I get approached by people in real life and online frequently who don't understand
the Bitcoin and crypto market cycles.
To the normal person, looking at a $60,000 Bitcoin or a $2500 Ethereum,
it certainly seems like that could be the top of the market.
The numbers are crazy.
But I get stared out like I'm insane when I explain to those people
we aren't even close to the top of the market.
If you don't understand,
or you get asked questions frequently by other people whether or not we're at the top,
then this video is for you.
This is how you become a Bitcoin millionaire.
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Now, in this video we're going to be talking about why Bitcoin is not near its peak.
We're going to be going over data on the Bitcoin market cycle
and show you that we're just in the middle of this bull run.
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Today, we are talking about how you can become a millionaire with Bitcoin and crypto.
Seriously.
So let's get into it.
A few weeks ago I was visiting some folks, and somebody came up to me and he said,
"Hey, I hear you're into crypto.
I've been looking into this Ethereum thing.
All my friends are putting money into it,
and I'm trying to warn them it's at the top, and they should get out.
That's the smart move, right?"
So, keep in mind, at this point, Ethereum was right at $2,000.
I looked at him and I said,
"That's terrible advice. It's not close to the top."
He looked at me like I had two heads.
And then he said,
"Last year, Ethereum was around $100. Right now, it's at $2,000.
That's a 20X.
There's no way it can do more than that."
If you've watched this channel for a while, you already know,
I don't believe we're near a top.
We have totally top secret information
that's extremely public knowledge.
The thing is finding crypto information is easy, but it's something you have to actively be looking for.
You don't just stumble into crypto.
And if you accidentally end up watching a crypto video,
you won't watch it very long unless there's something specific you're looking for,
or you've already committed to learning about crypto,
which, in the latter case, you wouldn't have accidentally stumbled across the video.
There's a reason that people in crypto get rich.
It was certainly strange being at the conference in Miami last week
and being around the same people I was around two years ago at conferences.
Normal guys and gals--
well, except for Kenn Bosak.
I don't think anyone would classify him as normal.
He's one of my best friends in crypto for sure.
But there is one major difference between those people two years ago and those people now.
They're almost all millionaires now.
Anyone who went through the bear market, dedicated to crypto and had unwavering faith in Bitcoin
should be a millionaire by now.
And if they aren't,
then they're close.
And they will be by the end of this bull run.
The question is "Why?"
And the answer is actually quite simple.
The dedicated people in crypto understand the market cycles.
They are extremely predictable,
unlike anything we've ever seen in the history of world assets.
Bitcoin has supply and demand built into its design.
The Bitcoin halving event is what actually controls the entire Bitcoin market.
Now, as a refresher for those of you who know,
or maybe new information for newbies,
the Bitcoin halving is when the production of Bitcoin is cut literally in half every four years approximately.
It's actually every 210,000 blocks.
But I digress.
Miners who are mining Bitcoin receive what is called a block reward for their work.
This is their incentive to keep working in the field of mining.
They get paid in Bitcoin for pushing through blocks.
What you may not know is that these block rewards that are paid out
are actually the production of new Bitcoin.
So the miners are the ones bringing in new Bitcoin.
Right now, there are 900 Bitcoin on average being created every day.
After the next halving in 2024, there will only be 450 new Bitcoin created per day.
Between Grayscale, PayPal, MicroStrategy and Square,
alone they're buying over 2000 Bitcoin per day.
Meaning between these four companies,
they're buying more than the new amount of Bitcoin created per day.
And, of course,
this is not counting Tesla and other corporations we know were adding Bitcoin to their balance sheets.
So, if they're buying over 2000 BTC per day,
and there are only 900 new BTC created each day,
it's easy to see what's happening.
This is the secret sauce to understanding how to become a millionaire in crypto.
Because of the insane demand and fleeting supply,
we already know the Bitcoin cycle should continue as they have before.
As long as the demand outpaces the supply,
there's no reason to think we will see a huge shift in the Bitcoin cycle.
Now, what I'm about to give you is my favorite stat in crypto frankly.
Like, the No. 1 most mind blowing trivia fact in our entire space.
You know that crazy math problem where someone asks you whether you would rather get $1 million
or start with a penny per day, but each day it doubles for a month?
The answer is crazy!
By the end of one month, you would actually have over $5 million!
It's the compound interest that gets you.
But with Bitcoin, it's compound deflationary principles that get you.
Think about this.
Bitcoin was created in 2009.
12 years ago.
There are currently almost 18.7 million Bitcoin circulating in the supply.
So over 12 years, through the mining rewards, 18.7 million Bitcoin have been created.
The last Bitcoin ever will be mined in the year 2140---
119 years from now.
Now, during the current Bitcoin cycle, from 2020 to 2024,
there will be 1,312,500 Bitcoin mined.
During the last cycle, from 2136 to 2140,
there will be a grand total of one half of one Bitcoin mined.
That is so crazy to wrap your mind around.
So in 12 years, 18.7 million Bitcoin created.
Over the next 119 years, only 2.3 million more will be created.
That is insane!
These deflationary principles are crazy,
but what's even crazier is that most people don't know this
even though it's out there for everyone to see.
Once again, this is secret information basically no one else has.
Crypto millionaires understand this. It's how they became millionaires.
So here's the point.
We understand Bitcoin has market cycles based upon this special halving event.
This is the dumbed down version of how this cycle goes.
The halving occurs.
Bitcoin goes up for a year and a half.
Then it plummets 85% over the next year to find a bottom.
Then goes up slowly for another year and a half.
Then the halving occurs.
The long and short of it is that Bitcoin goes up for 75% of the four-year cycle.
But kind of the way it happens is that that one year it drops 85% is so brutal
that even when the price moves up slowly for the next year and a half,
it still feels very bearish.
It's due to the fact that Bitcoin doesn't come close to its all-time high again
until well after the following halving.
So in the last cycle, let's put numbers on this.
Bitcoin peaked at $20,000,
then dropped all the way down to below $3400 in December of 2018.
So over 2019, Bitcoin spent most of the time around $6K
with one brief run-up to $14,000 and then back to $6K.
Now, that run-up was based on the PlusToken Ponzi scheme,
but that's a whole different story.
After Bitcoin touched $20K and went down to $3400,
$6K was almost a 100% gain from the low point.
But it doesn't feel very bullish.
But the fact is it is bullish.
Buying bottoms and selling tops is a proven strategy to maximize your gains.
So when you understand the cycle pattern,
you understand when these tops and bottoms are.
And the fact is almost every indicator we have is showing that we are nowhere near a top.
We're basically in the middle innings of this bull run.
Now, as the later innings come about,
it will be time to start planning your exit strategy.
So here's your mission,
the steps that will lead you to becoming a millionaire in crypto.
No. 1: Study and understand the Bitcoin market cycles.
No. 2: Exit the markets at the top of the cycle.
No. 3: Buy back in near the bottom of the cycles diversifying between Bitcoin and altcoins.
No. 4: Rinse and repeat.
You cannot fail when you use this strategy.
But that's just one guy's opinion.
Let me know what is your Bitcoin millionaire strategy down below
and let me know how crypto is going for you.
That's all I got.
Be blessed.
BitBoy out.