NEW ALL-TIME HIGH $113k+! What happens now? What happens next?

00:03 All time high right now above $113,000.
00:07 Uh that’s the highest it’s ever been in
00:08 history. It means 100% of people that
00:10 have ever owned Bitcoin are in profit as
00:13 long as they didn’t sell it uh in at
00:15 some point in the past. So everyone
00:17 throughout the entirety of Bitcoin his
00:19 Bitcoin’s history for the last 16 years,
00:22 if you held on to it, you are in profit
00:24 right now because Bitcoin is at an
00:26 all-time high. It’s the highest it’s
00:27 ever been. Literally, nobody has ever
00:28 bought Bitcoin at a price that’s higher
00:30 than it is right now because it’s the
00:32 highest it’s ever been above $113,000.
00:35 Okay. So, what happens now and what
00:38 happens next? Okay. So, a couple of
00:40 things. One, typically once Bitcoin has
00:42 gone through a period of consolidation,
00:44 in this case of seven or eight months,
00:46 it’s been about seven months. Once
00:48 Bitcoin’s been through that period, what
00:50 typically happens next is that it uh
00:54 rises to a new sort of plateau. And in
00:57 this case, most people, including James
00:60 Czech, the best Bitcoin analyst, is
01:01 projecting sort of the next holding
01:04 ground around 125 to $130,000 per
01:08 Bitcoin. And um the reason is at that
01:11 point, Bitcoiners are in quite a bit of
01:14 profit. So for someone who has, you
01:16 know, used to have for the last seven
01:18 months, call it $50,000 of Bitcoin, now
01:21 they have 60 or $65,000 of Bitcoin. If
01:24 they own one Bitcoin and they’re used to
01:25 it bouncing around around $100,000, now
01:28 they’re bouncing at $125,000 and they’re
01:31 $25,000
01:32 wealthier. And so what happens is people
01:36 start to decide to improve the lives of
01:38 themselves and their families, which is
01:40 exactly the purpose of money. The reason
01:42 you have money is so that when uh the
01:44 time is right, you can improve the lives
01:46 of yourself and your family.
01:51 It’s the point of money. So, um people
01:54 tend over a period of time that seems
01:56 the last couple of times has taken
01:58 around seven or eight months. That’s how
01:60 long it’s taken for somebody to get used
02:01 to being at a new level of wealth. And
02:05 that means that’s how long it takes for
02:07 them to adjust to doing things that
02:09 involve money. Uh let me give you a a
02:12 real world experience with myself. So
02:14 James Czech, my favorite Bitcoin
02:16 analyst, is often saying, can you see
02:19 yourself in the data? Meaning, is the
02:21 way Bitcoin’s price behaving consistent
02:23 with your own personal experience of
02:26 what you’re doing with your own Bitcoin?
02:27 So Bitcoin rises. I have 100% of my net
02:30 worth in Bitcoin. Um the last of the
02:33 money I have that was not in Bitcoin
02:35 went into Bitcoin in the high $70,000.
02:39 So, my average cost basis is probably in
02:41 the low $30,000. But again, that’s
02:44 because I have 100% of my net worth, my
02:47 liquid net worth in Bitcoin, meaning I
02:49 have tripled my liquid net worth, more
02:51 than tripled already. But the last of
02:53 that went in in the high 70,000s. And
02:55 obviously, I buy Bitcoin every two
02:57 weeks. So, I bought Bitcoin at 111. I
02:59 bought Bitcoin at 109. I bought Bitcoin
03:02 whatever two weeks ago at 108. It’s just
03:04 the I’m always buying Bitcoin. But for
03:06 major purchases from infusions of cash,
03:09 the last was in the uh the high 70,000s
03:11 or something like that. Other than I
03:13 actually I think I got some sort of the
03:15 blue money that came in that was like
03:17 109 or 111 or something like that. But
03:19 anyway, so when when people start
03:22 feeling wealthier, they decide to adjust
03:24 their spending patterns. So, for
03:26 example, over the last 7 months, while
03:29 Bitcoin’s been bouncing around mostly
03:32 between 100,000 and 110 with very short
03:35 uh time periods where it drops lower
03:37 than that and a couple very short
03:38 periods where it’s been slightly higher
03:40 than 110, people like me are adjusting
03:42 everything, right? So, previously I did
03:44 not feel like I could afford a generator
03:47 for my house because my electricity goes
03:49 out about every other week because
03:50 energy cannot keep my electricity on.
03:53 But with Bitcoin above 100 thousand
03:55 100,000 a coin, I’m like, you know what?
03:57 I can actually afford a generator. Now,
03:58 I’m always buying more Bitcoin. So, uh
04:00 on net, it probably nets out. But over
04:03 the last seven months, I’ve paid um uh
04:06 payments for Georgetown University where
04:08 my wife is in grad school. I’ve paid
04:10 payments for our kids school. I’ve
04:12 they’re in a hybrid homechool program.
04:14 Uh I’ve paid payments for this
04:15 generator. I paid payments for this. I
04:17 mean, it just feels like a money’s gone
04:19 out a lot of ways. So over the last
04:21 probably couple weeks, I’ve been
04:24 thinking, you know what, I’ve sort of
04:26 run out of things that I need to spend
04:27 money on. And meaning I’ve run out of
04:30 things that I need to liquidate Bitcoin
04:32 to buy. The generators paid off. The
04:34 grad school, you know, that’s all
04:36 prepaid, you know, through at least
04:38 until sometime late in the year. Like
04:40 everything’s all caught up. So, when I
04:42 check the price of Bitcoin and it’s at,
04:43 you know, 109,000 or 111,000 a coin, I’m
04:46 thinking there’s really nothing I need
04:48 that I don’t have right now. And guess
04:52 what? Bunch of other people felt the
04:53 same way because over the last seven
04:55 months, it appears based on the price
04:57 today above $113,000
04:60 that everybody who had something they
05:01 wanted to do with their Bitcoin that
05:04 involved liquidating their Bitcoin to
05:06 buy a generator, to go on a nice
05:08 vacation, whatever it is they wanted to
05:09 do, build an add-on to their house,
05:12 upgrade their security system, all of
05:14 the things you might want to do with
05:15 Bitcoin. It took apparently about seven
05:18 months for people to get that out of
05:20 their system which allows the price to
05:23 rise. People continue to buy Bitcoin.
05:25 But the big difference is there’s nobody
05:27 to sell it at 108,000 anymore. Right?
05:29 So, you know, it goes up to 108 109. I
05:32 check all my bank account balances. I’m
05:34 like, I’m good. You know, credit cards
05:36 are all paid down to zero. We we only
05:39 carry small balances just to make sure
05:41 our, you know, we still have a credit
05:42 score. just like all right everything’s
05:46 like there’s nothing I want to spend
05:48 money on. So apparently the same was
05:50 true of a lot of people because about
05:53 the same time that there was not
05:55 anything else for me to spend money on
05:57 to improve the lives of me and my
05:59 family. Uh the same thing apparently
06:01 happened to a bunch of other people
06:02 around the world. Now somebody like me I
06:05 can’t change the price of Bitcoin at
06:06 all. I could sit there all day long and
06:09 selling $100,000 of Bitcoin every 5
06:12 minutes and it would have zero impact on
06:14 the price. So my buying and selling
06:16 behavior of Bitcoin has no impact on the
06:18 price except maybe one 1 millionth of a
06:21 penny or something ridiculous. But when
06:23 you have hundreds of millions of people
06:25 in the world that own Bitcoin, all of
06:27 them are getting accustomed to a new
06:29 higher price above 100,000, all of those
06:32 people are making choices to improve the
06:34 lives of their families and themselves.
06:36 And at some point, you know, they get it
06:38 out of their system like I did. And I’m
06:40 like, great, there’s kind of nothing I
06:42 want to spend money on. Now, what’s
06:44 going to happen? Well, when the price
06:45 goes up to, in the case of James Czech’s
06:48 estimation, somewhere between 125,000
06:50 and 150 or sorry, $125 and 130,000, it’s
06:54 going to take another breather. The
06:56 reason it’s going to take another
06:56 breather are the people that are sitting
06:58 on $5 million of Bitcoin are now sitting
07:00 on six. The people are sitting on 50,000
07:02 are now sitting on 60,000. the people,
07:05 you know, the OGs that are sitting on
07:07 $50 million of Bitcoin, which is people
07:10 before I got involved in Bitcoin,
07:13 they’re now sitting on $60 million
07:15 instead of $50 million. And what are
07:16 they going to do? They’re going to do
07:18 exactly the same thing they did for the
07:19 last 7 months. So once Bitcoin’s above
07:22 125, 130,000 a coin, somebody like me
07:26 starts thinking, you know what, I’ve
07:27 always wanted an electric jet ski. Do I
07:29 need an electric jet ski? No, I don’t.
07:32 Would it be fun to have an electric jet
07:34 ski that does not spew out fumes and
07:37 make loud noises and you can just putter
07:40 around or zoom around and it’s all
07:43 electric just like my amazing Tesla 2026
07:47 Model Y I’m riding in right now. Yes, I
07:49 love this car. Now it’s, you know,
07:50 financed for 5 years at 6% interest with
07:53 Trust Mark. So, you know, that doesn’t
07:55 affect the price of Bitcoin, but I
07:57 probably can’t finance an electric jet
07:59 ski when Bitcoin’s $130,000 a coin. Now,
08:02 I don’t think I’m going to buy one, but
08:04 someone somewhere is, and someone
08:06 somewhere is going to liquidate $18,000
08:08 and buy themselves an electric jet jet
08:10 ski. It probably will not be me, but it
08:12 probably will be somebody. And we’re
08:14 going to have to wait to absorb all of
08:16 the buying patterns of everybody who is
08:18 feeling wealthy now that we’re at 125 or
08:22 130. And when we get done digesting all
08:24 of that and everybody who’s getting on
08:26 the Bitcoin train for the first time is
08:28 done getting on the train or everybody
08:30 who is finally realized, hey, Bitcoin is
08:33 a big deal and I should own more of it
08:34 has ratcheted up their ownership from
08:36 10% to 20% or 20% to 40% or 40% to 60%
08:40 of their net worth. Then at some point
08:43 demand will continue. the people who uh
08:46 are done, everybody who wanted to adjust
08:48 their lifestyle will be done doing that
08:51 and the price will again go higher. In
08:53 the case of James Czech, he’s estimating
08:55 by the end of the year we’ll be at about
08:56 $150,000 to $175,000
08:59 per coin. One and then we take a
09:01 breather. Why do we take a breather?
09:03 Because people would feel wealthy up
09:04 there. And especially if we march up
09:07 there really, really, really fast, then
09:09 it’s just not sustainable. You can’t
09:11 rise super fast without getting a price
09:13 correction. So, if we march up to 150 to
09:16 175,000 nice and slow, that means we’re
09:19 probably not going to get a big price
09:20 correction after that. But if we shoot
09:22 up there super fast, almost certainly
09:25 there will be a price correction. Now,
09:26 how low will the price correction be? I
09:28 don’t know. It could drop from 175,000
09:30 back to 125,000. But guess what? 125,000
09:34 is still higher than the 113,000 you can
09:37 buy it for right now. So, what’s uh
09:40 typically happens now? Bitcoin could
09:42 fall back, right? I mean, we could be
09:44 staring at $113,000 Bitcoin and tomorrow
09:46 it could be back at 108. That absolutely
09:49 could happen. Um, but if so, so what? We
09:52 take a little longer to chop sideways
09:54 and digest everybody who wants to get
09:56 off the train at 108,000 a coin with
09:59 just a little bit of whatever Bitcoin
10:00 they own to improve the lives of
10:02 themselves and their family. And then we
10:03 keep going up. So, who cares if we take
10:05 a little pause? Um, usually once we
10:08 start getting a run like this, it’s in
10:10 the course of 3 or 4 days. My estimation
10:12 based on just history of doing this a
10:14 lot is it typically takes between 3 and
10:17 5 days to settle at a new level. So if
10:21 somebody said predict what’s going to
10:23 happen to the best of my ability, I
10:25 would say well within, you know, two or
10:27 three days we’re going to be above
10:29 12,000 a coin and within 3 to 5 days
10:31 we’ll be above $125,000 per coin. which
10:35 point we’ll start chopping sideways and
10:36 everybody will be annoyed and everybody
10:38 will say, “Hey, why is Bitcoin not doing
10:41 anything?” And it’s like, “Wait, it’s up
10:42 100% in the last 12 months. Is it not
10:45 doing anything?” Like, what other two
10:47 trillion dollar asset in the world, goes
10:50 up 100% in a year with virtually zero
10:53 chance you’re going to lose your money,
10:55 there is no better riskreward tradeoff
10:59 than Bitcoin. And so, yeah, you know, if
11:02 a 100% in a year is not good enough for
11:04 you, I’m sorry, but like that’s as good
11:06 as you’re going to get by any legit
11:08 asset. Now, that doesn’t mean you can’t
11:10 trade penny stocks, but you’re going to
11:12 lose all your money. And one in a
11:14 million people get rich. Just like at a
11:16 casino, somebody wins, but not you. Not
11:18 the average person. The average person
11:20 loses big time at a casino. So, uh, in
11:23 any legit real investment, Bitcoin is
11:26 the highest return, lowest risk
11:29 investment. That ratio of risk to
11:31 return, it’s the best of anything you
11:33 could possibly invest in right now. So,
11:35 what’s going to happen? We’ll probably
11:37 get a run over the next few days to a
11:39 price, you know, 10,000 plus uh dollars
11:42 higher than it is today. Then it’ll
11:44 probably cool off for a while. um and
11:46 then you know give it a little time and
11:48 then it’ll make another run later this
11:50 year to another price significantly
11:52 higher than that. That’s typically what
11:55 happens. It just takes time to digest.
11:57 And uh anyway, I still think it’s a good
11:59 time to buy Bitcoin, although it goes up
12:01 and down on its way up. So if you’re
12:03 buying Bitcoin right now above 113,000
12:06 per coin, just make sure you’re patient.
12:08 Make sure you’re not buying with dollars
12:10 you got to have next week or next month
12:12 or even the next six months. You don’t
12:14 know. You don’t want to be forced to
12:16 sell Bitcoin at a price that is lower
12:19 than the price you bought it for. So, if
12:21 you’re patient and you can hold Bitcoin
12:23 for a good multiple years, then it’s a
12:25 great time to buy Bitcoin right now. Um,
12:28 again, it all depends on, you know, make
12:30 sure you’re patient, make sure you’re
12:31 not doing anything dumb, not make sure
12:33 you’re not using borrowed money, and,
12:36 you know, stay safe out there. So,
12:38 that’s what I think is going to happen.
12:39 I think we’ll get the next 3 to 5 days
12:41 will push us somewhere between 120 to
12:43 130,000 a coin. Then I think we’ll chop
12:46 solidate, you know, we’ll chop around
12:48 there for, I don’t know, some series of
12:50 weeks or months. And then we’ll go up to
12:52 150 and do it again and go to 175 and do
12:55 it again. And somewhere along the way,
12:57 we may get a 33% pullback. Or if we go
12:60 up a lot really quickly, we could end up
13:02 with a 50% pullback. But again, uh I
13:05 think that’s unlikely. And it depends.
13:06 That’s only if we like go crazy. If
13:08 somebody’s like, I mean, if we shoot in
13:10 a 220,000 by the end of the year, I
13:12 would say, yeah, there’s a good chance
13:14 we’re going to get a, you know, 30, you
13:16 know, 40 or 50% pullback off two 220.
13:20 Now, it might only last like 2 hours.
13:22 You know, it could be a matter of days
13:23 or weeks and then we’re back at 150 or
13:26 something like that, but if you shoot up
13:28 really fast, it’s unsustainable in the
13:30 short term, very sustainable in the long
13:32 term. If you grind up like we have been,
13:35 it’s a lot more sustainable in the short
13:36 and long term. Uh although that doesn’t
13:38 mean we can’t get you know 20 or 30%
13:40 price corrections which we have had if
13:42 you you know if you’re paying attention
13:44 we have had I think two or three price
13:47 corrections of at least 25 to 30% or up
13:50 to 33% in the last 12 months. So you got
13:53 to be ready for that. So stay safe out
13:55 there. I love Bitcoin. It’s the best
13:57 investment in the world. And you’re not
13:59 late. It’s still a fantastic time to buy
14:01 Bitcoin as long as you’re patient and as
14:03 long as you can afford to hold it, you
14:04 know, for at least the next few years.
14:06 It’s the best investment you could
14:07 possibly make in my opinion. As always,
14:10 this is not legal advice, not tax
14:11 advice, not accounting advice, not
14:14 whatever legal, tax, accounting,
14:17 financial, not financial advice either.
14:19 It’s not any of those kind of advices.
14:21 So have a great day everyone and
14:23 celebrate the days of glory that push
14:25 Bitcoin to new stratospheric heights
14:28 because they only come after weeks,
14:30 months, or even years of pain and
14:32 sideways grind which is the case with
14:34 every investment out there. Have a good
14:36 one everyone. Thanks.