🟧 Bitcoin: What 99% Of People Don't Understand
As I record this, we are very thoroughly in a Bitcoin bear market... with the Bitcoin price plummeting below the symbolic $20,000 mark. And of course like in any bear market, nocoiners and skeptics are bringing up the same old arguments. "Bitcoin is a bubble." "Bitcoin is finally going to zero." "Tulip mania!" "Ponzi scheme!" "Expert" Bitcoin price prediction of $0. Tons of negative Bitcoin news. And one of my personal favorites: "Bitcoin's value is based on nothing except maybe speculation!"
But you see that's simply not true. Sure. A large part of Bitcoin's price and value is market driven, based on supply and demand. And of course, Bitcoin news does affect the Bitcoin price prediction. But Bitcoin does have real value... more so than most of the things that you invest in... and more than any Bitcoin price prediction or Bitcoin news could possibly factor in. And this is one of the keys to understanding Bitcoin... so in this video, I'm going to outline that argument, and explain the real utility of Bitcoin in a way that 99% of people - even seasoned Bitcoiners - don't understand.
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🎥 IN THIS VIDEO: 🎥
00:00 🟧 Introduction
00:57 🟧 Background: "Bitcoin has no real value" is just plain wrong
01:30 🟧 Reason #1: Other mainstream assets are way more speculative than Bitcoin
01:46 🟧 Understanding Bitcoin vs. Stocks
03:04 🟧 Understanding Bitcoin vs. Real Estate
03:41 🟧 Our money itself has less "real value" than Bitcoin
05:38 🟧 Creating Bitcoin (BTC) takes tons of real work and investment
06:27 🟧 The Real Utility of Bitcoin is Storing & Transmitting Work, Energy, and Value Efficiently
13:23 🟧 Bitcoin is the only truly scare resource in the universe
15:02 🟧 Bitcoin vs. Gold
15:59 🟧 Conclusion
🔗 LINKS / RESOURCES MENTIONED: 🔗
🟧 My Understanding Bitcoin Playlist: • 🟧 What's So Good About Bitcoin?
🟧 What's the Big Deal With Bitcoin? • 🟧 What's So Good About Bitcoin?
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