5:05, why does the 7T$ daily global trade need to be valued by only new BTC minted on that day? does today's daily trade size equal to value of USD minted on the day ? is USD being minted 7T$ each day today? otherwise not making much sense
People who believe that inflation has too be at a certain point or ,a loaf of bread has to be 100$. Doesn’t understand the mechanics of how this number can happen
Great show guys! UK?! Oof... fighting talk that! ;-) Interesting the timelock idea. Perhaps I should timelock BTC to help me stop selling when I think I can get more cheaper! It rarely works out and I'm seeing the benefit of Michael Saylor's approach!
Bitcoin changes us for the better, when you can save your money without risk or worry and your money goes up in value you are incentivised to think more about the future
Is that $7B in today’s dollar purchasing power? Or is that a hyper inflated dollar comparison? Maybe we calculate btc/GoldOz which would give us a percentage growth curve not a specific # which could be a very large range of purchase power. Any way you look at it Bitcoin can grow exponentially if worldwide adoption happens.
A 7 billion dollar bitcoin would mean the market cap would be 147 quadrillion dollars. Considering there's only roughly 880 trillion of wealth on the entire planet, that's physically impossible.😂😂😂
@bitcoinwithdinny I watched until the 3 layers of value. Even with that logoc, there's just no way. A ton of money would need to be printed and at that point the actual value in todays money would be worth very little.
Not a world people would want to live if they didn’t hold bitcoin. That number is massive I agree but we all agree the printing is not going to stop, so then what now. Why save a dollar that’s being printed?
Lately, big market indexes have been very up and down. Even smaller companies are looking promising, with big jumps in a short time. I read an article about people making up to $150k in profits during this period. Any tips for boosting these returns would mean a lot to me.
@CHOIWOOK-bb4hk Having an investment advisor is crucial now, especially for near-retirees. With their help, I've earned over $220,000, showcasing their value.
@@kelbenjamin Recently, I've been exploring the idea of seeking advice from advisors, as the market news I've come across hasn't been very encouraging. I'm curious, who is the person providing guidance for you?
@@BritneyRoosevelt Absolutely! I'm guided by investment advisor Eric Thomas Witt, a well-known figure with a significant following. You can easily find him by searching his name on Google.
@@kelbenjamin Thanks for sharing. I Googled the person you mentioned, and their resume highlights their extensive experience. I've contacted them and am eagerly awaiting their response.
7 billion USD per Bitcoin 😱 thats quite the moonshot. You can always identify a Bitcoin Maxi, When they say everything but Bitcoin is worth investing in... And then they usually follow by saying all "Altcoins" are not a good investment. 😆
That’s what I was wondering. I believe the value of everything including debt is approx $900 trillion. So if BTC were to eat every bit of that value, which it won’t even close, would be about a $42 million dollar BTC.
@@EE-gy1kf like the COVID model that said a health Armageddon was imminent? Or like Al Gore’s ‘climate’ model that said the earth would be a fireball by 2015? Perhaps my own rationale is based on the fact that people are greedy and will take profits if they bought at 20k and 30k and 40k... perhaps my rationale is based on the fact that BTC, like Ethereum, cannot scale for mass adoption because of its restricted block sizes... Perhaps it’s because transaction fees get busier and busier by far the more the network is used... lightning network? Please... 🤦♂BTC has nothing but the hype and prosperity of being the first mover in the crypto world... it will never cross 100k per coin... you don’t think the whales who own thousands of coins won’t take profits before then? The ONLY way BTC has any chance is if the dollar collapses completely. At which point, 100,000 will only be a number. The value proposition will be relative to the collapsed dollar, not a sudden increase.
The concern was not allowing bitcoin block to scale and so it is forced to layer 2. But if transactions go off chain you're now trusting another system to report to Bitcoin block chain what happened off chain. Perhaps, you can have a way that off chain part is verifiable. I don't get why we don't simply let it scale like the original paper intend it to. In any case, it doesn't add to confidence when we change the protocol. However, that's not to say it can't succeed as store of value or pure digital gold. I am not very confident it becomes an actual currency though.
After finishing the video I’m gonna admit I’m disappointed. This sounds like the excited LARP someone who is new to finance would assert. At $7b/coin that’s a market cap of 1.47x10^17 which is ludicrous and unrepresentative of financial markets or reality in general. He talks about having to fit the worlds liquidity needs based on current mining output- which is neither descriptive of today’s market needs/ops and isn’t predictive of the future ecosystem where mining ceases to mint new coins. I’m a BTC mega bull but even Saylor would laugh at him
Market cap is a function of price. Price is not a function of market cap. Price is set at the margin by supply and demand and market cap has nothing to do witth it. It is amazing people still do not get this.
Appoint that you should say about Ethereum over the long time it’s always hard for us like I have Ethereum and then I thought I was good to go but it’s really Ethereum classic so Ethereum in Ethereum classic one fork off of Ethereum but you can’t sell it the same so long term you may not have the right Ethereum
just wait until quantum computer become mainstream. lol watch watch happens to bitcoin then. satoshi's wallets will come to life and bitcoin will be moved from there. also, 21 million is def. not absolute. 21million can be changed at any moment - as long as there is consensus. get your shit straight.
bitcoin as collateral will have even higher margin requirements than real estate due to its volatility. pass me whatever you are smoking. look at AVE, look at the current lending protocols that exist. also - you need smart contracts to use bitcoin as collateral in order for this to work automatically - similar to an escrow account. and stop agreeing with everything that guy is telling you. it makes you look like a roockie.
Love the English Irish thing, the Irish are very good at slagging the English but would they really really have any say in the world, if it wasn’t for the English as the welsh & Scottish.. they hate the English because they would be speaking German and are weak and blame the English blar blar blar
Cathie Wood: BTC will be worth $1.5 Million per coin.
Peter Dunworth: Hold my beer
🤣🤣🤣🍻
This Peter guy is onto it big time
8:35 even if the triple point combination is non linear, why does it become multiplication right away ? what is the basis of that ...
Peter is the man! Can you add time stamps?
added
Thanks!
5:05, why does the 7T$ daily global trade need to be valued by only new BTC minted on that day? does today's daily trade size equal to value of USD minted on the day ? is USD being minted 7T$ each day today? otherwise not making much sense
I think Peter takes the title of the most Bullish on Bitcoin in the world
Dinny Collins: How 1 Bitcoin Gets To 7 Billion USD ?
Peter Dunworth: basically
Peter understands finance and is an expert in his field. Get bitcoin and hold it for your family.
Your family will be extremely grateful 🙏
This was an excellent podcast. Subscribed!
Great to have you aboard 😀 👍
is he related to Peter McCormack?
Looking forward to hearing from my fellow Australian again. Thanks Dinny
Great insights in how to gain and keep wealth and prosperity. Thankyou Peter and Dinny
Thanks Richard 😀
Great interview. Peter has been an incredible voice for Bitcoin. Thank you!
our Aussie cousins are serious players in the bitcoin space enjoyed the conversation guys
Thanks James
"Your worthless paper is no good here!" I have no idea why we are not already there.
Subscribed! Great interview/conversation.
Welcome sir, great to have you 😃
Amazing .. I went all in in 2015 and these cats are FINALLY the "real thing" ..!!!
People who believe that inflation has too be at a certain point or ,a loaf of bread has to be 100$. Doesn’t understand the mechanics of how this number can happen
Brilliant video Dinny keep em coming 👏 💪
Thanks 😀
excellent talk!
Excellent conversation
Thank you kindly
No Neo, Im saying when the time is right you wont evaluate in dollars!
I'll be bearish on this 7bill estimate, I'll settle with 7mill thanks 😁
🤣🤣🤣🤣👍👍
Good stuff gents
People laugh at me when I tell them that Bitcoin will likely be worth $1 billion in 2048. (25 years from now)
Am I not optimistic enough?
Up your game 😀
Will need to be more of Argentina happens to US dollar.
"not at all"
Why stop at 7 billion. Surely 1 bitcoin will reach 100 billion by 2036.
Not by 2036
That is when a can of coke cost $10k 😂
Nott necessarily.
Maybe $10
7 billion no problem if btc becomes world reserve currency in next 30 years.
LFG 💪
We see you, Republic of Ireland. 😂
Great show guys! UK?! Oof... fighting talk that! ;-) Interesting the timelock idea. Perhaps I should timelock BTC to help me stop selling when I think I can get more cheaper! It rarely works out and I'm seeing the benefit of Michael Saylor's approach!
Yea the time lock is really interesting alright... do you have to wait a decade to realise there was a bug though 🤣
It’s 900 trillion
I like the bitcoin ❤
The Bitcoin crowd comes across to me a honest . I don’t believe I’m being naive . They come across as genuine as the Bitcoin network itself…
Bitcoin changes us for the better, when you can save your money without risk or worry and your money goes up in value you are incentivised to think more about the future
TL;DR/W PLEASE!
Let’s see if we can even break $70k first…
Inevitable...
I would be ok with 1 billion 😂
Hell yea 👍👍👍
I'm confused... Bitcoin couldn't hold $65k for 24 hours and collapsed for the next 2 years... how on Earth does this guy get to 7 billion?
Aye subbed
What if Btc is down that day
If BTC goes to $7B. What would an Oz of Gold or Silver be worth ?
Agree much less then today cause the wealth that’s in gold will now be in bitcoin. 21 million/ Earth 🌍
Gold is not verifiable
Not much it would go back to it's utility value only. The monetary premium would disappear
They’ll find more gold and silver by then = worth less than they do today.
Nothing
Clueless people
Is that $7B in today’s dollar purchasing power? Or is that a hyper inflated dollar comparison? Maybe we calculate btc/GoldOz which would give us a percentage growth curve not a specific # which could be a very large range of purchase power. Any way you look at it Bitcoin can grow exponentially if worldwide adoption happens.
That not true pal, what about gas fees and exchange fees
You must take bitcoin as a unit and not euros or dollars. You have a wrong thinking.
A 7 billion dollar bitcoin would mean the market cap would be 147 quadrillion dollars. Considering there's only roughly 880 trillion of wealth on the entire planet, that's physically impossible.😂😂😂
You will need to watch the video and base your argument off the logic provided sir
@bitcoinwithdinny I watched until the 3 layers of value. Even with that logoc, there's just no way. A ton of money would need to be printed and at that point the actual value in todays money would be worth very little.
@seanjohnson9670 ask someone from wymar or Venezuela if it's possible.. all fiats go to zero.. it's a when not an if
This is a lot like when gold bugs say Gold to $50k/oz…it’s a fun idea but probably not a world you want to live in
Not a world people would want to live if they didn’t hold bitcoin. That number is massive I agree but we all agree the printing is not going to stop, so then what now.
Why save a dollar that’s being printed?
This is why Bitcoin is insurance among other things
Box office
Thanks Jay
Lately, big market indexes have been very up and down. Even smaller companies are looking promising, with big jumps in a short time. I read an article about people making up to $150k in profits during this period. Any tips for boosting these returns would mean a lot to me.
@CHOIWOOK-bb4hk Having an investment advisor is crucial now, especially for near-retirees. With their help, I've earned over $220,000, showcasing their value.
@@kelbenjamin Recently, I've been exploring the idea of seeking advice from advisors, as the market news I've come across hasn't been very encouraging. I'm curious, who is the person providing guidance for you?
@@BritneyRoosevelt Absolutely! I'm guided by investment advisor Eric Thomas Witt, a well-known figure with a significant following. You can easily find him by searching his name on Google.
@@kelbenjamin Thanks for sharing. I Googled the person you mentioned, and their resume highlights their extensive experience. I've contacted them and am eagerly awaiting their response.
7 billion USD per Bitcoin 😱 thats quite the moonshot. You can always identify a Bitcoin Maxi, When they say everything but Bitcoin is worth investing in... And then they usually follow by saying all "Altcoins" are not a good investment. 😆
When BTC will be 1M USd, it will worth the same as today.
In a little second 😂😂
Global GDP is under $100 trillion. How does he get these numbers?
That’s what I was wondering. I believe the value of everything including debt is approx $900 trillion. So if BTC were to eat every bit of that value, which it won’t even close, would be about a $42 million dollar BTC.
@@Rlec021 yeah but Market Cap doesn’t include debt
Answer: It doesn't.
Wrong answer.
BTC has a ZERO percent chance of making $100,000 let alone a billion… that’s beyond delusional.
Can you provide details about your model that says it is zero percent chance or you just pulled it out of thin air?
You don't need a model when you use CAPITALS 😀😀😀
@@EE-gy1kf like the COVID model that said a health Armageddon was imminent? Or like Al Gore’s ‘climate’ model that said the earth would be a fireball by 2015? Perhaps my own rationale is based on the fact that people are greedy and will take profits if they bought at 20k and 30k and 40k... perhaps my rationale is based on the fact that BTC, like Ethereum, cannot scale for mass adoption because of its restricted block sizes... Perhaps it’s because transaction fees get busier and busier by far the more the network is used... lightning network? Please... 🤦♂BTC has nothing but the hype and prosperity of being the first mover in the crypto world... it will never cross 100k per coin... you don’t think the whales who own thousands of coins won’t take profits before then? The ONLY way BTC has any chance is if the dollar collapses completely. At which point, 100,000 will only be a number. The value proposition will be relative to the collapsed dollar, not a sudden increase.
It really doesn’t matter
“HOW MUCH A BITCOIN IS WORTH”
What matters is:
“WHAT DOES 7 BILLION BITCOIN ‘BUY’”???
It buys one twenty one millionth of everything
lmao . love it. lfg
These get more ridiculous by the day
The concern was not allowing bitcoin block to scale and so it is forced to layer 2. But if transactions go off chain you're now trusting another system to report to Bitcoin block chain what happened off chain. Perhaps, you can have a way that off chain part is verifiable. I don't get why we don't simply let it scale like the original paper intend it to. In any case, it doesn't add to confidence when we change the protocol. However, that's not to say it can't succeed as store of value or pure digital gold. I am not very confident it becomes an actual currency though.
Not very feasible as a unit of exchange. Just isn't. Other cryptos do that better.
After finishing the video I’m gonna admit I’m disappointed. This sounds like the excited LARP someone who is new to finance would assert.
At $7b/coin that’s a market cap of 1.47x10^17 which is ludicrous and unrepresentative of financial markets or reality in general. He talks about having to fit the worlds liquidity needs based on current mining output- which is neither descriptive of today’s market needs/ops and isn’t predictive of the future ecosystem where mining ceases to mint new coins. I’m a BTC mega bull but even Saylor would laugh at him
ikr
Imagine not knowing how clickbait works
Market cap is a function of price. Price is not a function of market cap. Price is set at the margin by supply and demand and market cap has nothing to do witth it. It is amazing people still do not get this.
@@EE-gy1kf what is more amazing is that you believe that one day 1btc = 7bn
Excetly! Market cap multiplier @@EE-gy1kf
Appoint that you should say about Ethereum over the long time it’s always hard for us like I have Ethereum and then I thought I was good to go but it’s really Ethereum classic so Ethereum in Ethereum classic one fork off of Ethereum but you can’t sell it the same so long term you may not have the right Ethereum
7 billion.. these guys are too high
just wait until quantum computer become mainstream. lol watch watch happens to bitcoin then. satoshi's wallets will come to life and bitcoin will be moved from there.
also, 21 million is def. not absolute. 21million can be changed at any moment - as long as there is consensus. get your shit straight.
Consensus would never allow anything that goes against economic interests. 21M coins is absolutely scarcity which would not change.
Come on sort ur head out, 7 bill a coin. Maybe in an hundred yrs but over the next 10 yrs lucky to get to a mill
bitcoin as collateral will have even higher margin requirements than real estate due to its volatility. pass me whatever you are smoking. look at AVE, look at the current lending protocols that exist.
also - you need smart contracts to use bitcoin as collateral in order for this to work automatically - similar to an escrow account.
and stop agreeing with everything that guy is telling you. it makes you look like a roockie.
Love the English Irish thing, the Irish are very good at slagging the English but would they really really have any say in the world, if it wasn’t for the English as the welsh & Scottish.. they hate the English because they would be speaking German and are weak and blame the English blar blar blar
I love the wonderful smell of backed hopium!
This guy is delusional
Why?
dude said 7 billion per bitcoin ...LMFAOOOO HAHAHHAHAHHAHHAHAHHAHHHAHHAHAHAHHAA
if i now you have btc, you will give your keys to me in wartime
Way too many ads. Thumbs down for that. :/ otherwise: excellent.
Use brave browser
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