00:01 Hey everyone, Bitcoin and all monies are
00:04 constantly trying to spread. The siren
00:07 song of everything you could possibly
00:08 spend money on is constantly trying to
00:11 separate you from your Bitcoin. Now,
00:13 that’s a good thing if your if the siren
00:17 song is being listened to by someone
00:18 else and a bad thing if you are
00:20 listening to that siren song. I talked
00:22 earlier today about a friend of mine who
00:24 sold 97 Bitcoin for $10,000. I also
00:27 talked about someone I knew who sold who
00:30 bought Bitcoin at $5,000 and sold it at
00:33 $20,000. So it the the good thing about
00:36 a money is it does spread ultimately a
00:39 good money like Bitcoin wants to be in
00:40 the hands of everybody. It wants to be
00:43 of course it doesn’t have an you know a
00:45 mind of its own or anything but the
00:46 natural incentives are that that money
00:48 will spread and that it will be used for
00:50 commerce and that it will be used for
00:51 everything. Now, you have to think about
00:53 the good side of this as well, because
00:55 when I was buying my first Bitcoin back
00:58 in 2017, the bit the price was around
01:01 $10,000. I think the average of what I
01:04 bought in uh 2017 and 2018 was maybe
01:08 $9,000. But what if all of the early
01:11 adopters of Bitcoin between 2009 and
01:14 2016 had held their Bitcoin and not been
01:17 willing to sell any of it? Well, then I
01:19 would be buying Bitcoin back then at
01:21 $100,000 instead of at $10,000 or
01:24 $9,000. What if the people today, every
01:27 single person who held Bitcoin today,
01:29 absolutely refused to part with it?
01:32 Well, that means you would be buying
01:33 Bitcoin today at a million dollar per
01:35 coin instead of just $104,000 per coin.
01:39 So, it’s a good thing that Bitcoin and
01:42 all other money spreads naturally. It’s
01:44 a good thing that money naturally wants
01:46 to end up in the hands of everybody that
01:49 could benefit from that money. But you
01:51 have to understand the same incentives
01:52 that are making people sell Bitcoin to
01:55 you are going to kick in and encourage
01:57 you to part with your Bitcoin in the
01:59 future for something you want. So, it’s
02:03 best first of all to if you have US
02:05 dollars to spend those and save your
02:07 Bitcoin as long as conceivably possible,
02:10 but also to understand that when it is
02:13 the right time for you and your family
02:15 and you want to improve you or your
02:17 family’s life in some way, there’s
02:19 nothing wrong with doing that because
02:20 that is the purpose of money. And at the
02:22 end of the day, a lot of people improved
02:24 their lives and the lives of their
02:26 family with the US dollars that I gave
02:29 them in exchange for their Bitcoin. And
02:31 in the future, a lot of people will do
02:33 the same. And eventually when about
02:36 about 3% better at making everything in
02:39 general over
02:43 time, so in the future, Bitcoin will
02:45 just be money. It will go up in value 3%
02:48 per year, and everyone will use it for
02:49 everything. And at that point, you won’t
02:52 have to think about it as both an
02:53 investment and a money. It will just be
02:55 a money. Until then, hold on to it as
02:58 long as you can. Buy as much as you can
03:00 and understand that a thousand different
03:02 things will try to separate you from
03:04 your Bitcoin. And be thankful when you
03:07 every time you buy Bitcoin that the
03:09 reason you can buy it at the price
03:11 you’re buying it for today instead of a
03:13 price that is radically higher price.
03:16 And if nobody was willing to sell it to
03:18 you at $100,000 or $104,000 per coin,
03:21 you would have to pay infinitely more
03:23 than that for your Bitcoin. So that’s
03:25 the way money works. Advice is the same
03:27 as always. Buy as much Bitcoin as you
03:29 can, hold on to it as long as
03:31 conceivably possible, and use that to
03:34 supercharge your finances, achieve
03:36 financial freedom, and if your goal is
03:39 generational wealth for your family,
03:41 then do that, too. Stay safe out there,
03:43 everyone, and have a great night.
