Will Bitcoin Hit $400,000? | THE TRUTH
Ver Vídeo: Will Bitcoin Hit $400,000? | THE TRUTH
Will Bitcoin hit $400,000? It will – and this is why
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Bitcoin. You’ve probably heard of it. Some people think it’s a scam and other people treat it like a religion, in this video, I wanted to put myself between the two and speak objectively of what makes good money and why Bitcoin even has value. The truth can be hard to see through the hype so first, what just happened to Bitcoin?
Bitcoin finally smashed through its all time record high of $20,000 for the first time ever. In today’s video I wanted to show you why that happened, and the price of Bitcoin is ultimately going to go and why.
Gold has historically been the best form of money that humanity has ever created – until now. Let’s see what makes good money valuable and why people think Bitcoin is the new gold. In order for money to be considered a “good money” it has to have 5 properties.
1. Divisibility. Gold, is not really divisible in it’s purest form, I can’t shave off a few chunks of gold and pay you with precisions. The dollar is only divisible up 100 times, which is 100 pennies. But with 1 Bitcoin, I can divide it into 100,000,000 pieces – those are called Satoshis which is an homage to the entity that created Bitcoin. Divisibility is important in moving us toward a more efficient on demand economy where can focus on consumption based taxes instead of income based.
2. Durability. Gold is bad because it’s easily melted and mixed with impurities, and fiat is arguably worse because you can destroy paper pretty easily too.
3. Rarity. That sounds like an easy thing to do but it took civilization forever to agree on a standard we were all happy with because the people who lived by the beach wanted to use sea shells which is obviously more abundant near the ocean. That’s why we used Gold because it was relatively evenly spread out, it was pretty hard to find, and it was like that for everyone around the world. The dollar however, is the exact opposite because it’s printed by the billions of dollars a day sometimes which is why they say your money loses value to inflation, because we keep creating more of them.
4. Acceptability. Money has to be accepted by society worldwide, whether it’s your local grocery store or the internet.
5. Uniformity / Fungibility. This means each unit of value is exactly the same. Bitcoin actually has a problem here that I think it will be solved in the future, but the problem is that we can track each Bitcoin’s origin from wallet to wallet meaning in theory, certain Bitcoins are tainted with criminal activity that can be repossessed by the government, while others can be seen as pure – obviously the pure ones are going to be more valuable than ones that are not. That problem will eventually be solved once Bitcoin solves privacy with techniques like shuffling or mixing.
So why is the price jumping above the all time high of $20,000? It’s finally now that respected hedge fund managers are starting to realize it for themselves which is why we’ve recently been seeing investors pour billions of dollars into Bitcoin – they finally see the light and understand that at this point, it has become more of a risk to not own any Bitcoin than it is to at least hold some.
But that’s the narrative, the reality is they’re all smart, and they, along with banks and corporations, have already been slowly buying for a long time while telling everyone else that it was a scam. Even the Chief Investing Officer, Scott Minerd of Guggenheim Investments – has publicly come forward in saying that his billion dollar hedge fund has been investing in Bitcoin since it was at $10,000 and his team thinks Bitcoin will eventually go to 400,000 per coin – that’s the fundamental value of it.
Coupled with economic uncertainty and the federal reserve’s stance on infinite quantitative easing – and we have a perfect storm. An asset class that’s going to continue outperforming everything else.
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
TWO videos in a day. Am I crazy? Or have I …. Met Kevin?
This guy is smart af
60K plus now 🚀🚀🚀🚀
Okay dont buy btc ? More for me!!
When everybody is afraid ill have profit!
I pay for month my house with crypto, i build a whole garden with crypto , i bought a car with crypto i lmfao for the people who doesnt take chances in there life!
Currently sitting at $59k how crazy that two months ago it was $21k
Bitcoin is the most profitable investment online if only you trade with a professional broker
all bitcoin will be destroyed tho, if the sun releasies so massive electro magnetic pulse, that all eletrciity in the world shuts down
You are in love Corrie O.
BTC is the netscape communicator of cryptos. If you compare cryptos to the internet, we’re in the 90s and BTC is the name of the game – but not forever. There will be better technology like Cardano, Dot and ETH 2.0, which will turn down BTC in longterm perspective.
Only one problem. Computers are constantly evolving and Bitcoin will be obsolete
“This one time at band camp “
I just received my 5th profit from Luiz. That guy is really amazing
Investing in bitcoin is the best investment anyone can do this season
Because bitcoin investment has made a lot of people millionaires
$100 on some mentos??? Why would I take financial advice from a guy who goes for a terrible deal like that xD
One of the most succinct explanations of Bitcoin I’ve ever seen. Love your work Andrei 🙏❤️
I love your enthusiastic style
dude love this video, I live in vegas but originally from cologne Germany 😀
The retracements get smaller every year, on average. the last retracement was 25% – 30%. i believe that as scarcity increases and as adoption increases, volatility decreases.
Bit/coin rose as high as $58,350 on Sunday before retreating to about $56,200 as of 2:30 p.m. in Tokyo on Monday. The token has roughly tripled in the past three months but its liquidity has deteriorated, according to Nikolaos Panigirtzoglou, a strategist at JPMorgan Chase & Co. “Market liquidity is currently much lower for B!tcoin than in gold or the S&P 500, which implies that even small flows can have a large pr!ce impact,” he wrote in a note on Friday. B!tcoin trád!ng volumes are around $10 billion daily for the spot and futures már:ket combined, compared with an equivalent figure of $100 billion for gold, Panigirtzoglou wrote. That’s consistent with “much lower liquidity in Bitco!n than in gold,” While others still continue to trádë without the fear of making lose, others are being patient. it all depends on the páttérn with which you trádé and also the sourcé of your s!gnals. i would say trádiing has been going smoothly for me after accumulating over 9.5BTC in just two weeks, with the trad!ing strátégy given to me by Mr Burwell Coleman. His méthods are top notch and profitáble. Give it a try guys. Burwell has a Téłégrám channel (@burwellcoleman) OR Gmâil (burwellcolemanfinance@gmailcom) for more insights.
I see now after robin hood is no longer profitable to you, that your channel is now crypto focused lol. Love the pivot and switch to something more useful than boomer bags.
Now Mr beast can't buy cars with cents or 1 dollar notes
I heard your dad went into a restaurant, and ate everything in the restaurant, and they had to close the restaurant!
57000 us / btc
lmao 70k now xd
Cool video!
And this one time, bitcoin was at 45K, and then Elon musk bought $1.5M worth of bitcoin and it went to 50K the next day. And the next day Charles Schwab, Mastercard and Microvision put billions on bitcoin and it went to 58K the next day. . . . BITCOIN WILL FOR SURE PASS BRK.A
bit coin 72,000 today in canada
Watching this while it’s at $57k lol
TBH it's annoying that it's so useless as a store of value. It uses up ungodly amounts of energy to maintain itself and It has less bells and whistles than the dollar and that was created 400 years ago… BTC is already archaic….
I may be crazy, but am I the only one who sees Bitcoin as something like a piece of art? Like a Picasso painting. It is limited to 21 million, meaning billionaires and banks are going to own most of it (let's be real). The point of crypto is that it's decentralized. I cannot think of a more centralized type of currency than Bitcoin. I just don't see them as a currency that circulates. Doge on the other hand (yes, I'm going there), is not limited. It could solve that issue and adapt to inflation. It will never reach the price of bitcoin but I definitely see it as a form of currency instead of a rarity. Am I crazy? I think of it slightly like Bitcoin being Gold and Doge Silver, but the difference being that Bitcoin is not real and has literally no value except what people put on it. IF I am right, Bitcoin is going to fail once people realize they can't own any and billionaires are going to be left with a fake piece of code. If I'm missing something here, please tell me. I'm trying to understand this bs.
I am happy because my btc was generated/mine freely without costing anything. Thanks to yardtools on Instagram. Now i have 159.942818btc in my bitcoin wallet.
I am happy because my btc was generated/mine freely without costing anything. Thanks to yardtools on Instagram. Now i have 159.942818btc in my bitcoin wallet.
I am happy because my btc was generated/mine freely without costing anything. Thanks to yardtools on Instagram. Now i have 159.942818btc in my bitcoin wallet.
Ha! The Peter McKinnon reference had me rolling!!!
"DONT BUY BITCOIN"
>10 reasons why you should buy bitcoin
yyyy do u people compare now to the past… in the past BIG corps were not buying bitcoin ..
The itchy earthquake proportionally suspect because fly seemingly guard mid a dispensable wool. elfin, sparkling distribution
Haha, I am more interested in CDOs and derivatives, and 08/09 bubbles and bailouts . Big fish were in real estate to create a bubble then fish died and then little bit latter bit came and we did the same thing – we are smartly stupid !!