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The Bitcoin Snowball

Gene
Gene
9 min listen
The Bitcoin Snowball
The Bitcoin Snowball 0:00 / 8:23

Transcript

I should have thought about Bitcoin again, buddy. Like that . Not again. It's harder than topic. I'm a little bit consumed by it. Let's go see a forklift, yeah? Let's see if there's any cars coming. We're going to the mountain park today. We're going to see a tractor. That was close and a forklift . All right, so it's Sunday in Japan. Oh, maybe I'll wait for that car there. Yeah, the coin, the coin, the coin. I can't stop thinking about it because I think oh yeah, there are some kids going into it. We must send. That's right, buddy. Very polite. Very pink flowers. So big. All right. Yeah. Why can't I stop thinking about Bitcoin? Well, it's just so exciting. It's like the most exciting thing to watch right now. I think your level of excitement about crypto or Bitcoin depends on how much you know and how much not just that because everybody can say, oh, I know a lot of blah blah blah blah and I could be wrong, you know, but that's how much you can spot the trends. All right, well, what's happening? It's really hard to miss. And it's like the biggest thing. That tsunami of economic change that's coming. And the most people don't see it, which is crazy. It's crazy. We're so early. We're like at the beginning. You've got the world's largest funds that are about to enter a space. They're entering now. You've got an ETF, two ETFs in Canada . It's only a matter of time before it is one in North America. Amazon is going to be up there soon for a cliff. Yeah, there it is. That's the one that we're looking forward to. Yeah. Apple's going to join a number of fortune , five hundreds have already joined their buy now. They don't disclose it. I'm okay. Are you okay, buddy? Man, I've been gone since last summer. They're about to come back. There's just a wall of institutional money coming to Bitcoin. And why is that? It's because it has crossed the one trillion market cap number. That's their buying signal. Okay, this is, this is looking more solid now. It's not, it's not speculative as much. It's still kind of bad. We'll take it easy. We'll put one to five percent in. You've got regulatory clearance and clarity. Not clarity. It's clarity. It's actually, yeah. You've got a large network effect. The biggest of the crypto networks. It's not going to change soon. In fact, it's going to take off and propel all the people they're investing in Ethereum right now and all the other altcoins. They're going to be they're going to be for a rough, a real awakening of what's happening. They don't understand it. But the wall of money that's coming into crypto is going into Bitcoin. It's not going into crypto because they don't understand crypto. They understand Bitcoin because that's what the companies are buying. That's what the Tesla bought. That's what mass mutual bought and why melon bought are building out to buy, I guess I should say. So all of the institutional money is going to come to Bitcoin, not cryptocurrency. Exc avator. You saw it, where? I didn't see it. So that's going to leave all the other crypto behind. It's going to be comical. Yeah, so imagine, imagine billions tens of billions, hundreds of billions of dollars. Where do you see the bus? Oh, that's junk. That's the junkyard and it's got a bunch of junk in it. We don't want any of the junk. So, you know, you saw 1.5 billion from Tesla. You saw 1 billion from micro strategy recently. Imagine tens, hundreds of billions of dollars come in. We're going to go up in market cap significantly car wash. Bitcoin would go to 100k very fast. We're then we're going to be a two trillion market cap. That's going to be even a bigger buy signal for endowments, for real estate, store value. Everything is going to be drained from all these equities. It's going to go all straight into Bitcoin. It's like a mass, it's like an avalanche or a snowball that gets larger and larger and larger, the more it rolls down the hill. And there's no, there's no stopping it. It has a positive growth loop, just like you think about SaaS products that have a growth loop built in that helps market themselves without spending any money on it. That's what Bitcoin is. That's got the most profitable growth loop ever designed. I don't think Satoshi actually grasped the full scale or potential of this loop. He mentioned it, even said it. He said, "Yeah, this might work like that. I don't think you quite analyzed how powerful that is." Unless he didn't, he just didn't say anything. It's possible. But yeah, it's going to, this snowball is going to keep growing. It's going to get so big. It's going to drain real estate funds, store value. All that's going to come to Bitcoin. Not all, but I don't want to say all. Of course there's always value in real estate. There's going to be a bunch of kids bodywork. Today's Sunday, so there's going to be a ton of kids at the park. That's what they do on a Sunday. They go to the park. Yeah, man, it's just the most exciting thing. It's going to explode a little bit of money is going to make you a millionaire. One Bitcoin will make you a guaranteed millionaire. Of course, I never say to invest anybody, do whatever you want. I don't care. That's not my problem. I don't want to speak my thoughts, my opinions. And yeah, we're early, so it's never too late. But if you talk about it in public, like you talk about Bitcoin, people just look at you like you're a one on those Bitcoin bros. Like, oh God, he won't shut up about it. Yeah, we're here. You ready to go? You're going to run around? Hey, we didn't bring a ball or anything. We don't have a ball. What to do? Well, we can use to run around, yeah. Man, we should go play. Do you want to take your dump truck ? All right, we'll take the dump truck. All right, peace.

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