00:01 Hey everyone. It feels like Bitcoin is
00:03 winding up for the next major moves up
00:06 and also that nobody is paying
00:08 attention. Um, as usual at times like
00:11 this, which are great buying
00:12 opportunities for Bitcoin, everyone
00:14 seems distracted and almost nobody’s
00:16 paying attention to what Bitcoin is
00:18 doing. Of course, I am because I’m
00:20 always paying attention to what Bitcoin
00:21 is doing. And uh, behind the scenes, all
00:24 of the people that are paying attention
00:26 are acquiring huge amounts of Bitcoin.
00:28 So when Bitcoin first started, the
00:30 initial people who bought Bitcoin were
00:32 average people like you and me. Uh they
00:34 tended to be techy people that were into
00:37 um the you know new technologies and
00:39 things like that. Uh which was really
00:41 beautiful because it meant that the
00:43 Bitcoin ownership was much more skewed
00:46 uh toward individuals as opposed to
00:49 governments or companies or things like
00:51 that. As Bitcoin has gotten larger and
00:53 larger and started to move more into the
00:56 mainstream though, the businesses and
00:58 governments and entities are moving more
01:02 quickly than adoption in general, which
01:05 of course is, you know, inevitable, but
01:08 also, you know, not my preferred way it
01:10 plays out because I would rather uh, you
01:14 know, regular people like you and me
01:17 have as much Bitcoin as possible of the
01:19 total uh, supply of 21 million.
01:21 as compared to the Bitcoin being uh you
01:24 know majority owned in the long term by
01:27 corporations or businesses or uh other
01:30 legal entities. So why is this playing
01:33 out the way it is? Well, the answer is
01:35 because every stock or bond or you know
01:38 commodity or money in the case of
01:41 Bitcoin they all go through periods
01:43 where it’s boring. The price is boring.
01:46 Um for example in Bitcoin you had it was
01:49 launched in 2009. Um the first big price
01:52 run was 2011 uh 2010 2011 and then 2012
01:57 was a relatively boring year by
01:60 comparison. Uh then you there was a huge
02:02 rally in 2013 but 2014 2015 and 2016
02:07 there were long periods in that
02:09 threeyear span of time in 2014 15 and 16
02:14 well the price was maybe a h 100red
02:15 bucks or whatever it was that nothing
02:17 seemed to be happening which means the
02:19 numbers that you should be paying
02:21 attention to were the adoption of
02:23 Bitcoin. To what degree are uh people
02:25 and entities and corporations adopting
02:28 Bitcoin? And if you look under the
02:30 surface, there was a huge amount of
02:32 adoption of Bitcoin in 2014 16, sorry,
02:35 2014, 2015, and 2016. Um, but the price
02:39 for, you know, relatively long periods,
02:41 months at a time, seemed, you know, not
02:43 to change much. Same between there was a
02:46 huge price rally in 2017. Each of these
02:48 rallies pushing Bitcoin to far above uh
02:51 the previous all-time highs. And then 20
02:54 uh after 2017, 2018, 2019, and most of
02:57 2020 were pretty boring. So you had
02:60 about 2 and 1/2 years where for most
03:02 people it just felt like nothing was
03:03 happening. 2018, 2019, and half of 2020.
03:07 Um and then after the huge price rally
03:09 in 2021, you know, there was 2022 is a
03:12 down year and then it started marching
03:14 up in 2023, 2024, and now in
03:18 2025. Um so we’re sitting at about 80,
03:21 what is it? 86,000 a coin and uh here we
03:26 are almost nobody’s paying attention.
03:28 People are bored. Um but behind the
03:30 scenes there’s a huge amount of
03:32 adoption. Uh Micro Strategy just bought
03:34 another $250 million. Uh GameStop just
03:37 issued $1.3 billion uh of corporate debt
03:41 to buy Bitcoin. Like there’s all these
03:43 people buying Bitcoin in the background,
03:46 but the price is not moving that much.
03:49 So what does that mean? Well, it means
03:51 they are buying that Bitcoin off of
03:53 regular people who are dumb enough to be
03:56 selling it to them because they don’t
03:58 own they don’t know what they own. So,
04:00 most of the Bitcoin that is being bought
04:02 by Micro Strategy or by GameStop or by
04:06 people like me because I just took my
04:08 total allocation of my liquid assets to
04:11 100% Bitcoin. Uh, last week it was at
04:14 99%, I went ahead and moved it to 100%
04:17 Bitcoin. Um, so people like me are
04:20 buying more Bitcoin. Well, who is
04:22 selling it? Well, unfortunately, the
04:24 people who are selling it are people
04:26 that just don’t understand what they
04:27 hold. They’re not paying attention.
04:29 They’re not focused on the underlying
04:31 value, and they’re not focused on the
04:33 underlying adoption. They don’t realize
04:35 that behind the scenes, Bitcoin is
04:38 slowly marching to take over as the
04:41 monetary system of the world. And so,
04:43 you know, maybe they got all excited for
04:45 a minute. They bought Bitcoin at, I
04:47 don’t know, 95,000 a coin, 106,000 a
04:50 coin, you know, whatever it was. They
04:52 bought some and then then it went down
04:55 and then they got bored and now they’re
04:57 selling it and then they think, “Ah,
04:59 that was that was a loser. I got in
05:00 right at the end of the party. I missed
05:02 the boat and uh showed up showed up
05:04 late, got all euphoric, bought Bitcoin
05:07 above 100,000 a coin, and now they’re
05:09 selling it for$ 86,000 a coin.” Well, if
05:12 they just held on to it, it would be
05:13 worth way more than $100,000 per coin.
05:16 And if they held on to it, it would make
05:18 all of these people who are buying right
05:19 now pay a significantly higher price.
05:22 But as long as there’s people willing to
05:24 sell Bitcoin at $86,000 per coin, nobody
05:27 in the world has to pay more than that.
05:29 If somebody’s willing to sell at that
05:31 price, then the buyers will always buy
05:34 uh the cheapest Bitcoin that they can
05:37 buy. uh and the sellers will always sell
05:39 at the highest price they can get. But
05:41 right now the price that the uh supply
05:44 and demand are meeting is right at
05:46 about$86,000 a coin which means there
05:49 for every single buyer at $86,000 a
05:51 coin. There is a seller at $86,000 per
05:54 coin. So that means somewhere in the
05:56 world some normal person some regular
05:59 person is you know uh unfortunately
06:03 parting with Bitcoin they had acquired
06:06 and it is being scooped up by
06:08 corporations and governments and high
06:10 netw worth individuals. So how is this
06:12 all going to play out? Well, what’s
06:14 eventually going to happen is there will
06:16 be a massive uh increase in the money
06:19 supply by the Federal Reserve. Now why
06:21 do I know this is going to happen?
06:22 Because it has to happen. uh it is
06:24 mathematically impossible to sustain the
06:27 current debt load of the United States.
06:29 The only thing that literally can happen
06:32 is at some point the United the uh
06:34 Federal Reserve has to print vast
06:36 quantities of money to keep the system
06:38 from crack the the whole system from
06:40 basically uh you know house of cards
06:42 coming down. So there’s a 100% chance
06:44 they will do that and the question is
06:46 how much Bitcoin will you own before
06:48 that happens versus after that happens.
06:51 So, let’s say sometime in the next, I
06:53 don’t know, year, two years, however
06:54 long it takes, maybe it’s six months, at
06:56 some point the Federal Reserve is going
06:58 to massively open the gushers of the
07:01 money printers, and Bitcoin is going to
07:03 run from $86,000 per coin to hundreds of
07:06 thousands of dollars per coin. And once
07:10 again, everybody will feel like they
07:11 missed out. They got there late to the
07:13 party. That if they were going to buy
07:15 Bitcoin, they should have bought it
07:16 before now. And if people are continue
07:19 to part with Bitcoin, then ultimately
07:22 Bitcoin is the the the greatest
07:24 potential to eliminate uh wealth
07:27 inequality because it’s the first asset
07:29 in the world that anyone in the world
07:30 could buy all at the same time with
07:33 equal opportunity based on how much
07:35 money they had. Um lots of other assets,
07:38 for example, privately held companies
07:40 cannot be purchased by average people.
07:42 Uh in the case of Prosper where I serve
07:44 as president um we are a privately held
07:46 company. That means we are not publicly
07:48 traded on the stock market. And because
07:50 we are not publicly traded on the stock
07:51 market, you have to have a net worth
07:53 according to the security and exchange
07:55 uh commission, the SEC, the laws of the
07:57 United States require you to have a net
07:59 worth of more than $1 million excluding
08:03 the value of your house. So you
08:06 literally cannot invest in privately
08:08 held companies in the United States
08:10 unless your net worth is above $1
08:12 million excluding your house. So most a
08:16 huge portion of investments are like
08:18 that that there’s really no easy way for
08:21 regular people to gain access to them.
08:24 Bitcoin is the first example that I know
08:26 of in history where it’s super easy for
08:29 anyone to buy Bitcoin and you don’t
08:32 there’s no requirement on net worth. Uh
08:34 there’s no requirement. Hold on one
08:36 second here. There’s a bunch of noise.
08:38 Um there’s no requirement on net worth
08:40 to buy Bitcoin. You don’t have to be an
08:42 accredited investor. You know, there’s
08:44 not a minimum requirement. You can
08:45 literally buy $1 of Bitcoin if you want
08:48 to buy $1 of Bitcoin. So, it’s this
08:51 amazing asset that has the ability to do
08:54 more to eliminate wealth inequality than
08:56 literally anything else. But that
08:59 presumes that regular people actually
09:02 buy Bitcoin and they don’t just turn
09:04 around and sell it when it’s down to
09:07 corporations and, you know, institutions
09:10 and, you know, hedge funds and all of
09:13 that. If those people do that, if those
09:15 people are constantly buying, you know,
09:17 in euphoria and then selling, then
09:21 what’s going to end up happening is a
09:22 large percent of the Bitcoin is going to
09:24 end up being owned by corporations or um
09:28 hedge funds or governments or things
09:30 like that. And then one day the regular
09:32 people will wake up and say, “Why is
09:34 there so much wealth inequality in the
09:36 world?” And the answer is because you
09:38 sold your Bitcoin or you did not buy
09:40 Bitcoin in the first place. like now is
09:43 the time to fix wealth inequality by
09:46 regular people buying Bitcoin and not
09:48 selling Bitcoin. Uh but alas, you know,
09:52 humans humans are humans and humans do
09:55 what humans do and unfortunately
09:57 sometimes that involves doing things
09:59 that uh you know people regret. So right
10:02 now um Bitcoin should be valued at way
10:05 more than
10:06 $86,000 based on the adoption by
10:08 institutions, hedge funds, businesses,
10:11 high net worth individuals. All of that
10:13 is marching around along beautifully.
10:15 The adoption of Bitcoin, you know, by
10:18 every metric is amazing. The only metric
10:21 that is not amazing right now is the
10:23 price. And the only reason the price
10:25 metric is not amazing is there are too
10:27 many people that do not understand what
10:29 Bitcoin is. but bought some of it and
10:32 are now selling it. They bought it in
10:33 the euphoria above $100,000 per coin.
10:36 They are now selling it because they do
10:38 not own they do not understand what they
10:39 own. And of course, buyers only have to
10:42 pay the price at that the sellers are
10:44 willing to part with their Bitcoin for.
10:45 So, if they’re willing to sell it at
10:46 86,000, that’s the price of Bitcoin. So
10:50 uh I think Bitcoin could do a huge
10:52 amount for the world to solve wealth
10:55 inequality to level the playing field
10:57 and to uh you know make make everything
10:60 about people’s existence easier and
11:02 better but it involves more people
11:04 adopting Bitcoin and it involves the
11:06 people who have bought some Bitcoin not
11:08 selling it. Um which apparently is what
11:11 a lot of them are doing right now. So
11:13 great time to buy Bitcoin. Bitcoin is
11:14 still on sale. At some point there will
11:16 be a radical increase in the price of
11:18 Bitcoin. And the question is how much
11:20 will you own before that radical
11:22 increase happens as compared to after
11:25 that radical increase happens? Because
11:27 after that radical increase happens,
11:29 you’re going to have to pay a whole lot
11:30 more for the same amount of Bitcoin. So
11:33 have a great day everyone. effects.
