Is bitcoin about to crash? Or shoot for the moon? And is there any way of knowing?

00:01 hey everyone is bitcoin about to crash
00:04 or is it about to shoot for the moon and
00:06 is there any way of knowing let’s talk
00:08 about that okay so over the last 48
00:11 hours there’s been a number of people
00:13 that have weighed in on what they think
00:15 is going to happen in the very near term
00:18 you’ve got the jack morers m- a l l e r
00:21 s with the jack mer show he’s the uh ceo
00:23 and founder of strike
00:26 ske so his podcast episode on uh mailbag
00:30 monday the jack maller show um which you
00:32 can find on youtube i posted the youtube
00:34 link and i posted the podcast link a
00:36 couple minutes ago it’s the same thing
00:38 it’s just one’s on youtube one’s on
00:39 podcast he goes through why basically
00:42 the federal government keeps telling
00:44 people they’re about to print a ton of
00:46 money and i agree with him but on the
00:49 flip side so you know that school of
00:51 thought says “hey a huge amount of money
00:53 printing is about to start happening.”
00:55 and the federal government is
00:57 telegraphing that every which way and
01:00 what matters most is how much bitcoin
01:02 you own before that massive mega print
01:05 of money like it matters a lot um but on
01:08 the reverse side of things my favorite
01:10 analyst one
01:14 second my favorite analyst which is
01:16 james czech who goes by checkmate um is
01:20 more cautious he’s like “hey you know
01:22 back in 2021 we had the sort of double
01:24 top where it you know it it topped at
01:26 $64,000 in april and then it topped at
01:30 $69,000 in november and you know there’s
01:33 a lot of similarities to the the
01:35 patterns bitcoin is going through now as
01:37 compared to that.” and uh then you’ve
01:39 got safedine amos who wrote the bitcoin
01:42 standard basically saying look you know
01:45 bitcoin goes through these uh four-year
01:47 having cycles um where you know it tends
01:51 to go through this parabolic run and
01:53 then a major price correction and then
01:55 you know it does it and each each high
01:56 is higher and each low is higher so it’s
01:59 always just going up and to the right
02:01 but it’s with that volatility and uh i
02:04 posted that link as well i posted all of
02:06 these links and uh natalie brunell who’s
02:08 interviewing him says “wait but we’re
02:10 only at like 100 right now as i record
02:12 this
02:14 105,500
02:16 105500.” um so natalie is saying um “hey
02:21 safeodine but like we haven’t gone
02:23 through this huge parabolic run.” he was
02:24 like “well we still might we we might go
02:26 we might run up to $200,000 this year
02:29 but after we do or if we do there’s
02:32 going to be a significant price
02:33 correction because the demand just can’t
02:35 keep up with that so the question is
02:36 what is about to happen and the answer
02:38 is i don’t know and neither does jack
02:41 morers neither does natalie bernell
02:43 neither does safety and amus neither
02:44 does james czech nobody knows everybody
02:47 is speculating what is going to happen
02:50 now what do you do in a situation like
02:52 this when nobody knows what’s about to
02:54 happen nobody knows if there’s going to
02:56 be a price correction nobody knows if
02:58 there’s going to be huge run i can tell
02:60 you what i do i buy more bitcoin why do
03:02 i buy more bitcoin because i only know
03:04 with cert certainty that the in the long
03:07 run bitcoin will outperform everything
03:09 that’s all i know that’s all i know with
03:11 certainty is that it’s going to
03:11 outperform everything and the only way i
03:14 can act on that is by buying bitcoin so
03:17 my most recent significant uh bitcoin
03:19 purchase was for uh $14,000
03:23 uh which i did a video about $14,000
03:25 like a week or two back at a price of i
03:27 think it was
03:28 $109,000 so we’re technically $4,000
03:31 below the price i paid for for $14,000
03:34 would i make that purchase again if i
03:36 could rewind time yes of course i would
03:38 i want bitcoin not us dollars if river i
03:42 bought it on river if river sent me an
03:45 email notice which they have not and
03:46 i’ve never gotten one of these but if
03:47 they sent me an email notice saying “hey
03:49 somehow your tra your purchase didn’t
03:51 actually go through here’s your $14,000
03:53 sitting in cash what do you want to do
03:55 with it?” again that’s never happened
03:56 but if it did what would i do i would
03:59 immediately buy $14,000 of bitcoin so i
04:02 am doing that because i am certain in
04:04 the long term i am not certain in the
04:06 short term now there’s a couple of
04:09 expenses coming up uh one i signed the
04:13 contract for this $20,000 whole house
04:15 generator because the power company
04:18 cannot keep my electricity on to save
04:19 their lives it’s absolutely crazy so
04:22 after the power just kept going out for
04:24 the 12th time this year um i signed for
04:27 a $20,000 generator now notice i am
04:30 buying $14,000 of bitcoin and i will owe
04:34 for a $20,000 generator like that’s
04:36 going to happen i’m going to have to pay
04:38 for the $20,000 generator that’s going
04:40 to happen um but i’m buying $14,000 of
04:42 bitcoin so is there a possibility that
04:44 by the time i owe the invoice which
04:47 would probably be a month from now or
04:48 something like that by the time i owe
04:50 that invoice for $20,000 um which they
04:53 have not build me they haven’t invoiced
04:55 me so i’ll pay it as soon as i get it
04:56 but i don’t know when i’m going to get
04:57 it could be a month from now uh when i
04:59 pay that invoice let’s call it a month
05:01 from now bitcoin could be below the
05:03 $109,000 price that i paid for it well
05:05 that’s a a risk you take every time you
05:07 buy an asset you either sit in us
05:10 dollars knowing it will be worth less
05:13 but by a small amount or you put it in
05:16 bitcoin where there’s a good chance
05:17 it’ll be worth a lot more and some
05:19 chance it’ll be worth less and that’s
05:21 the risk you take with every investment
05:23 and it’s the risk i’ve taken with every
05:24 single investment uh you know all the
05:27 time to the present
05:29 so wondering well wait why don’t you
05:31 just wait why don’t you just wait and
05:33 see what happens and then decide one
05:38 second well because if you wait you miss
05:41 out on whatever would have happened so i
05:43 had this exact conundrum back in 2022
05:47 and early 2023 bitcoin was less than uh
05:51 $17,000 per coin buy more bitcoin with
05:55 at a price less than $17,000 at the time
05:59 back in late 2022 and early 2023
06:02 everyone thought that a recession was
06:04 right around the corner i mean everybody
06:06 everybody was talking like a recession
06:08 was any day now and i had to make the
06:11 choice of do i buy $17,000 bitcoin uh
06:15 and i think it was four months i think
06:16 more than four months bitcoin was less
06:19 than $20,000 uh from
06:22 november either late october november
06:25 whatever of 2022 to like sometime
06:28 february march anyway it was like four
06:29 months four months anyone in the world
06:32 could buy an unlimited amount of bitcoin
06:33 at less than $20,000 with with whatever
06:36 capital they had available to to them
06:38 and but everybody was talking about a
06:40 recession being right around the corner
06:42 and that if there if a recession did hit
06:44 that it would drag the price of bitcoin
06:46 down temporarily therefore making people
06:48 like me regret the fact that i had
06:50 bought bitcoin at 17,000 or 18 or 19 or
06:54 whatever less than 20,000 obviously i
06:57 bought bitcoin at less than 20 i bought
06:59 it in the 30s i bought it in the 40s i
07:01 bought it in the ‘ 50s i bought it in
07:02 the 60s 70s 80s 90s 100s and i think the
07:05 highest i’ve bought bitcoin for is
07:07 111,000 i don’t know something like that
07:09 so i made the decision back then that i
07:12 am making right now which is i don’t
07:15 know if a recession’s right around the
07:17 corner back in 2022 and early 2023 i
07:20 don’t know if a bitcoin price correction
07:22 is right around the corner what i do
07:24 know is if i consistently invest in
07:25 bitcoin that i uh have radically
07:28 increased my net worth um as i’ve shared
07:31 in other videos my cost basis is maybe
07:34 $30,000 or low $30,000 something like
07:36 that um which means i’ve more than
07:39 because i have that’s a cost basis on
07:41 100% of my liquid net worth i’ve more
07:43 than tripled my entire liquid net worth
07:46 now that does not include my stock in
07:48 prospero which is not liquid and other
07:50 private company investments but just for
07:52 liquid assets which is stocks bonds you
07:54 know that sort of stuff which i own zero
07:56 i have zero stocks zero bonds zero us
07:59 dollar cash other than very low sort of
08:02 barely scrape by don’t bounce a check to
08:04 a babysitter levels of cash in my bank
08:06 accounts it’s bitcoin it’s all bitcoin
08:08 it’s 100% bitcoin now um but i got to
08:11 100% bitcoin with conviction of just
08:13 always buying bitcoin always making
08:15 decisions in including when bitcoin was
08:18 at $85,000 per coin and i made the
08:20 decision to finance my new uh 2026 model
08:24 uh tesla model y uh the 2026 tesla model
08:28 y i financed that with trustmark at 6%
08:30 interest for 5 years and i was making a
08:32 conscious decision that hey at a price
08:34 of $85,000 i can liquidate bitcoin and
08:37 buy this tesla or i can finance this
08:39 tesla at 6% interest and keep the
08:41 bitcoin and i decided to keep the
08:43 bitcoin at $85,000 a coin now it’s a
08:46 $105,000 per coin so the payments i’m
08:48 making every month are significantly
08:50 discounted because i’m paying for those
08:53 tesla payments with $105,000 bitcoin
08:55 instead of $85,000 bitcoin which was
08:57 what would have been the case if i had
08:59 liquidated the bitcoin at the time i
09:00 actually bought the tesla um but again
09:04 and bitcoin could dip below $85,000 and
09:06 for a period of time i could be paying
09:08 payments on this tesla that are below
09:11 $85,000 but i don’t know and over the
09:14 next 5 years i think the vast majority
09:17 including potentially all the payments i
09:19 make on this tesla will be above $85,000
09:21 per coin so there’s just no way of
09:23 knowing what’s going to happen in the
09:25 near term i am very thankful i did not
09:27 wait for that recession back in late
09:29 2022 and early 2023
09:33 if i had waited for the recession to
09:34 push the bitcoin price lower than you
09:37 know between 16 and,000 and $20,000 i
09:40 would have missed out on a bunch of
09:42 bitcoin that is now up 600% which is the
09:45 reason i can afford a tesla so i can
09:47 afford a tesla now because i had the
09:49 conviction to buy bitcoin below $20,000
09:52 obviously i bought it at all prices but
09:55 you know it in in total it resulted in
09:58 the cost basis in the low $30,000 that
10:00 includes bitcoin i bought as low as
10:03 $6,400 it includes bitcoin as high as
10:06 $111,000 but the cost basis in total is
10:10 uh low $30,000 because i had the
10:12 conviction to buy back when everyone was
10:14 holding so we find ourselves in that
10:17 same situation now which is should you
10:20 buy more bitcoin now or listen to safe
10:23 and amos or you know be cautious like
10:26 checkmate whatever and checkmate’s not
10:28 saying don’t buy bitcoin he’s just
10:29 saying “hey you better be ready for the
10:31 volatility.” same with safety and amus
10:34 he’s not saying don’t buy bitcoin he’s
10:35 saying if you’re buying bitcoin now you
10:37 got to be ready for the swings you got
10:38 to be ready to take a significant draw
10:41 down um you got to be willing to ride
10:43 that out you’ve got to have finances
10:45 that can handle that um that is what
10:47 he’s saying if you can’t handle that you
10:50 know don’t take the risk if you can’t
10:51 handle it like you got to be able to
10:53 handle that make sure you can handle it
10:55 so that’s where we are nobody knows the
10:56 right answer nobody knows what’s about
10:58 to happen next what i know in the long
11:01 term is the us government’s going to
11:02 print an freaking boatload of money
11:05 they’re going to out of thin air and
11:07 there will be high inflation that will
11:08 run for an extended period of time that
11:10 is absolutely positively the only way
11:12 out of the debt the mammoth debt you
11:16 know insanity that we’re in they’re
11:17 going to print a ton of money i want to
11:19 own as much bitcoin as conceivably
11:21 possible before the big print that’s
11:24 what i want
11:25 my finances can handle it my finances
11:28 can handle buying bitcoin $14,000 of
11:31 bitcoin at $109,000 and liquidating it
11:34 at
11:35 $92,000 to pay for uh you know a whole
11:38 house generator my finances can handle
11:40 that my finances can handle making
11:43 payments on a tesla for a period of time
11:45 when bitcoin is below $85,000 per coin
11:48 if that happens my finances can handle
11:50 it um and if if every decision i made
11:55 was not buying bitcoin with money that i
11:58 might need in the next year or two then
12:01 i would buy way less bitcoin so i’m not
12:03 going to do that i’m not going to sit on
12:05 money i’m not going to sit on one or two
12:07 years of reserves
12:09 uh just in case bitcoin crashes i’m
12:12 going to make sure i have enough of a
12:13 cushion to be able to handle it to be
12:16 able to spend bitcoin when it’s down if
12:17 i have to for a period of time but i’m
12:20 going to have enough bitcoin that i can
12:21 ride that out and i’m going to be good
12:23 on the other side and that’s all i know
12:25 to do that’s the only thing that’s
12:27 worked for me and that’s the only thing
12:28 that works in investing uh because again
12:30 if you always kept if if you never
12:33 bought bitcoin unless you knew it would
12:35 be up then you would only ever buy
12:38 bitcoin with money that you didn’t need
12:39 for at least four years which would mean
12:42 there was a significant amount of money
12:43 that i had back in you know 2022 and
12:47 2023 that i would not have bought
12:49 bitcoin because i would have thought
12:50 well i’m going to need some of that
12:52 money before 2026
12:54 well it turned out to be a great idea to
12:56 buy a bunch of bitco bitcoin by back
12:58 then um uh buy a you know buy bitcoin
13:02 back then when i say a lot of bitcoin
13:04 i’m not talking about units of bitcoin
13:05 i’m talking like bitcoin as a thing um
13:08 so for you a lot of bitcoin may be 0.1
13:11 bitcoin for me a lot of bitcoin may be
13:14 more than 0.1 bitcoin but you know when
13:16 i say a lot of bitcoin i’m talking i’m
13:18 not talking in discrete units i’m
13:20 talking in uh sort of amounts of bitcoin
13:23 um so anyway um that’s all i know to do
13:26 what i know to do is to focus on the
13:27 long term make sure my finances can
13:29 handle volatility make sure that if
13:32 bitcoin dips in the near term that i’m
13:35 either i’ve if you’re in a situation you
13:37 where you absolutely cannot handle a dip
13:40 in the price of bitcoin then you you’re
13:42 stuck having some reserves which sucks i
13:44 mean it absolutely sucks to have to have
13:46 us dollar reserves to handle a dip um
13:50 but if you’re in that situation it is
13:52 what it is you’ve got to do what’s best
13:53 for you i’m in the situation where i
13:56 have enough bitcoin that i’m i can ride
13:58 out a dip and i’m fine with that and you
14:01 know
14:01 what i’m i’m going to end up paying i’m
14:04 going to end up spending some bitcoin
14:06 when it’s lower than the price i paid
14:07 for it and you know what with that my
14:09 paycheck every two weeks i’m going to
14:10 end up buying bitcoin at that price too
14:13 and at that price you know when i’m
14:15 spending that bitcoin the newly bought
14:16 bitcoin i’m buying at a price that’s
14:18 significantly higher than the price i
14:20 paid for it in the future well it’ll all
14:22 work out in the wash and i’ll end up
14:23 being sub substantially up that’s the
14:25 way it works in the long term so um
14:27 obviously this is not financial advice
14:29 nothing i ever post is financial advice
14:31 legal advice tax advice accounting
14:33 advice none of it’s any professional
14:35 advice it’s just my random opinions of
14:37 what’s worked for me and if i had us
14:40 dollars right now i would buy bitcoin
14:42 for the bitcoin i do have right now i’m
14:44 not liquidating it i’m not even
14:46 liquidating the bitcoin i know i’m going
14:48 to need one month from now to pay off
14:50 this whole house generator for $20,000
14:52 i’m not even liquidating bitcoin for
14:54 that because my finances can handle a
14:56 dip and if it does dip and i bought
14:58 $14,000 of bitcoin at 109 and i
15:01 liquidate bitcoin at you know 85 to pay
15:06 for a whole house generator so what i
15:09 take a loss one time on top of a bunch
15:11 of gains i mean if you if you win 80% of
15:14 the time and you lose 20% of the time
15:16 keep playing that game so um the reason
15:21 gambling is a bad idea the reason
15:22 casinos are a bad idea the reason
15:25 speculating in the stock market’s a bad
15:26 idea the reason day trading is a bad
15:28 idea is because you lose more than you
15:31 win and when you lose more than you win
15:34 you lose in the long term it’s a losers
15:36 game it’s a fool’s game which is why i
15:39 don’t do any of those things uh if you
15:41 invest in bitcoin it doesn’t mean you
15:42 win 100% of the time it just means you
15:45 win the majority of the time and anytime
15:47 your investing involves winning the
15:50 majority of the time then you end up
15:52 really well off in the long term as long
15:54 as you don’t get wiped out in at some
15:56 point in that process obviously don’t
15:58 put yourself in a position where you’re
16:00 going to get wiped out by one big
16:01 downturn which is why i don’t recommend
16:03 people buy bitcoin with leverage uh
16:05 meaning with borrowed money if you buy
16:07 bitcoin with borrowed money especially
16:09 if you borrow against your bitcoin to
16:11 buy bitcoin with borrowed money against
16:13 your bitcoin then when your bitcoin
16:15 drops you get a margin call and a margin
16:17 call is like the worst thing ever a
16:19 margin call means if you can’t post more
16:22 collateral meaning give them more
16:24 bitcoin your position gets liquidated
16:26 and you lose your bitcoin so and i’ve
16:28 known people that have done that so
16:29 don’t borrow against a mark-to-market
16:31 asset don’t borrow against bonds don’t
16:34 borrow against stocks and don’t borrow
16:36 against bitcoin because all of those can
16:37 get margin called
16:39 now you know you’re not in the same
16:41 position if you’ve got a home equity
16:42 line of credit or you’ve got a mortgage
16:45 on your house or in my case you’ve got a
16:46 5-year mortgage or not a mortgage a
16:48 5-year car note on a tesla you’re not in
16:51 that position there the bank’s never
16:53 trust mark bank is never going to come
16:54 to me and say “hey your tesla’s you know
16:57 got a few scratches on it it’s not worth
16:60 what it used to be you got to post more
17:01 collateral.” banks don’t do that they
17:03 don’t do that for houses they don’t do
17:04 that for cars they loan you money and
17:07 you owe it in five years uh but if you
17:09 can’t afford to make the payments on
17:10 your house or you can’t afford to make
17:12 the payments on your car and you risk
17:13 losing it and you have to liquidate
17:15 bitcoin when it’s down to keep from
17:17 losing your house that’s the sort of
17:19 situation where you can lose a lot of
17:21 bitcoin at a price you don’t want to
17:23 part with it for so make sure you can
17:24 handle that volatility i can handle the
17:26 volatility in my life which is why i’m
17:28 100% bitcoin and i can handle the
17:30 volatility that comes with being 100%
17:33 bitcoin and part of that is because i
17:34 have a paycheck i’m president of prosper
17:36 i get a paycheck every two weeks that
17:39 you know it doesn’t cover all my
17:40 expenses but it covers most of them and
17:43 the rest of it if i have to pay for the
17:45 rest of my expenses with bitcoin that’s
17:46 volatile including down sometimes for
17:48 the price i paid for it that’s fine
17:50 because in the long term it’s up a lot
17:52 more than it’s down and so if i can ride
17:54 that out i’m good in the long term and i
17:56 am so and i can um but i don’t want
17:59 anybody in a situation where bitcoin did
18:02 them where they ended up worse off
18:04 because of bitcoin and the only way that
18:06 happens is if you’re forced to liquidate
18:08 bitcoin when you’re down and please
18:11 don’t put yourself in a situation um but
18:14 where you’re forced to liquidate bitcoin
18:15 when it’s down because you can’t make a
18:17 mortgage payment or you lose your job or
18:19 you can’t make a car payment or you
18:21 borrowed against your bitcoin or you
18:22 borrowed against your stock portfolio or
18:25 anything like that just make sure you
18:27 can service debt you can make payments
18:29 you’re not overextended you’re not out
18:31 over your skis just don’t get yourself
18:33 in trouble and bitcoin will continue in
18:36 the long run to be the best asset that’s
18:38 ever existed i am certain of that you
18:40 just got to be able to handle that that
18:42 volatility in the short term which is
18:44 why i did a video back up at 111,000
18:46 bitcoin saying “hey we’re at a record up
18:49 here at 111 not a soul in the world is
18:52 down on their bitcoin 100% of bitcoin
18:54 holders are up if you can’t handle the
18:56 volatility take some chips off the table
18:59 get where you can now there’s obviously
19:02 a few people who have bought bitcoin at
19:04 above 105,500 which is where it is right
19:06 now including me because back when i did
19:08 the video at 111,000 it was a record
19:10 literally a record while i was recording
19:12 the video which means not a soul in the
19:14 world had bought bitcoin for more than
19:15 the current price because it was
19:17 literally setting records as i was
19:18 recording the video so it was impossible
19:20 to have bought bitcoin in the past at a
19:22 price higher than the current price
19:23 because literally it had never been
19:25 higher than that price so in that video
19:27 back at 111,000 i said if you cannot
19:29 handle the volatility you can get off
19:31 the train um so i’ll say the same thing
19:34 here not that nobody’s bought above you
19:36 know 105,500 but the vast majority of
19:39 people the bitcoin they hold they bought
19:41 at less than 105500 or the cost basis of
19:45 all their bitcoin meaning the combined
19:47 price of all the bitcoin is below
19:50 105,500 um so if you cannot handle the
19:52 volatility please adjust accordingly
19:56 please only hold the amount of bitcoin
19:58 that you can handle and that you’re not
19:60 going to get forced to liquidate you
20:02 know in a downturn um it happens and i
20:05 just don’t want it to happen to anybody
20:07 um so anyway um what would i do if i had
20:10 more money us dollars to buy bitcoin i
20:13 would buy more bitcoin right now because
20:14 i can handle that volatility i’ve been
20:16 through it before i’ve been through the
20:18 downturn after 2017 i’ve been through
20:20 the downturn after 2021 i’ll be i can
20:23 make it through the downturn of 2026 if
20:26 there you know 2025 i should say 2025 uh
20:29 again the four-year cycle tends to
20:30 involve peaks in 2013 17 21 and possibly
20:34 25 although historically the highest of
20:37 those peaks has always been late in the
20:38 year not early in the year now again
20:40 according to safe amos the launch of the
20:42 bitcoin etfs may have moved that up but
20:44 natalie brunell makes a really good
20:45 point of yeah but we have not had a
20:47 blowoff top a blowoff top is this
20:49 parabolic rise followed by a crash we
20:52 haven’t had that parabolic rise the the
20:54 march up to $112,000 bitcoin has been a
20:57 pretty steady solid measured march it
21:01 hasn’t been these insane rises like you
21:03 saw in 2013 2017 and 2021 and the reason
21:07 you get that big price correction is
21:08 because you get this insane
21:09 unsustainable rise and there’s just not
21:12 enough demand to keep that going and
21:14 then at some point the price drops back
21:15 to something that the demand can
21:17 actually sustain which is what happened
21:19 after 2013 2017 and 2021 the price drops
21:23 back to a price level that the demand
21:24 can sustain and then it keeps marching
21:26 forward um but again you don’t want to
21:28 be somebody who bought in a you know
21:31 radical upswing that was unsustainable
21:33 and then when the price drops back um to
21:37 a price that the demand can sustain
21:39 you’re stuck liquidating your bitcoin at
21:41 a price lower than you paid for it i
21:42 just don’t want anybody to be in that
21:43 situation so um stay safe out there um
21:47 make sure you can handle volatility make
21:49 sure you can handle downturns i still
21:51 think again in my case i buy more
21:53 bitcoin any chance i get with every
21:55 paycheck every two weeks every
21:58 opportunity i get if there’s us dollars
21:60 i buy more bitcoin um that’s just what i
22:03 always do um and works great for me but
22:05 i can handle the volatility make sure
22:07 you can as well so over the coming days
22:09 weeks and months we will find out is the
22:12 sort of cautious pessimism of safeodine
22:15 an sedine amis warranted um do we get a
22:19 two a rise to $200,000 followed by a you
22:22 know significant crash and look if it
22:24 goes to 200,000 and it crashes 50% we’re
22:27 still at 100,000 which is barely lower
22:28 than now although he says we could crash
22:30 more than that nobody knows literally
22:32 nobody knows not a soul on the planet
22:34 even knows um or do we get you know the
22:37 big print that the book literally the
22:40 book called the big print that just came
22:41 out by uh lawrence uh larry leard um uh
22:46 or larry lawrence leard however you say
22:49 it the big print those three words the
22:51 big print the book just came out earlier
22:53 this year do we get the big print that
22:55 lori larry leard is talking about and
22:57 that jack mullers is talking about and
22:59 that i think is going to happen um do we
23:01 get that and do we get a huge sustained
23:04 rise in the price of bitcoin that lasts
23:05 for a long time and everybody on the
23:07 planet is talking about whether you
23:09 bought a bunch of bitcoin before it or
23:11 after it nobody knows nobody knows just
23:14 make sure you can handle all scenarios
23:16 um and the best way to make sure you can
23:18 handle is buying bitcoin with retirement
23:20 funds because if you’re buying bitcoin
23:22 retire with retirement funds as long as
23:24 you’re not planning to retire in the
23:26 next 3 or 4 years um so if you’re under
23:29 the age of 60 and you’re buying bitcoin
23:31 with retirement funds you’re golden
23:33 you’re golden because you’re going to be
23:35 retiring more than four years from now
23:37 and there has never been a time that
23:39 over any four-year time span in the
23:41 entire history of bitcoin that has been
23:42 down so i think the probability that
23:44 bitcoin’s higher than today’s price four
23:46 years from now is 100% on a three-year
23:49 basis bitcoin has historically been up
23:51 97% of the time so if somebody said
23:53 “yeah but okay 100% of probability
23:55 bitcoin’s up from today’s price four
23:57 years from now.” i get it what about 3
23:58 years i would say 97% of the time why
24:01 because 97% of the time over the last 16
24:04 years bitcoin’s been up over any
24:06 three-year time period if somebody said
24:08 “yeah but what about only two years from
24:09 now?” i would say 67% why 67% why
24:13 because over any 2-year period over the
24:16 last 16 years there’s a 67% chi chance
24:19 bitcoin’s up and if you’re patient by
24:21 one more year your probability of being
24:23 up jumps from 67% to 97% and if you’re
24:27 even more patient it goes to 100% that’s
24:29 the way bitcoin works so please be
24:31 patient uh and please don’t invest
24:33 bitcoin uh money in bitcoin that you
24:35 cannot afford to lose and that you
24:37 cannot afford to just ride out and wait
24:40 or or if you’re right up on retirement
24:42 you’re like right there make sure you
24:44 have the ability to work to figure out
24:46 which way bitcoin’s going before you’re
24:48 all in like me so i’ve still got a
24:50 paycheck so i can handle it either way
24:52 uh hopefully this video helps nobody
24:54 knows the future make sure you can
24:55 handle the ups and downs there could be
24:57 a significant price correction around
24:58 the corner nobody knows there could be a
25:01 massive price rise right around the
25:02 corner nobody knows make sure you you
25:05 can handle anything just please make
25:08 sure you don’t end up in a situation
25:09 where you’re forced to
25:11 liquidate bitcoin at a price lower than
25:14 you paid for it in significant amounts i
25:16 don’t care if i have to liquidate a
25:18 little bit of the bitcoin i paid you
25:19 know pay for it at 109 liquidate it at
25:22 105 buy bitcoin at 105 i have to
25:24 liquidate it at 92 i don’t care but i
25:27 don’t want to have to do that with like
25:28 all my bitcoin um and so if you’ve got a
25:31 lot of your bitcoin with a cost basis
25:33 that’s up in the you know 100,000 plus
25:36 90,000 plus and that’s like most of the
25:38 bitcoin you’ve ever bought make sure you
25:40 can handle the downturns just make sure
25:42 you can handle it because there could be
25:44 one around the corner we could also be
25:46 in for a huge price rise nobody on the
25:48 planet knows not a soul so good luck out
25:51 there i’m here for anything you need
25:52 feel free to message me anytime on
25:54 facebook messenger uh i love responding
25:57 to people’s questions and i will
25:58 continue to try to be the best possible
26:00 sherpa uh on the way up the bitcoin
26:03 mountain including the valleys remember
26:06 bitcoin goes up and down on its way up
26:08 so i said up twice i said down once so
26:11 that means it goes up more than it goes
26:12 down which is why it’s the best
26:14 performing asset in the world over the
26:16 last 10 years uh best performing over
26:18 the last five years certainly best
26:20 performing over the entire life of
26:21 bitcoin uh but there are ups and downs
26:24 on the way up make sure to get the two
26:26 ups you can handle the down in between