This is HOW bitcoin will reach $1 million per coin, and this is how it will FEEL as it does

00:01 hey everyone let’s talk about how
00:03 Bitcoin will reach $1 million per coin
00:06 and how it will feel as it does that
00:08 first of a lot of people think when an
00:10 investment goes up by a factor of 10
00:13 meaning you make 10 times your money
00:15 that somehow like they’re going to walk
00:17 outside one morning and there will be
00:19 writing in the sky that says you were
00:23 early you made a ton of money you know
00:25 this new asset’s incredible something
00:27 like that or that they’re going to see
00:29 on the news that everybody’s talking
00:32 about this new thing that they bought
00:34 you know before it went up and how high
00:36 it is and it’s euphoric and like it’s
00:38 utopia and all that sort of stuff that’s
00:40 just not how it works when assets go up
00:42 by a factor of 10 um what happens is
00:46 they grind higher they fall back they
00:49 grind higher they grind down they grind
00:51 sideways they grind up and somehow over
00:54 a long enough period of time you notice
00:58 that wait a second worth 10 times higher
01:01 than than the price I originally bought
01:03 it at so that has been my experience
01:06 from the very first Bitcoin I bought in
01:08 uh around $9,000 although my average
01:11 price uh I think my average price was
01:13 $10,000 but the very first Bitcoin I
01:15 bought um was I think around 10,000 uh
01:18 so let’s use 10,000 just for round
01:20 numbers 10,000 to 100,000 so what was my
01:23 experience from 10,000 to 100,000 which
01:25 is 10x I made 10x on that money uh now I
01:28 should have bought a lot more bitcoin
01:30 but you know so should every so so
01:32 should everyone have uh so my experience
01:34 was I bought it and then it went down
01:36 some and then it went up some and then
01:38 it went down some and then it grind
01:40 ground sideways for a really long time
01:44 and I bought some more uh but not enough
01:47 i should have bought a lot more and then
01:50 it basically bounced around and bounced
01:51 around all through the rest of 2018 and
01:54 2019 and 2020 and then I noticed in 2022
01:59 sorry 2020 uh uh 2021 that it’s like wow
02:03 it’s like significantly up from where I
02:05 bought it um but again it had been you
02:07 know grinding around for two two or
02:09 three years and I’ve noticed wow it’s
02:11 significantly up from where I bought it
02:13 um and then you know it went way up in
02:16 2021 to about uh seven times what I paid
02:20 for it up to 70,000 then it dropped way
02:23 back down in 2022 and it ground around
02:26 in 2023 and then it climb you know it
02:29 climbed in 23 climbed in 24 and here we
02:32 are it’s climbing you know for the first
02:34 half of 2025 so there we go 10 times my
02:37 money and the question is how many times
02:39 during that time did I feel euphoric did
02:42 I feel like a genius did I feel like wow
02:45 wow this asset that I’ve owned for all
02:48 this time is now way way way up and you
02:51 know everybody’s talking about it and
02:52 the answer is in in an entire 2 and 1/2
02:55 year time frame uh since well I guess
02:59 it’s been a uh you know since 20 let’s
03:02 call it 2017 2018 in that eight years
03:04 that it’s been 10x there’s only been a
03:08 handful of times fewer than 10 in eight
03:11 years probably fewer than eight in eight
03:13 years where it felt like it was going
03:15 way up and this is amazing and I’m a
03:18 genius and it’s fabulous it’s just not
03:21 that often and so let me use a a tighter
03:24 time frame uh because it’s easier to
03:26 tell the story with a tighter time frame
03:28 um you know from a timeline perspective
03:30 so Bitcoin has 7xed in the last uh 2 and
03:36 a half years so it started at the
03:38 beginning of 2023
03:41 um at below $17,000 16,000 something and
03:46 it is up a factor of between 6 and 7 6
03:49 and 7 times your money since uh the
03:52 beginning of 2023 so 2 and 1/2 years
03:55 okay so in that two and a half years I
03:58 only remember maybe five or six times
04:01 that it felt like “Wow this thing is
04:03 really taken off like a rocket this is
04:05 fantastic it’s going up i love it this
04:08 is amazing.” Like just that’s not that
04:10 much that’s not that much most of the
04:12 last 2 and 1/2 years has been grinding
04:14 sideways grinding down grinding slowly
04:17 up it’s just been grinding and nobody’s
04:20 paying attention um so um if you if you
04:24 rewind uh to that experience I remember
04:27 when it went from the teens to the 20s
04:29 uh because that happened relatively
04:30 quickly i remember the the you know the
04:32 20s to the 30s the 30s to the 40s so
04:35 that’s three then the 40s to the 70s
04:37 happened quite quickly after the ETFs
04:39 were approved um and then I remember 8
04:43 months later I mean that’s a long time 8
04:45 months later of grinding sideways after
04:48 a big jump from the you know 40s to the
04:51 70s we ground sideways for eight solid
04:54 months because again the market just had
04:56 to digest that upswing when any asset
04:59 moves very quickly that high that fast
05:03 the market’s going to do some grinding
05:05 called chopolidation or consolidation or
05:08 chopolidation or my preferred term
05:11 grinding sideways because that’s what it
05:13 feels like it just feels like you’re
05:14 grinding it’s got to do that because you
05:16 can’t move that fast without a bunch of
05:19 people in the marketplace wanting to
05:20 adjust their position there’s a bunch of
05:23 new people that want to buy but there’s
05:24 also a bunch of people that have been
05:25 there a long time that are ready for
05:27 some liquidity to do whatever it is
05:29 improve the lives of themselves their
05:31 family whatever it is they do and you
05:33 got to grind sideways while all of those
05:35 people make up their mind and trade out
05:37 their coins and do all that stuff so it
05:39 took 8 months and then I remember the
05:42 jump from the 70,000s to the 90,000s and
05:44 the 90,000s to you know roughly 110 but
05:49 that’s only like five or six big jumps
05:51 that I remember in two and a half years
05:54 so the vast majority of the two and a
05:56 half years have felt like grinding it’s
05:59 just felt like grinding and here we are
06:01 i’ve made you know of all the money I
06:03 bought in you know late 2022 and early
06:06 2023 I’ve made six times my money but
06:09 the vast majority of that time period
06:11 has just felt like grinding it’s felt
06:13 like owning any investment that’s just
06:15 like waiting long periods of waiting um
06:18 same with the Bitcoin I bought in late
06:20 2017 and early 2018 it’s been whatever 8
06:24 years and it’s been mostly just grinding
06:27 it just feels like it’s grinding going
06:29 nowhere going a little up going a little
06:31 down uh but you know then you look in
06:34 the rearview mirror and it’s like well
06:35 I’ve made 10 times that money so same
06:37 thing is going to happen here from
06:38 100,000 to a million the huge percentage
06:42 of that time is going to feel like
06:44 you’re grinding it’s going to feel like
06:45 it’s going nowhere it’s going to feel
06:47 like it’s slowly grinding down and my
06:50 guess is there’s going to be a
06:51 relatively few number of times that you
06:54 think this is euphoric this is amazing i
06:57 love this i’m a genius everybody’s
06:59 talking about Bitcoin there’s just not
07:00 going to be that many times uh between
07:03 here and a million that’s just not how
07:04 investing works uh to give you an
07:06 example of that uh the magnificent seven
07:09 stocks which are the seven best
07:11 performing stocks uh in the US stock
07:13 market over the last 10 years I think
07:15 pretty much all of them have made 5 to
07:17 10 times the money uh in the last 5 or
07:20 10 years so let’s just use round numbers
07:23 five to 10 times your money in the last
07:24 5 or 10 years but if you think about it
07:27 how many times do you remember people
07:29 talking about Microsoft and Facebook and
07:32 this is as an investment you know
07:34 Microsoft Facebook Amazon Google um uh
07:40 whoever else is part of the Magnificent
07:42 7 um most of those companies oh Apple’s
07:46 another one let’s take five of those
07:47 that have been around the longest apple
07:49 Amazon Microsoft Google and Facebook
07:52 if you rewind five or 10 years almost
07:54 everybody thought that those stocks were
07:57 already expensive that there wasn’t that
07:60 much upside left and over the last five
08:02 or 10 years you probably heard almost
08:05 nobody talk about how you know what a
08:08 rocket ship that those stocks were the
08:10 short take is five or 10 years went by
08:13 and each of those stocks went up by a
08:14 factor of 5 to 10x or you know some
08:17 significant amount i forget the exact
08:19 numbers but the short take is there was
08:21 no writing on the wall there was no
08:22 writing in the sky there was no you know
08:25 universal euphoria where everyone
08:27 celebrated you know everyone who had
08:30 invested in Microsoft or Amazon or Apple
08:32 or Google uh or Facebook that’s just not
08:35 how it works um generally nobody’s
08:37 paying attention even in the last 2 or 3
08:40 years the price of gold the total market
08:43 capitalization of gold has added $10
08:46 trillion
08:48 10 trillion is a ridiculously large
08:50 amount of money 10 trillion so the
08:53 market capitalization of gold has gone
08:55 from uh let’s call it you know to use
08:58 round numbers 12 trillion to 24 trillion
09:01 in just the last 2 or 3 years now adding
09:05 12 trillion to the market cap of gold or
09:08 10 trillion is larger even the largest
09:11 US uh companies the ones I just
09:13 mentioned Amazon Apple Facebook Google
09:16 Microsoft
09:18 even those companies are only worth
09:20 between 1.5 trillion and $3 trillion
09:23 each which means gold in the last 2 or 3
09:26 years has added more market
09:28 capitalization than probably the top
09:31 five companies in the world combined but
09:35 again how much have you heard about gold
09:36 probably zero probably not a single
09:39 person listening to this video knows
09:41 that gold added $10 trillion dollar in
09:44 market capitalization that’s a
09:46 ridiculously large amount now gold’s
09:48 market capitalization has always been
09:50 the largest asset and so 10 trillion
09:52 only doubles the price of gold which
09:54 means is it a great investment no
09:56 because in the same amount of time that
09:57 you could be up you know six times your
09:59 money on Bitcoin you’re only up two
10:00 times your money on gold so I don’t
10:02 recommend it but if 10 trillion dollars
10:05 poured into Bitcoin we’d be at I mean
10:08 500,000 you know thousand a coin
10:10 overnight just like boom in fact 10
10:14 trillion of new money pouring in all of
10:16 a sudden would probably push us to a
10:18 million dollars per coin but again it’s
10:20 not going to happen that fast you know
10:22 nothing happens that fast um and again
10:25 the only reason gold can add $10
10:27 trillion because it was already a $10
10:28 trillion asset before that happened and
10:30 gold’s been around a really long time
10:32 and most of the buying is coming from
10:34 central banks that can print money out
10:35 of thin air and turn around and buy gold
10:36 with it which is what they’re doing and
10:38 so obviously an asset like that can uh
10:40 can add market capitalization again I
10:43 don’t think it’s a good investment
10:44 because it doesn’t grow quickly compared
10:46 to its size but it added 10 trillion but
10:48 again did you know that gold added 10
10:50 trillion in market capitalization
10:53 no because nobody’s talking about it so
10:55 the same thing is going to happen and is
10:58 happening in the case of Bitcoin uh you
10:60 will hear people say that Bitcoin will
11:02 bore you to death between here at a
11:04 million dollars a coin and that is
11:06 exactly what’s going to happen between
11:08 now and a million dollars per coin you
11:10 are going to be bored out of your mind
11:12 there will be very long periods of time
11:13 where it seems like nothing’s happening
11:15 there will be long periods of time where
11:17 it seems like we’re gr it’s grinding
11:19 slowly down there will be you know just
11:22 lots of boredom lots of frustration lots
11:26 of you know 30% price dips along the way
11:28 to wipe out anybody that’s uh you know
11:32 buying Bitcoin with leverage which means
11:33 with borrowed money those people are all
11:35 going to get consistently uh you know
11:37 wiped out of the market so all of that’s
11:39 going to happen and it’s just going to
11:41 be boring and then at some point you’re
11:44 going to wake up and Bitcoin is going to
11:45 be a million dollars per coin and people
11:48 are going to say “Oh wow well that’s
11:49 amazing you got so lucky which you
11:52 didn’t get lucky you did the hard work
11:53 of understanding Bitcoin it’s not luck
11:55 you if you do the hard work of
11:57 understanding what you own then you
11:58 deserve the gains when they come but
12:01 again all the people that did not do the
12:02 hard work are just going to think you
12:03 got lucky all right so but when that
12:06 happens and Bitcoin hits a million
12:07 dollars per coin and everybody’s like
12:09 “Wow you bought in 2024 or 2025 or
12:12 whatever you know you must that must
12:14 have been a euphoric ride.” And the
12:17 answer is no it wasn’t it was not a
12:19 euphoric ride because the majority of
12:21 that five or 10 years between you know a
12:24 hundred thousand a coin and a million
12:25 dollars per coin the vast majority of
12:27 that time was a grind and it sucked and
12:30 it felt like you know lots of second
12:32 guessing and did you make the right
12:33 decision and why is Bitcoin not going
12:35 anywhere why is the price stuck but
12:38 again you zoom out and it’s like yeah
12:39 but then it went from 100,000 to a
12:41 million and that’s what happened it was
12:43 brutal it was grinding it was boring it
12:46 was you know it sucked and you made 10
12:50 times your money for Bitcoin you bought
12:52 at 10x and if you bought it at you know
12:55 or or 100,000 if you bought Bitcoin at
12:57 67,000 you made whatever 15 times your
12:60 money whatever that is um anyway so
13:03 that’s what the path is going to be like
13:05 it is going to feel boring frustrating
13:09 annoying most of the time i would
13:11 imagine between you know 100 thousand
13:13 and a million a coin you will probably
13:15 get you know let’s call it eight to 10
13:19 periods multi-day periods of euphoria
13:22 where Bitcoin is you know and I think
13:24 one of those is coming soon here where
13:26 suddenly we go from 107,000 a coin to
13:29 120 but if if we do that it’s probably
13:31 going to take place about over the
13:33 course of 2 or 3 days so you’re going to
13:35 feel great for two or three days and
13:37 then you’re going to feel sucky for two
13:38 or three months or six months or eight
13:40 months or a year as Bitcoin grinds and
13:43 grinds and grinds before it you know we
13:47 get another big up you know and then it
13:49 goes to 150 and then it goes to 180 and
13:50 then it goes to 220 and then it goes to
13:53 280 and then it goes to 380 and then it
13:55 goes to 420 and then it goes to 500 and
13:58 it’s like okay you got to 500 but there
14:00 was only five or six times in the you
14:02 know between now and 500 that you really
14:05 felt amazing about your investment
14:07 and each of those times only lasted a
14:09 couple days before we were back to
14:11 grinding at a new higher price grinding
14:13 grinding grinding always boring always
14:15 grinding so that’s what it’s going to
14:17 feel like there’s not going to be any
14:18 writing on the wall uh there’s not going
14:21 to be you know the adoption of Bitcoin
14:23 that’s required to get it to $1 million
14:25 per coin is already happening it’s
14:28 literally already happening right in
14:29 front of your eyes right underneath your
14:31 feet it’s already happening and the
14:34 process is going to feel like a bunch of
14:36 what it feels like right now for a
14:38 really long time is which is going to
14:40 feel like forever the next five or 10
14:42 years and then we’ll be at a million
14:44 dollars per coin and then you like
14:45 everyone else will wish they had bought
14:47 a lot more Bitcoin when it was a lot
14:49 cheaper because that is everyone’s
14:51 universal experience is that they wish
14:52 they had bought a lot more a lot cheaper
14:55 and that’s just how it works for
14:57 everyone so hopefully this video is
14:59 helpful always here to help you on that
15:01 journey hopefully I will uh help make
15:04 sure that journey is not too boring not
15:06 too grinding and if you follow people
15:08 like Jack Malers uh with the Jack Mer
15:11 Show podcast which I always listen to
15:13 every week or um subscribe to James
15:16 Czech with uh Checkmate is what his uh
15:20 you know tag is or uh handle is on
15:22 Twitter if you subscribe people like
15:24 that will make sure you understand
15:26 playbyplay exactly what’s happening why
15:29 it’s happening you know all of that
15:31 which makes it easier to hold Bitcoin if
15:32 you at least know why it’s going up and
15:35 down and people like that are good at
15:37 explaining jack Mer is good at at
15:39 explaining
15:40 uh sort of the long-term horizon of
15:42 Bitcoin and how the you know what all
15:45 the politicians are saying plays into
15:48 why we’re going to get where we’re going
15:49 to get and James Czech is is you know
15:52 fantastic about basically the day-to-day
15:54 every two or three days he releases a
15:57 you know a 10-minute assessment of where
15:59 we are and why Bitcoin is doing exactly
16:01 what it it’s doing and he’s usually spot
16:04 on and it makes you not feel like you’re
16:07 flying blind u so anyway that’s that’s
16:10 my two go-to resources um I always if if
16:13 I have an email from James Check in my
16:16 inbox from my 30 $30 a month
16:18 subscription to him that’s always the
16:20 very first thing I read uh and then if I
16:23 have a Jack Mer show from Monday night
16:25 which they get recorded Monday nights uh
16:27 that’s always the very second thing I do
16:29 after I read anything from James Check
16:31 is I listen to Jack Morers uh and then I
16:33 go you know troll Twitter and everything
16:35 else and see what the news is but uh
16:37 anyway that’s the path from here to a
16:39 million dollars lots of boredom lots of
16:41 pain and in the rearview mirror when
16:44 it’s all said and done you just wish you
16:46 had bought more Bitcoin that’s that’s
16:48 been the story from 10,000 to 100 that
16:51 was the story from 1,000 to 10,000 that
16:53 was the story from 100 to a,000 the
16:56 process has always been the same short
16:58 periods of euphoria long periods of pain
17:01 and grinding and you’ll end up looking
17:03 in the mirror and you’re up 10x and then
17:06 you wish you had bought a lot more
17:07 Bitcoin and that’s the experience and
17:10 then you get to enjoy uh the fruit of
17:12 your labors which is the Bitcoin that’s
17:14 up you know 10x uh it’s just about
17:17 patience and all investing works that
17:19 way so hopefully that helps have a great
17:21 day everyone thanks