[00:01] expansion, whatever you might want to call it. So, I'll go through why in this But, before that, just looking at the market, there's no speculation in market, not just for the price, but the
[00:15] the hot air that comes into Bitcoin sometimes, there's none of that. Bitcoin's at its trend rate of growth. So, it is a good time to buy it. It's not overdone. 70,000 isn't an expensive 76,000 isn't
[00:29] trend. Right? So, just that itself, right? Just from a first principles basis, you're buying strong assets that are going to outperform, and you're buying Bitcoin when there's no puff in it, which is
[00:41] The other things that could have been potential banana skins have all just passed. Kevin Warsh got confirmed. He's kind of dovish on rates, like decent. Um and then you've got the Middle East war, which seems to be tapering down, and it
[00:54] looks like oil and gas prices are going to continue to come off, which gives a sigh of relief, especially governments who need to monetize their debt. And um they can maybe monetize their debt, maybe drop interest rates a little bit,
[01:09] um which eases everything and eases markets, right? That's all pretty good news. Now, maybe we don't pump until after the midterms, There's always something, but we're we're at a decent position here, right?
[01:22] And so, but you might go sideways for 5 or 6 months. decent price, and the potential banana skins are all see the light again. And so, I think it's a really good time. If you do trade
[01:35] anything else, you can trade them all on Bybit. Click the link in the description make a deposit on there, they'll give you a deposit bonus to trade with. I ourselves that there was a reason why Bitcoin would go up. Um the ETFs were a
[01:49] great example, and it did change the price completely. to use the Bitcoin blockchain, people are going to have these circular right? Bitcoin's going to be used by people in
[02:01] none of that matters, right? What matters fundamentally is that the asset itself is somewhat important versus other assets that could be used for the same purpose, right? So, for example, gold or large stock indexes or whatever,
[02:13] We don't There's no reason why Bitcoin has to go up anymore, right? You just know that it's actually fundamentally a better asset than, for value assets. It's going to just seep
[02:26] probably make up a couple of percent of, you know, world savings. That's enough, right? There There doesn't have to be a bigger reason than that. And nothing big is going to happen on, you know, someday. It's just going to be this kind
[02:40] of slow attrition over time of outperformance versus a bunch of other assets because it's fundamentally more desirable than than those, and it has less entropy than those, right? The amount of currency
[02:53] that is in the economy is never ever ever going to go down, never. So, Bitcoin will go up in price because everything goes up in price. Luxury cars, toilet paper, right? Everything If toilet paper
[03:07] up in price. So, don't worry about it, right? It's a desirable asset, and the go down. So, there's nothing to worry about. And when Bitcoin is trading at its trend rate, great news. The 200-week moving average, 20 to 30%, something
[03:23] Um that's fantastic. And it's going to outperform the S&P, most probably, right? And there are going to be individual assets that are more volatile, more risky, that should outperform that.
[03:36] The amount of debt, the amount of currency is not going to go down, right? the debt, right? What he means is we are going to print money cuz that's what we have to do.
[03:49] The amount of debt is going to increase, but what we need is a huge abundance of goods and services. We need productivity to increase. We need to control more of the world's oil and gas so that we can get prices down for that. And that that
[04:03] acts as an inflationary offset to the amount of money that we need to print. But, we are never going to reduce the amount of currency in supply. Just not how it works. Bitcoin's going to go up in dollars and other fiat currencies
[04:15] forever. The amount of debt does not go down. In fact, the debt to GDP could go down a little bit as long as you keep printing the currency. If you get a huge boom of
[04:29] productivity and you control most of the world world's oil and gas and you can keep prices low, then inflation basically is the that inflation, which is currency, right? You need an increase in the
[04:41] amount of currency. Debt to debt to GDP in the '90s, you had a big economic boom as well, right? It keeps going up over time. So, Bitcoin's going to go up. That's it. What we have to worry about is what is the growth
[04:53] which is basically what I'm looking at, and gold, right? growing at 20 to 30%, um the Nasdaq's 20, let's say, and the S&P's 12 to 15, let's say. So, over time, those small percentage differences
[05:09] make a massive massive difference. And buying Bitcoin at its trend rate is know, percentage returns over time. Talking about an asset that might go up Talking about an asset that might go up at 7 or 8 9% more than something else is
[05:23] obviously seriously boring, but that's real investing and saving. And that is over time. And not looking at what is popular today or short-term trading or anything else, right? So, figuring out like what is
[05:36] Is it true that Bitcoin is a better store of value than gold for those same should buy the Bitcoin and not the gold. Oh, But but gold had a really good performance over the last 12 months. You have to think from first principles.
[05:51] No media outlet is going to talk about that. I remember when gold was pumping, everything on YouTube was like gold gold gold, and the thing's down now from its high, and no one's talking about it again. You just can't behave like that.
[06:04] thing is and buy that. Go- Bitcoin is better than gold. Bitcoin rates of growth. Therefore, I should buy that. And it will outperform over a The difference is staggering, by the way. Like if you have a $1,000 to invest
[06:21] and you put it in the S&P at 12%. So, 1,000 * 1.12 ^ 10, you make a 3x, 3.1x on your money, right? If you're putting that $1,000 into Bitcoin at its trend
[06:33] right now, and let's say it goes up at 25% a year, so 1.25 ^ 10, that's a 9.3x. The compounding later on is insane.
[06:46] your retirement fund is going to be massive. what you don't want to go all in Bitcoin, with that growth, you can put And you can be So, you can put less money, put half the money in and still
[07:01] other half of the money that you want to go into something slightly less risky or less less volatile, right? But what is the best asset with the most or anything else. You just have to consistently do that. Sometimes it's
[07:15] The thing The things that were obvious are never really like potentially Ferrari car just launched, right? So, that's in the news. And you've got Jony Ive who designed the inside saying, you know, people are
[07:28] dying because of dumb design, uh touch screens are dumb, we need buttons, requires by definition that you're looking at the display. This is literally BlackBerry. Heh. Right? It's unbelievable how that
[07:43] discussed, right? You're seeing Jony Ive basically selling are dumb and that buttons are good. Oh my god, this is the iPhone guy. This is the guy that replaced buttons with a touch screen and an apps platform. And
[07:58] this guy, because he's being paid, is now saying buttons are good. Whereas, Tesla literally drives itself. You can look at your phone You don't even have to sit in the in the the driving seat. And he's talking about you
[08:11] need buttons because you're driving the car, pushing the buttons. It's obvious, right? It's obvious. You can drive from one end to of America to wheel. You don't need to look at the road.
[08:24] the car and tell tell Grok what you want to do. Sometimes it's really obvious, right? This is Tesla's stock price versus Ferrari. He's literally made a BlackBerry phone
[08:38] when the iPhone now exists. The irony is just unbelievable. Some Sometimes it's really obvious and you just have to have patience and know and it's not about the price of the asset or will it go up right now or
[08:52] anything else. Over time, the truth comes out, right? Cream rises to the top. I believe Bitcoin is a strong asset with high amounts of growth left in it versus the other assets that I would want to put my money into.
[09:06] Right? Gold versus Bitcoin. Bitcoin is the iPhone and gold is the BlackBerry, right? It's pretty obvious and it's just going to slowly wave on, in my opinion. And it's at a great price now versus its trend.
[09:18] for assets, anything else, you can trade them all on Bybit. If you click the link new user, then Bitcoin will give you a deposit bonus. I'm James and this is my managing genius. Cheers for watching and I'll see you in the next one.