Unimpressed with bitcoin’s performance in YOUR portfolio? Watch this video

00:01 If you’re unimpressed with Bitcoin’s
00:03 performance in your portfolio, there is
00:05 a 100% chance that you bought Bitcoin
00:08 very recently. Uh so Bitcoin is the
00:11 highest it’s ever been in human history
00:14 right now at 110,000 other than the last
00:18 100 days. So all the Bitcoin you ever
00:22 bought other than the last 100 days is
00:25 in the money. meaning you are up on any
00:27 Bitcoin investment other than the last
00:30 100 days. But what if you invested
00:32 before the last 100 days, let’s call it
00:35 super late in November or in the first
00:37 half of 2025, and you’re feeling like,
00:40 okay, but I’m only up 10% or I’m only up
00:43 20%. So, the reason for that is it’s
00:46 just a function of patience. Bitcoin
00:48 tends to go where it grinds sideways for
00:52 some prolonged period of time, then it
00:54 sort of resets to a significantly higher
00:57 price, then it grinds sideways for a
00:59 significant period of time. So last year
01:02 for eight months, between the middle of
01:04 March and early uh November, so it was
01:07 between 7 and a half and 8 months. Let’s
01:10 call it about eight months from roughly
01:11 the middle of of March to the middle of
01:13 November. Um although it was technically
01:16 like first week of November, second week
01:17 of November, something like that.
01:19 Anyway, Bitcoin essentially traded in
01:22 the same range of 70 $55,000 to $70,000.
01:26 55270
01:28 55,000 to $70,000. And there was a bunch
01:31 of people who bought Bitcoin for the
01:33 first time in that range. Their first
01:36 Bitcoin had been bought at 68,000 64,000
01:39 62,000. There were some people that
01:41 bought Bitcoin in the 40,000s, but then
01:43 they didn’t really make their first big
01:45 purchase until it ran up and it was like
01:47 $72,000. So, there was a lot of people
01:49 that ended up with a cost basis, meaning
01:52 the average price of the Bitcoin they
01:54 bought with a cost basis that was in the
01:58 62 to $68,000
02:01 range. I mean, that just that applied to
02:02 a lot of people. And so, that was a long
02:04 time for a lot of people. Again, when
02:06 the prices are down at 60,000, uh it’s
02:08 closer to a 5%, you know, move is five
02:11 or $6,000. Let’s call it $6,000. Um I
02:15 should say a $6,000 move on 60,000 is
02:18 10%. A $3,000 move is 5%. Roughly, all
02:21 of those numbers are double now. And so,
02:23 you know, people forget that a few
02:25 thousand actually was a big swing back
02:27 then. But I talked to a lot of people
02:29 who were sort of unimpressed with the,
02:32 you know, the uh performance of their
02:33 Bitcoin investment because they were
02:35 like, “Look, Joel, I mean, I I bought it
02:37 at, you know, 68 and then I bought some
02:39 more at 62. My average is like 64. The
02:42 price is like 66. Like, this is just not
02:45 that impressive.” And I’ll I’ll tell you
02:46 today what I told them then is just give
02:50 it a minute. Just wait a little bit.
02:53 Wait for Bitcoin to do its thing. If you
02:55 bought Bitcoin, a lot of the Bitcoin you
02:57 bought in the last 100 days, you have a
02:59 cost basis that is somewhere in the
03:01 100,000s. Maybe it’s 110, maybe it’s
03:04 112, maybe it’s 105. Um, if you started
03:07 buying last year and you bought the dips
03:09 of this year, you’ve got a cost basis
03:12 probably 90,000, 95,000, something like
03:14 that. So again, if you bought something,
03:16 give me one second.
03:20 If you bought, if the average price you
03:22 paid for Bitcoin is $95,000 and it’s at
03:25 110 and you’ve sat on it for nine
03:27 months, you might be feeling like, “Hey,
03:29 I thought this was a high octane
03:31 investment. I thought, you know, I
03:32 thought the return on my investment
03:34 would be a lot more than Again, just
03:37 give it time. Be patient. Here’s what’s
03:39 going to happen. At some point, the the
03:41 future is unknowable. At some point in
03:43 the next weeks or months or whatever,
03:45 Bitcoin will suddenly go from bouncing
03:47 around between 105 to 115 to bouncing
03:51 around between, I don’t know, 125 and
03:54 135. And all the people that buy in that
03:57 area up there are going to feel just the
03:59 same way you do now. They’re going to be
04:01 like, why doesn’t Bitcoin really do
04:02 anything? I bought it at 125 and get
04:06 135. My average basis is 130. It’s not
04:09 hanging around at 130. Bitcoin is not
04:11 doing anything. But you of course
04:13 sitting here with a cost basis of 90,000
04:15 or 95 or 105 are going to be thinking
04:17 Bitcoin is pretty great. It’s up like
04:19 354%.
04:21 And for some perspective, Bitcoin in the
04:24 last 12 months, I checked right before I
04:26 started this video. In the last 12
04:27 months, Bitcoin is up 105%.
04:30 Meaning, if you had bought Bitcoin
04:32 exactly one year ago, literally one
04:34 year, which don’t ever buy an investment
04:36 that you’re not willing to hold for at
04:38 least a year, I mean, if you bought it a
04:41 year ago, you’re up 105%. You have more
04:44 than doubled any amount of money that
04:46 you put in Bitcoin exactly one year ago
04:49 today. And even if your average cost
04:51 basis uh was, you know, in that 8 months
04:54 bouncing around between 55 and 70,000,
04:57 even if your average was 65 or something
04:59 like that, again, you’re still radically
05:01 up. You’re not up quite double, but
05:03 you’re up 85%, 90%, whatever that is.
05:06 Um, so if you feel like you’re not
05:08 impressed with the performance of your
05:10 Bitcoin, give it time. Just give it
05:13 time. And at some point, you’ll think,
05:15 “Dang it, I should have bought a whole
05:17 lot more Bitcoin at 110,000. What was I
05:19 thinking? I should have known this was
05:20 going to happen. Now Bitcoin’s, you
05:22 know, in the future 145 call it a few
05:25 months from now. And you’re like, “Dang
05:26 it, it’s 145. Why didn’t I buy a bunch
05:28 more $110,000 Bitcoin? Now it’s 145.”
05:32 Well, then if you actually do buy 145
05:34 $45,000 Bitcoin, you will start feeling
05:36 the same way. You will think, “But wait
05:38 a second. Now it’s sort of chilling. Now
05:40 it’s not really doing anything. What’s
05:42 happening with Bitcoin? Why isn’t it
05:44 performing?” And again, it will be
05:46 performing. You just got to be patient
05:47 and understand that look. If you buy it
05:50 at 145, you’re going to be waiting a
05:52 while until it’s bouncing around at 185
05:54 and then you’re going to be feeling
05:55 good. If you bought it at 90,000, you’re
05:58 probably feeling amazing at 120, you’re
06:00 probably feeling less amazing at 110. So
06:03 no matter what price you pay for
06:04 Bitcoin, time ultimately makes you feel
06:08 amazing about your investment. And
06:09 eventually with Bitcoin, the only thing
06:12 you’re going to like about your
06:13 investment is the fact that you feel
06:16 like you should have bought more. So the
06:18 only thing I regret of all the Bitcoin I
06:20 bought at $6,400 and $9,000 and $12,000
06:24 and, you know, $14,000 in 2017 and 2018,
06:28 the only thing I regret about that
06:29 Bitcoin is that I did not buy way more
06:31 Bitcoin, $9,000 and 11,000 and 14,000
06:35 because I wish I had. You wish I bit
06:37 Bitcoin at every price below today’s
06:40 price. And one day you will feel the
06:41 exact same way. And all the people that
06:44 are new to Bitcoin will be lamenting the
06:46 fact that they got in at 145 and it’s
06:48 been 6 months and it’s not going
06:50 anywhere. And then they’ll wait and then
06:51 it’ll go to 185 and then it’ll go to 210
06:55 and they’ll finally feel good about it.
06:56 It’s just the way it is with every
06:58 investment. It’s not unique to Bitcoin.
06:60 Every investment is like that. Patience
07:02 solves everything in investing. As long
07:04 as you’re investing in the right asset,
07:06 Bitcoin is absolutely the right asset.