Don’t Tell Anyone How Bullish You Are About Bitcoin

If you found a treasure map, would you post it on social media? Would you tell everyone you met about it? Would you make photocopies and staple it telephone poles? You wouldn’t. And I will argue two items in this piece: #1 why you aren’t bullish enough about Bitcoin, and #2 why you should stop talking about BTC and try to stack it while you can.

After years of attempting to convince friends and family to purchase Bitcoin, barely anyone has done so. I have written dozens of blogs about why everyone needs to hold some Bitcoin, how I believe DCAing is the simplest and most user-friendly way for accumulating it, and why it’s an ideal retirement asset. I’m not sure I have convinced a single person other than myself.

And that’s ok. The reality is that you can’t convince anyone to invest in Bitcoin. They have to convince themselves. If someone is unwilling to do the critical thinking and decision-making required to sell their fiat into BTC, as they famously say, “They will pay the price they deserve to get Bitcoin at.”

So first, let’s look at why you aren’t bullish enough about Bitcoin, and then we’ll dive into more detail about why you need to shut up about it and let people figure it out on their own.

You Aren’t Bullish Enough!

People in crypto are hellbent on thinking that history must repeat and that every cycle is the same. This makes a lot of sense as the halving cycles have all had similar paths and the cycle-theory is a self-fulfilling prophecy. Am I saying the cycle theory is broken? I don’t know, and for now, I don’t care.

What I care about is taking advantage of this once-in-a-lifetime opportunity. If you could not get Bitcoin below $5,000 this is probably the best (and possibly last) chance to make life-changing wealth with Bitcoin.

I say this because, at the time of writing, Bitcoin carries a $1.2 trillion market cap. Looking at any figure other than the $1.2 trillion doesn't make sense. Since most of the Bitcoin supply is in circulation (93.5% of maximum supply), inflation isn’t going to eat away significantly at the value of this asset class.

The $62K price tag is a misnomer because, ultimately, the market cap determines your returns. Its high cost per Bitcoin is an advantage because it keeps people unable to understand math from securing the asset today.

Now, focusing on the $1.2 trillion (last month, it was $840 billion) market cap, it’s value can increase beyond logical comprehension because of it’s scarcity. For example, imagine a bar with five females and five males. Every female may get attention, but more realistically, one or two garner most of the attention. Now, imagine that same bar with 75 men and the same five women. Each woman will have a line of guys trying to talk with them.

This is what is happening today with Bitcoin. The bar is running out of females and an armada of sailors are arriving to port every…single…day. Here are some things to think about:

• $7.6 billion in net inflows have entered the Bitcoin ETFs within the first two months of trading. This is, on average, $234 million per trading day. The net inflows will likely increase soon since DCG and GBTC are running out of Bitcoin to sell.

• Vanguard’s CEO recently “retired” after over 30 years with the company. This is all within two months of not pursuing BTC ETFs for their clients. I wonder how many investors took their money from Vanguard never to return it. Ordinary investors with Vanguard, Merrill Lynch, and Bank of America who missed out on the BTC ETF will now pay massively higher prices than they would have. Wall Street has made it very clear they are embracing Bitcoin.

• There’s nearly $38 trillion in wealth in America’s retirement plans. If 10% of this gets funnelled to Bitcoin that equates to a $3.8 trillion injection (market cap today is $1.2 trillion). Everyone wants to estimate 1–3%, but nearly everybody who invests in Bitcoin invests more over time.

• Most developed countries will soon follow the US’s leads and greenlight Bitcoin ETFs. This will lead to more trillions in capital to secure the most precious digital asset.

• Remember how I said that most people are mathematically challenged? Instead of worrying about only owning 0.001 Bitcoin (worth $62 today), the ordinary person can now own two shares of IBIT for $72. It’s like a 1,722 stock split. CEOs have minted trillions using this mental illusion of stock splits to convey increased value.

• Gold investors are growing tired of looking at their lackluster returns. Gold’s value has increased 23% in 10 years. Meanwhile, Bitcoin has increased nearly 50% in 1 month! Gold is inferior to Bitcoin in nearly every way. I could write an entire article about this. It’s like comparing candlelight to electric lights. So, where are they going to move their underperforming funds? Bitcoin!

• Once the all-time high hits, the FOMO will be insane. People who missed Nvidia or have been waiting for their Tesla stock to revisit highs will hammer their keyboards to buy Bitcoin ETFs. Purchasing stock is easier than ordering from a fast food app. As the price increases, pullbacks will be bought more aggressively.

• The halving hasn’t even happened yet. Daily miner supply will drop from 900 to 450 new Bitcoins daily. This will relieve approximately $28M in daily selling pressure at today’s valuation.

• The ultra-rich are playing catch up on their Bitcoin bags. The biggest fear before was that governments would ban Bitcoin. Now that the US has given Bitcoin the official greenlight, oligarchs worldwide can allocate more of their vast fortunes to Bitcoin. Once they have accumulated their bags, they will shill it to everyone else to help pump the price.

• Some of the best and well-compensated ̶s̶a̶l̶e̶s̶m̶e̶n̶ advisors are now going to earn commissions by having their clients in Bitcoin ETFs. Now, they will need to educate themselves on the subject to effectively position their clients in what will be the best-performing asset. If they don’t, their clients will take their money (like what is probably happening at Vanguard, Merrill Lynch, and Bank of America) to someone who will position them better.

“Three things cannot long stay hidden: the sun, the moon, and the truth.” -Buddha

I’ve just shared ten reasons you need to be more bullish about Bitcoin today. If you have anything to add, I implore you to add your ideas in the comments section.

If you’ve read this far, you are probably already convinced of the value and opportunity Bitcoin brings. You would have stopped reading long ago if you didn’t understand the Bitcoin value proposition.

Now, I will share why you must keep this information to yourself. For people to collectively embrace the value offered by Bitcoin, they need to understand how it works. And if they want to understand how it works, there are an infinite number of sources online where they can do the research. Let them do their homework. Don’t try giving them the answers.

If someone reaches out to you and asks for your help, you want to share your insights. However, pushing them to comprehend Bitcoin is no longer necessary if they haven’t looked at Bitcoin. Also, you could be cutting off your own feet. Barring a major black swan event, Bitcoin will hit $100,000. And at that point, you’ll wish you secured more at five digits instead of 6.

Instead of spreading the gospel, leave it to the well-paid financial industry. Let them earn their fees. Instead, focus on your game plan for securing as much Bitcoin as possible before the Bitcoin rocket leaves the atmosphere. Whether that be Bitcoin or ETF holdings, find the level of exposure you are comfortable with and make that a reality.

What We Are Witnessing

Bitcoin is undergoing a metamorphosis similar to Las Vegas when it transitioned from being run by organized crime to Wall Street. I’m not here to judge whether that’s good or bad. However, I’m here to say that Wall Street knows how to increase the value of something exponentially.

The clock is running out for you to stack some Bitcoin before it reaches the tipping point. Once it hits $100,000 per Bitcoin, seeing up $5,000 or down $5,000 days won't be unusual. More importantly, keep an eye on the market cap. In my opinion, anything sub $2 trillion can provide an excellent entry.

Let me know what you think. Am I getting too high on my own supply? Will the laws of supply and demand be defeated by low IQ investors who expect drawdowns to sub-$500B market caps because the charts must regress? Is Ethereum going to flip Bitcoin like the popular old wives’ tale?

If you agree with me, please clap for the article. It helps increase its circulation. If you disagree with me, please comment why, as that also helps increase the circulation.

This information should not be taken as investment advice. I am no more qualified to give financial advice than to dance like a ballerina. Digital assets like crypto and NFTs involve risk, so you should always perform due diligence before investing.

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