1 00:00:00,480 --> 00:00:03,640 Bitcoin recently crashed from holding it down from the mid 80s 2 00:00:03,920 --> 00:00:07,120 to a pathetically low 70s. Actually, it made it all the way 3 00:00:07,120 --> 00:00:09,960 down to the 60s. It's in the 60s, meaning 4 00:00:09,960 --> 00:00:13,600 thousands of people watch their portfolios drop 30 to 60% or 5 00:00:13,600 --> 00:00:14,840 more. You've heard the headlines. 6 00:00:14,960 --> 00:00:16,920 Bitcoin is dead. A bubble popped. 7 00:00:17,440 --> 00:00:19,960 The narrative is over. But here's the first truth. 8 00:00:20,280 --> 00:00:23,360 Bitcoin's life was never defined by a number on a screen. 9 00:00:23,360 --> 00:00:27,160 If it were, than anyone who bought at 126,000 is already 10 00:00:27,160 --> 00:00:28,800 dead money. And by the way, am I being 11 00:00:28,800 --> 00:00:30,760 disrespectful for filming this at a cemetery? 12 00:00:30,760 --> 00:00:33,400 Most normal people would stop listening at this point because 13 00:00:33,400 --> 00:00:36,440 they anchor their perception of Bitcoin on price. 14 00:00:36,680 --> 00:00:39,120 But you're not normal, right? Bitcoin is so much more than 15 00:00:39,120 --> 00:00:41,760 just price. It's a new form of money. 16 00:00:41,800 --> 00:00:43,560 So the question isn't is Bitcoin dead? 17 00:00:43,560 --> 00:00:46,600 Question is, even after the recent price drop, does Bitcoin 18 00:00:46,600 --> 00:00:49,520 still transform the way we think about money on oceans? 19 00:00:49,720 --> 00:00:52,480 This is beyond Bitcoin. Look alive. 20 00:00:57,920 --> 00:01:00,400 First, let's all bow our heads for a moment of silence for the 21 00:01:00,400 --> 00:01:05,120 Bitcoin price. The Bitcoin Ogs actually aren't 22 00:01:05,120 --> 00:01:06,480 that excited about Bitcoin anymore. 23 00:01:07,920 --> 00:01:12,120 I mean first the index is at 0 so which is extremely varied 24 00:01:12,160 --> 00:01:15,920 territory and it has been between like 0 and 10 for the 25 00:01:15,920 --> 00:01:19,040 last maybe month and 1/2. Many hodlers must feel 26 00:01:19,040 --> 00:01:22,880 frustrated after hearing these lines over and over again, but 27 00:01:23,040 --> 00:01:25,280 this is kind of where you have to eat some humble pie and put 28 00:01:25,280 --> 00:01:27,400 on your big boy pants. The main thing we must all 29 00:01:27,400 --> 00:01:29,520 understand is Bitcoin isn't a chart. 30 00:01:29,560 --> 00:01:32,480 So let's stop pretending the price chart is the full story. 31 00:01:32,480 --> 00:01:35,480 Because if Bitcoin was just a price chart, then it died at 32 00:01:35,480 --> 00:01:37,520 3000, it died. At 16,000. 33 00:01:37,520 --> 00:01:40,800 It died at 30,000, and supposedly it's dying again 34 00:01:40,920 --> 00:01:42,600 right now. But Bitcoin doesn't die. 35 00:01:42,840 --> 00:01:45,080 What dies is people's misunderstanding of what it 36 00:01:45,080 --> 00:01:46,880 actually is. And here's the uncomfortable 37 00:01:46,880 --> 00:01:48,240 truth. Don't you just love those 38 00:01:48,240 --> 00:01:50,960 ChatGPT lines? Before Bitcoin, most of us never 39 00:01:50,960 --> 00:01:53,960 even questioned what money was. We questioned the banks, we 40 00:01:53,960 --> 00:01:55,800 questioned government. We even questioned inflation. 41 00:01:55,880 --> 00:01:59,200 But we never questioned the very thing that lies underneath all 42 00:01:59,200 --> 00:02:01,200 of it. Even Michael Saylor said that 43 00:02:01,200 --> 00:02:04,200 before Bitcoin, nobody actually understood what money was at 44 00:02:04,200 --> 00:02:05,000 all. Take a look. 45 00:02:05,040 --> 00:02:13,120 My observation with Bitcoin is before Robert asked me on his 46 00:02:13,120 --> 00:02:19,720 show what is money, I had never questioned what is money and 47 00:02:19,720 --> 00:02:26,000 then we explored it together for many, many hours and it. 48 00:02:26,000 --> 00:02:31,000 And when I finished that expiration, my conclusion was 49 00:02:33,000 --> 00:02:39,360 money is economic energy and and there has never been a perfect 50 00:02:39,360 --> 00:02:42,400 vessel for the transfer, a perfect asset for the 51 00:02:42,400 --> 00:02:45,320 transference of money in the history of humanity. 52 00:02:46,040 --> 00:02:52,720 Therefore, every other academic before Bitcoin never understood 53 00:02:52,720 --> 00:02:58,600 what money was. Not really, because at best, all 54 00:02:58,600 --> 00:03:03,320 they could do was conceptualize A theoretical A theoretical 55 00:03:03,320 --> 00:03:05,200 money. And no one in the history of the 56 00:03:05,200 --> 00:03:08,640 world ever actually implemented A monetary system with a with a 57 00:03:08,640 --> 00:03:10,560 proper money. They were always defective. 58 00:03:11,400 --> 00:03:14,560 And because they were always defective, whether they're 59 00:03:14,560 --> 00:03:19,320 seashells or glass beads or the like, that meant that all 60 00:03:19,320 --> 00:03:26,360 economics was in essence mysticism and an art and 61 00:03:26,360 --> 00:03:29,040 politics, but none of it was engineering. 62 00:03:29,800 --> 00:03:32,920 You could, you could never engineer a proper economic 63 00:03:32,920 --> 00:03:36,400 system until you had a proper understanding of money. 64 00:03:36,400 --> 00:03:40,400 But even if I had a, if I had a proper understanding of money, 65 00:03:40,400 --> 00:03:48,480 like it's like asking the question, what is steel 4000 66 00:03:48,480 --> 00:03:51,520 years ago? And then you say, well, I 67 00:03:51,520 --> 00:03:55,440 conceptualize a mineral that's so hard that it won't deflect. 68 00:03:55,440 --> 00:04:00,200 Even if I pile up 100 story building. 69 00:04:00,680 --> 00:04:04,360 I conceptualize that. And you say, I can imagine that. 70 00:04:04,360 --> 00:04:06,800 I can imagine his magic. But then now you build 1. 71 00:04:07,000 --> 00:04:09,120 Sailor isn't saying money was mismanaged. 72 00:04:09,200 --> 00:04:11,840 He's saying money was never properly understood. 73 00:04:12,000 --> 00:04:14,560 And if you don't understand money, you can't understand 74 00:04:14,560 --> 00:04:17,600 economics, you can't understand politics, you can't understand 75 00:04:17,600 --> 00:04:19,279 power. So when people are questioning 76 00:04:19,279 --> 00:04:22,520 why Bitcoin is crashing, they're still asking the wrong question. 77 00:04:22,640 --> 00:04:25,960 The question isn't why did Bitcoin go down, The question is 78 00:04:26,120 --> 00:04:30,360 why did money work this way for 5000 years and suddenly stop 79 00:04:30,360 --> 00:04:31,960 working? And this is where Bitcoins value 80 00:04:31,960 --> 00:04:35,120 becomes obvious, not to markets, but to belief systems. 81 00:04:35,240 --> 00:04:38,160 Because Bitcoin doesn't just give you a new asset, it gives 82 00:04:38,160 --> 00:04:41,480 you a new lens to look through. It gives you a new lens to look 83 00:04:41,480 --> 00:04:44,240 through. I thought I was a crypto savant, 84 00:04:44,480 --> 00:04:47,400 you know? Every garbage coin I invested in 85 00:04:47,400 --> 00:04:51,440 seemed to be doing incredibly well, but it was toxic Maxis on 86 00:04:51,440 --> 00:04:54,840 Twitter at the time that convinced me that I needed to 87 00:04:54,840 --> 00:04:58,520 study Bitcoin. You know, my ego told me I 88 00:04:58,520 --> 00:05:01,440 already knew everything I needed to know, but it wasn't until I 89 00:05:01,440 --> 00:05:04,680 read the Bitcoin Standard that I realized I knew nothing. 90 00:05:04,720 --> 00:05:08,320 And so that sort of got me on my way to learning more about 91 00:05:08,320 --> 00:05:11,280 Bitcoin and really understanding, I think, more 92 00:05:11,280 --> 00:05:15,200 about economics and the world and investing and just how much 93 00:05:15,200 --> 00:05:17,600 the system was rigged. Man, if that story doesn't sound 94 00:05:17,600 --> 00:05:19,080 familiar, do you have a similar story? 95 00:05:19,080 --> 00:05:21,720 Let me know in the comments. Basically invites you to rethink 96 00:05:21,720 --> 00:05:23,960 everything you've learned in your entire life. 97 00:05:25,040 --> 00:05:27,560 Satoshi opened a portal into cyberspace. 98 00:05:27,560 --> 00:05:31,360 And when you go through it, potentially, in fact, when you 99 00:05:31,360 --> 00:05:36,960 go through it, it offers the promise that you can remake and 100 00:05:36,960 --> 00:05:42,040 perfect your property rights, your political rights, your 101 00:05:42,040 --> 00:05:49,560 intellectual, you know, self, you know, there's this like, not 102 00:05:49,560 --> 00:05:53,840 your keys, not your coin. And you talked about not your 103 00:05:53,840 --> 00:05:56,080 keys. And I'm saying not your keys, 104 00:05:56,080 --> 00:06:02,040 not yourself, you know, and, and, and so I guess the portal 105 00:06:03,000 --> 00:06:08,320 invites you to reimagine yourself and reimagine 106 00:06:08,360 --> 00:06:12,000 everything you ever learned. Listen to what Sailor's actually 107 00:06:12,000 --> 00:06:13,600 saying. Bitcoin doesn't ask you to 108 00:06:13,600 --> 00:06:17,720 optimize your portfolio, it asks you to re evaluate reality. 109 00:06:17,880 --> 00:06:20,480 That's why people who have been through multiple cycles stop 110 00:06:20,480 --> 00:06:23,320 reacting to price. Somehow I'm still reacting to 111 00:06:23,320 --> 00:06:25,200 price. And this is exactly why people 112 00:06:25,200 --> 00:06:29,040 like Jack Mallers don't flinch when Bitcoin drops 3040 or even 113 00:06:29,040 --> 00:06:31,640 60% because they're not building for this quarter. 114 00:06:31,640 --> 00:06:34,680 They're not building for this year, they're building for 115 00:06:34,680 --> 00:06:36,880 decades to come. 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I also want to take a moment 127 00:07:10,320 --> 00:07:13,320 here to mention the bitcoinway.com, the top resource 128 00:07:13,320 --> 00:07:15,800 for personalized training in Bitcoin self custody, 129 00:07:15,800 --> 00:07:18,680 cybersecurity and sovereign wealth preservation. 130 00:07:18,680 --> 00:07:21,040 Whether you're new to Bitcoin and want a secure self custody 131 00:07:21,040 --> 00:07:24,080 setup or a seasoned hodler tightening privacy and security, 132 00:07:24,160 --> 00:07:27,920 The Bitcoin Way offers expert consulting and hands on guidance 133 00:07:27,920 --> 00:07:30,920 tailored to you. Go to thebitcoinway.com/beyond 134 00:07:30,920 --> 00:07:34,000 Bitcoin and claim your free 30 minute consultation to start 135 00:07:34,000 --> 00:07:36,440 building financial sovereignty with confidence. 136 00:07:36,960 --> 00:07:39,360 And are now nursing some pretty serious losses. 137 00:07:39,360 --> 00:07:42,120 What would you say to them? I'd say the same thing for 138 00:07:42,120 --> 00:07:45,840 people that bought Bitcoin at 126,000 is that, you know, we 139 00:07:45,840 --> 00:07:47,880 are building for the long term, right? 140 00:07:48,000 --> 00:07:51,320 This is a business that I plan to be the CEO of forever. 141 00:07:51,680 --> 00:07:55,800 Bitcoin is a technology that's way bigger than just me or just 142 00:07:55,800 --> 00:07:58,120 this company. It's going to last way longer 143 00:07:58,320 --> 00:08:01,520 than any of our lives. And so this is a long term 144 00:08:01,520 --> 00:08:04,040 mission to fix the money and fix the world. 145 00:08:04,320 --> 00:08:09,240 And I don't really have any advice or tips for day traders 146 00:08:09,240 --> 00:08:12,560 or, you know, Robin Hood option punters. 147 00:08:12,560 --> 00:08:16,720 You know that those people are way smarter than I am at picking 148 00:08:16,720 --> 00:08:18,840 the right stocks and picking the right times. 149 00:08:19,280 --> 00:08:22,760 I build for the long term. I'm looking to rebuild society 150 00:08:22,760 --> 00:08:26,440 and recapitalize society on sound money that nobody can 151 00:08:26,440 --> 00:08:29,840 control and manipulate. And that's what I would say is 152 00:08:29,840 --> 00:08:31,520 that this is a long term business. 153 00:08:31,520 --> 00:08:33,840 I'm building for decades. We have no problem with the 154 00:08:33,840 --> 00:08:36,840 volatility and nothing about who we are, our mission and what 155 00:08:36,840 --> 00:08:38,919 we're building has changed. Did you catch that? 156 00:08:39,039 --> 00:08:41,760 He didn't say fix the price, he said the money. 157 00:08:41,760 --> 00:08:43,679 And that distinction changes everything. 158 00:08:43,679 --> 00:08:47,040 If Bitcoin was just about price, volatility would kill it. 159 00:08:47,120 --> 00:08:49,720 But Bitcoin is about monetary transformation. 160 00:08:49,720 --> 00:08:51,360 Volatility is just the growing pains. 161 00:08:51,440 --> 00:08:53,760 And even people who don't fully commit to Bitcoin, even 162 00:08:53,760 --> 00:08:56,440 skeptics, are forced to admit something fundamental has 163 00:08:56,440 --> 00:08:58,800 changed when they face the properties of Bitcoin. 164 00:08:59,280 --> 00:09:03,080 Well, the evolution of Bitcoin over the years is 1 of the 165 00:09:03,080 --> 00:09:08,040 things that has influenced changes in my view. 166 00:09:09,440 --> 00:09:15,280 It has proven itself something like 10-11 years ago. 167 00:09:15,280 --> 00:09:19,080 Imagine the programming of this. And here's the you throw it out 168 00:09:19,080 --> 00:09:22,120 and that's the idea. It has not been hacked. 169 00:09:22,600 --> 00:09:27,120 It has operated. It is built. 170 00:09:27,440 --> 00:09:34,640 It has come an amazing way over that 11 years to be maybe 171 00:09:35,120 --> 00:09:40,600 probably the most excited topic among a lot of people and has 172 00:09:40,600 --> 00:09:46,200 been used and and is now has obtained, you know, the status 173 00:09:46,200 --> 00:09:51,320 of having imputed value. At the same time, it is one of 174 00:09:51,320 --> 00:09:54,840 those assets that is an alternative money. 175 00:09:55,280 --> 00:10:00,240 I think we're entering an era where there's going to be a 176 00:10:00,240 --> 00:10:08,200 competition of monies because of the printing of Fiat money and 177 00:10:08,280 --> 00:10:12,520 the depreciated value. There will be a competition of 178 00:10:12,520 --> 00:10:17,200 monies and Bitcoin is part of that competition. 179 00:10:18,600 --> 00:10:21,520 Hey buddy, when Ray Dalio says competitions of monies, what 180 00:10:21,520 --> 00:10:23,920 he's really saying is the current monopoly on the money 181 00:10:23,920 --> 00:10:26,680 system is breaking down. But we all know monopolies don't 182 00:10:26,680 --> 00:10:28,840 die quietly. They fight, they smear, and they 183 00:10:28,840 --> 00:10:30,480 scare. So when you see fear in the 184 00:10:30,480 --> 00:10:33,600 market, ETF selling, liquidations, panic, that 185 00:10:33,600 --> 00:10:36,520 doesn't mean Bitcoin is failing. It means that the old system 186 00:10:36,520 --> 00:10:38,720 probably feels threatened. Bitcoin isn't asking for 187 00:10:38,720 --> 00:10:40,680 permission. It doesn't care about approval, 188 00:10:40,680 --> 00:10:42,920 it doesn't care about your entry price, and it doesn't read the 189 00:10:42,920 --> 00:10:44,760 headlines because it doesn't have eyes. 190 00:10:44,840 --> 00:10:48,200 Unless you consider that we all are the eyes of Bitcoin. 191 00:10:48,600 --> 00:10:51,320 The people who understand money and are more attuned money 192 00:10:51,360 --> 00:10:54,240 already understand and like Bitcoin right now. 193 00:10:54,240 --> 00:10:56,880 The people who are more preoccupied with like number go 194 00:10:56,880 --> 00:11:01,880 up in the legacy system, have ETFs to go through it all. 195 00:11:01,880 --> 00:11:05,280 Like we are slowly replacing feds, right? 196 00:11:05,280 --> 00:11:09,840 Like and and on the Internet like nothing beats a lightning 197 00:11:09,840 --> 00:11:12,440 payment, right? Like it's better than visa, it's 198 00:11:12,440 --> 00:11:15,400 better than everything else. So like it's going to happen. 199 00:11:15,800 --> 00:11:18,760 It's it's, it's just like you just got to exist in this and 200 00:11:18,760 --> 00:11:21,440 make it pleasant. Let me show you this right like. 201 00:11:22,040 --> 00:11:25,040 Because once you understand what Bitcoin is, you can't Unsee it. 202 00:11:25,120 --> 00:11:27,640 You can't go back to believing money is neutral, you can't go 203 00:11:27,640 --> 00:11:30,680 back to believing inflation is accidental, and you can't go 204 00:11:30,680 --> 00:11:33,720 back to believing that the system is broken by mistake. 205 00:11:33,800 --> 00:11:37,160 So no, Bitcoin isn't dead, guys. What's dying is the illusion 206 00:11:37,160 --> 00:11:40,080 that money was ever fair, neutral, or stable to begin 207 00:11:40,080 --> 00:11:41,640 with. Before I sign off, I want to 208 00:11:41,640 --> 00:11:44,520 mention Club orange.org, formerly the Orange Pill app, 209 00:11:44,600 --> 00:11:47,640 the global social network built exclusively for Bitcoiners. 210 00:11:47,640 --> 00:11:50,400 Connect with fellow SAT stackers like yourself, find local 211 00:11:50,400 --> 00:11:53,720 events, meetups and merchants, and grow your Bitcoin community 212 00:11:53,720 --> 00:11:56,520 in real life. I'm on club Orange too and you 213 00:11:56,520 --> 00:11:57,840 can reach out to me directly there. 214 00:11:57,840 --> 00:12:00,360 If you want to you can DM me, I'm at oceans. 215 00:12:00,440 --> 00:12:02,840 Special shout out to Mr. Michael out there in Jersey. 216 00:12:02,960 --> 00:12:05,160 Thank you so much for your support and connecting with me 217 00:12:05,160 --> 00:12:08,400 so far on cluborange.org. You got to remember bitcoins 218 00:12:08,400 --> 00:12:11,920 value isn't in short term price action, it's in long term truth 219 00:12:11,920 --> 00:12:13,880 discovery. Ask yourself these questions. 220 00:12:13,880 --> 00:12:15,720 If the money changes, what else changes? 221 00:12:16,160 --> 00:12:19,280 If trust in our system changes, what else changes? 222 00:12:19,440 --> 00:12:22,800 And if your ability to be sovereign changes, what else 223 00:12:22,800 --> 00:12:25,200 changes? Price is volatility, but truth 224 00:12:25,280 --> 00:12:27,560 endures. Diamonds are forever, but are 225 00:12:27,560 --> 00:12:27,880 they? Though? 226 00:12:28,120 --> 00:12:31,080 Bitcoin is not dead, it's revealing more of itself every 227 00:12:31,080 --> 00:12:32,960 single cycle. Thank you so much for watching 228 00:12:32,960 --> 00:12:34,600 this video. If you like what you see and you 229 00:12:34,600 --> 00:12:36,400 want to see more, make sure you hit that like button below. 230 00:12:36,400 --> 00:12:38,840 Or you can subscribe to the Simply Bitcoin channel for more 231 00:12:38,840 --> 00:12:40,880 content like this. We're coming out with it every 232 00:12:40,960 --> 00:12:43,320 single day, guys, every single day. 233 00:12:43,440 --> 00:12:45,680 Also, if you want to leave us a comment, feel free to. 234 00:12:45,880 --> 00:12:50,320 We get many many comments from our chat bot friends in the poop 235 00:12:50,320 --> 00:12:54,160 coin community. Also, don't forget to hit that 236 00:12:54,160 --> 00:12:56,400 notification bell. I'm oceans this is beyond 237 00:12:56,400 --> 00:12:57,720 Bitcoin. Until next time.