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See you at invest Fest twenty twenty four. 18 00:01:00,360 --> 00:01:04,560 Speaker 1: Bitcoin yep, so Bitcoin, it dropped a little bit, I 19 00:01:04,600 --> 00:01:07,759 Speaker 1: believe from it's all time high. I think it's currently 20 00:01:07,880 --> 00:01:12,840 Speaker 1: hovering around that sixty seven range. Sixty eight thousand ranged 21 00:01:13,319 --> 00:01:18,080 Speaker 1: it was seventy three thousand last week. Well, you know, 22 00:01:18,200 --> 00:01:21,360 Speaker 1: still holding strong. So we had we're a month away, 23 00:01:21,400 --> 00:01:26,720 Speaker 1: thirty thirty two days away to bitcoin having happens, right, 24 00:01:27,400 --> 00:01:30,920 Speaker 1: So let's just talk about that for people that don't know. 25 00:01:31,000 --> 00:01:35,000 Speaker 1: And then also, what do we think is going to 26 00:01:35,160 --> 00:01:42,280 Speaker 1: happen to all cryptocurrencies Bitcoin included after the having takes place. 27 00:01:44,120 --> 00:01:45,959 Speaker 4: I mean, I think there'll be a little bit of 28 00:01:45,959 --> 00:01:49,440 Speaker 4: a drop after having but all my crypto enthusiasts, you 29 00:01:49,480 --> 00:01:51,680 Speaker 4: can tune in now and clip this up. Now we're 30 00:01:51,680 --> 00:01:54,920 Speaker 4: looking at return over five or ten years. There's no 31 00:01:55,040 --> 00:01:58,280 Speaker 4: close competitor. I know, like sen Ci has done incredibly 32 00:01:58,280 --> 00:02:00,400 Speaker 4: well and video has done incredibly well. If you look 33 00:02:00,440 --> 00:02:03,240 Speaker 4: over a five or ten year period, Bitcoin is given 34 00:02:03,280 --> 00:02:07,760 Speaker 4: the best return possible. Of course, after all time high, 35 00:02:07,960 --> 00:02:11,400 Speaker 4: people were complaining that it fell to sixty nine thousand, 36 00:02:11,600 --> 00:02:12,639 Speaker 4: like it fell to forty. 37 00:02:12,639 --> 00:02:15,360 Speaker 2: I'm like, it's barely a harsh pullback. 38 00:02:16,560 --> 00:02:20,560 Speaker 4: Michael Sailor made the case that a doesn't have to 39 00:02:20,560 --> 00:02:22,640 Speaker 4: be a currency, it can just be a great store value, 40 00:02:22,639 --> 00:02:24,000 Speaker 4: which I agree with one thousand percent. 41 00:02:24,120 --> 00:02:26,480 Speaker 2: It could go to I don't know. 42 00:02:26,440 --> 00:02:31,600 Speaker 4: Maybe sixty five, sixty four and then pop back up. 43 00:02:31,720 --> 00:02:35,200 Speaker 4: But I think more important than what will happen in 44 00:02:35,240 --> 00:02:38,120 Speaker 4: thirty two days thirty one days from now, I think 45 00:02:38,160 --> 00:02:41,080 Speaker 4: the real thing is to make sure that you're holding 46 00:02:41,200 --> 00:02:44,560 Speaker 4: for a year, year and a half because I don't 47 00:02:44,560 --> 00:02:46,560 Speaker 4: know if we will get another opportunity like this. It's 48 00:02:46,600 --> 00:02:48,160 Speaker 4: a lot going on the banking, a lot going on 49 00:02:48,280 --> 00:02:51,359 Speaker 4: in real estate, a lot going on in the general market. 50 00:02:51,360 --> 00:02:53,959 Speaker 4: But like one of the places that there's been a 51 00:02:54,000 --> 00:02:57,880 Speaker 4: lot of certainty in terms of mass game has been Bitcoin. 52 00:02:57,960 --> 00:02:59,760 Speaker 4: And if you don't have some exposure, I think you 53 00:02:59,840 --> 00:03:01,280 Speaker 4: are are definitely going to mess out. 54 00:03:01,320 --> 00:03:03,760 Speaker 2: So continue to hold for the long term. 55 00:03:04,200 --> 00:03:06,919 Speaker 4: I don't think it'll get to one hundred thousand this year, 56 00:03:06,960 --> 00:03:09,160 Speaker 4: but next I think it'll crack that mark. But I 57 00:03:09,200 --> 00:03:14,079 Speaker 4: think they have really made their mark on the investment world, 58 00:03:14,639 --> 00:03:16,960 Speaker 4: and over the last twelve or thirteen years, there's been 59 00:03:16,960 --> 00:03:19,000 Speaker 4: no question like what's been the best investment in terms 60 00:03:19,000 --> 00:03:21,960 Speaker 4: of return despite the volatility, and that is Bitcoin. 61 00:03:23,160 --> 00:03:27,360 Speaker 1: Yeah, so bigcoin having is an event that happens every 62 00:03:27,639 --> 00:03:31,640 Speaker 1: four years. It reduces the reward for mining new blocks 63 00:03:31,760 --> 00:03:37,080 Speaker 1: of bitcoin, and it's designed to control the supply of 64 00:03:37,120 --> 00:03:41,120 Speaker 1: bitcoin and maintain the scarcity aspect of it. So that's 65 00:03:41,160 --> 00:03:44,240 Speaker 1: why it's called having. So it's one of these things 66 00:03:44,320 --> 00:03:47,200 Speaker 1: that I saw a JP Morgan put it. I think 67 00:03:47,240 --> 00:03:49,200 Speaker 1: it was JP Morgan. They put a report out saying 68 00:03:49,200 --> 00:03:53,480 Speaker 1: that they they expect bitcoin price to drop as a 69 00:03:53,520 --> 00:03:57,880 Speaker 1: result of having, and you know, some people have different 70 00:03:57,880 --> 00:04:01,440 Speaker 1: points of views on it, but it is if you're 71 00:04:01,520 --> 00:04:04,000 Speaker 1: interested in crypto or bitcoin, is something that you should 72 00:04:04,000 --> 00:04:08,000 Speaker 1: be aware of because it is something that happens on 73 00:04:08,040 --> 00:04:10,640 Speaker 1: schedule every four years, and it's going to come a 74 00:04:10,680 --> 00:04:13,720 Speaker 1: point in time where there will be no more bitcoin. 75 00:04:14,160 --> 00:04:17,280 Speaker 1: So that's why it's a scarcity model. It's not something 76 00:04:17,279 --> 00:04:20,520 Speaker 1: that's like the US dollar where they can constantly just 77 00:04:20,560 --> 00:04:21,279 Speaker 1: print money for a. 78 00:04:21,560 --> 00:04:22,279 Speaker 2: Trillions of it. 79 00:04:22,920 --> 00:04:25,240 Speaker 5: So in a sense that every four years, it takes 80 00:04:25,279 --> 00:04:28,560 Speaker 5: about almost I think two hundred and ten thousand blocks 81 00:04:28,640 --> 00:04:31,440 Speaker 5: or made right. So bitcoin is something that is mined 82 00:04:31,880 --> 00:04:34,760 Speaker 5: and so the having is was the reward for mining, 83 00:04:34,880 --> 00:04:36,360 Speaker 5: and so again it happens. 84 00:04:36,080 --> 00:04:38,640 Speaker 2: Every four years, so they said, I have the statistics here. 85 00:04:38,920 --> 00:04:41,640 Speaker 5: The first reward was fifty bitcoin, right, and that was 86 00:04:41,960 --> 00:04:45,440 Speaker 5: prior to twenty twelve. Four years later November twenty eighth, 87 00:04:45,600 --> 00:04:48,880 Speaker 5: and it was twenty five bitcoins, right, So four years 88 00:04:48,880 --> 00:04:51,400 Speaker 5: after that, in July of twenty sixteen, it was twelve 89 00:04:51,440 --> 00:04:53,680 Speaker 5: point five, and so you can see that the reward 90 00:04:53,720 --> 00:04:56,440 Speaker 5: has been cut in half every four years. May of 91 00:04:56,480 --> 00:04:58,839 Speaker 5: twenty twenty it was down to six point twenty five, 92 00:04:58,960 --> 00:05:02,000 Speaker 5: and then April this year, which is in thirty two days, 93 00:05:02,080 --> 00:05:04,239 Speaker 5: that is going to be cut down to three point 94 00:05:04,240 --> 00:05:06,680 Speaker 5: one twenty five. And you can do the math right, 95 00:05:06,720 --> 00:05:10,000 Speaker 5: in four years, which would be twenty twenty eight, it'll 96 00:05:10,040 --> 00:05:13,279 Speaker 5: be down to like one point something. So every year 97 00:05:13,560 --> 00:05:16,760 Speaker 5: the reward for mining it gets less. There is an 98 00:05:16,760 --> 00:05:19,720 Speaker 5: infinite supply thing around twenty one billion, and so when 99 00:05:19,760 --> 00:05:21,360 Speaker 5: that supply is made, they're not. 100 00:05:21,320 --> 00:05:21,960 Speaker 2: Making it anymore. 101 00:05:22,000 --> 00:05:24,440 Speaker 5: So as the less of the amount of the quantity 102 00:05:24,480 --> 00:05:26,920 Speaker 5: of the asset, which is the bitcoin, you can see 103 00:05:26,920 --> 00:05:29,560 Speaker 5: the appreciation of it. I guess the and we said 104 00:05:29,560 --> 00:05:32,159 Speaker 5: this bitcoin moves in four year cycles, and this is why. 105 00:05:32,720 --> 00:05:34,320 Speaker 5: But it's kind of one of these things when we 106 00:05:34,360 --> 00:05:37,120 Speaker 5: look into I would equate it to watching a company 107 00:05:37,279 --> 00:05:41,680 Speaker 5: going into its earnings, and sometimes the value is kind. 108 00:05:41,520 --> 00:05:43,839 Speaker 2: Of built in as you get to that point. 109 00:05:44,440 --> 00:05:50,240 Speaker 5: Ye, as we're approaching this having date, is the value 110 00:05:50,279 --> 00:05:52,760 Speaker 5: built in already when it gets to seventy three thousand, 111 00:05:52,839 --> 00:05:53,880 Speaker 5: do we see a pullback. 112 00:05:54,480 --> 00:05:56,200 Speaker 2: Yeah, it's too hot about this point. You gotta wait 113 00:05:56,200 --> 00:05:56,880 Speaker 2: for it to pull it back. 114 00:05:56,920 --> 00:05:59,680 Speaker 4: But if Halvin does present a case where it gets 115 00:05:59,680 --> 00:06:02,039 Speaker 4: to maybe fifty five thousand, like it would be a 116 00:06:02,040 --> 00:06:06,560 Speaker 4: good buying opportunity for sure. And once again, I think 117 00:06:06,560 --> 00:06:09,719 Speaker 4: there's some rules with Thumb that always last. Never buy 118 00:06:09,760 --> 00:06:11,920 Speaker 4: the high and never buy a base off of hype. 119 00:06:12,240 --> 00:06:15,159 Speaker 4: Kudos to the people that have hell since twenty twenty 120 00:06:15,240 --> 00:06:18,000 Speaker 4: or twenty twenty two. But a pullback is gonna happen, 121 00:06:18,080 --> 00:06:22,359 Speaker 4: especially in crypto, like a ten percent, fifteen percent drop 122 00:06:22,400 --> 00:06:25,159 Speaker 4: can happen in two or three days, thirty percent drop 123 00:06:25,240 --> 00:06:27,080 Speaker 4: can happen in a month. Like take advantage of it 124 00:06:27,120 --> 00:06:29,279 Speaker 4: when it's there, and don't be on the sideline, like, damn, 125 00:06:29,320 --> 00:06:32,080 Speaker 4: I missed out because when the quot quote unquote crypto 126 00:06:32,080 --> 00:06:34,240 Speaker 4: winner happened, a lot of people were sitting on the 127 00:06:34,240 --> 00:06:36,240 Speaker 4: sideline as opposed to buying, and now they're kind of 128 00:06:36,240 --> 00:06:36,719 Speaker 4: missing out. 129 00:06:36,760 --> 00:06:39,599 Speaker 2: So this next opportunity, continue to buy and you have 130 00:06:39,640 --> 00:06:40,240 Speaker 2: a lot of safety. 131 00:06:40,320 --> 00:06:44,360 Speaker 4: Larry Fink, big meach of bitcoin, came in. He's given 132 00:06:44,360 --> 00:06:46,599 Speaker 4: me all the floor, so you know, over the next 133 00:06:46,600 --> 00:06:48,039 Speaker 4: four or five years is going to go up. I 134 00:06:48,040 --> 00:06:51,680 Speaker 4: think black rocking Fidelity now on twenty six billion worth 135 00:06:51,680 --> 00:06:55,200 Speaker 4: of bitcoin and they're they're hitching their wag into it. 136 00:06:55,839 --> 00:06:57,880 Speaker 4: So if it does drop there at least there is 137 00:06:57,920 --> 00:07:00,400 Speaker 4: a floor. They're on the institutional side for sure. 138 00:07:00,480 --> 00:07:02,560 Speaker 2: Some four years it'll be the having will be one 139 00:07:02,560 --> 00:07:03,279 Speaker 2: point five. 140 00:07:03,080 --> 00:07:05,760 Speaker 5: To six, and so you can see as the appreciation 141 00:07:05,839 --> 00:07:07,760 Speaker 5: and we can look now right for this four year cycle, 142 00:07:07,760 --> 00:07:09,520 Speaker 5: we said that fourth year of the cycle is usually 143 00:07:09,600 --> 00:07:10,120 Speaker 5: the best in. 144 00:07:10,160 --> 00:07:11,840 Speaker 2: Terms of a percentage gain. 145 00:07:12,440 --> 00:07:14,720 Speaker 5: Twenty twenty eight, that would be a pace for it 146 00:07:14,760 --> 00:07:16,760 Speaker 5: to be again at another height. And if we're at 147 00:07:16,840 --> 00:07:19,200 Speaker 5: seventy thousand, you can see the easy case where people 148 00:07:19,200 --> 00:07:21,760 Speaker 5: are saying bitcoin can go to one hundred to one 149 00:07:21,840 --> 00:07:22,720 Speaker 5: hundred and twenty thousand. 150 00:07:22,960 --> 00:07:24,440 Speaker 2: You can kind of see the case why they would 151 00:07:24,440 --> 00:07:26,160 Speaker 2: say that. Remembers that forty. 152 00:07:26,040 --> 00:07:29,120 Speaker 4: Nine hundred what in twenty twenty so to get from 153 00:07:29,160 --> 00:07:31,600 Speaker 4: there to seventy thousand, and Vidia has had a. 154 00:07:31,600 --> 00:07:32,080 Speaker 2: Hell of a run. 155 00:07:32,120 --> 00:07:34,080 Speaker 4: Sha, I wish Apple would have bought a bunch of bigcoin. 156 00:07:34,120 --> 00:07:36,560 Speaker 4: I know y'all doing that Google Jym and ideal, but y'all, 157 00:07:36,840 --> 00:07:39,080 Speaker 4: it is the Michael Saylor strategy and just bought up 158 00:07:39,080 --> 00:07:42,000 Speaker 4: every bitcoin you could and mind them through the iPhone. 159 00:07:42,200 --> 00:07:44,760 Speaker 5: Yeah, that's part of the that's part of the investing 160 00:07:44,760 --> 00:07:45,320 Speaker 5: in strategy. 161 00:07:45,400 --> 00:07:45,560 Speaker 2: Right. 162 00:07:45,600 --> 00:07:49,160 Speaker 5: Do you have the mental discipline and forty two to 163 00:07:49,280 --> 00:07:49,840 Speaker 5: withstand that? 164 00:07:50,080 --> 00:07:50,200 Speaker 3: Right? 165 00:07:50,240 --> 00:07:53,040 Speaker 5: When you see something go from twenty thousand down to four, 166 00:07:53,680 --> 00:07:56,080 Speaker 5: are you willing to stay in there and say, all right, well, 167 00:07:57,000 --> 00:07:59,400 Speaker 5: I believe in this this asset, I'm going to stay 168 00:07:59,400 --> 00:08:00,480 Speaker 5: with it and take. 169 00:08:00,320 --> 00:08:02,640 Speaker 2: That appreciation right up, which could happen again. 170 00:08:02,840 --> 00:08:04,960 Speaker 5: I don't think it goes down to four thousand from seventy, 171 00:08:05,040 --> 00:08:06,239 Speaker 5: but it could have a pullback. 172 00:08:07,160 --> 00:08:08,360 Speaker 2: That's what we say. 173 00:08:09,160 --> 00:08:11,040 Speaker 5: Invest in it if you believe in it, don't put 174 00:08:11,040 --> 00:08:12,160 Speaker 5: all your eggs in one basket. 175 00:08:12,160 --> 00:08:15,880 Speaker 2: Have a percentage of your portfolio in there and enjoy 176 00:08:15,920 --> 00:08:16,240 Speaker 2: the ride. 177 00:08:16,320 --> 00:08:19,960 Speaker 6: An illegal alien from Guatemala charged with raping a child 178 00:08:20,000 --> 00:08:23,800 Speaker 6: in Massachusetts. 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