FREAKING OUT about bitcoin right now? I’M NOT!
Joel Bomgar argues that Bitcoin’s current price of $67,000—down from its $126,000 all-time high—is not a reason to panic, but an opportunity. He frames the current bear market as a 'G-rated movie'—the least violent, most stable in Bitcoin’s history, with no major collapses like FTX or Celsius. Unlike past crashes that saw prices plummet 94% or more, today’s drawdown is mild by comparison. Bomgar emphasizes that Bitcoin’s value isn’t tied to short-term price swings but to its unmatched properties: global, censorship-resistant value transfer, scarcity (21 million coins), and near-zero transaction costs via the Lightning Network. He points out that every previous low has become a buying opportunity, and the current price is still well above historical floors. With institutions adopting Bitcoin, regulatory clarity advancing, and over a trillion dollars already stored in the network, he asserts that the asset is not just surviving—but thriving. His core message: if you’re rational, now is the time to buy more, not sell. The only thing that should freak you out is missing out on the next all-time high.
Bitcoin’s $67,000 price is a buying opportunity, not a collapse—historically, every bear market has ended in new all-time highs.
Bitcoin’s value is based on its unique properties: global, uncensorable, low-cost value transfer and absolute scarcity—no one can create more than 21 million.
The current bear market is the mildest in history—no major exchange failures, no grift, no systemic risk—making it a 'G-rated movie' where the main character always survives.
Every historical low ($2, $92, $3,200, $15,500, $60,000) became a floor because rational investors stepped in to buy—$60,000 is likely the new floor.
You can store Bitcoin securely with just 12 words memorized—no bank, no government, no physical asset to confiscate.
…and 3 more takeaways available in PodZeus
Why $67,000 Isn’t a Crisis
“If you buy it on sale, it'll perform even better than if you buy it when it's not on sale. Right now, Bitcoin is on sale.”
Bitcoin’s Historical Resilience
Bomgar maps five bear markets, showing that Bitcoin has always recovered from extreme lows. The pattern proves it’s the best-performing asset in history.
Bitcoin as a G-Rated Movie
“This is the least, you know, least severe bear market Bitcoin has ever experienced and you're watching a G-rated movie and people are like, but I'm afraid the main character is going to die. Are you kidding me?”
The Real Value of Bitcoin
Bitcoin’s value isn’t in price—it’s in its ability to store and transfer wealth globally, instantly, and without censorship. No government or institution can stop it.
The Floor Is Real—And It’s $60,000
“There is a price that Bitcoin absolutely will not go below because Bitcoin is an incredible technology with an incredibly valuable capability.”
“Nobody knows, but there is a price that Bitcoin absolutely will not go below because Bitcoin is an incredible technology with an incredibly valuable capability,”
“If you buy it on sale, it'll perform even better than if you buy it when it's not on sale. Right now, Bitcoin is on sale.”
“i can store my wealth in a way that nobody can confiscate it i can even memorize 12 words in my head and walk across borders anywhere in the world with my wealth”
Host
Bitcoin
other
Joel Bomgar
person
FTX
organization
Celsius
organization
Voyager
organization
Three Arrows Capital
organization
Clarity Act
other
Strike
organization
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