You did NOT “miss the boat“ of Bitcoin! You are not “late to the party.”

00:01 Hey everyone, you did not miss the boat
00:03 with Bitcoin. Everyone’s worried that
00:05 they got to the party late, the party’s
00:08 almost over, that it would have been an
00:10 amazing opportunity to buy Bitcoin if
00:12 they had just done it sooner, but now
00:15 the party’s over. They missed the boat,
00:17 all this sort of stuff. None of that is
00:19 true. We are incredibly early in the
00:23 adoption of Bitcoin worldwide. Something
00:25 like 4% four 4% of Americans own
00:29 Bitcoin.
00:30 96% of bit of Americans own zero
00:34 Bitcoin. Zero. The total worldwide
00:37 adoption of Bitcoin is 3% 3% of the
00:41 people on the planet own Bitcoin. 97% of
00:45 the people own zero Bitcoin. So picture
00:48 this. You’re going to a party and
00:51 there’s expected to be 300 people. And
00:54 you get to the party and there’s only
00:56 nine people there. You’re so early that
00:58 there’s only nine nine of the 300 people
01:01 that are expected to come to the party
01:03 are there. And you throw up your hands
01:05 and leave because you’re like, I’m late.
01:07 I’m late to the party. 3% of the people
01:09 are here. Three out of 300. Uh or sorry,
01:13 nine out of 300. 3% of the people are
01:15 here. I’m late to the party. I’m just
01:16 going to go home. Give me a break.
01:18 You’re not late to the party. 3% of the
01:21 world has adopted Bitcoin. and you feel
01:24 like you’re late to the party.
01:26 Yesterday, the first major country
01:28 adopted Bitcoin as a strategic reserve
01:31 asset, the United States, when Donald
01:33 Trump um created the strategic Bitcoin
01:36 reserve literally last night. Literally
01:39 less than 24 hours ago, the first major
01:41 country established a strategic Bitcoin
01:45 reserve less than 24 hours ago. And the
01:48 price is still at the basically the same
01:50 price for the reason I explained this
01:52 morning as it was uh yesterday before
01:54 that happened. So you can still buy
01:56 Bitcoin for cheap right
01:59 now. So let’s recap. Almost nobody owns
02:03 Bitcoin yet. The people who do own
02:06 Bitcoin, it is a very small percentage
02:08 of their holdings. Uh almost nobody on
02:11 the planet is like me with 99% of my
02:14 liquid assets in Bitcoin. I’m an extreme
02:16 anomaly with 99% of my liquid assets in
02:20 Bitcoin. Now, I don’t own as much
02:22 Bitcoin as some people think I do for
02:24 reasons I’ve covered in a video that I
02:26 titled why I don’t own more Bitcoin or
02:28 something like that. I forget the title.
02:30 Um, and it has to do with the fact that
02:31 I spent a ton of my financial resources
02:34 on politics and public policy to make
02:36 the world a better place between 2014
02:39 and 2021. But of what is what was left
02:42 of my financial resources um after that
02:46 8 years burning through vast quantities
02:48 of uh money in the political process um
02:52 of what is left 99% is now in Bitcoin.
02:56 99% that’s my level of conviction. Um
02:59 but very few sovereign you know
03:02 sovereign wealth funds own any Bitcoin.
03:04 Almost no sovereign nations own Bitcoin.
03:08 Uh even the United States, the initial
03:10 strategic Bitcoin reserve is being
03:11 funded with uh Bitcoin that they had
03:13 from a uh seized assets back in 2014,
03:17 more than 11 years ago. Uh but the US
03:20 government will buy more Bitcoin and
03:21 more come countries will start
03:23 establishing strategic reserves. So if
03:25 you feel like you’re late to the party,
03:27 there has never been, I’ll just assure
03:29 you, there’s never been a better time to
03:31 buy Bitcoin. There’s never been a time
03:33 where the risk profile of Bitcoin was
03:36 lower than it is today. Right now, the
03:39 bis the risk profile of Bitcoin is the
03:41 lowest it’s ever been in history with
03:43 the largest and most powerful the
03:45 largest economy in the world and the
03:47 most powerful country in the world being
03:48 the United States um establishing a
03:51 strategic Bitcoin reserve last night. Um
03:54 the upside of Bitcoin as compared to the
03:57 risk has also never been higher. So
03:59 think about it. Uh right now the price
04:02 is only about 30% higher than the day
04:05 before Donald Trump was elected
04:06 president as a very pro- Bitcoin
04:08 president. The price is only 30% higher.
04:11 Well, the regulatory and legal and
04:14 political and tax environment for
04:16 Bitcoin is 300% better than before
04:20 Donald Trump was elected. So the price,
04:23 you know, the environment is 300%
04:25 better. the price is only 30% up which
04:28 tells you that 9/10en of the benefit
04:30 that will ultimately acrue from having
04:32 Donald Trump as president uh rather than
04:35 Kla Harris as it relates to Bitcoin 90%
04:38 of the benefit of that is not yet
04:40 reflected in the price uh the Bitcoin
04:43 exchange traded funds that were approved
04:45 one year ago on uh in January of 2024 uh
04:49 probably 10 10xed the total market yet
04:54 the price is less than double from the
04:56 day those were approved right now. So
04:59 the prices had less than doubled except
05:03 the total sort of reach of the Bitcoin
05:05 ETFs probably expanded by 10x the total
05:09 number of people that could easily buy
05:10 Bitcoin with the push of a button. So
05:12 it’s doubled but double is way
05:15 different. You know double is 2x not 10x
05:18 you know the other 8x is yet yet to be
05:21 felt. like there’s a huge huge huge
05:24 amount of upside uh still there. So
05:28 bottom line on Bitcoin is we are still
05:30 very early in the adoption
05:32 process. 9 cents everybody felt like
05:35 they were late to the party and they had
05:36 missed the boat because they could have
05:39 gotten it for less than one penny uh few
05:41 weeks or a few months sooner. And at 90
05:44 cents everybody felt like they had
05:45 missed the boat. They were late to the
05:47 party because if they were going to buy
05:48 Bitcoin, they should have done it at 9
05:50 cents when they first heard about it,
05:52 not at 90 at the time that they’re
05:54 they’re thinking these thoughts.
05:57 $9. Everybody was saying, you know what?
05:60 If I was going to buy Bitcoin, I should
06:01 have done it at 90. Now it’s $9 and I
06:06 should have bought it at 9 and I’m not
06:08 going to buy it at $9 because it’s so
06:10 expensive now. $90. People were like,
06:12 “Well, if I’m going to buy Bitcoin, I
06:14 should have bought it at $9. Now it’s
06:16 $90. Now it’s so expensive. I missed the
06:19 boat. I’m late to the party. I don’t
06:21 want to be the last one in.” You know
06:23 who, you know? And then same thing at
06:25 $900, people thought, “Well, if I was
06:27 going to buy Bitcoin, I should have
06:28 bought it at $90, not $900.” At $9,000,
06:32 everybody was saying, “Well, if I was
06:33 going to buy Bitcoin, I would have
06:35 bought it at $900. Now it’s $9,000. Now
06:38 it’s so expensive. I feel like I’ve
06:40 missed the boat. I feel like I’m late to
06:42 the party. So, here we are at $90,000.
06:45 And do you know what people are saying?
06:47 They’re saying the exact same thing they
06:49 were saying 16 years ago or 15, you
06:52 know, 14 and a half or 15 years ago when
06:54 Bitcoin first had a price. They’re
06:55 saying the same thing. Right now at
06:57 $90,000, people are saying, “If I were
07:00 going to buy Bitcoin, I should have
07:01 bought it back when it was $9,000. Now
07:04 it’s $90,000. Now it’s so expensive. I
07:06 feel like I’ve missed the boat. I feel
07:08 like I’m late to the party.” Do you know
07:10 what people are going to be saying when
07:11 Bitcoin is $900,000 a coin? I can tell
07:14 you. I can tell you right now. I know
07:16 exactly what people are going to be
07:18 saying when Bitcoin is $900,000 a coin.
07:21 They’re going to be saying, “I should
07:23 have bought Bitcoin at
07:24 $90,000. I don’t want to buy Bitcoin now
07:27 at $900,000 because I feel like I’m late
07:29 to the party. I feel like I missed the
07:31 boat. And if I was going to buy Bitcoin,
07:33 I should have bought it back when it was
07:34 $90,000.” Now, guess what people are
07:37 going to be saying when Bitcoin hits $9
07:38 million a coin? I can promise you. I
07:41 know exactly what they’re going to be
07:42 saying at $9 million a coin. They’re
07:43 going to be saying, “If I was going to
07:45 buy Bitcoin, I should have bought
07:46 Bitcoin at $900,000 a coin. Now it’s so
07:49 expensive at $9 million a coin. I feel
07:52 like I’d missed the boat. I feel like
07:53 I’m late to the party.” This is
07:57 crazy. Nobody’s late to the party.
07:59 Nobody missed the boat. The vast
08:01 majority of the upside of Bitcoin is
08:03 ahead of us, not behind us. The vast
08:06 majority of the adoption of Bitcoin is
08:08 ahead of us, not behind us. There’s
08:11 incredible opportunity to buy bit
08:14 Bitcoin when it is massively massively
08:17 massively derisked. So yeah, if you had
08:20 bought Bitcoin when it was cheaper than
08:21 now, you would have more upside in the
08:23 future and the past than you do right
08:26 now buying Bitcoin. But the risk profile
08:28 was radically higher in the past. So
08:31 everybody thinks they wanted to buy
08:32 Bitcoin back when it was a lot cheaper.
08:34 And they don’t realize, yeah, but back
08:36 when it was a lot cheaper, it was a lot
08:38 cheaper because the risk was a lot
08:41 higher. It was a lot less certain that
08:43 Bitcoin would be the future monetary
08:45 system of the world. It was a lot less
08:48 certain that the United States
08:49 government would adopt a strategic
08:51 Bitcoin reserve. It was a lot less
08:53 certain that Bitcoin exchange traded
08:56 funds would ultimately launch and become
08:58 the most suess successful exchange
09:00 traded funds that have ever launched on
09:02 the in the stock market in the history
09:04 of the stock market. All of that was
09:06 unknown. All of that was uncertain. Now
09:09 all of that is known. Now all of that is
09:11 certain. All of the worldwide adoption
09:13 of Bitcoin, the stability of Bitcoin,
09:15 the security of Bitcoin, you know, the
09:17 infallibility of Bitcoin, all of the
09:20 things that we know now that Bitcoin is
09:22 more than 16 years old are all in the
09:25 past, which means all of that risk
09:28 associated with those things is now
09:29 gone, making, in my opinion, Bitcoin
09:32 probably the safest investment in the
09:34 entire world right now. If somebody
09:36 said, “Joel, invest in something and
09:39 don’t worry about upside, just worry
09:42 about absolute certainty and safety.”
09:45 Would pick Bitcoin. I would pick Bitcoin
09:48 because Bitcoin is demonetizing gold. In
09:50 the in the past, most people would have
09:52 said gold. They would have said, “Okay,
09:54 if if all I’m worried about is downside,
09:56 gold, at least has been around a long
09:57 time.” But gold was only valuable
09:60 because of its monetary properties.
10:02 Bitcoin has radically better monetary
10:04 properties than gold, which means I
10:06 think Bitcoin is the most certain
10:08 investment a person can make right now.
10:11 Now, in the short term, it will go up
10:13 and down. In the short term, it is
10:14 volatile. But it is only volatile
10:16 because it’s early in the adoption
10:18 cycle. And all technologies, all assets,
10:21 all financial instruments are volatile
10:24 when they are early in the adoption
10:26 process. Late in the adoption process,
10:29 they are not volatile. But late in the
10:31 adoption process there also the massive
10:33 upside that everybody wants is not
10:36 there. So once something is no longer
10:39 volatile it no longer has the huge
10:41 economic upside of ear of in the early
10:43 adoption stage. All things that are
10:46 early in the adoption stage are
10:48 volatile. 100% of things that have a
10:50 long a high long-term potential return
10:54 100% of them are volatile in the short
10:56 term. and they are volatile in the short
10:58 term because adoption is not a linear
11:01 straight line. Uh it’s just everybody’s
11:04 doing different things. News articles
11:06 they’re hitting every different day that
11:08 makes people wonder how long and you
11:09 know how quickly Bitcoin will be
11:11 adopted, how fast it will be adopted,
11:14 you know, the the pace, you know, in
11:16 which countries, you know, how fast, all
11:18 this sort of stuff. There’s just a
11:19 million moving parts. Um so we are very
11:22 early in the Bitcoin adoption life
11:23 cycle. Uh it’s I in my opinion the
11:26 lowest risk thing you can invest in
11:28 right now if you can stomach the
11:30 volatility and the highest upside thing.
11:33 It’s just an incredible time to invest
11:35 in Bitcoin. And I know in the future a
11:38 bunch of people are going to tell me,
11:39 Joel, I really, really, really wish I
11:41 had bought as much Bitcoin as I possibly
11:43 could below $90,000 per coin, but and
11:46 I’m going to say, well, why didn’t you?
11:48 And they’re going to say, well, because
11:50 I felt like I had missed out. I had felt
11:51 like I missed out. I felt like I was
11:53 late to the party. I felt like I had
11:56 missed the boat. And I’m here to tell
11:59 you, you haven’t. And those that listen
12:01 will buy more Bitcoin. And those that
12:03 don’t will find out 10 years from now
12:06 when Bitcoin’s weigh million dollars per
12:09 coin that they did indeed miss the vote.
12:12 And they are indeed late to the party.
12:15 And dang, wouldn’t it have been nice to
12:17 buy a ton of Bitcoin for a radically
12:20 cheaper price than what you’re going to
12:22 have to pay in the future? You’re going
12:24 to have to adopt Bitcoin eventually.
12:25 It’s inevitable because otherwise you’re
12:27 just going to lose purchasing power
12:28 because everything else loses money. So,
12:30 you’re going to have to adopt it
12:32 eventually. The question is, you know,
12:33 do you adopt it early in the cycle or
12:36 late in the cycle? And right now, ladies
12:38 and gentlemen, it is early in the
12:40 Bitcoin worldwide adoption cycle. So go
12:43 buy as much Bitcoin as you possibly can
12:45 and hold on to it for as long as
12:46 conceivably possible. And in my opinion,
12:50 even though this is not financial
12:51 advice, that is the best investment
12:53 decision a person could make. That is my
12:55 personal opinion. Have a great day,
12:57 everyone.