Name: "I Just Lost Everything" - WTF Happened To Bitcoin?!
Uploaded: 2026-02-09T14:14:06.000Z
Duration: 16 min 11 s
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Okay, in all seriousness, even though bitcoin was the best performing asset of 2024 and of the last decade, today the tables have completely turned.

Bitcoin is quickly falling down 45% from its all time high.

People are getting their entire accounts liquidated overnight.

And even Michael Saylor, who owns 3.4% of all Bitcoin in existence, is now more than $6.5 billion underwater.

So now that people are once again mortgaging their homes to buy the dip, I think it's critical that we talk about what's happening.

The bull and bear case for today's value.

How bad the sell off could realistically get, why some people believe it could be going down to zero, and

when you should actually buy in based on the data.

And once you see it, you'll understand why this next move matters so much more than anything else that's happened before.

Although before we start, if you appreciate the last minute breaking news videos like this, it would mean the world to me if you hit the like button or subscribe if you haven't done that already.

Yes, I hate asking for it, but it does help out tremendously.

And as a thank you for doing that, here's a picture of a flamingo.

So thanks so much and also big thank you to Incogni for sponsoring this video.

Here's the reason we're seeing a bitcoin sell off.

At this point we really have five catalysts that are responsible for today's price collapse.

As mundane as it might sound, investors are rotating out of speculative assets and into more safe havens as economic uncertainty is increasing.

After all, stocks are trading at relatively high valuations.

Three out of four conditions are meant for AI to be considered a bubble.

And with interest rates expected to remain relatively the same for the next few months, Bitcoin becomes a sell the news event.

Especially as people take their losses for tax loss harvesting.

Most people purchase Bitcoin as a hedge against inflation, a weakening dollar and less purchasing power.

But when the dollar starts getting stronger, there's less of a reason to buy Bitcoin.

Especially with four ETF sales are Amplifying the crash.

When you go and buy an etf, that ETF must go and buy the underlying Bitcoin to hold as a reserve.

Now, even though this works in favor of Bitcoin, when the price is going up and the ETF is buying everything available, it also works in where people sell the etf.

The ETF then has to sell the underlying Bitcoin, causing the price to fall, causing people to sell even more of the etf, causing the price to fall even further, creating a death spiral on top of that.

For instance, a year ago there was the promise of a strategic Bitcoin reserve.

It was assumed that we would just continue printing endless money.

Gold had yet to steal the spotlight and and Bitcoin was positioned to be a dominating asset that would eventually increase to 250, 500,000 and even a million dollars.

But now there's no more good news to look forward to.

Most of the highlights have somewhat neutralized.

Recent cryptocurrency legislation appears to have stalled.

And there's the assumption that if we see another blue wave throughout Congress, they could move to further regulate Bitcoin in a way that suppresses its price, leading to fifth, a loss of conviction.

A lot of investors no longer believe that Bitcoin is a hedge against macro or geopolitical risks for the fact that gold rose 50% in 2025 while Bitcoin fell 7%.

Instead, Bitcoin became a leveraged risk asset that was more so associated with speculative stocks.

Even Deutsche bank said that the recent sell off is more likely about negative retail interest than any one off event.

Or put more simply, people are losing faith that Bitcoin is correlated to anything causing them to sell off, which causes the price to turn fall even further, causing people to lose more interest, causing them to sell off.

Now, before we talk about whether or not this could soon be a generational buying opportunity that retires your entire bloodline or the biggest mistake you're ever going to make, we got to talk about Bitcoin risks.

To break this down, let's start with one of the most respected investors of all time, Warren Buffett.

He's famously said that you can't value Bitcoin because it's not a value producing asset.

If you buy something like Bitcoin or some cryptocurrency, you don't really have anything that's produced anything.

You're just hoping the next guy pays more in essence, this is why he's repeatedly referred to it as a gambling token.

To the point where he wouldn't pay $25 for all the bitcoin in the world.

Now, to clarify on this point even further, he explained that assets to have value, have to deliver something to somebody and there's only one currency that's accepted.

You can come up with all kinds of things.

But in the end, there's no reason in the world why the United States government is going to let Berkshire money replace theirs.

Now, even though this seems like a fairly rational explanation, on the surf surface, his late partner Charlie Munger had much more vulgar things to say.

Like in the past, he's called bitcoin rat poison that will go to zero, that it's crazy stupid gambling.

Anyone who disagrees is an idiot and compares it to, and

I quote, somebody else is trading turds and you decide I can't be left out.

But even though some people have been vehemently against it, others have slowly switched their tune.

For example, Jamie Dimon of JP Morgan previously said that bitcoin was worthless and a tool for criminals.

Although now his firm says that it has better long term appeal.

He previously called bitcoin a bubble, but now refers to it as one hell of an invention.

Years ago he said that bitcoin was an index of money laundering.

But now he admits it's a legitimate financial instrument with potential to outperform the Internet.

That's why I've recently had several analysts come out with some pretty staggering price predictions over the next few decades.

Like Cathie Wood double down on her bitcoin position.

Michael Saylor still believes It'll eventually hit $10 million.

And Robert Kiyosaki has cash in hand to buy more.

However, I'm not going to lie, this could also be the beginning of a much broader and much worse sell off that lasts a lot longer than people expect.

Like Stifle, analysts are expecting it to fall to 38,000.

Previous crashes have been as high as 75 to a 90% loss.

And there's now the narrative that we'll see $50,000 right around the corner.

So in terms of my own plan, what you could do about this and what history suggests is most likely going to happen next, here's what you came for.

Because this might wind up saving you a lot of money.

Although before we go into that, I just got to say the biggest risk right now isn't what you invest in, it's.

If you're anything like me and you've been getting a ton of spam phone calls, emails, phishing attempts and texts, here's the truth.

While everyone is focused on what's happening in the markets, your personal information is quietly getting sold and reused behind the scenes, which ends up costing you time and money without you even noticing.

That's why being diligent is much more than just saving money.

It's about protecting what you already have.

For those unaware, Incogni works by reaching out to data brokers on your behalf, requesting that your personal data be removed, and

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"I Just Lost Everything" - WTF Happened To Bitcoin?!

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