The market finally gave people the confirmation they wanted. At a much higher price.
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TIME TO READ: 5 MINUTES


Hey Friend,


Bitcoin just did it again.


A week ago it was trading near $63,500.


It just blew through $72,000.


More than a 20% move in a matter of days.


Almost immediately, everyone who was still waiting started asking the same question:


“Did I miss it???”


That brings us to today’s issue…

  • The Bitcoin pattern that never changes
  • Why did Bitcoin move now?
  • Was that the bottom (or do we have more to fall)?
  • What $40 trillion in government debt has to do with this rally
  • The question I’m putting to James Lavish, Matt Cole, and Jeff Vandrew




MAIN FEATURE


The Bitcoin Pattern That Never Changes


I hear this constantly:


“I wish I bought Bitcoin when it was cheaper.”


But here’s what nobody wants to admit…


When Bitcoin was cheaper, you probably didn’t want it.


When Bitcoin fell below $16,000 in 2022, people weren’t excited about the buying opportunity. They were convinced it was going to zero.


When it traded near $61,000 earlier this summer, people weren’t rushing to accumulate. They were waiting for the cycle to turn around.


Now it has rallied more than 20% in a week and people want confirmation that it’s safe to buy.


This is the pattern that never changes.


In 2011, Bitcoin reached $30 and then crashed to $2.


“See? It was a bubble.”


In 2013, it climbed above $1,000 and then fell below $200.


“Definitely a bubble this time.”


In 2017, it reached nearly $20,000 and then crashed to roughly $3,200.


“I knew it was going to zero.”


In 2021, it reached $69,000 and then fell below $16,000.


“Crypto winter. It’s over.”


Then Bitcoin climbed to an all-time high above $126,000.


And when it fell back toward $61,000 this year, the same fear returned.


Now Bitcoin is rallying again, and the same people are saying:


“I wish I bought last week.”


This isn’t really about Bitcoin.


It’s about human psychology.


People feel safest buying after the price has already gone up. Then they panic after the price has already gone down.


They want certainty before they act, but markets charge a premium for certainty.


By the time the story feels safe, the price has usually moved.


That’s why the people who have built the most wealth with Bitcoin weren’t trying to predict every short-term move.


They understood the long-term thesis:


Bitcoin has a fixed supply.


Government debt continues expanding.


The purchasing power of fiat currency continues declining.


Institutional infrastructure continues developing.


And the Bitcoin network continues operating, producing blocks and enforcing the same monetary policy regardless of the headlines.


They didn’t buy because they knew exactly what the price would do next week.


They accumulated because they understood what they owned.


That distinction matters.


If your conviction comes from a rising price, your conviction will disappear when the price falls.


If your conviction comes from understanding the asset, volatility becomes something you prepare for instead of something you fear.


There will be another pullback.


There will be another frightening headline.


There will be another moment when people declare Bitcoin dead.


The question is whether you’ll have a plan before that happens.




HEADLINE OF THE DAY


Why Did Bitcoin Move Now?


The timing wasn’t random.


This week, United States government debt crossed $40 trillion.


At almost the exact same time, the Treasury announced that it would at least double the size of certain long-term bond buybacks.



The Treasury is trying to support liquidity in the bond market while the government continues adding debt and refinancing existing obligations at higher rates.


This exposes the central problem facing the financial system:


The government needs to borrow more money, but it cannot comfortably tolerate the borrowing costs that the market wants to charge.


Something has to give.


When the Treasury announced the expanded buybacks, bond yields initially fell, the dollar weakened, and capital rushed toward scarce assets.


Gold rallied.


Bitcoin exploded.


The market was responding to the same monetary reality Bitcoin was designed for.


Governments can create more currency.


They can issue more debt.


They can intervene in financial markets.


But they cannot create more than 21 million Bitcoin.


That doesn’t mean Bitcoin moves upward in a straight line.


It means the long-term case for owning scarce assets grows stronger as the liabilities of the existing system grow larger.



MY FREE SPECIAL EVENT



Was That The Bottom???


That’s the question everyone is asking now.


Does reclaiming the 200-day moving average mean Bitcoin’s bottom is in?


Was this rally primarily a short squeeze, or are we seeing the beginning of a larger shift?


Where would the next wave of demand come from?


ETFs?


Corporate treasury companies?


Institutional investors?


And if this is the beginning of Bitcoin’s next major move, what should you be doing now to prepare?


I’m partnering with Unchained to explore those questions in a live fireside conversation on September 1.


I’ll be joined by:

  • James Lavish
  • Matt Cole from Strive
  • Jeff Vandrew from Unchained

We’re going to discuss:

  • Whether this week’s move suggests the bottom may be in
  • The catalysts that could drive Bitcoin’s next leg
  • Where the next wave of institutional demand could come from
  • How to prepare your custody and long-term plan before the market moves again

We’ll also take live questions from the audience.


Register here to join us live and bring your questions →



BEFORE YOU GO


IF YOU’RE READY TO BUILD YOUR WEALTH OPERATING SYSTEM…



If this rally made you feel like you need to do something immediately, don’t let a green candle make the decision for you.


Use it as a reminder.


Your Bitcoin strategy needs to be built before the next major move, not during it.


Understand why you own it.


Decide how much exposure is appropriate for you.


Establish your time horizon.