Ethereum (ETH) is slowly dying. It’s not too late to convert your Ethereum into Bitcoin (BTC).

00:01 Ethereum is
00:03 slowly dying just like I told you it
00:06 would. So, the problem with a um with a
00:10 utility token is that it’s valued based
00:13 on its utility. And the problem with
00:15 anything that is a utility means it has
00:18 the ability to be out competed by
00:20 something with greater utility. So the
00:23 same way whale oil was ultimately outco
00:25 competed by kerosene and the way
00:27 kerosene was ultimately outco competed
00:30 with uh electricity and natural gas and
00:34 all of this other stuff. The same is
00:36 true same with search engines. You had
00:38 loss got outco competed by Yahoo which
00:40 got out competed by Google and it’s just
00:43 a whole string. And you never know with
00:45 something whose use is is utility alone
00:48 and not a store of value. You never know
00:51 if you are, you know, second to last.
00:54 You definitely don’t want to be the
00:55 second to last of utility. Uh because
00:57 that means it’s going to be outco
00:58 competed by whichever one wins the
00:60 market in the end. And with a utility
01:02 token, there’s no way of predicting what
01:04 that is. So, Ethereum is a smart
01:06 contract platform, meaning people use it
01:09 to do all sorts of weird and wonky stuff
01:12 with crypto uh crypto tokens and
01:15 cryptocurrencies. Um, some of it makes
01:17 sense, a bunch of it doesn’t. a bunch of
01:18 it is basically, you know, slot machine
01:21 gambling and crazy stuff. Um, but
01:24 regardless, you know, Ethereum was the
01:27 dominant platform and the first
01:28 platform, but there’s a huge difference
01:30 between a monetary network and a utility
01:35 network. So, uh, in a monetary network,
01:37 it’s very rare that monetary systems
01:41 switch. uh the the process of switching
01:43 from gold to paper money to or let’s say
01:47 from silver to gold to paper money. Each
01:49 of those things took a very long time
01:51 because to uh participate in the new
01:53 network, you’ve got to swap your value
01:56 from the old network into the new
01:57 network. One one
02:02 second. For example, 99% of my liquid
02:06 net worth is held in Bitcoin. It’s not
02:09 like I can just go transfer that to
02:11 somewhere else without I mean I
02:13 literally have to liquidate the Bitcoin
02:15 to buy something else with it. The same
02:17 is not true of utility. I can wake up
02:20 today and decide I want to buy a
02:23 memecoin, you know, like the Trump coin
02:25 or the millennia coin, even though I
02:27 think both of those will go to zero and
02:29 are horrible things to put money in. But
02:31 I could and I could do that, you know,
02:34 in the old days I would have done
02:35 something like that on Ethereum. But I
02:37 can wake up the next day and decide
02:38 Ethereum’s a little too slow or that the
02:41 fees are a little too high. And I can do
02:42 the same thing on Salana. Uh it’s
02:44 similar to stable coins which I’ve
02:46 talked about before like USDC and USDT.
02:49 Uh people do those on Ethereum. They
02:51 also do them on uh you know uh Salana.
02:54 They also do them on Tron. It just
02:56 doesn’t matter. Like you’re just going
02:58 to use whichever network is the cheapest
02:59 and the fastest. And in the case of
03:02 USDT, a ton of their traffic is done on
03:05 Tron. Now, does anybody care what Tron
03:07 is? No. But it just happens to be faster
03:09 for that use case. So, who cares? People
03:11 just use it. Um, almost nobody, I mean,
03:15 nobody I can imagine would actually use
03:18 Tron as money. Tron is not money. It’s a
03:21 utility platform. You use it if it’s
03:23 cheaper and better at the moment than
03:25 your next best alternative. So, the
03:26 problem with smart contract platforms is
03:28 they work that way. They are utility
03:31 platforms, which means you’re only going
03:32 to use them so long as they’re faster
03:35 and cheaper than the next best
03:36 alternative. One
03:42 second. So in the case of money, money
03:45 does not work that way. What matters
03:48 with money is security and
03:50 decentralization. The absolute certainty
03:53 that nobody is going to make more of
03:55 that money. the absolute certainty that
03:57 you can hold that money yourself in
03:60 something like BitKey. The absolute
04:02 certainty that nobody’s going to hack
04:04 the network. Well, the uh the Ethereum
04:07 network and smart contracts on it have
04:09 been hacked a gazillion times. And you
04:12 know, Bitcoin is rock solid, 100%
04:14 uptime. It’s in my opinion completely
04:16 unhackable. I mean, it’s it’s open
04:18 source code. So the attributes you care
04:21 about with money are different than the
04:23 attributes you care about with a smart
04:24 contract platform. One is purely about
04:27 utility with no look, you know, with no
04:29 interest in long-term store of value.
04:31 And the other is all about store of
04:33 value and the ability to transact with
04:35 that store of value. So for all the
04:37 reasons I’ve covered in other videos,
04:39 but if you want to know why nothing will
04:41 out compete Bitcoin, go on my uh
04:43 Facebook page and type the word out
04:45 compete. O U T O M P. um out compete.
04:49 Just type the word out compete and watch
04:51 the videos I’ve done about why nothing
04:53 will out compete Bitcoin. And nothing
04:55 has outco competed Bitcoin. It’s been 16
04:58 years. One six 16 years Bitcoin’s been
05:01 number one. Bitcoin’s never not been
05:03 number one. And nothing has even come
05:05 close to out competing Bitcoin. Um the
05:08 same is not true in the smart contract
05:09 world. In the smart contract world, it’s
05:12 all different flavors of you know
05:14 different different things were hot at
05:16 the moment. when uh Exodus went public
05:18 on the the blockchain. Initially, they
05:21 were planning to use Ethereum, but it
05:23 was too expensive. So, they decided to
05:25 go public on Elgarand, you know. So,
05:27 it’s like, what are you going to use?
05:28 Are you going to use Algarand? You’re
05:29 going to use Ethereum? You’re going to
05:31 use Salana? You’re going to use Cardano?
05:33 I mean, who the heck knows? Are you
05:35 going to use Tron? Doesn’t matter. It’s
05:37 a smart contract platform. You’re going
05:38 to use whatever the cheapest and the
05:40 best in the moment. So I predicted from
05:43 the beginning, well at least from 2021,
05:45 which was four years ago, I predicted
05:47 that Ethereum would get outco competed
05:49 by other things and that it would
05:52 therefore go eventually to zero,
05:54 especially zero against Bitcoin. And one
05:56 of the things I always check because I
05:57 just keep uh Coinbase in advanced mode
05:60 is uh the prices that I check are the
06:02 price of Bitcoin to US dollars, which
06:04 makes sense, but everything else I check
06:07 as compared to the price of Bitcoin. So
06:09 the trading pair Ethereum coin Salana
06:12 Bitcoin Cardano Bitcoin um XRP actually
06:16 actually XRP there is no trading pair to
06:18 Bitcoin because nobody’s dumb enough to
06:20 trade Bitcoin for XRP but there is a
06:23 trading pair from XRP to US dollars. Um
06:26 so I always check all of those and I’ve
06:28 just been watching bit I’ve been
06:30 watching Ethereum slowly march toward
06:33 zero as compared to Bitcoin exactly as I
06:36 predicted it would. and even Salana not
06:39 doing very well compared to Bitcoin uh
06:41 in the long term. Um so um and plus you
06:45 know Salana will probably be out
06:47 competed by something else. Uh so the
06:49 problem with anything in crypto other
06:51 than Bitcoin is you have the out compete
06:54 risk. Money tends to not have outcompete
06:57 risk because people care about with
07:00 money they care about security
07:02 decentralization. They care about
07:04 longevity. They care about things that
07:07 are not what’s the latest whisbang, you
07:10 know, feature. Like, I’m not going to
07:12 move all my net worth to some new token
07:13 that somebody says is 1% better than
07:15 Bitcoin. No, all I care about is
07:18 decentralization and security. And
07:20 Bitcoin has those things. And there’s
07:22 just no way anything’s going to ever out
07:23 compete that. Uh there’s no way to out
07:26 compete that with the massive, massive,
07:28 massive hash rate that is uh securing
07:31 and auditing the Bitcoin network right
07:33 now. nothing else. No crypto token is
07:35 ever going to come even remotely close
07:37 to that. Um, and on top of that, you’ve
07:40 got the uh, you know, it’s open source.
07:42 The best software developers in the
07:43 world are working on it. You have the
07:45 anonymous creation, which is very
07:46 important for money that we don’t know
07:48 who the who developed it. There’s nobody
07:50 for the government to go, you know, put
07:52 in a headlock and tell them to change
07:54 something. You nobody knows who Satoshi
07:56 Nakamoto is, the inventor of Bitcoin.
07:58 And Satoshi Nakamoto hasn’t even been
08:00 participating in Bitcoin for a decade
08:03 now. So, who cares? It’s been more than
08:06 a decade. It’s been, I don’t know, for
08:08 13 years now that Satoshi Nakamoto has
08:11 not been involved. So, um, for all of
08:13 those reasons, you can trust Bitcoin as
08:16 money. You cannot trust Ethereum as
08:18 money. Ethereum is being actively outco
08:20 competed in the marketplace like real
08:23 time, like as we watch. And Ethereum, I
08:27 believe long-term will slowly march
08:28 towards zero, which is exactly what it’s
08:31 doing right now as it gets out competed
08:33 by Salana. And the same is true. Salana
08:35 will eventually get out competed by
08:37 everything, by something else. I don’t
08:39 know what else, but it will get out
08:40 competed by something else. And Salana
08:42 will march towards zero compared to
08:44 Bitcoin. So, do not store your wealth in
08:46 a smart contract platform. That is not
08:48 what they’re intended for. That’s not
08:50 what they’re built for. That’s not what
08:52 they’re useful for. do not store wealth
08:55 in XRP or Salana or Ethereum or uh
08:59 Cardano. None of those were intended to
09:02 store wealth. None of those were
09:03 intended to be money. Do not store
09:05 wealth in things that were not intended
09:07 to store wealth. Those are smart
09:08 contract platforms. If you need them for
09:11 a smart contract use, which almost
09:12 nobody does, but if you do, use them for
09:15 a smart contract platform use and keep
09:17 as little of your wealth on that smart
09:19 contract platform as possible because
09:21 that’s not what they’re intended for and
09:23 that’s not what they’re good for. So,
09:24 uh, as predicted, Ethereum marches
09:26 towards zero. I hope you did not store
09:28 your wealth in Ethereum. Um, because if
09:31 so, it’s very very very it’s quickly
09:35 losing value and it’s not too late to
09:36 convert your Ethereum to Bitcoin. Same
09:38 with any other, you know, token. Um,
09:41 convert it all to Bitcoin. That’s what
09:42 makes the most sense.