I Just Bought Six Figures More Bitcoin

00:02 Hi everyone, happy new year. I just
00:03 bought an additional six figures worth
00:05 of Bitcoin this morning. Wanted to give
00:07 you the quick story. Um, so I have a
00:10 variety of different private company
00:12 investments. Most of them are not
00:13 liquid, meaning there’s no way to sell
00:15 the stock at all. Uh, even if I wanted
00:17 to. Well, one of those really small
00:20 companies I invested in three or four
00:22 years ago, it’s been a number of years.
00:23 one of those really small companies, the
00:25 stock was suddenly um be going to be
00:28 liquid and I could sell it as early as
00:31 the first market day where the stock
00:33 market was open in 2025, which was today
00:36 since the stock market was closed for
00:37 New Year’s Day uh yesterday. Um so, uh
00:41 obviously, as I’ve said before, I buy as
00:43 much Bitcoin as I possibly can whenever
00:45 I have liquidity. And even though on
00:48 that the specific company stock it was I
00:50 was essentially uh selling it for
00:52 roughly the same as what I paid for it
00:55 you know three and a half years ago uh
00:57 almost four years ago. Um still I think
01:00 uh the risk of that company was way way
01:02 way higher than the risk of Bitcoin. Uh
01:04 so the I think the upside of Bitcoin
01:06 Bitcoin has huge upside and a much much
01:09 much much like infinitely lower risk
01:11 profile. And so uh so I just I thought
01:14 about it. I thought, you know, I could
01:15 hold on to that company’s stock and it
01:18 might outperform Bitcoin. In fact, you
01:20 could make a credible argument that it
01:22 might outperform, you know, Bitcoin at
01:24 2x, you know, but it might go up twice
01:26 as fast as Bitcoin or even more. The
01:29 problem is that that company had a risk
01:31 profile of 10x or 20x or 50x or 100x
01:34 bitcoin. Meaning the probability I would
01:36 not get my money back was much much much
01:39 much higher than the probability that I
01:42 would get 50% more than the you know
01:44 than the appreciation of bitcoin or 100%
01:46 more or something like that. Obviously I
01:48 could be wrong but I make riskreward
01:50 decisions. And you know, if I wanted
01:53 something to outperform Bitcoin,
01:55 virtually any penny stock could
01:57 outperform Bitcoin. The problem is they
01:59 probably won’t. There’s a 99% chance
02:02 that penny stocks will go to zero. Um,
02:05 there’s a 99% that all the crypto other
02:08 than Bitcoin will go to zero. Um, but
02:11 you know, Bitcoin has the ability to
02:13 have incredible upsides with low risk.
02:16 One second.
02:19 So anyway, um I always look at things on
02:22 a riskreward basis and the risk of
02:23 Bitcoin at this point as a $2 trillion
02:26 asset is quite low and the upside of
02:28 Bitcoin is still, you know, 9x 10x from
02:31 the current price just to get to parody
02:32 with gold and parody with gold is in my
02:35 mind just getting started because
02:37 Bitcoin is so much better than gold. So
02:39 anyway, as soon as the stock market
02:41 opened this morning, I sold off all the
02:43 shares in the small company that I could
02:45 now or sell the stock at as of market
02:48 open on January 2nd. Um, it was on
02:51 Fidelity and I wanted to straight up
02:53 immediately buy Bitcoin with it, but um,
02:56 it’s I have to move the money over. Even
02:59 though you could buy Bitcoin on
02:60 Fidelity, you have to move the the
03:02 assets between the regular stock
03:04 portfolio of of Fidelity and the crypto
03:08 portfolio of Fidelity. And I didn’t have
03:10 time to figure out that this morning.
03:12 So, I just uh immediately brought FBTC.
03:15 So, I basically sold the stock in the
03:17 small company and bought FBTC, which is
03:19 the Fidelity Bitcoin ETF, and I will
03:22 just hold it in the Fidelity Bitcoin ETF
03:24 until I either liquidate it to the US
03:27 dollars to move to Coinbase and buy real
03:29 Bitcoin, um, which is my plan, or if I
03:32 can find a super easy way of holding it
03:34 in Fidelity Crypto, which will actually
03:37 hold it in in Bitcoin form rather than
03:39 ETF form, uh, I might do that. But uh
03:41 there’s really no point in having it in
03:43 Fidelity crypto rather than the ETF
03:44 because Fidelity does not allow you to
03:46 move the Bitcoin to other Bitcoin
03:48 addresses. You can only buy it and sell
03:50 it, which is basically all you can do
03:51 with the Fidelity Bitcoin ETF anyway.
03:53 So, uh I will probably as soon as I get
03:56 a minute, um I will uh find a way to
03:60 link up my Fidelity account to my Wells
04:03 Fargo account, which I don’t think is
04:05 linked right now. I’ve never had a
04:06 reason to link it in the past. So, as
04:08 soon as I get a chance, I will link up
04:09 my Fidelity account with my Wells Fargo
04:11 account, and that way I can liquidate
04:14 the SBTC, Fidelity Bitcoin ETF, uh, wire
04:19 transfer immediately over to Fidelity,
04:22 sorry, to Wells Fargo, unless there’s
04:24 some reason I can’t do that there.
04:26 There, you know, I might have to wire
04:28 transfer, but there’s a chance I can do
04:29 it like I know I can wire transfer, but
04:30 there’s a chance I can do it like a
04:32 direct payment. Um, uh, I don’t know. I
04:36 don’t know if Fidelity and Wells Fargo
04:38 will allow you to do uh direct back and
04:40 forth payments. Uh but anyway, if not,
04:42 I’ll wire transfer and if I wire
04:44 transfer, then it’ll take a day. Uh and
04:46 if it takes a day, then I will be out of
04:49 the market for a day. But it’s worth it
04:51 to me to be out of the market for a day.
04:53 um rather than uh and to have actual
04:56 real Bitcoin on uh Coinbase, which I can
04:58 im immediately then move to Bitkey for
05:01 self-custody, I would rather have that
05:03 than be sitting in the Fidelity Bitcoin
05:05 ETF. Now, for retirement funds, I just
05:07 keep everything in the Fidelity Bitcoin
05:09 ETF. Uh because for retirement funds, I
05:12 don’t want to go through the trouble yet
05:14 of moving everything over to um to
05:16 Unchained Capital, which allows you to
05:18 do a self-custody uh Bitcoin uh IRA. So
05:22 right now right now the retirement stuff
05:24 is all on Fidelity uh using just
05:27 Fidelity uh retirement funds with FBTC
05:31 and as soon as I can get and the reason
05:33 since I sold the small company stocks
05:35 that’s not in a retirement fund which is
05:36 why I will move it over as soon as I can
05:39 um from FBTC to back to US dollars. move
05:43 those dollars to Wells Fargo and
05:44 immediately suck those dollars from
05:46 Coinbase out of Wells Fargo into
05:48 Coinbase, buy Bitcoin, and then move the
05:50 Bitcoin over to Bit Key for safe
05:52 long-term self-custody. Um, so anyway,
05:55 that’s the quick story. Um, I got a van
05:58 full of kids and they’re trying to
06:00 videobomb photobomb this video. But
06:03 anyway, um, so, uh, anyway, that’s the
06:05 short take. So, the Bitcoin I bought was
06:07 at about 97,000 a coin, which is roughly
06:09 in the ballpark of where it is right
06:11 now. So, if you’re curious, is now a
06:13 good time to buy Bitcoin? Well, that’s
06:14 what I’m doing. And the, you know, I
06:17 bought more than six figures of it this
06:19 morning with dollars that I could use
06:21 for anything, but I wanted them to be in
06:23 Bitcoin because that’s where I store all
06:25 of my long-term value. Uh, or at least,
06:27 you know, somewhere between 97% and 98%
06:30 of my long-term value. So, um, so
06:32 anyway, so, um, as soon as I got
06:34 liquidity on that small company, moved
06:35 it over, and it will ultimately end up
06:37 in Bitcoin, safely, self-custodied, uh,
06:40 in BitKey. And that’s the quick story of
06:42 this morning. So, uh, if you got any
06:44 questions, let me know. Uh, otherwise, I
06:46 think it’s a great time to buy Bitcoin.
06:48 Welcome to 2025. Uh, we’re coming into
06:51 bit, you know, 2025 with Bitcoin below
06:53 $100,000 per coin, which means uh, it’s
06:56 on sale. It’s always on sale, but it’s
06:59 especially on sale below $100,000. Uh,
07:02 and that’s why I couldn’t resist. I I
07:03 considered leaving uh the money in the
07:05 small company just because normally if I
07:08 if I do all the research to buy
07:09 something, you know, I don’t just dump
07:11 it the first chance I get. I mean, my my
07:13 typical MO is if I’m going to do all the
07:15 work to make a a private company
07:17 investment, then I’m planning to hold it
07:19 for the long term. And in this case, I
07:20 had held this company for between three
07:21 and a half and four years. And but I
07:24 looked at I was like, seriously, Bitcoin
07:26 under 100 grand? I’m not going to just
07:28 sit there and watch Bitcoin chill under
07:30 100,000 without taking some of that off
07:33 the hands of the poor fools that are
07:34 selling it for less than 100 grand. So,
07:36 you know, if you dangle it long enough
07:39 below 100 grand, I’m going to go get
07:41 liquidity somewhere else and take that
07:43 Bitcoin. And so, anyway, so I got, you
07:46 know, you know, six figures of more
07:48 Bitcoin as of this morning. And, you
07:51 know, we’ll see how it goes. Uh I’m very
07:53 bullish longterm. Think it’s a great
07:54 time to buy Bitcoin and think it is by
07:57 far the best riskreward um asset you
07:60 could possibly buy, you know, right now
08:02 and buy a long shot. So, uh wanted to
08:04 get a quick video out this morning.
08:06 Happy New Year everyone. Great time to
08:07 buy Bitcoin and I’ll do a lot more
08:09 videos, but this was just the first
08:11 chance I got in the new year and wanted
08:13 to get a video out there with some
08:14 highlights. So, good luck everyone. I’m
08:16 here. If you need anything, if I can do
08:18 anything for you, call me, message me,
08:19 send me a um, you know, a text message
08:22 or uh, shoot me a Facebook uh, Facebook
08:24 message, anything. I’m here to help. Any
08:26 question you could possibly have. I love
08:28 answering questions about Bitcoin. Uh,
08:30 so, you know, any question you possibly
08:32 have, send it my way. Happy to answer
08:34 it. Happy to help you in any way I can.
08:36 Most of the time, I’ve done Facebook
08:37 live videos on the questions people
08:38 have, and it’s super easy for me to drop
08:40 you a quick link to that video. So, have
08:42 a great day, everyone. Fix.