 Did you guys see the latest Bitcoin price today? Let me just double check. It's $897 Canadian for one Bitcoin. Talk about inflation. And there's a saying, I think Charlie Munger said it the best. If the crowd is going right, you go left. So what's happening right now in Bitcoin I think is a lot of speculation for pricing, same thing like stock market and a lot of hoarding going on in China right now. I think personally, it's not a good time to buy Bitcoin. If you're looking for investment, I view Bitcoin more or less kind of like gold as a security. And if you look at that curve of Bitcoin for the last two years, it's been more stable than gold. But a lot of people are getting trapped into and this is a whole crowd mentality, the crowd effect. If you follow the 25 cognitive biases is monkey see a monkey do. Other people are investing, you know, currency investing in Bitcoin. So others believe it's a good investment. When in reality, they don't understand the concept of it. And I'm not here to tell you I'm an expert far from it. However, I do believe in human psychology. I look at past history. So if you look at the past history of Bitcoin, the ebbs and flows, the macro and macro cycles, you can see there's been two big bubbles already. So it's been super highs in the past with crashes. And if we can look even at stock markets, it happens the same thing. You got highs and lows, real estate, you got real estate bubbles, boom, they burst, everything falls apart. And Bitcoin's a little bit different because they have, based on the algorithms, you're gonna have that halving coming in, I don't know, let's say December or maybe a little bit earlier than December, where the mining is gonna go down to 12 Bitcoins. So that's gonna change a whole paradigm and the relationship to the marketplace with everybody around the world. Right now, most of the hoarding, most of the buying is happening in China for political reasons. I would say a lot of the Chinese, mainland Chinese, that is, they're buying a Bitcoins to get their monies out of China. So that's one of the major driving forces around that. Second of all, the second major driving force would be the crowd effect. So when looking at Bitcoin right now, I would recommend, guys, you just sit back and relax and ride the roller coaster. And if you're looking to buy, wait till the whole halving thing is over. And if you really wanna get into it right now and be part of history, because I think Bitcoin has done amazing things, like honest to God with the cryptography and what Satoshi came up with or them who knows who it or what it is Satoshi, it has done wonders in the world. And right now we're at $9 billion market cap and it will rise, the block's getting bigger and more people are entering the network. However, I really do believe that people aren't really using the currency right now, they're just hoarding it. And that's why you see it around almost $900 Canadian. I wouldn't be surprised in the next two weeks you'll see a thousand American hit for Bitcoin, which has happened in the past. So if you're trying to get into the game, the whole cryptocurrency, I would personally hold off right now on Bitcoin and I would, you know, if you really wanna get into it, spend a couple of hundred bucks, don't be buying thousands of dollars in Bitcoin, but I would actually be paying attention to Ethereum, Vitalik Buterin's platform, which has a market cap of roughly a billion dollars right now. And it's pretty high right now. It's, I think it's exchanging for $17 or maybe 21 right now. It's at its highest it's ever been and it's gonna keep on rising. And I think how their block or their blockchain system is created and how Ethereum is created, I think it supersedes Bitcoin. I think it has way more potential than Bitcoin because it's not just for currency, it's for smart contracts. It's for transferring data from point A to point B. So vis-a-vis I can transfer land ownership, I can transfer you information, I can transfer you deeds, I can transfer you any legitimate important information that's valuable in the real world to the digital world, which has trillions of dollars of potential right there. So the whole thing with Bitcoin right now, don't get sucked up into the hype. If we look at history, if we look at what's been there and what's going to happen, it's already been written in the past. And I would highly recommend if you wanna understand ebbs and flows of stock markets and I'm not a stock market professional, I don't invest in stock markets per se. My specialty is startups, I love that stuff. However, I would say study Ray Dalio from Bridgewater, if not the most successful investor of all time, much more successful than Charlie Munger and Warren Buffett. He has a Bridgewater report that you can download on Google. So just type in Bridgewater PDF on Google and download it. His old weather portfolio is fantastic, something that I'm considering actually starting. So even though I'm not the most savvy when it comes to stock markets, just based on simple human psychology and studying history and studying the ebbs and flows, one can determine the course of the future to the best of their abilities and pivot as fast as possible. And that's why Ray has come up with the old weather portfolio. So going back to Bitcoin, it's exciting, it's fascinating what's going on right now. I know Japan is recognizing it and more and more people are seeing it in mainstream. I see small coffee shops accepting it here and there. However, I think the general zealots, the general evangelists of Bitcoin right now, they're not really using it per se as a currency but using it as a safeguard such as gold, which maybe that's what Bitcoin will become. But if we're looking at actually creating a currency from it, it can't be $800 Canadian, it has to drop down to like $100, $200. So there you have it. Don't get sucked up in the hype of Bitcoin right now. Wait a little bit, wait till like December then buy some or put a little bit of money right now, pay a little bit closer attention to Ethereum and what they're doing and you know, don't just be following with the crowds. Don't just be following what people are doing. Do your own due diligence, study the past, study successful investors from the past, study Ray Dalio, study Charlie Munger, study the best, study the masters and then observe and see what's going on as opposed to just reacting on your emotions. And just because you heard it from this guy or that guy that you're gonna do it, make your own critical choices based on extreme due diligence. Peace. Oh yeah, I forgot to mention. Leave a comment below this video. I wanna know, A, what's your take on blockchain and Bitcoin? And B, where do you see the future of blockchain and Bitcoin going? Peace.