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  • Let's talk Bitcoin because I think it was about a year ago right here on my show.

  • I distinctly remember it.

  • You said, Brian, you know, buy Bitcoin, tell everyone to buy Bitcoin, and you said it like three or four times, you know?

  • And you know, not everybody took it on board.

  • Everyone thought they had heard the Bitcoin story.

  • Um, And when I looked back at my numbers, I think Bitcoin back then had, like, $100 billion total market cap.

  • And I think now it's gone to a trillion or it peaked over a trillion dollars in that time.

  • So needless to say, you were right, Let's talk about how you were, right.

  • And then again, you know, as I mentioned earlier, you're picking the next trillion dollar coin.

  • You're giving that thing away for free on this call so people can click the link below and sign up for that.

  • I'm gonna be on there, Um and that's super exciting as well.

  • Talk to me about Bitcoin.

  • I'm guessing you took some heat from that.

  • You took some heat for many years on that because the whole world was saying, this is, uh you know digital funny money, right?

  • Yes, I I took a lot of heat for a lot of years for recommending Bitcoin.

  • People didn't believe it was real.

  • Even when I was on your show.

  • Last Bitcoin, I think, was somewhere between five or a K.

  • And people were saying, Why is this guy telling us to buy Bitcoin?

  • I don't need him to tell me to buy Bitcoin.

  • I mean yeah, okay, I get it.

  • Bitcoin.

  • But we have to understand is it's not just telling somebody what to buy, but when to buy it right That that was within about $1500 of the low of Bitcoin of of last year.

  • And had people listened to me from from from the bottom to the peak, they would have made 11 or 12 X their money in a year.

  • Where else are you doing that?

  • Tesla.

  • Maybe.

  • Like that's it, right?

  • So it's it's Sometimes I'll come to to the marketplace and I'll say, Hey, it's time to buy this coin.

  • There was another coin that I gave away for free several years ago, and people said, Oh, we know this, Yeah, we know what they're doing and I was recommending it at around 80 cents.

  • Well, this year it hit $35 Right?

  • Did you buy it?

  • Right?

  • So that's That's the thing anybody can tell you.

  • Hey, by this by this.

  • But can they tell you when to buy it at the right time?

  • Right.

  • So let's let's talk about Bitcoin for a second.

  • When I was on your show, I said, Here's what you have to understand about the Bitcoin.

  • Bitcoin is a supply and demand story.

  • What I said was that we are on the verge of massive institutional demand and that I said that that demand is set to take off just as the supply of Bitcoin is about to be cut in half.

  • And I said, This is the easiest no brainer, uh, situation to get your head around.

  • You've got an asset that is getting scarcer, but you've got demand that is going to explode to a level that it's never been before.

  • You know, I never went to college, but you don't have to have a college degree to understand supply and demand, right?

  • Correct, correct.

  • It's easy.

  • And then and what happened while PayPal came out and started offering it to their 350 million users.

  • Um, square came out and put it on their balance sheet.

  • MicroStrategy put it on their balance sheet mass mutual put it on their balance sheet.

  • The American Banking Government Regulatory Organization, the 0 cc.

  • Said that banks could put it on their balance sheet.

  • Well, guess what.

  • You've got a finite resource that got cut in half.

  • And now you've got over a half a billion new people can now buy this asset.

  • Was that hard to understand?

  • Was I studying last year?

  • Was I not making sense?

  • Did that that logic somehow not permeate the Internet?

  • Yeah, but a lot of people didn't do it.

  • They didn't take a lot of people.

  • No.

  • No, I did not.

  • A lot of people do it, but I was vilified for suggesting that Bitcoin could explode higher or the Bitcoin was something deserving of of your investment dollars.

  • But now people see again that you made the right call, and now we're seeing crazy things.

  • I would have never predicted this and your deeper into crypto than I am.

  • But to see someone like Citigroup picking Bitcoin to top $300,000.

  • You know, to see these big institutional banks now making it, you know, part of their suggested portfolios.

  • I mean, that's crazy to see.

  • And I guess it says a lot, not just for Bitcoin, but for the future of all crypto.

  • Is that right?

  • Absolutely.

  • It's incredibly bullish for all crypto because, as I've been saying, even since 2018 is the Once Wall Street figures out how to monetize crypto and create feed based products, they are going to run to it with open arms.

  • The reason why they were so negative on crypto in 6 14, 15 16 17 is they had no way to monetize it.

  • But now the at least in the American government has given them a regulatory framework where they can shepherd their users, their customers into Bitcoin and into Bitcoin products.

  • And they are just gleefully rubbing their hands at the billions of dollars in fees that they're going to be able to write off.

  • And so again, I would say to everybody watching here, you've got to remember there's only about 100 million crypto users globally.

  • There's seven billion people on the planet, so we are very early in the adoption cycle.

  • So think of it like buying Apple Computer in 2000 and seven, when just a very small number of people had a smartphone.

  • Versus now.

  • When you know smartphone penetration is huge, it's got to be in the 90% area.

  • So this is a similar situation that will take place not just in Bitcoin but in the entire crypto ecosystem.

  • It's about to go from a very small pool of participants to a massive global pool of participants.

  • And again, I'll say this again and I'll speak slowly.

  • Think about it logically.

  • You have an asset that for 345 years only a tiny percentage of the population could have access to that asset will now be open to a galactic sized planet of buyers for the first time.

  • What do you think is going to happen to the price of those assets?

  • Are they going to go down or are they going to go up?

  • And if they're going to go up, are they going to go up a lot or just a little bit?

  • They're going to explode in price.

  • The valuations of the entire market is going to boom to a level.

  • That seems incomprehensible today.

  • You know, back in 2018, when I when Bitcoin was a K and I said it was going to 40 people wanted to string me up.

  • Now we have Citigroup saying it's going to $318,000.

  • But I was irresponsible for saying it would go to 40 K.

  • Yeah.

  • Wow.

  • Not my words.

  • Mm.

  • My mom.

  • One for more, more mhm.

Let's talk Bitcoin because I think it was about a year ago right here on my show.

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BITCOIN | It's not just about what to buy it's when to buy - Teeka Tiwari

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    林宜悉 posted on 2021/03/22
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