Why I’m Buying Bitcoin
I've been adding to my Bitcoin position in the past week. The cryptocurrency currently trades at a network value of $120B, or just about 4.5% of the $2.7T it moves annually. This compares to fintech companies like Paypal, that trade at ~14% of annualized money moved. I think the long-term thesis for Bitcoin to become digital gold, and be worth several $T in network value is more intact than ever. Governmental policies reacting to this economic crisis will fuel more fiat currency printing, and potentially negative interest rates ... these macroeconomic conditions are making more more bullish on the need for Bitcoin than ever. The only way to get out of this crisis will be to print absurd amounts of capital (for both the US and Europe). What are your thoughts about Bitcoin's potential and valuation??
My Coinbase Code (we each get $10!): https://www.coinbase.com/join/bPjMHA
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Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 03/24/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Peloton (PTON), Arcimoto (FUV), Snap (SNAP) and long Maker & Bitcoin.