The smart money is buying bitcoin from naïve holders that will one day regret selling

00:01 The smart money or another way of saying
00:04 that is the halves are buying their
00:06 Bitcoin from the have nots right now who
00:09 are selling it. And I wish the have-
00:11 knots would stop. So why do I know this?
00:14 Well, because the trading volume of
00:16 Bitcoin over the last 24 hours was $50
00:19 billion. And for every buyer, there’s a
00:21 seller, which means $50 billion of
00:24 Bitcoin got bought in the last 24 hours.
00:27 And I know that not all of that is smart
00:31 money buying Bitcoin and selling Bitcoin
00:33 to each other. A significant amount of
00:35 that sales is from people with money,
00:38 the smart money buying Bitcoin from
00:40 people who will ultimately one day not
00:43 have that Bitcoin because they don’t
00:44 understand what they’re doing and
00:45 they’re selling it. Now, this has
00:48 happened all the way through Bitcoin’s
00:49 life cycle. And it’s the reason that
00:51 even when Bitcoin’s $1 million per coin,
00:54 there will be a lot more people that
00:55 once upon a time owned Bitcoin than
00:58 there are people who actually still own
01:00 it at $1 million. Now, some of that is
01:04 people who bought it really cheap, made
01:07 a ton of money, and are deciding to
01:09 liquidate some Bitcoin to go on a nice
01:10 vacation or upgrade their house or their
01:13 car or something like that, which is all
01:14 fine. But a lot of that selling pressure
01:17 is average regular people who bought
01:20 Bitcoin and don’t understand what they
01:22 hold. And so maybe they bought Bitcoin
01:24 at 120,000. They don’t understand how
01:27 investing works. The price drops to 115.
01:31 They feel like it’s really not doing
01:32 anything. You know, maybe it goes back
01:34 to 120. They sell it and they’re like,
01:35 “Well, I tried Bitcoin. You know, I
01:38 tried it. Held it for a few weeks, maybe
01:39 a few months. Didn’t really do anything
01:41 for me.” And they sold it. uh and then
01:44 once upon a time at some point in the
01:46 future they will come back and they will
01:48 wish that they had never sold that
01:50 Bitcoin. I have numerous friends many of
01:53 which bought Bitcoin even before I was
01:56 being very public about my Bitcoin
01:57 ownership on Facebook. For example, I
01:60 remember one person who bought a good
02:02 bit of Bitcoin at $5,000 per coin and
02:04 sold it at $20,000 per coin. And this
02:08 individual, you know, they’ll still be
02:09 fine, but they were pretty proud of the
02:11 fact that they made four times their
02:13 money. But the problem is they made four
02:15 times their money. They could have made
02:17 20 times their money. And if they had
02:19 waited even longer, they could have made
02:21 200 times their money. So, it’s pretty
02:23 painful to make four times your money
02:26 when you could have made 200 times your
02:28 money. And guess what? A bunch of smart
02:30 money is going to ride the rest of that
02:32 elevator. So, if you get on on the fifth
02:34 floor of a building, ride up to the 20th
02:36 floor, and then it goes to the 200th
02:38 floor, well, dang, that was quite a miss
02:41 on your part. Uh, pretty unfortunate.
02:44 Um, but people are doing that. So, there
02:46 there’s new people getting into Bitcoin.
02:48 They don’t understand what they’re
02:49 doing. They have not taken the time to
02:51 understand Bitcoin or understand any
02:52 kind of investing. And they either sell
02:54 it at about the price they paid for it
02:56 or with modest gain. And I’ve got
02:58 friends also. I got a friend who bought
03:01 $300,000 worth of Bitcoin back in 2021.
03:04 It the value dropped to 100,000 and he
03:08 sold it all. He was like, “Well, Bitcoin
03:10 is not for me. I lost money.” He lost a
03:11 couple hundred grand. Um, but that same
03:14 Bitcoin had he held on to it would have
03:16 probably been worth a million by now.
03:18 So, uh, again, he’ll be fine. But
03:21 there’s just a whole lot of people
03:22 selling Bitcoin. When you have $50
03:24 billion of Bitcoin trading hands in the
03:27 last 24 hours, a bunch of that is people
03:29 that are going to regret it. And a bunch
03:31 of these smart money is on the buying
03:33 side. So if you look at why is the price
03:36 of Bitcoin basically stuck at 115,000
03:39 for the last day or two, the answer is
03:41 not because corporations stopped buying
03:44 Bitcoin or that high net worth
03:45 individuals stopped buying Bitcoin or
03:48 that nation states states stopped buying
03:50 Bitcoin. What happened is there was just
03:53 enough retail naive investors who don’t
03:56 know what they hold, don’t know how
03:57 investing works, or have gotten bored
04:00 with Bitcoin even though it’s up 100% in
04:02 the last 12 months, and they’re like,
04:04 “Nah, I’ll just sell it.” And they go on
04:05 Coinbase or whatever, and they hit sell,
04:07 and they think, “Well, I tried Bitcoin.
04:09 It wasn’t for me.” And what they don’t
04:11 realize is they’re just missing out on
04:13 this massive epic upside that they just
04:16 didn’t do the work and didn’t have the
04:18 patience to experience. Meanwhile, the
04:21 smart money who’s on the other side of
04:22 that trade is
04:25 uh buying Bitcoin handover fist with
04:28 every dollar they can scrge out of their
04:29 couch cushions because they do
04:30 understand what it is that they have and
04:34 they are not going to panic sell it uh
04:36 in the heat of a moment or more
04:39 importantly when they get bored. So,
04:41 please act like the smart money. Do not
04:44 be the people who sell your Bitcoin
04:47 thinking it’s boring or it’s not for you
04:50 or all of the returns of Bitcoin are in
04:52 the past because with $50 billion
04:55 getting bought in the last 24 hours, I
04:59 promise you it’s uh the price would have
05:01 moved if there were not people naively
05:04 selling who are going to one day deeply
05:07 regret it. I just hope that is not you.