Why Bitcoin Is Valuable — And Therefore Will Go Back Up Then WAY Up!

00:01 hey everyone let’s cover why Bitcoin is
00:04 valuable which is why it’s a great
00:06 investment Um obviously you should never
00:08 invest in something just because you
00:10 think it’s going up Uh that’s called
00:12 pure speculation And if there’s not
00:14 underlying value in whatever you’re
00:16 investing in then just as likely that
00:18 it’s going up it’s even more likely that
00:20 it will come back down So good
00:22 investments are things with good
00:23 fundamentals meaning they have a
00:25 rockolid use case They have a value
00:27 proposition and there is a reason they
00:30 are valuable Um so for example one thing
00:33 that’s been up a lot recently is a meme
00:35 co a memecoin called Fartcoin Fartcoin
00:38 is up 1,500% or was recently but
00:42 obviously it’s a memecoin It’s
00:43 ridiculous 100% of the people in who
00:45 have money in it believe it’s going to
00:47 go to zero They’re just hoping it goes
00:49 up more before it goes down which of
00:51 course is ridiculous That’s stupid I
00:53 would never do that sort of thing Um so
00:55 Bitcoin is a fantastic investment
00:57 because it has underlying value So let’s
00:59 do a recap on what that is Okay first
01:01 let’s start why with why do other things
01:03 have value well for example food is
01:06 valuable because it keeps you from being
01:07 hungry Shelter is valuable because it
01:09 keeps you from being wet and cold
01:11 Transportation is valuable because it
01:13 keeps you from being stuck in one place
01:15 And clothing is valuable because it
01:17 keeps you from having to walk around
01:18 naked So all of those things are
01:20 valuable and nobody would question that
01:22 Money is valuable The concept of money
01:24 money as a technology is valuable
01:26 because it keeps you from having to
01:28 barter for what you need It keeps you
01:30 from having to trade a dozen eggs and a
01:33 pair of old shoes in exchange for a plow
01:35 Like there’s just no way to run a modern
01:37 economy when you’re trying to trade
01:39 goods and services which means products
01:40 and services with other people for
01:42 product and services So that’s why we
01:44 use money So we don’t have to do that So
01:46 money is very very valuable So
01:48 historically the two most viable forms
01:50 of money were gold and fiat currencies
01:53 Gold is the yellow rock And fiat
01:55 currencies are madeup government money
01:58 that has typically pictures of dead
01:60 presidents on it So we’re going to talk
02:02 about why Bitcoin is valuable in the
02:04 context of those two uh those two sort
02:06 of former technologies that are now in
02:09 my opinion obsolete but it’ll take a
02:11 while for the world to figure that out
02:12 Okay So first up and I’m I printed a
02:15 piece of paper here to reference I
02:17 posted this uh to Facebook in the last
02:19 couple days so you’ve got a written copy
02:22 of this if you’re interested Okay so
02:24 let’s talk about gold Gold has four
02:26 primary flaws which is the reason gold
02:28 is not the monetary system of the world
02:30 right now It has four primary flaws One
02:32 it is not easily divisible A gold coin
02:35 is not easy to cut into two halves Um
02:38 it’s not easily portable large amounts
02:40 of gold uh get very heavy very quickly
02:44 and you can’t take gold through an
02:45 airport or a metal detector without
02:47 potentially it getting confiscated So
02:49 it’s just not it’s not a good fit that
02:51 way Uh it’s not easily verifiable You
02:54 typically need a $50,000 spect
02:56 spectrometer to figure out if gold is
02:59 gold and even then you’re not sure
03:00 because it’s hard to tell the purity and
03:02 it’s hard to tell you know what else
03:03 might be mixed in Um so uh and then gold
03:06 cannot be moved electronically There’s
03:08 no way to send gold to the other side of
03:10 the world in a matter of minutes the way
03:12 you can with Bitcoin So that those are
03:14 the the four primary issues with gold is
03:16 it’s not easily divisible It’s not
03:18 easily portable It’s uh not easily
03:20 verifiable and it cannot be moved
03:22 electronically around the world Okay So
03:25 then you got fiat fiat currencies like
03:27 the US dollar which has two primary
03:28 flaws So the US dollar largely took the
03:30 place of uh gold and it took the place
03:33 of gold because of those flaws in gold
03:35 So the US dollar has all sorts of
03:37 problems but it solved those four
03:39 problems of gold Otherwise we’d still be
03:41 on the gold standard If the gold did if
03:43 gold did not have those four flaws the
03:46 world would have never switched over to
03:47 fiat currencies So one so the fiat
03:50 currencies have two problems and they’re
03:51 big ones One is that restrictions apply
03:54 especially internationally Uh meaning
03:57 you might think you own the money but
03:59 your money can be frozen at any time It
04:01 can be blocked from crossing boundaries
04:03 and barriers you know accounts can be
04:05 frozen accounts can be uh confiscated
04:08 The money is only yours as long as
04:10 whoever issued the money wants to let
04:12 you have it And as we saw in with Russia
04:14 and Ukraine the US government decided
04:17 $300 billion of Russian assets just all
04:19 of a sudden wasn’t theirs anymore And
04:21 even if you think that’s the right
04:23 decision you got to believe if that was
04:25 your money you’d be upset about it So
04:27 your money in fiat currency is only
04:29 yours as long as the government as long
04:31 as you are in the good graces of the
04:32 government that issued the currency Uh
04:34 the second problem which is by far the
04:36 biggest problem is that any money that
04:38 is based only on a government whim can
04:41 be printed by an unlimited amount and
04:42 that’s been by far the biggest issue
04:44 with fiat currencies is they print
04:46 unlimited amounts amounts of money and
04:48 the money just loses value So the US
04:51 dollar has lost since the creation of
04:52 the Federal Reserve which allowed the
04:54 government to print money back in 1913
04:57 In the last 111 years the U the dollar
05:02 has lost between 97% and 99% of its
05:05 purchasing power Meaning the dollar of
05:08 the past uh back from 1913 would have
05:11 bought somewhere you know vastly more
05:14 the the dollar today buys only uh
05:16 between 1% and 3% of what the dollar
05:19 would buy you back in 1913 So that’s a
05:22 massive problem So what does Bitcoin do
05:25 about this well remember uh money as a
05:28 technology is valuable So whatever
05:30 satisfies the needs of money whatever is
05:32 a better money will eventually be the
05:35 most valuable So how does Bitcoin
05:37 compare um per the above money has value
05:40 because it keeps people from having to
05:42 barter for what they need And Bitcoin
05:44 specifically has value because it’s a
05:46 better money So for example it’s more
05:48 divisible than gold It’s easy to divide
05:50 Bitcoin in up to 100 million units per
05:53 coin which right now is worth one the
05:55 smallest unit is one less is less than
05:57 onetenth of one penny Uh by comparison
06:01 Bitcoin is more portable than gold You
06:03 can go anywhere in the world with
06:04 Bitcoin You can even memorize a 12-word
06:07 seed phrase in your head and cross any
06:09 border and then plug those 12 words back
06:12 into a Bitcoin wallet on the other side
06:14 of the border and get all your Bitcoin
06:16 back So that’s not the way anyone
06:18 recommends people normally use Bitcoin
06:20 but it’s possible So you can actually
06:22 hold Bitcoin in your head just by
06:24 memorizing a 12-word seed phrase uh in
06:27 an emergency Again that is not
06:28 recommended for anything but an
06:29 emergency but it’s possible And um and
06:32 it can and you can send Bitcoin over a
06:34 communication channel uh anywhere in the
06:36 world So you can you can carry it easily
06:39 It’s more verifiable than gold Any
06:41 Bitcoin uh software will tell you if
06:43 something’s real Bitcoin or not It
06:45 doesn’t require a $50,000 computer It’s
06:47 literally a free app Any free app or any
06:50 free website will verify whether you own
06:53 the Bitcoin or not So that doesn’t
06:55 require any extra um it’s not difficult
06:58 and it can be moved electronically So
06:59 Bitcoin can be moved to the other side
07:01 of the world instantly over telegraph
07:04 telegram ham radio satellite links the
07:07 internet any which way you can move
07:09 Bitcoin over an a any communication
07:12 channel which again is not possible with
07:14 gold Also Bitcoin does not have the
07:17 restrictions for that fiat currencies
07:19 have So you can go through over any
07:21 border with Bitcoin And if you self
07:23 custody in something like BitKey nobody
07:25 in the world can freeze your account
07:26 There’s literally no possible way short
07:29 of incarcerating your human person and
07:31 not allowing you that they can control
07:33 what you do with your Bitcoin Other than
07:34 that your Bitcoin is yours It doesn’t
07:36 matter where in the world you live and
07:39 whether or not you are in the good
07:41 graces of whatever dysfunctional
07:43 governments you might be uh might be
07:45 near Um you can your your Bitcoin is
07:48 yours Nobody can take it and nobody can
07:50 keep you from using it or moving it Um
07:53 and by far the most important aspect of
07:56 all of this is Bitcoin is scarce There
07:58 will only ever be 21 million Bitcoin And
08:00 as a result of that because it is better
08:02 money it uh retains its value over the
08:05 long haul much better than any other
08:07 currency Um so for all of those reasons
08:10 again I would never say invest in
08:12 something because the numbers going up
08:14 Any investment you should understand the
08:15 fundamentals and you should understand
08:16 why it’s valuable In the case of Bitcoin
08:19 it’s valuable because it is a better
08:21 money and because it and the reason it’s
08:23 a better money is because it solves the
08:25 four primary problems with gold and the
08:28 two primary problems with fiat
08:30 currencies Now there’s actually a lot
08:31 more problems with gold and a lot more
08:33 problems with fiat currencies but I
08:35 decided to restrict it to the top four
08:37 problems with gold and the top two
08:39 problems with fiat currencies Um so in
08:42 short uh Bitcoin has value value because
08:45 it solves the problem that money solves
08:47 which is that it keeps people from
08:48 having to barter for what they need And
08:50 it solves that problem better than any
08:53 of the other alternatives So Bitcoin
08:55 right now is about $94,000 per coin Uh
08:58 at $94,000 per coin it is 13% below the
09:01 all-time high recently of 108,000 Is
09:04 that a problem no because we’re not
09:07 investing in Bitcoin because it’s up or
09:09 down on a daily basis We’re investing in
09:11 Bitcoin because it is a better money for
09:14 the world and it will out compete all
09:16 other monies of the world And because
09:18 it’s a better money and because it will
09:19 out compete all other monies of the
09:21 world it will eventually be far more
09:23 valuable than it is today Now in the
09:25 short term it will go up and down Um
09:28 it’ll go up and down a lot which is
09:29 actually a good thing because when
09:30 there’s no more volatility it means
09:32 there’s no more upside The point at
09:35 which Bitcoin is just slowly plotting
09:37 along with very little change also means
09:39 the the potential upside uh is very
09:43 limited as well So you should welcome
09:45 the volatility of Bitcoin because it
09:47 means there’s still a lot of potential
09:49 upside When the volatility goes away so
09:51 does the upside which probably will not
09:53 be you know the volatility has been
09:54 slowly falling over time and eventually
09:57 it will be you know it’ll Bitcoin will
09:59 be the least volatile thing in the
10:01 entire world meaning it will go up and
10:03 down less than anything else in the
10:04 world Uh but that’s decades into the
10:07 future Uh between now and decades into
10:09 the future Bitcoin will go up and down
10:12 And the more it goes up and down the
10:13 more potential it has to go up which is
10:15 actually a good thing Um so anyway that
10:18 is why Bitcoin is valuable That is why
10:20 in my opinion everyone should invest in
10:22 Bitcoin And that is why the upside of
10:23 Bitcoin far exceeds anything we’ve seen
10:26 so far which means it’s 13% on sale
10:29 right now which is great It gives you an
10:31 opportunity to buy Bitcoin 13% cheaper
10:33 than whoever bought it at 108,000 a coin
10:36 I don’t know how much longer it’ll be on
10:38 sale Nobody knows Nobody will knows if
10:40 it will go down more before it goes back
10:43 up It doesn’t matter All that matters is
10:45 that in the long run it will be
10:47 extremely valuable and much more
10:49 valuable than it is now And therefore it
10:51 makes sense to buy as much as
10:53 conceivably possible right now That’s
10:55 all that matters And then hold on to it
10:57 as long as conceivably possible And you
10:59 will have an asset that appreciates
11:02 better in my opinion than anything else
11:03 you could possibly buy So that’s the
11:05 primer of why Bitcoin is valuable why
11:08 you should invest in things only that
11:10 have value and that you should
11:12 understand why they have value so that
11:14 you’re not you’re not investing in
11:16 something hoping you get out before it
11:17 crashes That’s not how Bitcoin works
11:19 Bitcoin eventually basically goes to
11:22 almost infinity value as compared to
11:23 fiat currencies And the question is how
11:25 early do you adopt it and how much of
11:27 that up upside uh do you benefit from so
11:30 Bitcoin’s amazing always has been It’s
11:32 on sale right now its fundamental
11:34 monetary properties have not changed
11:37 It’s still the best thing you could
11:38 possibly invest in in my opinion And uh
11:40 and it’s on sale No no better time to
11:42 buy anything than when it’s on sale So
11:45 have a great day everyone Thanks