Bitcoin will NOT be outcompeted, volatility is NOT a problem, you are not late to the party!

00:01 Hey everyone. I figured I would speedrun
00:03 a couple of quick objections people have
00:05 or questions they have about Bitcoin
00:07 that holds people back and keeps them
00:09 from adopting Bitcoin. Um, so the first
00:12 often when I run into somebody, um, the
00:14 first, and I won’t do these in order
00:16 that I posted them in the in the
00:18 description, but the first is they feel
00:20 like they’ve missed the boat. They feel
00:21 like they’re late to the party. First of
00:22 all, that is not the case. Only 3% of
00:25 the world’s population has adopted
00:27 Bitcoin. And the total number of
00:30 companies that have adopted Bitcoin as a
00:32 Treasury reserve asset is something like
00:35 1%. And the total number of sovereign
00:38 nations that have a strategic Bitcoin
00:41 reserve is exactly one, the United
00:43 States, unless you count um the Bitcoin
00:46 that El Salvador has been purchasing,
00:47 but they do not have their own central
00:49 bank, for example. Um, so and the number
00:52 of sovereign wealth funds, the number of
00:53 family offices, we’re just super early
00:55 in the adoption cycle. So, um, I posted
00:58 an image from River that said, if I
01:00 remember off top of my head, we are the
01:02 equivalent of internet, what was it? I
01:05 think it was like internet usage in 1990
01:07 or uh, online banking in 1996 or social
01:10 media in 2005. Well, Facebook didn’t
01:14 even start till 2004. Like so if you
01:17 were doing uh you know if you were using
01:18 the internet in 1990 or you were doing
01:21 online banking in 1996 when most people
01:24 had not even sent their first email or
01:26 you were deep in the world of social
01:28 media literally the year after Facebook
01:30 started when I don’t think you could
01:32 even use Facebook unless you were uh at
01:35 a college or university. That’s how
01:36 early we are in Bitcoin. uh Bitcoin
01:39 ultimately we will be worth
01:40 conservatively more than a million
01:42 dollars per coin. Um which whatever a
01:45 million divided by 84 is that’s like you
01:47 know 13 times bigger than it is now with
01:50 people like Michael Sailor predicting
01:52 much higher than that. Um you know
01:54 prices of 13 million at least 3 million
01:56 a coin up to 13 million a coin which is
01:59 prices are that are infinitely higher
02:01 than that. What is that 30? It’s more
02:03 than that. It’s like 40x to 130 150x
02:07 where we are today. So we’re still very
02:09 early. So anybody who thinks they are
02:11 late to the party or they missed the
02:13 boat on Bitcoin, the question you have
02:14 to ask yourself is how many of your
02:16 friends own Bitcoin and how much of
02:19 their net worth it is it? The fact that
02:21 all of your friends have heard about
02:22 Bitcoin is completely irrelevant.
02:25 Everybody’s heard of Bitcoin. What
02:26 matters is how many of your friends own
02:29 Bitcoin. Not whether they’ve heard about
02:31 it, but how many own it and how much
02:33 does it represent as a percentage of
02:35 their net worth. In my case, of my
02:38 liquid net worth, meaning the assets I
02:40 could even invest in Bitcoin, even if I
02:42 could, it’s 99%. I am 99% Bitcoin of my
02:47 liquid assets. But almost nobody in the
02:49 world has that sort of exposure. Most
02:51 people are not above 1% or a half a
02:53 percent or.1%.
02:56 So all of that adoption, all of that
02:58 purchasing power that is will be applied
03:01 to Bitcoin will ultimately make the
03:03 price of Bitcoin run way way way higher
03:05 than it is today. All right, let’s talk
03:07 about volatility. Bitcoin is only
03:09 volatile because it’s early. It is a
03:11 small ship in a huge ocean. It is a 1.3%
03:15 of the world’s money supply and less
03:18 than.2% of the world’s assets. So the
03:21 price gets tossed around. And if you
03:22 want to understand the price cycles,
03:24 read uh VJ Boyat’s book, The Bullish
03:27 case for Bitcoin. That uh book again is
03:30 the bullish case for Bitcoin. Bullish BU
03:33 L I SH for Bitcoin by VJ Buaati. It will
03:38 help you understand exactly why
03:40 Bitcoin’s price does exactly what it
03:42 does. And once you understand it, it
03:44 makes perfect sense. Um and then last
03:46 here other than volatility and missing
03:48 the boat is people are worried about uh
03:51 you know Bitcoin being out competed. So
03:53 in the in the realm of monetary metals,
03:56 nothing has outco competed gold in 5,000
03:58 years. Gold was the scarcest monetary
04:01 metal um and that had monetary
04:03 properties uh or the scarcest metal that
04:06 had monetary properties. And nothing’s
04:08 going to out compete gold in metal
04:10 money. But we don’t use metal money
04:12 anymore. We use electronic money and
04:14 Bitcoin is the money of the digital age.
04:17 And there has been 20 million different
04:20 meme coins and knockoffs of Bitcoin and
04:23 crazy coins and all of that. And still
04:26 the value of Bitcoin of the Bitcoin
04:29 network, the total value inside of the
04:31 Bitcoin network is about 2/3. It’s about
04:34 twice as big as all the other coins and
04:37 tokens combined. I mean, Bitcoin is the
04:40 800 lb gorilla. Nothing’s even close.
04:43 Nothing’s even ever been close. And once
04:45 you understand how money works, you
04:47 realize nothing will ever compete out
04:50 compete Bitcoin. Bitcoin has the highest
04:52 security profile, the highest level of
04:55 decentralization. It has the anonymous
04:57 creator where we don’t know who uh
04:59 Satoshi Nakamoto is and they have not
05:01 been involved uh for years. Bitcoin is
05:03 16 years old 16. Um that is just nothing
05:08 is going to compete with Bitcoin uh in
05:10 for digital money. Now, in the future,
05:12 if we’re all laying in a vegetative
05:14 state, communicating by brain waves and,
05:17 you know, using holograms as money,
05:19 well, who knows? Or in heaven one day,
05:22 yeah, there’s probably not money in
05:23 heaven because there’s no scarcity. But
05:26 for probably the next few thousand
05:27 years, which is the age where humans are
05:31 using electronic money, uh you know, in
05:34 the old world, we had analog money, uh
05:36 which was gold or you know, paper
05:39 currencies in their form. Now we have
05:40 digital money and it’s Bitcoin and I
05:43 don’t see anything out competing Bitcoin
05:45 for at least hundreds of years if not
05:48 thousands of years. So that’s just not
05:49 something you have to worry about. So
05:51 all the things that people get hung up
05:52 on for why they do not embrace Bitcoin
05:55 are things that have a very good answer
05:57 that just requires some effort to go
05:58 find it. Um and if you have those
06:00 questions, ask me. I know exactly what
06:03 resources to point you to to answer any
06:05 question you could possibly have about
06:07 Bitcoin that will uh answer that’ll make
06:10 you comfortable with uh embracing it the
06:12 way so many other people have. So, I’m
06:14 here for anything you need. We’re super
06:16 early in Bitcoin. Bitcoin is super cheap
06:18 at $84,000 per coin. And uh let me know
06:22 if you need anything. It’s crazy you can
06:24 buy Bitcoin this cheap and uh one day
06:26 you won’t be able to and it’ll be
06:28 infinitely more expensive. So you can
06:30 buy it now for cheap, you can buy it
06:32 later for expensive. That is your
06:34 choice. Have a great day everyone.
06:35 Thanks.