BITCOIN BABY!!!

$100,000 Bitcoin Is Imminent!

3 years ago, almost to the exact day, I decided to write a newsletter explaining my personal thesis regarding Bitcoin.

Sidney and I were in the process of moving out of our Chicago apartment and our new life as full-time travelers was just about to begin!

I knew I wanted to start a newsletter about our travels that could serve as both a digital diary for us to always cherish, and as a way for our friends and family to stay up to date with our experiences.

In order to prepare for this new venture, I was practicing by writing about my other interests and hobbies (sports and Bitcoin for the most part 😂)

As many of you know, I became very passionate about Bitcoin during the 2020 pandemic. I found myself at a professional crossroads and suddenly had more free time than I knew what to do with.

I began to learn about the core principles behind Bitcoin, and eventually started my own YouTube channel talking about my Bitcoin journey and why I believe in it.

2021 was a life-changing year. The price of Bitcoin absolutely skyrocketed, which provided Sidney and I with the opportunity to fulfill a lifelong dream. We had always talked about our shared desire to travel the world, and now that we were so familiar with YouTube, we knew there was actually a way to make money while doing it!

3 years and 46 countries later, it still feels like a dream we are hoping we never wake up from. But with that said, those 3 years did not come without struggles.

During our travels in 2022, there were two major crashes across the cryptocurrency space that were both catalyzed by fraudulent companies collapsing.

While these crashes were actually blessings in disguise in hindsight, they caused a lot of frustration and stress in the moment.

The first crash occurred in May of 2022 after a cryptocurrency called “Luna” completely imploded. It was later discovered that the founder, Do Kwon, was solely responsible for the disaster.

He took major risks by backing up his cryptocurrency with borrowed Bitcoin that was highly leveraged. When the prices dropped, it caused a cascade and Kwon lost everything including his entire project.

After this happened, I decided to release a video on my original YouTube channel discussing the barebones basics of Bitcoin and why this Luna crash had absolutely nothing to do with the asset itself!

The panic across the markets was alarming. I felt the need to let my subscribers know that I truly believed Bitcoin was going to be fine. The only casualty of this event was going to be Luna and its investors.

To this day, I am more proud of that video than anything else I have ever released on that channel.

Here it is if you are interested in checking it out:

I felt that I was able to calmly explain what makes Bitcoin valuable in a way that anyone could understand.

It lays out my ENTIRE Bitcoin bull case in less than 20 minutes.

I even pinned a comment that I thought would be a great time capsule, documenting the date of the video being published and the Bitcoin price at that time.

Days like today are fun opportunities to look back on that comment because Bitcoin is currently up 970% since I released that video! 😊

The only problem is that no one was interested in hearing this perspective in the midst of the chaos. That video sadly only got around 300 views, and it ended up being one of the last videos I ever posted on that channel because I became so frustrated with the reactionary nature of the Crypto YouTube community.

It seemed the only way to get traction was to have bombastic takes about the next meme driven micro-cap crypto. Since I don’t believe any of those assets have real value, and investing in them is glorified gambling, I had no interest whatsoever in making that kind of content.

I wanted to be real. I wanted to be me.

Regardless of how many views that video has gotten, or will ever get, I am so happy that it is out there forever.

It will always be my perfect answer to the question “Why Bitcoin?”

Fast forward to November of 2022.

The second crash, which attracted far more media coverage, was caused by the collapse of the cryptocurrency exchange known as FTX.

The reason this made so many headlines is because FTX was a fairly well-known operation. They even had commercials featuring Tom Brady, Steph Curry, and Larry David!

Now in this case, it was not just malpractice but PURE fraud. FTX had lied about their holdings and actually used customer funds to place high-risk leveraged trades on some of the speculative micro-cap crypto assets I mentioned I have a distaste for.

Thankfully, many involved are now in prison including the CEO of the company, Sam Bankman-Fried.

Now ironically, the reason behind my stress and frustration through these chaotic times had little to do with the price drops. That actually provided an extremely opportunistic discount that is now looking like an absolute gift from the heavens!

The reason it was so frustrating is because it caused the general public to completely lose faith in cryptocurrency as a concept.

Everyone’s confidence seemed to have been shaken to the core.

During the raging bull market in 2021, so many people wanted to engage in conversations about Bitcoin with me and I was having so much fun sharing my thoughts!

After FTX, I got the impression that people considered Bitcoin “dead”. A failed asset. This broke my heart because I KNEW it was just short-term noise!

As tempted as I am to launch into a painstakingly detailed explanation about why Bitcoin is ironically the perfect antithesis to the fraud, corporate greed, and centralized power structure that caused the FTX mess, I will resign to saying this.

FTX has ABSOLUTELY NOTHING to do with Bitcoin. One is a decentralized peer-to-peer cash system that I truly believe will change the world forever, and the other is a fraudulent company who lied to their own customers and took advantage of the hype surrounding the crypto bull market.

There was a word association game happening where people assumed that Bitcoin and crypto as a whole had suffered some sort of devastating scandal. I tried so hard to explain that the collapse of FTX was not something to be worried about long term, but I felt like I was shouting into an infinite void.

I actually made another video about a month after the FTX dust had settled, but this ended up being the last video I ever released on the channel.

I once again felt that I put together an extremely useful piece of content, and it once again attracted a measly 280 views.

I decided at that point that it was time to move on from this project and focus all of my attention to the far more rewarding and exciting channel Sidney and I are building together.

But even as the public interest seemed to completely fade away from the asset I believe in with all my heart, I knew TODAY would come!

We are seeing all-time highs once again! The pattern has never broken form. Every time prices plummet, they ALWAYS recover completely and proceed to go even higher.

Bitcoin is the hardest and most reliable form of money that has ever existed in the history of humanity. I believe that this asset will be as important to human society as the implementation of the internet.

Maybe I’m wrong. But dammit, I believe! With how much it has already changed our lives, it is impossible for me not to believe at this point!

There will obviously be more price crashes. Many more. And when that happens, panic will ensue as it always does. But it is impossible to deny that over a long enough time frame, the price always goes up.

Michael Saylor, outspoken Bitcoin bull and CEO of MicroStrategy, once famously unleashed this classic one-liner in an interview:

“IT’S GOING UP FOREVER, LAURA!”

I could not agree with him more if I tried.

As Bitcoin continues to climb toward the remarkable benchmark of $100,000 US dollars per coin, I admit to feeling a certain level of vindication after the doldrums of 2022 and early 2023.

However, the point of this newsletter was not to persuade you to go buy Bitcoin. I am a firm believer that we must all do our own research when it comes to investing.

At the end of the day, it just feels so good to say some of these things out loud.

It was a long way back to the top!

If you are curious about the reasons behind my steadfast belief in this asset, I would absolutely love for you to watch those two videos, especially the Bitcoin Basics!

If you couldn’t care less about any of this stuff, then I sincerely apologize for the rant 😂

There will be a brand new newsletter next Friday recapping our travels in Thailand!

We also have some new videos up on YouTube. We are so excited to continue sharing our 180 trip around the world!

To everyone who has supported us and believed in us, I thank you with all my heart. It truly means the world 😊

I also want to wish everyone an early “Happy Thanksgiving!”

Sidney and I are excited to be back in the US on Thanksgiving for the very first time since our travels started!

Best wishes to all 🦃❤️