Bitcoin Is About To Hit $100,000!

bitcoin's about across $100,000 and that is going to change the world let me explain Bitcoin is a digital currency that's decentralized owned by nobody started in 2009 and all of a sudden it went from zero and it's about across that $100,000 price point why is that important well first it's around number and humans like round numbers and so it's going to get a lot of attention people can't comprehend the fact that a digital currency could be worth so many dollars but more importantly than that $100,000 signals the fact that Bitcoin is not going anywhere and

so when it was smaller a lot of large Capital Pools big institutions Financial organizations countries Sovereign wealth funds Etc they saw Bitcoin people would tell them to buy it and they always would say the same thing it's too risky and it's too small I have a lot of money if I want to make money I got to put a lot of money to work but when Bitcoin started to get larger it became less risky it's the only asset I know in finance the larger that the price point is the less risky it becomes and now

all of these big Capital Pools can start to allocate so why did I say that the world is going to change well Bitcoin is a reflexive asset this idea of reflexivity is incredibly important it means that as the price goes higher more Capital will pour in which will push the price higher the fact that it is a reflexive asset means that it can accelerate at a very quick speed let's go back to 2020 and I'll show you what I mean Bitcoin was trading around $110,000 in September of 20120 by March of 2021 about 6 months

later all of a sudden Bitcoin was then trading at 64,000 000 that's more than 600% increase in a short period of time why does that happen because when Bitcoin moves the world pays attention as it gets more attention the news is talking about it people from a word of mouth standpoint are telling their friends more Capital pours in it's a finite asset and so that finite asset has to go up in price in order to accommodate everyone it's not like a stock a stock that sees a lot more demand and starts trading higher the company

usually will issue more shares they'll try to satisfy the demand and raise capital no one can create more Bitcoin and so a finite Supply with more demand means the price has to go up that's just economics 101 now here's what's most interesting to me Bitcoin already has had an terrific run over the last year it's up 160% Bitcoin is up 130% year-to date compare the last year of Bitcoin at 160% to a S&P 500 it's only up 30% Bitcoin has destroyed the S&P and the stock market but it doesn't feel like bitco coin is at

all-time highs if you go and you look at Google search Trends they're up but they're not up as much as they were in past bull markets if you go and you look at the news they're talking about Bitcoin but it isn't every single story like it has been in past bull markets and so I believe that we still have a long way to go in this bull market which means that when Bitcoin crosses this $100,000 threshold the world is going to take notice it is such an absurd number for a digital currency that you can't

ignore it anymore there's going to be Financial advisers large financial institutions very big big Sovereign wealth funds and countries that all say now I need to start doing this on top of that we have Micro strategy which just raised another $3 billion that they're going to start buying Bitcoin as well they're literally buying it right now and I think they're one of the contributors that's pushing the Bitcoin price higher and so anytime that you see an asset like Bitcoin going up this much it always begs the question from the critics well what is the actual

use case of Bitcoin that is where I think the Bitcoin Community has done a poor job of communicating we try to sit and defend Bitcoin as if it needs to be the next Global Reserve currency or it needs to be used to buy a coffee in a coffee store but instead holding Bitcoin is the use case there are 8 plus billion people in the world that have their currency devalued thanks to their governments and their central banks they have no way to protect their purchasing power unless they're going to go and spend enormous amounts of

money get mortgages and Bank approvals to buy real estate or maybe they have to go and sign up for brokerage accounts and get approvals to buy stocks but instead Bitcoin it simply says regardless of who you are as long as you have an internet connection you are allowed to buy this asset you can store your economic value in it and it will protect you it will protect you from the central banks devaluing your currency it will protect you from losing your purchasing power that idea was first embraced by individuals then we saw corporations and financial

institutions and now we are knocking on the door of country but everyone has the exact same problem the Fiat currencies in the world are going to be devalued how do I know the United States just crossed over $36 trillion national debt we are adding about $10 billion per day if you look at the last three months we've added almost $900 billion to the national debt these numbers are Bonkers and there is no slowing down in the future instead the national debt continues to grow to the gu and Bitcoin goes up at the same time Bitcoin

is calling the bluff of the politicians it's telling us that the national debt is going up they're going to have to devalue your currency and more and more people want Bitcoin and again if we go back to that idea of a finite Supply there will only ever be 21 million that signals that if you can go and you can buy half of a Bitcoin one Bitcoin two Bitcoin three Bitcoin it's likely to be much much more valuable in the future today's episode is brought to you by bit key they the a hardware wallet built for

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many things that are said on the internet there's many conspiracies that go very quickly because information travels so fast these days but one thing is turning out to be very true the bitcoiners were right they have been calling out the devaluation of the currency they've been calling out the national debt accelerating they've been calling out the fact that a finite supply of a digital decentralized currency would be incredibly valuable in the future the bitcoiners don't get everything right but this they got very right and so this is how markets work people who risk their Capital

to buy Bitcoin early they are generating an economic return more free markets are needed in our society Bitcoin is simply the epitome of it and the more that we can see that these people risked not only their Capital but also reputation in many cases to go and buy Bitcoin early and then hold it which is a very undervalued point imagine buying an asset at a couple hundred and watching it go from a couple hundred to a couple thousand back down to a couple hundred then up to 10,000 then back down to a couple thousand then

up to 20,000 and then back down 80% and continuing to do that over and over and over again through all these Cycles until Bitcoin finally hits $100,000 and you never sold that's the definition of diamond hands and so many people will say that the bitcoiners got lucky but the bitcoiners were right and if bitcoiners are still holding Bitcoin today at 100,000 it means they held through all that volatility I personally believe the buying is easy but the selling is the hard part and there's a lot of people who bought Bitcoin early and at some point

along the journey they stepped off the train they said I've had enough from a return standpoint I don't think Bitcoin has much more to go from here and they simply sold their Bitcoin to somebody else those people are probably regretting it now and so when we watch Bitcoin continue to eyes remember to be gracious in Victory there are plenty of people who don't yet know about Bitcoin they don't understand how powerful the technology is and they don't realize how important it will be for the societies moving forward but instead of gloating instead of dancing on

graves spend the time to educate them welcome them into the Bitcoin Community somebody did that for you and you should do that for them help more and more people learn about this technology because every single person in the world can benefit from it and then as you see stories floating around remember that Bitcoin has no executive team it has no board of directors it has no marketing campaigns instead the only marketing of Bitcoin are the people the holders and the jokeing CrossFit is how do you know someone does CrossFit they'll tell you the same thing

is with Bitcoin how do you know someone owns Bitcoin they'll tell you and so the more that people spread Word of Mouth the more that people educate individuals 1: one there's a Bottoms Up Revolution that is where Bitcoin continues to spread globally there are estimated to be hundreds of millions of holders today I think that eventually there will be billions of people holding Bitcoin we now have corporations that are all competing there's micro strategy and metap planet similar scientific defi Technologies miners like Hut 8 Riot marathon and others every single one of those companies wants

more Bitcoin on their balance sheet Bitcoin is an asset but Bitcoin is an idea and that idea's time has come we are watching history it has been incredible to be on this journey with all of you I just continue to think how fortunate we are to be here right now in this moment I have met hundreds if not thousands of people over the last few years these are everyday Americans or everyday citizens of the globe they're not trying to take over they simply want a better life for them and their families and Bitcoin offered hope

to to every single one of them some of them started off buying $10 a week others already had some money and bought much more but every single one of them saw the same opportunity to take their economic value to store it in a digital asset that was going to benefit as the dollar got devalued to each one of you who did the work congratulations you not only did the work to learn but you also took the time to take action there's a lot of people who said I should have I would have or I could

have but the bitcoiners they're the ones who actually did it and as Bitcoin crosses $100,000 not only is it a great milestone but it's a signal that the bitcoiners were right and the bitcoiners understand we still have a long way to go there are still billions of people in the world who don't understand the technology and don't hold the asset but my guess is that's going to change in the coming years and decades what a beautiful ride we are so fortunate be gracious and Victory and Bitcoin is now closing in on $100,000