WHAT IS WRONG WITH BITCOIN???

Published November 21, 2025

  • YouTube Video Transcript

    is wrong with Bitcoin? The answer is
    nothing. Nothing is wrong with Bitcoin.
    I’ll answer the two questions in that
    question in order. The first is the
    question that you did not ask, which is
    what is wrong with the Bitcoin network,
    the Bitcoin protocol, the Bitcoin
    monetary properties. The answer of
    course is nothing. Bitcoin is more
    secure, more robust, more decentralized,
    has better monetary properties. It’s
    more divisible, durable, scalable,
    portable, fungeable, authenticable, and
    scarce than it’s ever been in history.
    Bitcoin has better, stronger monetary
    properties than it has ever had in the
    history of the planet. And it’s got the
    best monetary pl uh properties of any
    asset in the history of the p uh planet,
    bar none. So, nothing is wrong with
    Bitcoin, the technology, the network.
    It’s processing billions of dollars
    worth of transactions. Nothing is wrong
    with Bitcoin, the thing. So, that’s the
    first question. The question you didn’t
    ask was, “What was wrong with all those
    things?” And you didn’t ask it because
    there’s nothing wrong with it and
    Bitcoin’s working just fine and it’s
    doing all the things it’s supposed to
    do. The question you did ask or that you
    did mean to ask is what is wrong with
    the price of Bitcoin? There’s got to be
    something wrong with it because we’re
    down here at 91,500. What could be going
    on? All right, so let me answer that.
    So, first of all, over the last number
    of weeks, everything’s down. The stock
    market’s down. Everything’s taking a
    beating. People are scared. People are
    fearful. They’re worried that the
    tariffs are going to catch up with us
    and cause havoc within the economy. That
    massive amounts of inflation is about to
    hit causing havoc in the economy. Uh the
    stock market in general is just down. So
    anytime you see the entire stock market,
    like all the stocks on average down by
    1% or more, it’s going to be a blood
    bath in everything because everybody’s
    running scared. When everybody’s running
    scared, they sell everything, including
    stuff that makes absolutely no sense
    whatsoever. They just sell stuff because
    they’re scared. Uh, one second.
    The analogy I use here is it’s like uh
    when a ship is sinking and they’re
    trying to lighten the load. You may be
    thinking, okay, if you’re trying to
    lighten the load, why would you throw
    the food overboard? Because uh if you
    throw the food overboard, you’re going
    to starve as soon as the, you know, if
    the ship doesn’t capsize. But when
    everybody’s panicking, they’re throwing
    everything over the board. It doesn’t
    matter if it’s light or if it’s heavy.
    It doesn’t matter. this just how easily
    can I get this thing unhinged from this
    ship and chunk it overboard to lighten
    this load. So when everybody’s panicking
    they sell for every reason for no reason
    people just act very irrationally uh
    when they are scared which people are
    right now. Okay. So that is a major
    driver of the selling. A second major
    driver of the selling is this thing
    called the four-year cycle. Now, if
    you’ve watched my videos for a while,
    periodically I’ve told you you should
    read the book uh The Bullish Case for
    Bitcoin by VJ Boya. I’ve done entire
    videos on why uh as soon as we started
    2025, why you should read the bullish
    case for Bitcoin by VJ Boya. And the
    reason is it does a better job than any
    other book I’ve read of explaining what
    is the Bitcoin four-year cycle and how
    do we know if it’s in play or not. So
    the four-year cycle is historically
    Bitcoin’s gone up for three years in a
    row, down for one year, up for three
    years, down for one year, and it’s done
    that pattern mostly from the beginning
    of Bitcoin’s history. And it’s related
    to the Bitcoin having, which doesn’t
    really apply as much anymore, and it’s
    just related to human psychology and
    things like that. Well, uh, because 2025
    has been a muted year on the upside, me
    and most other people in Bitcoin as of a
    month ago would have said, you know, the
    Bitcoin having is not a thing. We’re not
    going to get a huge price correction in
    2026. Uh, because we did not have a huge
    parabolic rally, meaning a a rally that
    looks like a parabola where it just goes
    like zoom, just like through the roof
    like we had in 2011, 2013, 2017, and
    2021. We didn’t have that this year. And
    those price corrections always happen
    because you get these huge price rises
    that are unsustainable where the price
    gets significantly ahead of market
    adoption. And when the price is way
    ahead of actual underlying market
    adoption, it’s going to come back to
    something more reasonable that’s
    reflective of the actual market adoption
    of Bitcoin, which happened every time.
    Uh, and all of those were incredible
    buying opportunities to acquire more
    Bitcoin. But we have not had that. We
    did not have a parabolic rise in 2025.
    The price didn’t go crazy. Yeah, we had
    some all-time highs, but they weren’t
    like radically higher. We didn’t get up
    in the 200,000s or 300,000s or anything
    like that. So, me and most other people
    in Bitcoin land uh believed that it’s
    unlikely that 2026 is a down year. The
    problem is enough people think that it
    might be that they’re trying to frontr
    run that. So, they’re trying to sell
    Bitcoin now so that either they can buy
    it back in 2026 or they don’t have to
    experience the pain of a possible 2026
    downturn. So, in my opinion, that’s a
    stupid stupid strategy. Um, people tried
    people have tried to do this a bunch of
    times and they screw it up almost every
    time. Uh, because they always end up
    selling too early or too late and then
    they always end up trying to reby too
    early or too late. They just screw it up
    almost every time. So, I do not
    recommend that. Additionally, again,
    because we have not had this parabolic
    rise in 2025, it just doesn’t seem like
    we’re going to have a major price
    correction in 2026. Sure, we might go
    through a dip, but I don’t think it’s a
    dip. It probably doesn’t last very long.
    It’s probably not very deep. And heck,
    we’re already in it, so maybe this is
    the dip. Where is the bottom of the
    current dip we’re currently in? I don’t
    know. Nobody knows. Um, but probably way
    shallower than any of the dips we’ve had
    historically. certainly much shallower
    than in, you know, 2012, 2014, 2018,
    2022. Those dips were were they’re
    always measured off the parabolic ultra
    high. So the very peak top, they end up
    you end up with a relatively large
    percentage drop. But again, that’s
    because it ran up so aggressively prior
    to that. So I don’t see that sort of
    correction happening in 2026, which I
    think now makes now a fantastic buying
    opportunity. Um, but enough people are
    scared in general in the economy. Enough
    people are freaking out. Enough people
    are trying to frontr run the possible
    four-year cycle so they don’t have to
    experience the pain. They’re going to
    end up in retrospect, they’re going to
    end up screwing it up just like
    everybody does in the past. They’ll
    screw this up, too. U but right now they
    feel good because they sold their
    Bitcoin at 95 and now it’s 91 or
    something like that. Or they sold it at
    105. It’s just dumb. People are just
    constantly trying to come up with games
    that they are certain are going to beat
    the market. Every time you try to beat
    and outsmart Bitcoin, it beats and
    outsmarts you. So, don’t don’t play that
    game. All right. So, what’s it gonna?
    First of all, how low could it go? James
    Czech says the the lowest it would
    likely ever go is somewhere between 75
    and $85,000. Now, on one hand, you’re
    you’re thinking shocking. You’re like,
    “Oh, no. It went up to 126 and it could
    go as low as 75 to 85.” Well, first of
    all, let let me remind you we went down
    below 74,000 in April of this year.
    What is that like six months ago? I
    mean, so anytime somebody is just
    completely losing their mind because
    they’re like, “Oh no, I cannot believe
    we’re going to crash that far.” It’s
    like, “Wait, you mean to a price we were
    literally 6 months ago?” Like, we dipped
    down just below 74,000 in April of this
    year. You’re saying it’s like you’re
    losing your mind because we might
    retreat back there very temporarily. And
    even back then, we were down there like
    almost no time. So, who even cares? Uh,
    second, 85 is barely lower than we are
    today. So, even if there’s more dip in
    store, it’s pretty shallow compared to
    the pain we’ve already experienced in my
    experience or in my perspective and my
    experience, we have already experienced
    the majority of the pain of this bare
    market. If this is a bare market,
    because we’ve already dropped from 126
    to 91,500.
    There’s just not that much to go until
    you hit hit the uh the uh true market
    mean and the ETF average purchase price,
    the Michael Sailor average purchase
    price, all of those things in the $75 to
    $85,000 range that for a bunch of
    reasons, it’s just highly unlikely that
    we would go below. Um that’s just not
    that much farther to drop. And you know,
    again, I think it’s a fantastic buying
    opportunity, which is I why I bought
    hundreds of thousands of dollars of
    Bitcoin at an average price of
    $95ish,000
    over the last 3 days. Obviously, I could
    have waited and bought it at 91,500
    right now, but nobody knew it was going
    to be 91,500 today. And waiting
    statistically, you’re going to lose. So,
    the odds are against you by more than 5
    to one of buying. So, yeah, I could have
    said, “Hey, 80% chance I’m going to
    lose, 20% chance I’ll win. I’ll take the
    20%. No, if somebody gives me 8020 odds
    on the best asset in the world, I’m
    going to buy it. It’s just that simple.
    Okay. So, um, so that is Bitcoin’s down
    because of that. I’ve got a question
    here. I’m going to try to real time it.
    Do you think another coin will reach
    what Bitcoin has? No. I would not buy
    any other coin. Every other coin
    compared to Bitcoin is trash. That does
    not mean none of them will be of value.
    But look, people were buying the Melania
    Trump coin um you know earlier this
    year, late last year. It’s down 99%. The
    Trump coin is down more than 75%.
    Ethereum is way off its high. Salana,
    Dogecoin, all that stuff. No, everything
    else trends to zero against Bitcoin. So,
    no, I’m not worried about other coins at
    all. This is purely a function of human
    psychology of is the human psychology
    such that what is the bottom? you know,
    where is the bottom? How many people are
    panicking? How many people have weak
    hands? How many people are trying to
    save houses, save businesses, save, you
    know, avoid going bankrupt so they’re
    getting getting forced to sell their
    Bitcoin? How many people are leveraged,
    meaning they bought Bitcoin with
    borrowed money and they’re now getting
    wiped out and they’re getting liquidated
    and all of that? I mean, it’s just
    people do stuff like that all the time
    and it just has to wash out of the
    market and when they when it’s done
    washing out of the market, the
    marketplace is much higher uh or much
    more healthy and therefore can go much
    higher. So, I would say the lowest it
    goes is somewhere between 75 to 85. Um,
    if you want to understand the four-year
    cycle, go read the bullish case for
    Bitcoin by VJ Boyati. I’ve been
    recommending that people read that for
    years now to understand the four-year
    cycle. Uh, which seems relatively
    relevant right now. Again, I don’t even
    really think the four-year cycle is in
    play. I just think we’re getting a
    larger than normal dip due to bad human
    psychology that’s happening right now,
    which because because it’s not supported
    by the facts, which are market adoption
    is really strong. I mean, everything
    about Bitcoin is in in a good place
    right now. So, I it just doesn’t make
    any sense that there’d be a prolonged
    super deep bare market in my opinion.
    Uh, but if you want to understand all of
    that psychology, the bullish case for
    Bitcoin by VJ Boyaotti, it’s on
    audiobook. It’s on Amazon. You can buy
    it all there. Um, yeah. So, I just don’t
    think we have that much farther to go if
    we are going to dip farther. I think
    it’s a fantastic buying opportunity
    right now. I do not regret the Bitcoin I
    bought at $95,000 over the last three
    days. I don’t I don’t regret it one bit.
    Statistically, I had the best possible
    odds for long-term success by doing
    exactly what I did. So, look, if you bet
    that a coin flip’s going to be a heads
    and you get a tails, you don’t regret
    regret flipping it. There’s no way to
    know. You had as good a possibility of
    getting heads as a tails, so who cares?
    Um, and I had, you know, way better odds
    of that. The the upside of buying that
    additional Bitcoin made way more sense
    than the downside of waiting for a dip
    statistically, and that’s still the case
    for every single price point below where
    we are now. So, I would not wait for a
    dip if I had additional capital, which I
    don’t because I spent it all over the
    the last three days. If I had additional
    capital, I would buy a bit additional
    Bitcoin right now, no matter what,
    regardless of the price. I would not
    wait for a dip. Uh waiting for dips is a
    losing proposition. Uh statistically,
    economically, I just would not play that
    game. Um so, I think it’s that simple. I
    think we’re we’re most of the way into a
    you know, a dip as big as it’s going to
    be. It could go lower, sure, but it
    might not. Nobody knows. And uh you
    know, the my advice is the same as
    always. that never changes, which is buy
    as much Bitcoin as you can. Hold on to
    it for as long as conceivably possible.
    That’s the only winning strategy, and
    it’s always been the only winning
    strategy, and it will be the winning
    strategy right now. Like, it’s that
    simple. 100% Bitcoin will set a new
    all-time high sometime in the coming
    months or 2026. I don’t know. It’ll set
    a new all-time high. It’ll blow
    everybody away. Come on. Like, we’ve
    been through this so many times before.
    It’s just it’s obvious where we go from
    here. It’s just time. So, if you have
    additional capital, buy more Bitcoin.
    It’s that simple. If you have additional
    capital, buy more Bitcoin. If you don’t,
    just wait it out. We’re in a dip. Who
    cares? Uh, it’s not going to go that
    much lower anyway. So, that’s my advice.
    Same as always, doesn’t change. Buy as
    much Bitcoin as you can. Hold on to it
    for as long as conceivably possible.
    It’s the only strategy that always wins.
    And I’m here if you need me. If you got
    questions, let me know. I am a happy
    Bitcoin holder. And so you can text me
    at 601-2070813.
    That again is 6012070813.
    Text me questions. You can message me on
    Facebook. Just make sure it’s this
    account. It’s a legitimate account. And
    um yeah, last question somebody asked
    here is I think Bitcoin will reach 125K
    next year. I certainly hope so. It
    should go way higher than 125K next
    year. Um and I don’t even you know it
    ought to be the front end of next year.
    I think I think we easy hit 200,000 next
    year. I mean, it’s just it’s just a
    temporary dip. Who even cares? We’ve
    been here. We have been here so many
    times. So many times. My advice is the
    same. You ride it out. You buy more if
    you can. It’s just not that hard. So,
    have a great day. I’m here to help. If I
    can help calm your nerves, if I can help
    make sure you’re feeling good about
    things, if you have questions, I love
    answering Bitcoin questions. I love
    answering questions about why the
    market’s doing what it’s doing. It also
    gives me great material for doing
    videos. So, if I’m not sure what to do a
    video on and somebody asks me a great
    question about why the price is doing
    what it’s doing or the probability that
    it will dip or whatever, I can run all
    of those numbers and I can spit out a
    video that benefits everybody all
    because somebody asked me a question.
    So, send me questions. I love them. I’m
    here to help. I’m here to be your sherpa
    through the dips, through the rises,
    everything you need. I’m here by your
    side every step of the way so you don’t
    have to freak out. And I’ve been here
    before. I know how it feels. I know how
    it feels at the bottom. and I know how
    it feels at the top. I’m here to help
    you every step of the way. Ask me
    questions, reach out. Anything I can do
    to help, I am here to serve. Have a
    great day. This dip is temporary. We’ll
    be fine. Bitcoin’s fine. All is well in
    Bitcoin.

**Originally recorded 11/17/25**

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Disclaimer:

The content provided in this post is for educational purposes only. It should not be considered financial, investment, or trading advice. I am not a licensed financial advisor, and all opinions expressed are my own. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing in Bitcoin or any other assets carries risk, and you should never invest more than you can afford to lose.

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