listen up guys and to the 10 women that watch me this is probably the most important video you're going to watch all week because we have entered a bull market and if this is your first bull market you need to put on your seat belt and get ready Bitcoin is approaching $90,000 and what I want to talk about today are all the things that I am currently looking at as to where the price of Bitcoin is going to go and when I say Bitcoin I also mean altcoins as well but we are in lifechanging time right now and I mean that seriously and if you don't listen to what I'm going to say you're going to make massive mistakes you're going to be like 99. 9% of retail that will buy the very very top of the market that's what happens retail comes in they buy the top of the market and then smart people begin to sell I'm going to cover all that and more what I want to start out right here if you guys are new here I've been buying Bitcoin for a very long time this I posted on Twitter the other day and I just found it in my email I found it in my email from coin base this is May 21st 2014 so over 10 years ago I paid $5 for Fiverr I think I wanted a website or something and this $5 is now worth $800 or actually closer to $900 0. 01 Bitcoin I was buying Bitcoin and ethereum in 2013 so I've been around the block for a while I've been around the block for a very very long time so I'm just going to talk about what's going on right now the first thing right here this is really important and this is why we have not even begun this B bull market because this little color chart right here what this shows is interest this shows the amount of views for crypto YouTube stations so what Benjamin Cowen says here bitcoin's at 88k and YouTube channels are averaging about a third of what they were in 2021 when we hit the top of the last cycle so we are well above where we were in 2021 but the YouTube views are a third what that means is that retail is not here yet here also shows that retail is not here interest over time 2021 the search term Bitcoin was searched a lot here we have it at 100 right now we are at around 40 or so and the price is higher so that correlates to what Ben said that correlates to the fact that retail is not here meaning everybody is not talking about Bitcoin yet I posted on Twitter today if you're not following me you should definitely follow me I say coinbase is not the number one app store people are not selling digital nft rocks for $2 million like they were in 201 21 we're not seeing Saturday Night Live skits talking about meme coins we aren't even close guys so yeah bitcoin's really high right now but there are so many things pointing to a higher Bitcoin this chart shows it pretty clearly 2012 the price goes higher 2016 Skyrocket 2020 Skyrocket and here we are right now oh wow it looks exactly like it did the last couple Cycles I wonder what's going to happen let's take a look I cover these in all my videos but they're super important right now Bitcoin is around around a 5x from the market cycle bottom and all you got to know is that the last time in 2020 one Bitcoin did a 20x so that would point if we did what we did four years ago another 4X on the price of Bitcoin $9,000 is where we are right now or so times 4 that's around a $360,000 Bitcoin if we take a look at the previous cycle that happened back in 2016 2017 we did a 100x so that would be an additional 5x that would be over a million doll Bitcoin let's take a look right here this is a chart Bitcoin Roi return on investment after the Bitcoin having now if you're new here and you don't know what the having is basically every four years how much Bitcoin that's created gets cut in half so unlike something like gold where let's say the price of gold goes to a million dollars guess what they're going to be digging farther into the Earth to find more gold they're going to do everything they can to increase the supply why because the price has gone up with Bitcoin you can't do that every four years the issuance of Bitcoin gets cut in half it gets haved right so that's what this means Bitcoin Roi after the having we are the little green line here we are at around a 1.
4x the last cycle that ended in 2021 we went to a 7. 8 6X so that looks like a 5x from where we are now $90,000 Bitcoin today Time 5 is $450,000 Bitcoin that's why if my beanie represents the sell button on wherever exchange I'm holding Bitcoin I'm not selling I'm not selling right now the sell button is out the window because everything points to a much much higher price of Bitcoin guys and then we're getting into insanely bullish news Trump which I covered my last video and you may have heard he is insanely Pro Bitcoin JD Vance owns hundreds of thousands of dollars of Bitcoin we have a senator saying that we should purchase a million Bitcoins we have RFK Jr saying we should purchase 4 million Bitcoin by the way 21 million will ever be created and several million have been lost forever so guys this is unbelievably bullish we have Michael sailor purchasing more and more Bitcoin all the time he just purchased another 27,000 Bitcoin at $74,000 a Bitcoin a lot of you guys are like should I buy now is it too high well we have probably the richest man in the world in a couple years buying Bitcoin right now so you tell me and this is important too right now Bitcoin has around a $ 1. 7 trillion market cap gold has a $17 trillion market cap so right there there's a 10x difference gold has a 10x higher market cap than Bitcoin and Bitcoin is better than gold in every single way so let's talk about altcoins and everything other than Bitcoin so when Bitcoin Rockets up altcoins follow taking a look at the winners over the last 24 hours we have Dogecoin everyone knows Dogecoin then we have Kronos cro which I talked about in a previous video the last one I made right here few days ago I said by the way cro is going to go up it was 8 cents then now it is 21 cents so almost a 3X in a few days so I believe a lot of these coins will do very very well so what happens is when Bitcoin goes up it pulls everything else up with it I do not see that Trend ending now do you need to own coins other than Bitcoin you don't need to I think Bitcoin is going to do incredibly well what I showed in this video based on previous Cycles is a $3 to $400,000 Bitcoin conservatively That's not including the fact that the US may add it to their reserves and then other nation states may also add Bitcoin to their National reserves if that happens then all bets are off for how high the price of Bitcoin can go but let's take a look at categories right here last 24 hours we can see that Elon Musk inspired coins are up 44% other ecosystems pump.
