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Speaker 1: Bitcoin yep, so Bitcoin, it dropped a little bit, I
Speaker 1: believe from it's all time high. I think it's currently
Speaker 1: hovering around that sixty seven range. Sixty eight thousand ranged
Speaker 1: it was seventy three thousand last week. Well, you know,
Speaker 1: still holding strong. So we had we're a month away,
Speaker 1: thirty thirty two days away to bitcoin having happens, right,
Speaker 1: So let's just talk about that for people that don't know.
Speaker 1: And then also, what do we think is going to
Speaker 1: happen to all cryptocurrencies Bitcoin included after the having takes place.
Speaker 4: I mean, I think there'll be a little bit of
Speaker 4: a drop after having but all my crypto enthusiasts, you
Speaker 4: can tune in now and clip this up. Now we're
Speaker 4: looking at return over five or ten years. There's no
Speaker 4: close competitor. I know, like sen Ci has done incredibly
Speaker 4: well and video has done incredibly well. If you look
Speaker 4: over a five or ten year period, Bitcoin is given
Speaker 4: the best return possible. Of course, after all time high,
Speaker 4: people were complaining that it fell to sixty nine thousand,
Speaker 4: like it fell to forty.
Speaker 2: I'm like, it's barely a harsh pullback.
Speaker 4: Michael Sailor made the case that a doesn't have to
Speaker 4: be a currency, it can just be a great store value,
Speaker 4: which I agree with one thousand percent.
Speaker 2: It could go to I don't know.
Speaker 4: Maybe sixty five, sixty four and then pop back up.
Speaker 4: But I think more important than what will happen in
Speaker 4: thirty two days thirty one days from now, I think
Speaker 4: the real thing is to make sure that you're holding
Speaker 4: for a year, year and a half because I don't
Speaker 4: know if we will get another opportunity like this. It's
Speaker 4: a lot going on the banking, a lot going on
Speaker 4: in real estate, a lot going on in the general market.
Speaker 4: But like one of the places that there's been a
Speaker 4: lot of certainty in terms of mass game has been Bitcoin.
Speaker 4: And if you don't have some exposure, I think you
Speaker 4: are are definitely going to mess out.
Speaker 2: So continue to hold for the long term.
Speaker 4: I don't think it'll get to one hundred thousand this year,
Speaker 4: but next I think it'll crack that mark. But I
Speaker 4: think they have really made their mark on the investment world,
Speaker 4: and over the last twelve or thirteen years, there's been
Speaker 4: no question like what's been the best investment in terms
Speaker 4: of return despite the volatility, and that is Bitcoin.
Speaker 1: Yeah, so bigcoin having is an event that happens every
Speaker 1: four years. It reduces the reward for mining new blocks
Speaker 1: of bitcoin, and it's designed to control the supply of
Speaker 1: bitcoin and maintain the scarcity aspect of it. So that's
Speaker 1: why it's called having. So it's one of these things
Speaker 1: that I saw a JP Morgan put it. I think
Speaker 1: it was JP Morgan. They put a report out saying
Speaker 1: that they they expect bitcoin price to drop as a
Speaker 1: result of having, and you know, some people have different
Speaker 1: points of views on it, but it is if you're
Speaker 1: interested in crypto or bitcoin, is something that you should
Speaker 1: be aware of because it is something that happens on
Speaker 1: schedule every four years, and it's going to come a
Speaker 1: point in time where there will be no more bitcoin.
Speaker 1: So that's why it's a scarcity model. It's not something
Speaker 1: that's like the US dollar where they can constantly just
Speaker 1: print money for a.
Speaker 2: Trillions of it.
Speaker 5: So in a sense that every four years, it takes
Speaker 5: about almost I think two hundred and ten thousand blocks
Speaker 5: or made right. So bitcoin is something that is mined
Speaker 5: and so the having is was the reward for mining,
Speaker 5: and so again it happens.
Speaker 2: Every four years, so they said, I have the statistics here.
Speaker 5: The first reward was fifty bitcoin, right, and that was
Speaker 5: prior to twenty twelve. Four years later November twenty eighth,
Speaker 5: and it was twenty five bitcoins, right, So four years
Speaker 5: after that, in July of twenty sixteen, it was twelve
Speaker 5: point five, and so you can see that the reward
Speaker 5: has been cut in half every four years. May of
Speaker 5: twenty twenty it was down to six point twenty five,
Speaker 5: and then April this year, which is in thirty two days,
Speaker 5: that is going to be cut down to three point
Speaker 5: one twenty five. And you can do the math right,
Speaker 5: in four years, which would be twenty twenty eight, it'll
Speaker 5: be down to like one point something. So every year
Speaker 5: the reward for mining it gets less. There is an
Speaker 5: infinite supply thing around twenty one billion, and so when
Speaker 5: that supply is made, they're not.
Speaker 2: Making it anymore.
Speaker 5: So as the less of the amount of the quantity
Speaker 5: of the asset, which is the bitcoin, you can see
Speaker 5: the appreciation of it. I guess the and we said
Speaker 5: this bitcoin moves in four year cycles, and this is why.
Speaker 5: But it's kind of one of these things when we
Speaker 5: look into I would equate it to watching a company
Speaker 5: going into its earnings, and sometimes the value is kind.
Speaker 2: Of built in as you get to that point.
Speaker 5: Ye, as we're approaching this having date, is the value
Speaker 5: built in already when it gets to seventy three thousand,
Speaker 5: do we see a pullback.
Speaker 2: Yeah, it's too hot about this point. You gotta wait
Speaker 2: for it to pull it back.
Speaker 4: But if Halvin does present a case where it gets
Speaker 4: to maybe fifty five thousand, like it would be a
Speaker 4: good buying opportunity for sure. And once again, I think
Speaker 4: there's some rules with Thumb that always last. Never buy
Speaker 4: the high and never buy a base off of hype.
Speaker 4: Kudos to the people that have hell since twenty twenty
Speaker 4: or twenty twenty two. But a pullback is gonna happen,
Speaker 4: especially in crypto, like a ten percent, fifteen percent drop
Speaker 4: can happen in two or three days, thirty percent drop
Speaker 4: can happen in a month. Like take advantage of it
Speaker 4: when it's there, and don't be on the sideline, like, damn,
Speaker 4: I missed out because when the quot quote unquote crypto
Speaker 4: winner happened, a lot of people were sitting on the
Speaker 4: sideline as opposed to buying, and now they're kind of
Speaker 4: missing out.
Speaker 2: So this next opportunity, continue to buy and you have
Speaker 2: a lot of safety.
Speaker 4: Larry Fink, big meach of bitcoin, came in. He's given
Speaker 4: me all the floor, so you know, over the next
Speaker 4: four or five years is going to go up. I
Speaker 4: think black rocking Fidelity now on twenty six billion worth
Speaker 4: of bitcoin and they're they're hitching their wag into it.
Speaker 4: So if it does drop there at least there is
Speaker 4: a floor. They're on the institutional side for sure.
Speaker 2: Some four years it'll be the having will be one
Speaker 2: point five.
Speaker 5: To six, and so you can see as the appreciation
Speaker 5: and we can look now right for this four year cycle,
Speaker 5: we said that fourth year of the cycle is usually
Speaker 5: the best in.
Speaker 2: Terms of a percentage gain.
Speaker 5: Twenty twenty eight, that would be a pace for it
Speaker 5: to be again at another height. And if we're at
Speaker 5: seventy thousand, you can see the easy case where people
Speaker 5: are saying bitcoin can go to one hundred to one
Speaker 5: hundred and twenty thousand.
Speaker 2: You can kind of see the case why they would
Speaker 2: say that. Remembers that forty.
Speaker 4: Nine hundred what in twenty twenty so to get from
Speaker 4: there to seventy thousand, and Vidia has had a.
Speaker 2: Hell of a run.
Speaker 4: Sha, I wish Apple would have bought a bunch of bigcoin.
Speaker 4: I know y'all doing that Google Jym and ideal, but y'all,
Speaker 4: it is the Michael Saylor strategy and just bought up
Speaker 4: every bitcoin you could and mind them through the iPhone.
Speaker 5: Yeah, that's part of the that's part of the investing
Speaker 5: in strategy.
Speaker 2: Right.
Speaker 5: Do you have the mental discipline and forty two to
Speaker 5: withstand that?
Speaker 3: Right?
Speaker 5: When you see something go from twenty thousand down to four,
Speaker 5: are you willing to stay in there and say, all right, well,
Speaker 5: I believe in this this asset, I'm going to stay
Speaker 5: with it and take.
Speaker 2: That appreciation right up, which could happen again.
Speaker 5: I don't think it goes down to four thousand from seventy,
Speaker 5: but it could have a pullback.
Speaker 2: That's what we say.
Speaker 5: Invest in it if you believe in it, don't put
Speaker 5: all your eggs in one basket.
Speaker 2: Have a percentage of your portfolio in there and enjoy
Speaker 2: the ride.
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