BTC Investing Wisdom w/ Marty Bent
Dumb Money w/ Matt Kohrs
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Get it you're invested in bitcoin. You love it. But are you dollar cost cost averaging at this level or do you think. There's still a little bit pain in btc and you're waiting to dollar cost.

Average. A bit lower than the current price of roughly is 20 ish k. Um. Again.

I don't try to predict price. I've tried to do that in the past it could certainly go lower certainly could not uh that's on our show. Rabbit hole recap one of the podcasts. I do my co host matt o'dell has been saying for years to stay humble and stacks at so a lot of my company revenues and bitcoin.

So i'm still invoicing in bitcoin month in a month out um. I have excess cash. I dump it into bitcoin as well um. I'm in always in okay accumulate as many sats as possible mode.

Satoshi assat is the smallest denomination of a bitcoin um. And yeah. So i mean i'll continue to be invoicing a bitcoin and buying bitcoin throughout the summer regardless if the price goes lower or higher. If it goes lower and i'm able to stack more sets um.

I'll be happy um. I won't depend on that. But yeah. I mean in the context of fed policy and bitcoin's existence in regards to that policy.

I mean the dollar system is is when you when you count like credit exposure. Hundreds of trillions of dollars of an ocean and bitcoin right now it's a 350 billion dollar market cap. I believe or around 400 billion um. So in the context of bitcoin compared to the dollar system to queen's a nat on the elephant's ass.

Where the elephant uh moves a lot and that could be affected um. But again. I think this is just a product of the nations of of bitcoin and where it is in its overall history. Which i think will be a very long one.

And so yeah. I see it as an opportunity uh. If it does go lower just add more sats um. But yeah.

I think the fed continues to raise rates. And you have these contagion events. Continue where you have a people. Delivering um to to get more dollars as interest rate goes up a lot if if there's a lot of leverage in the bitcoin system.

Still there could be more sell offs. But i do think with celsius tara three arrows and uh voyager now a lot of these blow ups happening. And we're seeing a lot of miners sell bitcoin and mass in the last couple weeks. I'm actually relatively surprised that the the prices held up this well uh considering all that and so i do think that bitcoin uh.

The bitcoin ecosystem is significantly delevered um compared to where it was earlier this year uh again i don't make any price predictions. It could certainly go lower uh could stay even it could go higher um. Maybe the goal should always be just to stack as many stats as possible in my mind.

3 thoughts on “Btc investing wisdom w/ marty bent”
  1. Avataaar/Circle Created with python_avatars Salvatore Piazza(AKA THA GAMBLA) says:

    I bought 1 Bitcoin at $17,800

  2. Avataaar/Circle Created with python_avatars thenags says:

    πŸ’ͺ🏼

  3. Avataaar/Circle Created with python_avatars PopularLoner says:

    BTC at $13
    ETH at $800

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