[00:01] was a scam that had no value, that it was going to disappear, but little by little the price began to rise despite all the criticism. $1,000 in 2013, $19,000 in the criticism. $1,000 in 2013, $19,000 in 2017, $69,000 in 2021, $70,000, $80,000, $ [00:16] 2017, $69,000 in 2021, $70,000, $80,000, $ 120,000 has arrived in 2025. Time and time again as if nothing could stop it, and obviously there are sharp drops, but at the [music] from those forums of anonymous people, of [00:30] people started buying, but it was still considered a risky bet, but now we have entered new territory, Wall Street. The same people who called it [music] fraud, the same people who said it was worthless, are the ones who [00:44] are coming in today. And this changes everything completely, because we are no longer talking about millions of dollars invested. If Wall Street gets involved, capital that can make prices rise like crazy. Much more than we [00:57] could imagine today and much more than we imagined 5 years ago. But this raises a new, more worrying question. What happens when the system that Bitcoin was meant to replace ends up entering and controlling [01:10] happening now with Bitcoin, you first have to understand why it was created. Because if you don't understand the origin, you can't understand the present. Bitcoin wasn't created to make people rich, it wasn't created as an investment, it was created as an answer to a [01:24] problem. And that problem was the 2008 financial crisis. At that time, the traditional financial system was on the verge of collapse. Banks failing, governments bailing them out with public money, people losing their savings, and [01:38] meanwhile, the same institutions that had caused the problem were still controlling the system, and that's where Bitcoin comes in. In 2009, an individual or group under the name Satoshi Nakamoto published the Bitcoin white paper [01:53] and executed the first block of the Bitcoin network. And within that block, he leaves a message that perfectly summarizes the context, a reference to the bank bailouts that were happening at that time. [02:07] Bitcoin was born with a very clear idea: to create a system where money does not depend on banks, governments, or intermediaries. A system where you are in control, where money cannot be printed without limit, and where [02:19] no one—this is very important—can decide for you. The fact is that at first Bitcoin was something completely marginal. It was used by developers, forum users, highly technical profiles, and it had no real value for the market. [02:33] But little by little something interesting began to happen . Each cycle more people discovered it. First a small community, then curious investors, then the general public. To give you an idea of ​​the change in scale, [02:45] during its early years Bitcoin had a virtually insignificant market capitalization, and today Bitcoin moves in figures close to one trillion dollars in market capitalization at different times in the cycle. One of the first [02:59] real-world exchanges of Bitcoin for a real-world asset was 10,000 bitcoins for two pizzas. So you can get an idea of ​​what it was worth at that time. We received those 10,000 bitcoins, right? That means we're no longer talking [03:14] about an experiment; we're talking about one of the most important assets in the financial world. And this is where the key change long time Bitcoin's growth was driven mainly by [03:27] individual investors, but now we are increasingly seeing the entry of large players from the traditional financial system , funds, managers, institutions. And that completely changes the scale of the game, [03:40] said before, we're talking about trillions of potential dollars that can enter this market. And what does this really mean here? It's where many people only stay on the surface. They think, "Okay, if Wall Street gets involved, the [03:54] price will go up and that's it." But the change is much deeper because it's not just the money coming in that changes, it's the type of player. And when the market behavior changes. Bitcoin used to be much more emotional, [04:07] now it's becoming increasingly strategic. Previously it was dominated by individuals, by retail investors. Now, professional capital is becoming increasingly important, and this connects directly with everything we 've seen in the previous video, because [04:20] the market moves the way it does, because there are phases where everything seems to be under control, and because we increasingly see movements linked to the macro context. So if you have to take away one idea from this first part, it's [04:33] this. Bitcoin hasn't changed in its essence, but who is entering this game has changed, and that's what 's completely transforming the market. Because if you understand this, the next question is inevitable. How [04:45] has Bitcoin gone from being an internet [snort] game to becoming an ? And above all, what does that mean for its price and its evolution in the coming years? Okay, so now that you understand where [04:59] Bitcoin comes from, let's get to the important part: how we went from something used by four people in forums to an asset where the world's largest funds are now investing happened overnight, it has been a process that has occurred [05:12] cycle after cycle. Bitcoin hasn't risen in a straight line; it has grown in cycles, in very strong rises, followed by very hard falls, right? And then it starts all over again first major cycles where Bitcoin went from virtually nothing to over [05:27] $1,000. In 2017, the next big leap came when it reached almost $0,000. It was no longer just a matter for forums and geeks on the deep web. The media were already starting to talk about it and many people entered for the first time and then came the one that made it [05:41] explode in 2021 where it reached practically $70,000. But something different happened here. It was no longer just retail investors entering the market; companies, funds, and more sophisticated investors were beginning to appear. And now in this cycle [05:53] we are seeing the next level which is the real entry of Wall Street. And this previous cycles, although there was already institutional interest, it was still limited, but now we are seeing something completely different. We are seeing [06:06] that transformation phase where capital begins to flow massively into already know that, mainly through Bitcoin ETFs. any traditional investor to have exposure to Bitcoin or buy Bitcoin [06:21] from their bank, their broker and in a regulated manner, without having to buy actually be the smartest thing to do, but without wallets, without private keys, without technical complications. And this has opened the door to an amount of [06:34] capital that previously simply couldn't enter. To give you an idea of ​​the first few months since the approval of ETFs, inflows of billions of dollars have been seen. And now imagine this on a global scale. [06:49] Pension funds, wealth managers, banks - we're talking about entities only a small percentage of that capital decides to allocate it to Bitcoin, the impact on the price could be enormous. And here's the key difference. Previously, [07:02] from the public. Now Bitcoin can rise because institutional money is coming in. And it's not the same, because institutional capital is larger, more patient, and operates with much clearer long-term strategies. But it [07:15] also has another side; it is much colder, more strategic, and more focused on maximizing profits. It doesn't fit in because of the philosophy market dynamics. In fact, if you talk to Bitcoin people, who are very loyal to [07:29] "Holy crap, what a load of crap this capital is bringing in ." Because Bitcoin is decentralize you, to truly give you real control over your capital and your assets. But that's why, if you compare Bitcoin from 5 or 10 years ago with [07:43] the same market. And although the asset is the same, today Bitcoin is much more connected to macroeconomics, interest rates, global capital flows, and the decisions of [07:55] large institutions. It is no longer an isolated market, it is a market integrated within the global financial system and that has a positive side and a super important consequences because it means that the movements can be [08:10] bigger, but also more controlled, as I said before, and more comes the big question. If Bitcoin continues to grow and more capital flows in, and if adoption increases, how high can its price really go [08:23] how much profit margin we have. Or for example, another question: does it make sense to think that it will continue to rise no matter what in the coming years, or are we already in a phase where exponential growth is going to slow down? Because this [08:35] is where the cycles, the halving, and [music] the underlying Bitcoin itself come in. And that's exactly what we're going to see now. Because, look, all this is fine the market has evolved and who is entering, let's get to what really [08:49] sense to think that Bitcoin can continue to rise in the coming years, or are something that, if you understand it well, market, and it has worked incredibly well for me. Bitcoin doesn't rise by [09:03] chance. Bitcoin is rising because it has an underlying asset, unique properties, and because it is designed to behave bullishly in the long term. And if you look at the Bitcoin chart throughout its history, you'll see something extremely expensive. It's not a [09:16] random rise, it's a pattern that repeats itself over and over again every 4 years or so. And it's also partly because a key event occurs, know about Halving, Halving is an event in which the reward that [09:30] miners receive for validating blocks is reduced by half. Therefore, words, from one day to the next, the number of new bitcoins entering the market decreases, as does the supply of new bitcoins entering the market, and the band remains the same or even larger, which [09:44] price. And there will be many people who will tell me, "Damn, but this halving isn't directly linked to a halving, so that's why the price goes up, right? But that is a characteristic that makes Bitcoin [09:57] after each halving, we have also seen major bull markets. Let's look at it quickly with numbers so you understand it better. In the 2012 halving, Bitcoin went from $10 to over $1000. In the 2016 halving, it went from $600 to $19,000. The [10:14] 2020 halving goes from $8,000 to $69,000. And in 2024 we had the last halving and went from $1,000 to $125,000. So, now let's move on to another absolutely key concept: the offer. Bitcoin [10:28] million units. That's all. No more can be created, and fewer and fewer are being fewer bitcoins are coming onto the market. To date, 90% of all [10:40] on the market and the other day we passed exactly that figure, 20 million bitcoin tokens on the market. There are less than 1 million left to go. And that means that what remains to be broadcast is getting [10:54] smaller and smaller, and every day it gets smaller, and every 10 minutes it gets even less. And that, combined with the influx of new demand, creates a very interesting upward pressure, supply is limited and demand continues to grow, the long-term price [11:08] supply and demand and obviously it will have upward and downward cycles, but this is where the most important part of this cycle comes in. Demand, as I've been explaining throughout the video, is no longer the same as before. Previously, demand came [11:22] individual investors, and now we are seeing something very different. Bitcoin ETFs traded in the United States, which in just a few months have accumulated tens of billions of dollars in assets under management. Large asset managers like [11:36] BlackRock, Fidelity, and Greycale are offering Bitcoin exposure in banks that previously claimed Bitcoin was going to zero, that it was a scam, telling their clients, "Hey, I have a small investment fund here to put [11:48] also expose yourself to a new, young, technological, digital asset that long-term growth potential. Damn, I remember when I moved to Andorra 5 years ago, the banks told me, "You can't say here that you're investing [12:02] in Bitcoin or that your company is about learning in the crypto sector." And I remember telling them, "They'll come to us asking how to get into buy it too, and how they can offer it to all their customers." And the fact is that more and more [12:15] people, more clients, see Bitcoin as a possible investment arm or portfolios. And this is key because you don't need everyone to buy small part of the world, those investment funds, those hedge fans, all of them to [12:29] start allocating capital to this asset. And when we talk about global capital, we're talking about trillions. Bitcoin top 10 assets in the world, competing with companies like Apple, [12:42] Microsoft, and La Plata. And this is just the beginning because if Bitcoin digital gold, it still has a long way to go . The gold market, for example, is worth over 30 trillion US dollars. And what is [12:56] Bitcoin's current market capitalization ? Less than 1.5 trillion, 20 times less. And that means that even without extreme scenarios there is room for growth if part of that investment continues to be obtained in gold and [13:11] Bitcoin continues to be seen as that safe haven, partly in the long term, as a digital gold asset. So, does it make sense for it to keep going up? Well, the short answer is yes, but not in a linear way. Bitcoin doesn't rise in a straight line; it rises in [13:25] cycles with phases of euphoria, exponential phases, and phases of hard fall, phases of capitulation where there is fear, and then also, obviously, phases of and where we wear down the market. [13:37] But if you look at the underlying trend, what you see is higher lows, higher highs, and increasing adoption. That's why, when obsessing over the short term and start seeing the market from a different [13:49] start seeing the market from a different perspective, because Bitcoin's value doesn't rise for no reason. And this is what I want the people around me to understand. and we all see it as much more pessimistic; we were at 125,000 and now we're at [14:02] 68,000, that's clear, but now is when the best investors are made, when there is that fall, that final capitulation, that's when we have to be prepared to n't know, everyone do what they want, I will be because it will be a good time [14:15] to create generational wealth, because Bitcoin is designed to be scarce, because its omission decreases over time and because there is more and more capital interested in it. And when you put those three things together, you understand why [music] [14:29] still makes sense in the long run as a brutal growth asset interesting part of the whole video, because if Bitcoin continues to grow, if more and more money flows in, and if there is more and more institutionalization, then could [14:44] institutionalization, then could Wall Street end up controlling Bitcoin? Could the very system that Bitcoin was meant to replace end up dominating it? Let's take where we get to the most interesting and also the most delicate part of the [14:58] all this it's normal to ask yourself this question. If more and more institutional money, ETFs, and large funds are buying Bitcoin, could Wall Street eventually control Bitcoin? Well, the short answer is yes, they [15:11] can certainly have an influence, but it's very difficult for them to control it. And this is extremely where many people get confused. Influence is not the same as control. something very simple. Influencing the price is not the same as controlling the network. [15:27] Institutions can undoubtedly influence the market. If billions come in , the price goes up. If they all decide to organize themselves to sell and go down. Clear. And if they manage large positions, they can generate [15:40] significant, rapid movements that create a lot of volatility. And that's true, but that happens in any financial market in the world. Now, controlling Bitcoin is a completely different story because Bitcoin is [15:52] a business, meaning there is no CEO leading this business, no one who can change the rules of how the Bitcoin game is written. distributed network of thousands and thousands of nodes spread all over the world. And [16:07] each of those nodes validates that the system is working and that those rules are not changed because someone has a lot of money; they are changed only if there is consensus within the network. Furthermore, Bitcoin's security depends on its [16:19] hash rate, on all the computing power behind it. And that high rate is distributed globally. And for someone to truly control Bitcoin, they would need to control a huge part of that network and have an [16:32] absurd amount of resources, and do so without the rest of the network reacting. And in practice this is extremely unlikely, not impossible in theory, but very unrealistic in the real world. So what's [16:45] is taking control of Bitcoin. What we are seeing is something much more interesting. Bitcoin is being absorbed by the traditional financial system, and this has two sides. On the one hand, it's a huge opportunity [16:57] because it means, as I've said before, a lot of capital, and that can push the price to levels that were previously unthinkable. When I entered at 120,000. when I started to investigate a little more. Yes, but on the [17:10] other hand, the market dynamics will also change the market, it becomes more influenced by the macroeconomy, more strategic, and less chaotic than in the early years because Bitcoin will continue [17:24] to be decentralized. And now I'm going to share an important thought with you because this is clear idea. Bitcoin has not changed, it remains scarce, it remains decentralized, it still works without intermediaries. What has changed is [17:37] who is playing in this market now, and that is not necessarily a bad thing. In fact, it may be just what drives the next big bull run, but it also means that understanding the market now is much more important [17:49] than ever, because simply buying and waiting is no longer enough. Now there are more variables, more context, more competition, so if you put together everything we 've seen in this video, the conclusion is pretty clear. Bitcoin has [18:01] gone from being an internet experiment to becoming a global asset. It has gone from being in the hands of a minority to being adopted by the world's largest institutions, and that opens up a huge opportunity, but it also demands [18:15] more from you as an investor. It demands more knowledge, it demands more strategy, and it demands more clarity about understanding where you are putting your same as it was 5 years ago and probably won't be the same [18:29] in another 5 years either. Therefore, if you want to understand how to navigate this new environment and learn to generate profitability and a new skill in a market that is still in its infancy, I recommend that you watch this [18:41] free 15-minute masterclass that you have in the first line of the liked to see when I started in this world, because in this class we explain exactly what we are doing right now in the [18:53] so that you understand how to invest your capital and so that you can make a little time each day. And it's a super two- [19:06] see it, go to the first line of the video description and access that enjoyed this video. Let me know in the comments what you think about everything I see it, and I'll see you in the next video. A decentralized hug. [19:23] A decentralized hug. [music]