On the latest episode of Cointelegraphโs Market Talks, host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin investment thesis and his unique perspectives on how the assetโs price could eventually rise into seven-figure territory.
Broyles said that in 2020, he realized the bond market was broken. While searching for alternative investments, he discovered Bitcoin as a sound option. When asked about his Bitcoin investment strategyย and how he stomachs the volatility, Broyles said:ย
โI do not own bonds. I have sold off 97% of my stocks over the past three years, and Iโm selling off the last 3% this week actually, so itโs funny that you ask that. By the end of this week, the only three assets that I will own will be U.S. dollars, aka cash, the best political currency in the world; second, real estate; and third, Bitcoin. Thatโs it. And I sleep better now than I did with a diversified portfolio.โย
Everything is overpriced and should crash
Another key factor backing Broylesโ Bitcoin investment thesis is his belief that โeverything is overvalued, nothing makes sense, and everything should crash; however, we donโt want to deal with it. Politicians donโt want to deal with it. Lawyers donโt want to deal with it. I, as a real estate investor, donโt want to deal with it.โ Broyles believes that stocks, healthcare, real estate and the education industry are highly overvalued, so people are losing faith in the dollar and their dollar purchasing power โ which highlights the allure of Bitcoin as a supply-capped asset.ย
โIf we have a credit unwind, of course weโre going to print ourselves out of it.โย
Related: The future of BTC mining and the Bitcoin halving
When is it too late to invest in Bitcoin?ย
When asked whether there is a particular price where it becomes โtoo lateโ for investors to consider buying Bitcoin, Broyles made the analogy of a sinking ship and suggested that for those on the boat, itโs never too late to exit.ย
โAt no point is it ever too late to buy Bitcoin, but it will be too late to exit bonds and to exit fiat.โย
Listen to the full episode of Market Talks on the new Cointelegraph Markets & Research YouTube channel, and donโt forget to click โLikeโ and โSubscribeโ to keep up-to-date with all our latest content.
