Why am I so certain that bitcoin will hit $1 million per coin?

00:02 certain that Bitcoin will hit $1 million
00:04 a coin it’s simple because it is
00:06 absolutely superior technology for
00:08 something every person needs every
00:10 person has a need for money the ability
00:12 to store their time and their energy for
00:15 a later time and to be able to spend it
00:17 when it has not not lost a bunch of
00:19 value every other way of doing that has
00:22 issues real estate is not very liquid
00:24 meaning it’s hard to buy and sell the
00:26 stock market is only open 19% of the
00:29 time and it goes up and down for a lot
00:31 of reasons that have nothing to do with
00:33 how good money is um and people just
00:36 need to store their time and their
00:37 energy and the US dollar sucks for that
00:39 purpose if you try to store the US
00:41 dollar for any significant period of
00:43 time it loses a huge amount of value so
00:45 what makes a good money there are
00:47 between five and eight characteristics
00:49 depending on who you talk to it has to
00:50 be durable portable divisible fungeible
00:54 um authenticatable
00:57 and most importantly scarce and there’s
00:60 a couple other sort of bonus ones you
01:01 could throw in there but the most
01:03 important is scarce bitcoin is the most
01:06 divisible portable scarce
01:09 authenticatable
01:10 uh verifiable money that has ever
01:13 existed in the world you can send any
01:14 amount of value anywhere in the world in
01:17 a matter of seconds in an absolute
01:20 certain sort of way where it’s you know
01:22 nobody’s nobody can stop you and you
01:25 know it’s works worldwide and the
01:28 technology is absolutely incredible so
01:29 the reason I am certain Bitcoin
01:31 ultimately goes to a million dollars per
01:32 coin one that is you know less than the
01:36 current market capitalization of gold
01:38 for gold’s monetary purposes and and
01:40 Bitcoin is far superior to gold in all
01:43 of the reasons people value gold other
01:45 than like jewelry which is a very small
01:47 percentage of gold uses same with
01:49 industrial uh uses so for for gold
01:52 monetary benefits which is the vast
01:54 majority of its value Bitcoin can get to
01:56 $1 million per coin just by draining
01:60 that liquidity out of gold because it’s
02:02 so much better than gold so just by out
02:04 competing gold Bitcoin can get to a
02:06 million dollar per coin plus gold is not
02:08 very good at doing what it does which
02:10 means the upside of Bitcoin is actually
02:11 far in excess of $1 million per coin
02:14 because a million dollars per coin just
02:15 gets you close to par with gold bitcoin
02:18 is far superior to gold most humans are
02:20 always going to need the ability to
02:22 store their time and their energy in a
02:24 way that does not deteriorate with time
02:27 so that they can buy stuff to make their
02:29 lives better or sustain themselves and
02:31 their family in the future bitcoin is a
02:33 categorically superior technology to do
02:35 that over time superior technologies out
02:38 compete inferior technologies and
02:40 Bitcoin is ultimately not going to be
02:42 outco competed for all the reasons I’ve
02:44 covered on numerous videos um so why do
02:47 I invest in Bitcoin it’s not because
02:49 it’s going up it’s not because I just
02:51 think it’s going to go up it’s not
02:52 because I have a feeling it’s not
02:54 momentum investing it is 100% based on
02:57 the fundamentals of Bitcoin and the
02:59 fundamentals of Bitcoin is that it’s a
03:01 better more durable more divisible more
03:05 scarce more authenticable more fungeible
03:08 more everything money than anything else
03:11 that exists in the world and as humans
03:13 get worse and worse at managing money
03:15 because there’s a catastrophe out there
03:17 if it’s not obvious as humans just get
03:19 worse and worse at managing money
03:21 because we print it out of thin air
03:22 which is what central banks do all day
03:24 long more and more of that will get
03:26 displaced by Bitcoin and Bitcoin will
03:29 just keep going up until it passes $1
03:31 million per coin it is an inevitability
03:33 based on an understanding of monetary
03:35 history the technology behind Bitcoin uh
03:38 and the real you world usefulness of
03:41 someone who uses Bitcoin all the time
03:43 like I do so it’s just a matter of time
03:45 till Bitcoin gets to a million dollars
03:47 per coin sometime in the next five or 10
03:49 years so uh anyway I invest because of
03:52 the value of the technology and how
03:55 incredible it is to transform the
03:57 ability for humans to save and move
03:60 value around the world which is the
04:02 purpose of money have a great day
04:04 everyone thanks