Bitcoin hits the historic $100,000 level as longtime bitcoiners Rejoice celebrate and humbly get to say I told you so while stubborn Skeptics ignorant haters and Perma Bears try their best to hide their salty tears today we tip our hat to all the legends that helped make this Milestone a reality and look forward to the next Milestone of $1 million per Bitcoin and why that reality is all but guaranteed at this point that's right it's over ladies and gentlemen Bitcoin has already won in true Bitcoin Fashion After monstrous run from 60k to 99k bitcoin quietly and
casually crossed the historic $100,000 Mark late last night and I just want to personally take this opportunity to congratulate all the long-term bitcoiners who have been saying this Milestone was inevitable way back when it seemed like an impossible fever dream when you look back at the incredible Underdog Story of Bitcoin and how it literally started from the bottom having a market value of $0 it's impossible not to get a little teey and sentimental from its origin in the dark recesses of the information Network that now spans the Earth where a sole engineer toiled to visualize
and write the original Bitcoin code that is still visible and unchanged to this day to the legendary late hfny who became the first person besides Satoshi to run the Bitcoin software and mine early blocks in 2009 to the infamous llo who became the first person to trade Bitcoin for something in this case a couple of Papa John's Pizzas in the spring of 2010 to Ross ol who became the first person to create an online Marketplace the Silk Road where Bitcoin was the medium of exchange and the unit of account side note free Ross and let's
not forget the incredible early Cipher punks like Adam back David Cham Nick Sabo and many others whose giant shoulders Satoshi stood on in order to create this masterpiece of engineering today all bitcoiners around the world give our heartfelt thank you for making Bitcoin the global economic Juggernaut it is today the hardest part of bitcoin's growth and maturity is behind us in many ways and in hindsight Bitcoin already won way back when it first reached dollar parody where one Bitcoin reached the value of $1 us on the now defunct Mount gaau Exchange in early 2011 $100,000
is the largest and biggest milestone in Bitcoin Short history but it most definitely isn't the last believe it or not we're still in the early stages of the first chapter of Bitcoin story as dictator Vladimir Putin said earlier this week no one can ban or prohibit the use of Bitcoin the truth is it is now a force of nature that can no longer be fought it can only be reckoned with if you're new here this masterpiece from OG bitcoiner and meme Legend biten is an incredible portrait of all the skepticism hate and vitriol Bitcoin and
bitcoiners have faced and are still facing as this world changing technology continues its Relentless march on its monetization Journey towards global domination [Music] [Music] [Music] [Music] for [Music] [Music] [Applause] [Music] [Applause] [Music] [Applause] the [Music] [Applause] [Music] God Sav the coin indeed with this Milestone it will be even harder for bitcoiners not to say I told you so but I implore you to try to stay humble and sober minded even as we cross the $2 trillion market cap Bitcoin is now a short jaunt away from overtaking Google and Amazon on this list of the most
valuable Assets in the world but sometimes correction and rebuke is necessary especially when it's the CIO of $500 billion do asset manager newberger Burman who had the unfortunate of being scheduled on CNBC this morning our boy Joe kernin doesn't mince words here joining us right now is Joe Amato he's the President Chief investment officer at newberger Burman which has $59 billion in assets under management and they're not all in Bitcoin I I don't think they are not they are not maybe they should be given that it's up 47% since uh the election I guess we
we missed it but uh it's been certainly an interesting ride and I I do think there are developments there from a regulatory standpoint potentially legislative standpoint that have built some of that enthusiasm together with a little bit of the sort of animal spirits that have been created since uh November 11th what do you tell clients about Bitcoin well we tell them to be very careful look admitted I've been a skeptic over the years because of some of the things that you you just quoted Powell on in terms of its story value it's not a currency
equivalent right it is a speculative asset and we say be very very careful be very careful we don't have it in client assets right now there are ways to play it through the exchanges uh but but certainly it's getting the attention and we're getting lots of questions 40% since the election but 60% ARR for 15 years or 10 or 15 years so you've missed it we have missed that yeah we did miss the US Equity Market though so we got that which has been a strong performer over he's got that for at least he admits
he overlooked it many haters are doubling down on their distaste for the Juggernaut asset the financial times put out this sorry not sorry article to their paid subscribers who apparently complained about the negative coverage of Bitcoin over the years and the subscribers do deserve a legitimate apology for causing them to miss out on over 200% annualized returns over the last 15 years and let's not forget Peter Schiff who famously tweeted in 2019 that Bitcoin would never hit $100,000 and that it was a Dream well when Bitcoin did hit 100K last night he promptly posted this
it's ironic that Bitcoin only hit 100K by buying off politicians and getting in bed with government without expected government intervention this Milestone never would have been hit what couldn't be done in a free market Market was achieved through the cohesive power of the state shiff a strong proponent of gold was quickly corrected by Linn Alden who responded with the facts governments own like 39,000 tons of gold governments own a bigger percent of refined gold than they own as a percent of the Bitcoin Network at least as far as anyone can tell Alden also posted this
chart showing the excuse narrative for bitcoin's Price pump during the last few bull markets in 2017 it was just a speculative bubble in 2021 it was the stimulus and 0% interest rates today it's now apparently the the election and lobbying I wonder what the excuse will be in 2028 when Bitcoin is knocking on the door of $1 million per coin and don't fret Peter you better believe Bitcoin is coming for the market cap of gold even the sitting chairman of the Federal Reserve Jerome Powell thinks so U people use Bitcoin as a speculative asset right
it's it's like gold it's just like gold only it's virtual it's digital people are not using it as a form of payment uh or as a store of value it's highly volatile it's it's it's not a competitor for the dollar it's really a competitor for gold you know it's that's really how I think of it yep that's the man in charge of setting the price of money and capital across the developed World saying Bitcoin is in direct competition with gold you see over time every single hater detractor skeptic and bear will come around and bend
the knee to bitcoin it's already won but it still will take some more winning before many finally capitulate now that Bitcoin has crossed this massive Milestone I see many amateur takes that we are topping out and now is not the time to buy this is the wrong way to look at it and here's why Bitcoin does go through massive boom and bus Cycles but as it's clear from any long-term chart of the price it is always on a stairstep pattern of up and to the right if you are just buying Bitcoin now for the first
time as it crosses 100K you might be nervous that you're buying the top could 100K be the top this cycle increasing demand from nation states institutions and large corporations tells me it's not but even I'll admit it is possible the main takeaway should be that if you are hoping to jump on this roller coaster rocket ship that is Bitcoin you have to get out of the trader mindset and into the long long term saver mindset Bitcoin is the only fixed Supply asset on the planet Earth as long as adoption is growing the price can only
go up in terms of an infinitely inflating US dollar it's really just simple math like I said earlier the real Milestone was Bitcoin zero to one moment when it hit dollar parody for the first time everything after that from $1 to 100,000 has been inevitable and now from 100,000 to 1 million and Beyond is equally inevitable it has been steadily de-risked over the last 15 years and it only gets stronger and more resilient as it marches forward in its adoption in that regard 0 to $1 and $1 to $100,000 is infinitely more difficult than the
clear skies ahead on its Journey from 100,000 to a million and Beyond it took 15 years to reach this $100,000 Milestone world changing technological leaps like the internet and the digital Revolution that came after it increase in adoption and an exponential rate so it's safe to assume that 100K to 1 million will be orders of magnitude faster than 0 to 100K which is where the Baseline prediction of 1 million by 2030 comes from and at this rate I think even that is a conservative prediction so no you are not too late to bitcoin but I
will caution that if you are buying Here For the Love of Satoshi please plan on holding for a minimum of 5 years the longer your time Horizon the less the roller Coaster's volatility will shake you out stay humble stack SATs and enjoy the ride so when do you think Bitcoin will hit a million dollars let me know in the comments below like this video share it with friends and family and of course subscribe to the channel for more High signal Bitcoin content thanks for watching watching and remember Bitcoin has already won the world is just
still catching on
