Bitcoin recently crashed from holding it down from the mid 80s
to a pathetically low 70s. Actually, it made it all the way
down to the 60s. It's in the 60s, meaning
thousands of people watch their portfolios drop 30 to 60% or
more. You've heard the headlines.
Bitcoin is dead. A bubble popped.
The narrative is over. But here's the first truth.
Bitcoin's life was never defined by a number on a screen.
If it were, than anyone who bought at 126,000 is already
dead money. And by the way, am I being
disrespectful for filming this at a cemetery?
Most normal people would stop listening at this point because
they anchor their perception of Bitcoin on price.
But you're not normal, right? Bitcoin is so much more than
just price. It's a new form of money.
So the question isn't is Bitcoin dead?
Question is, even after the recent price drop, does Bitcoin
still transform the way we think about money on oceans?
This is beyond Bitcoin. Look alive.
First, let's all bow our heads for a moment of silence for the
Bitcoin price. The Bitcoin Ogs actually aren't
that excited about Bitcoin anymore.
I mean first the index is at 0 so which is extremely varied
territory and it has been between like 0 and 10 for the
last maybe month and 1/2. Many hodlers must feel
frustrated after hearing these lines over and over again, but
this is kind of where you have to eat some humble pie and put
on your big boy pants. The main thing we must all
understand is Bitcoin isn't a chart.
So let's stop pretending the price chart is the full story.
Because if Bitcoin was just a price chart, then it died at
3000, it died. At 16,000.
It died at 30,000, and supposedly it's dying again
right now. But Bitcoin doesn't die.
What dies is people's misunderstanding of what it
actually is. And here's the uncomfortable
truth. Don't you just love those
ChatGPT lines? Before Bitcoin, most of us never
even questioned what money was. We questioned the banks, we
questioned government. We even questioned inflation.
But we never questioned the very thing that lies underneath all
of it. Even Michael Saylor said that
before Bitcoin, nobody actually understood what money was at
all. Take a look.
My observation with Bitcoin is before Robert asked me on his
show what is money, I had never questioned what is money and
then we explored it together for many, many hours and it.
And when I finished that expiration, my conclusion was
money is economic energy and and there has never been a perfect
vessel for the transfer, a perfect asset for the
transference of money in the history of humanity.
Therefore, every other academic before Bitcoin never understood
what money was. Not really, because at best, all
they could do was conceptualize A theoretical A theoretical
money. And no one in the history of the
world ever actually implemented A monetary system with a with a
proper money. They were always defective.
And because they were always defective, whether they're
seashells or glass beads or the like, that meant that all
economics was in essence mysticism and an art and
politics, but none of it was engineering.
You could, you could never engineer a proper economic
system until you had a proper understanding of money.
But even if I had a, if I had a proper understanding of money,
like it's like asking the question, what is steel 4000
years ago? And then you say, well, I
conceptualize a mineral that's so hard that it won't deflect.
Even if I pile up 100 story building.
I conceptualize that. And you say, I can imagine that.
I can imagine his magic. But then now you build 1.
Sailor isn't saying money was mismanaged.
He's saying money was never properly understood.
And if you don't understand money, you can't understand
economics, you can't understand politics, you can't understand
power. So when people are questioning
why Bitcoin is crashing, they're still asking the wrong question.
The question isn't why did Bitcoin go down, The question is
why did money work this way for 5000 years and suddenly stop
working? And this is where Bitcoins value
becomes obvious, not to markets, but to belief systems.
Because Bitcoin doesn't just give you a new asset, it gives
you a new lens to look through. It gives you a new lens to look
through. I thought I was a crypto savant,
you know? Every garbage coin I invested in
seemed to be doing incredibly well, but it was toxic Maxis on
Twitter at the time that convinced me that I needed to
study Bitcoin. You know, my ego told me I
already knew everything I needed to know, but it wasn't until I
read the Bitcoin Standard that I realized I knew nothing.
And so that sort of got me on my way to learning more about
Bitcoin and really understanding, I think, more
about economics and the world and investing and just how much
the system was rigged. Man, if that story doesn't sound
familiar, do you have a similar story?
Let me know in the comments. Basically invites you to rethink
everything you've learned in your entire life.
Satoshi opened a portal into cyberspace.
And when you go through it, potentially, in fact, when you
go through it, it offers the promise that you can remake and
perfect your property rights, your political rights, your
intellectual, you know, self, you know, there's this like, not
your keys, not your coin. And you talked about not your
keys. And I'm saying not your keys,
not yourself, you know, and, and, and so I guess the portal
invites you to reimagine yourself and reimagine
everything you ever learned. Listen to what Sailor's actually
saying. Bitcoin doesn't ask you to
optimize your portfolio, it asks you to re evaluate reality.
That's why people who have been through multiple cycles stop
reacting to price. Somehow I'm still reacting to
price. And this is exactly why people
like Jack Mallers don't flinch when Bitcoin drops 3040 or even
60% because they're not building for this quarter.
They're not building for this year, they're building for
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And are now nursing some pretty serious losses.
What would you say to them? I'd say the same thing for
people that bought Bitcoin at 126,000 is that, you know, we
are building for the long term, right?
This is a business that I plan to be the CEO of forever.
Bitcoin is a technology that's way bigger than just me or just
this company. It's going to last way longer
than any of our lives. And so this is a long term
mission to fix the money and fix the world.
And I don't really have any advice or tips for day traders
or, you know, Robin Hood option punters.
You know that those people are way smarter than I am at picking
the right stocks and picking the right times.
I build for the long term. I'm looking to rebuild society
and recapitalize society on sound money that nobody can
control and manipulate. And that's what I would say is
that this is a long term business.
I'm building for decades. We have no problem with the
volatility and nothing about who we are, our mission and what
we're building has changed. Did you catch that?
He didn't say fix the price, he said the money.
And that distinction changes everything.
If Bitcoin was just about price, volatility would kill it.
But Bitcoin is about monetary transformation.
Volatility is just the growing pains.
And even people who don't fully commit to Bitcoin, even
skeptics, are forced to admit something fundamental has
changed when they face the properties of Bitcoin.
Well, the evolution of Bitcoin over the years is 1 of the
things that has influenced changes in my view.
It has proven itself something like 10-11 years ago.
Imagine the programming of this. And here's the you throw it out
and that's the idea. It has not been hacked.
It has operated. It is built.
It has come an amazing way over that 11 years to be maybe
probably the most excited topic among a lot of people and has
been used and and is now has obtained, you know, the status
of having imputed value. At the same time, it is one of
those assets that is an alternative money.
I think we're entering an era where there's going to be a
competition of monies because of the printing of Fiat money and
the depreciated value. There will be a competition of
monies and Bitcoin is part of that competition.
Hey buddy, when Ray Dalio says competitions of monies, what
he's really saying is the current monopoly on the money
system is breaking down. But we all know monopolies don't
die quietly. They fight, they smear, and they
scare. So when you see fear in the
market, ETF selling, liquidations, panic, that
doesn't mean Bitcoin is failing. It means that the old system
probably feels threatened. Bitcoin isn't asking for
permission. It doesn't care about approval,
it doesn't care about your entry price, and it doesn't read the
headlines because it doesn't have eyes.
Unless you consider that we all are the eyes of Bitcoin.
The people who understand money and are more attuned money
already understand and like Bitcoin right now.
The people who are more preoccupied with like number go
up in the legacy system, have ETFs to go through it all.
Like we are slowly replacing feds, right?
Like and and on the Internet like nothing beats a lightning
payment, right? Like it's better than visa, it's
better than everything else. So like it's going to happen.
It's it's, it's just like you just got to exist in this and
make it pleasant. Let me show you this right like.
Because once you understand what Bitcoin is, you can't Unsee it.
You can't go back to believing money is neutral, you can't go
back to believing inflation is accidental, and you can't go
back to believing that the system is broken by mistake.
So no, Bitcoin isn't dead, guys. What's dying is the illusion
that money was ever fair, neutral, or stable to begin
with. Before I sign off, I want to
mention Club orange.org, formerly the Orange Pill app,
the global social network built exclusively for Bitcoiners.
Connect with fellow SAT stackers like yourself, find local
events, meetups and merchants, and grow your Bitcoin community
in real life. I'm on club Orange too and you
can reach out to me directly there.
If you want to you can DM me, I'm at oceans.
Special shout out to Mr. Michael out there in Jersey.
Thank you so much for your support and connecting with me
so far on cluborange.org. You got to remember bitcoins
value isn't in short term price action, it's in long term truth
discovery. Ask yourself these questions.
If the money changes, what else changes?
If trust in our system changes, what else changes?
And if your ability to be sovereign changes, what else
changes? Price is volatility, but truth
endures. Diamonds are forever, but are
they? Though?
Bitcoin is not dead, it's revealing more of itself every
single cycle. Thank you so much for watching
this video. If you like what you see and you
want to see more, make sure you hit that like button below.
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