it because it
03:03 validates that all the amazing things
03:05 that we all know right now are reflected
03:07 in the price it means you’re buying
03:09 Bitcoin at 110,000 120,000 150,000 a
03:13 coin because it’s red hot so is Bitcoin
03:17 at some point going to be red hot yes it
03:19 will it will because the fundamentals
03:21 are so strong that it’s inevitable
03:23 eventually it will be red hot um but the
03:27 question is are you buying a red hot
03:29 Bitcoin at after a you know two-month
03:31 run where it Rockets from 86,000 to 150
03:36 and then you’re buying at 150 because
03:37 the price is validating the awesomeness
03:40 or are you willing to do the work right
03:43 now read the books listen to the
03:45 podcasts go through the 78 page document
03:48 that I’ve put on the internet for you uh
03:51 that’s pinned to my Facebook page to
03:53 understand all of the fundamental values
03:54 of Bitcoin if you’re willing to do the
03:57 work now then you can get the validation
04:00 and the conviction to buy Bitcoin when
04:03 it’s a heck of a lot cheaper if price is
04:06 always your validator you’re always
04:07 buying assets at expensive prices this
04:10 is not unique to bitcoin this goes for
04:12 all assets if you can get your
04:13 conviction on Tesla stock Amazon stock
04:16 Nvidia Microsoft
04:19 Google Facebook if you can get your
04:21 conviction on why you believe that value
04:24 the the asset is incredibly undervalued
04:27 and why it’s an incredibly good time to
04:29 buy if you can get that from
04:31 fundamentals then you can buy cheap
04:33 assets so it’s not unique to bitcoin but
04:35 Bitcoin is probably a much more apparent
04:37 um because it’s a much newer asset than
04:39 those others and it’s just you know the
04:42 the upside of Bitcoin is absolutely
04:43 insane meaning you get a lot of
04:45 near-term volatility you also get a lot
04:47 more people that are just looking at
04:49 bitcoin’s price for validation of its
04:51 fundamentals so now is an incredibly
04:53 good time to buy Bitcoin 86,000 a coin
04:56 in my opinion that is super insanely
04:58 cheap but it’s only insanely cheap for
04:60 the people who understand Bitcoin and
05:02 are willing to do the work to understand
05:04 that it’s on sale if you’re waiting for
05:06 price to be a validator then you’re
05:08 waiting for record highs record highs
05:10 and record highs which is fine it just
05:12 means the same Bitcoin you can buy right
05:14 now for $86,000 you’re buying in the
05:16 future for $120,000 or
05:19 $150,000 so please get your conviction
05:22 around Bitcoin by hard work because it
05:24 means you can buy Bitcoin a lot cheaper
05:26 which means you’re a lot better off long
05:28 term and the price appreciation and
05:31 purchasing power of your Bitcoin ends up
05:33 being a lot higher have a great day
05:35 everyone thanks
