Latest / Brandon Fogal Evolution / #165 - Bitcoin Is Exploding—Is It Too Late to Get In?

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#165 - Bitcoin Is Exploding—Is It Too Late to Get In? · Brandon Fogal Evolution

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  Bitcoin has surpassed $120,000 per Bitcoin this morning.
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  It is going crazy, but is it too late to get into the game?
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  I remember when it was like 9,000 and people were like saying,
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  you got to buy Bitcoin, you got to buy Bitcoin.
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  And then it just plummeted and it fell or whatever.
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  And then they're like, man, those guys were, they were trying to screw you or something.
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  They're just trying to get something over you or something like that.
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  Like they got some they possess some hidden knowledge it
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  doesn't matter it's at 120 000 right now or like
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  122 or 121 000 right now and it's gonna
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  it's gonna fall we know it's gonna it's not gonna keep soaring
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  it's gonna fall but the overall trajectory of bitcoin is always trending up
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  and it's only gonna go up and it's only gonna go up so it's like can you get
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  in is it too late to get in and just get like rich maybe unless you got some
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  buku money already you might be able to get,
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  you might be able to make some bank, but either way.
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  Even when Bitcoin falls, I'm not even selling it.
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  I'm like, I'm holding on, I'm holding the line.
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  And it's because I know it's going to go up and Bitcoin, it's never losing value
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  overall because there's only so much out there that is available to be mined.
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  And it's, it's, there's only, there's like a limit, there's a cap on it.
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  And that's like the beauty of Bitcoin.
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  So right now you can see it's over 120.
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  So it's like, where are you at on this thing in this whole cryptocurrency?
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  I've heard like, like the, the other ones, the, all those other cryptocurrencies,
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  the little ones, those little baby ones that are out there, like those are kind
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  of like the dog stuff out there, the pink sheets, but it's like the good stock,
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  the great stock, the one that's going to last, You know, there's Ethereum.
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  There's also some solid ones out there that are strong, you know,
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  but the other ones are just like, I just saw there's Fartcoin.
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  There's a Fartcoin out there that you can buy.
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  There's, you know, there's a million. We can go down the list.
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  I have, it's good to diversify. I mean, it's smart to diversify if you can, but like.
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  Because I have some that I'm just like hanging on, like, what if they go crazy? What if they go crazy?
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  You would have looked insane if you were buying Bitcoin, you know,
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  and putting a lot into it when it was like $12 or a dollar or however much it
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  was when it first came out.
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  I actually want to look it up because I had it pulled up a second ago. I just want to read this.
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  Bitcoin is the first decentralized cryptocurrency based on a free market ideology.
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  Bitcoin was invented in 2008 when an unknown entity published a white paper
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  under the pseudonym of Satoshi Nakamoto.
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  Use of Bitcoin as a currency began in 2009 when the release of its open source implementation.
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  So I've heard like the guy like spent like almost a billion dollars on a pizza.
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  He had a couple pizzas delivered to his house back in probably 2012-ish or so,
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  or 2010, and he paid it in Bitcoin.
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  And he paid almost close to, it's probably over a billion dollars now and what
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  would have been two pizzas back then it's because this is like this is.
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  Digital gold this is digital gold and it's
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  it's like it's not going to lose its value the other ones are probably all those
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  other cryptocurrencies that are out there are probably going to hang around
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  but they're all going to be absorbed into this it's like bitcoin is going to
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  be the main thing i would say like it it it's never too late to buy in it because
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  this is the one that's actually going to last.
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  It's actually going to be strengthened. If you want to set a legacy or set something,
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  a nest egg for your family, your future, you know, I would say I'm not a financial advisor.
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  I got to throw that out there. But I would say it is a smart thing to put something,
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  have a little bit of in Bitcoin, because even like the USD currency, it's always like shaky.
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  It goes up and down, you know, and in Bitcoin, it does seem like it rides the market.
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  It rides the stock market. If it's doing good, it's going up.
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  I think people are pumping money into it, but like, it's, it's really determined
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  by those whales that are out there.
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  Those whales that have just like, and I'm just thinking about this unknown,
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  this guy out there that just invented Bitcoin,
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  you know, but he, but the way that he did it, the algorithm and the way that he set it up is just like,
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  it had to be, it's almost like something like was divinely inspired to put that
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  together because the way that it's put together and just it's,
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  there's only so much out there that's available to get.
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  And once we reach it, you know, it's like, that's like, it's almost like a gold
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  in itself because you can only find so much gold on this planet.
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  And that's why there's the gold standard and all that that we used to have.
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  And that's, I would almost relate Bitcoin to gold in itself,
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  but it's just the digital version.
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  It could be the one world currency that we eventually kind of get absorbed into,
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  you know, and everything goes that way.
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  But I mean, either way, like it's, it's a smart place to put your money,
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  I would say. But it's like, who's out there spending Bitcoin?
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  Like you say, you got some Bitcoin on you. You're not really going to the,
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  you know, 7-Eleven and dropping some Bitcoin. I want to buy my drink like this,
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  you know, I want to buy some Skittles or whatever.
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  It is playing the long game, but it is like, it's like, I would say it's almost
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  like the currency that's not going to get devalued.
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  It's going up and down right now because we're judging it based on the USD.
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  But overall, I would much rather have a bunch of Bitcoin than a bunch of US dollars, honestly,
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  because there's only so much of Bitcoin and the government can just print by fiat just more and more.
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  They're not even printing money. They've given up on that. That was all for show back in the day.
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  Now it's just like making numbers go up and down on a screen.
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  But I want to jump over to this. This is, you can kind of see this.
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  It says, this is the, from CNBC, Bitcoin surpassed 120,000 to record highs ahead
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  of U.S. lawmakers' crypto week.
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  Says, Bitcoin extended gains Monday, so that today, to hit a new milestone breaking
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  past 120,000 fueled by a rally in the cryptocurrency's ETFs.
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  The largest cryptocurrency by market capitalization traded at 121,921 at 620 a.m.
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  Eastern, according to data from Coinmetrics. Earlier in the session, it topped 122,000.
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  So it's like I've seen people online like they're saying, I think I'm going
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  to go to sleep and Bitcoin is going to be over a million dollars a Bitcoin.
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  And we're going to probably get away. Like it's going to eventually.
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  This is why a few months ago I said the U.S. is going to get into this. This is the government.
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  They're gonna try to basically take over Bitcoin.
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  I really believe that. I think that will happen because.
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  And I'm surprised that there's got, there's got to be a reason why these countries
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  out there aren't like just, just sweeping it up and just grabbing all of it.
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  Because I know it's like to try to get decentralized, but it's like,
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  we used to have Fort Knox.
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  We had a bunch of gold that we supposedly had. And then it was just,
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  you can't, you don't see it anymore.
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  You know, they talked about, oh, we're going to go in and check it out.
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  Is it, is that gold still there in the, in the vault?
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  I'm just surprised that the U.S., maybe they're just doing it under the scenes,
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  behind the scenes, where they don't want people to actually to see what they're doing.
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  But whoever is going to own just the vast majority of Bitcoin is going to like,
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  who has the gold makes the rules?
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  That's where we're going to go with Bitcoin. And I'm surprised it hasn't been
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  bigger up until this point. I'm really surprised by that.
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  And I would love to hear some financial guy or some guy that's just like knows
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  so much about this stuff. Why aren't they doing that?
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  And why doesn't the U.S. just say like just, they got all this money they can
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  print by whatever and Bitcoin's being judged by the USD currency.
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  Why aren't they just taking it on? Why aren't they just like using it as like
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  the standard of the U.S.? Why aren't they just buying all of it?
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  You know, they can print whatever they want. So why don't they just buy it all?
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  And I think that's where it's eventually gonna go. this is like this is the
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  next level it's a this is where we're at right now where everybody's getting
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  like a little hand they're i'm gonna try to buy a little buy a little you know
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  and what you can get is pro is probably going to be worth its weight in gold maybe that's a bad way of.
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  I think it would be a smart thing to have some because eventually,
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  you know, it's going to be blocked off.
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  It's not going to be available there anymore. And then people are going to maybe
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  just make up these fart coins and all this to try to like, but they're going
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  to be, they're not going to have the same value.
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  It's going to be just next level with Bitcoin. So I would say get in on it if you can.
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  And I would almost say just, just like, if you can buy a little bit, have it set up.
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  So you are buying so much at a time, like maybe per week or per month, just a certain amount.
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  It doesn't have to be a lot, but setting up that you're getting some in your,
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  in your bank account, getting some in your possession, your digital wallet, just getting some of it.
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  We always, it's not the best time to buy when it's the high,
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  because right now it seems like it's the high and everybody wants to run towards it.
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  But I mean, I don't think it's going to drop dramatically like it has in the past.
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  And every time it has dropped, it's always exponentially went up higher and higher.
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  It's always doing that. You know, it's going to be going back and forth based
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  on those whales that are out there that are buying and selling and they're just
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  playing their own game, you know, but the regular people out there,
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  if you can get a piece of it, I would say, you know, even though I'm not a financial advisor. room.
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  All right. I wanted to talk about Bitcoin because it is going bananas,
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  but where are you at with this? Is it too late to get on, get in on it? I don't think so.
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  Too much. Is it too late to get like extremely rich by it?
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  I mean, I guess it depends on how much money you have starting out,
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  but it would still be wise to put something towards it.
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  I would say, especially for the future and your family's future. All right.
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  All right. So I hope you have a wonderful day. If you can follow me on X and
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  Instagram at at Brandon Fogle. Have a great day. Peace.