Billionaire Explains Why The Worlds Currencies Are Collapsing
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- Опубліковано 1 бер 2022
- Patrick Bet-David Podcast Episode 128. In this short clip, Michael Saylor and Adam Sosnick discuss why the dollar will eventually collapse.
Watch the full podcast: • PBD Podcast | EP 128 |...
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Please note, NATO bombed & starved Libya to collapse once it's leadership was actively developing a Pan African Currency ( to compete with the Euro ) based on a basket of precious metals. Something to think about ...
that is the argument i always make when people discuss crypto. Those in power have no intention on losing it.
@@vasilikosmakos2250 nuh uh. if we just ask more nicely they will let us have some power. lmao. i with you. these crypto bros are naive. they will kill every single person before they give up power.
@@davruck1 that's the same thing I've been saying
Nooooo !! You mean the USA and it’s “Allies” do the same things to countries then start crying about when other countries do it??! I don’t believe it haha 😂
Hahahabahbahannana
We need more guests who go step by step. Not passionate political talk. More guests like this please
Nato is the military arm for the coming nwo. World govts are colluding together at the expense of their own citizens to usher in new world order. New world order led by obama and pope francis is coming. America is the last major bastion of freedom standing in their way to fulfill their one world govt agenda. America will be under martial law from this covid agenda and will be invaded by russia and china in near future thanks to treasonous us govt. Repent and seek jesus christ for salvation.
@@daebak7370 He said NO MORE POLITICS plz. And no Jesus bullshit.
@@Brian-vk1hm nobody was talking politics. If you dismiss jesus as some kind of a lie..you will be a sucker for all the lies govt msm and our major institutions feed you. Their whole objective is a new world order aka antichrist beast system aka totalitarian one world govt system under satan/antichrist authority. How they will accomplish this is by controlling every sector of our society controlling the narrative and creating a massive web of lies/disinformation. To paint a false picture of our "reality" hence why they push pseudo science and psuedo history thru our textbooks school since childhood up to college in these institutions to brainwash/indoctrinate and lead society astray. They want us to dismiss the notion of God/creator w/ this bs man made theories like big bang evolution theory of relativism blackholes outerspace space globe earth caveman nonsense. "Our disinformation program will be complete when everything the american public believes is a lie"-William Casey, former director of cia. Cia are notorious Satanists. Its time to wake up to reality.
@@daebak7370 America is not free. We're a bunch of cucks.
By the way it looks like he is going step by step but he does so after assuming much fundamental knowledge and what happens in this situation is people think they understand him, because he makes a good case, but they don't understand him and never admit it. This happens with all financial advisors, they have a lot of information and they confuse their client with jargon, which seems to make sense but their is a massive flaw in the sensible sounding theory. The flaw in this guy's theory with regards Bitcoin is that he thinks it incorruptible or in other words it's private. The flaw is this- the swift banking system is a necessity for liquidation and spending money held in Bitcoin therefore if the swift banking system is corrupt, which it is, then Bitcoin is compromised. This is the usual fallacy of such people, the conduct analysis over a particular time frame and then project that on another time frame. This is not wise, Bitcoin has not be seized or restricted by corrupt politics up until now, this doesn't mean it is immune from this. It is actually primed for being targeted by the corrupt leaders, because in a sense it is in opposition to their greed. There are a great many holes in this guy's theory, you can't spot them because you don't know the foundations of what he is talking about so you don't have the ability to test the base, if the base is wrong then everything built on it is also wrong. Take the theory or relatively for example, everyone know the equation E=mc2 but very few people know what it means or how to test it's validity. Because you don't know what the theory rest on you can't test it, once on find out the core foundation you can test it and you will see it is pure fantasy. It's the same with this guy, you are impressed because you don't understand him but you think you do, this is not an insult because it takes great care to understand some and to create understanding in an other person. This is how you tell someone is aimed at understanding and it's very simple and absent in this man- as the talk they will check you are following them and test your understanding is developing. This man didn't do this, he just went off on a monologue which baffled everyone listening and blinded them to the underlying flaws. The end result is everyone thinks this guy is smart, the end result for a teacher must be the end result is you have understanding not that they have glory.
Michael Saylor please go on Joe Rogan. Your information needs to be spread to the world!
I'm wondering if Michael would maybe have concerns about being stigmatized and characterized by mainstream media as participating on a show that has a rep for misinformation.
It's the mainstream that needs to learn about Bitcoin. Just putting that out there.
I agree a Joe Rogan episode would unpack alot more. Don't worry about the haters we will stick to open minds
@@Eggfartman The mainstream media is the greatest source of misinformation on the planet.
💯
Or just share this video?
Whole crew is dead silent. As I expected this interview would be... Lol
Great content. And thanks for letting him talk non stop. Very informative.
A lot of babble too. Next year by will be smtg else. They keep changing the sale pitch
The silence in the the room while Saylor is talking tells it all! He’s a genius.
Thats not silence thats the sound of people taking notes.
He made a mistake at 1:02
The us dollar is NOT the strongest currency in the world. The British pounds is stronger (£), the kuwait dinar (kwd) is stronger, others are as well.
@@chidi8415 it is the strongest and will remain the strongest until it is no longer the world reserve currency
no, hes going to lose his ass with bitcoin, along with everyone else.. bitcoin is a scam, and its sad to see people fall for it.,.,
@@randy1ization Oh ok - I see you have really studied it and know what your talking about.😜
My boys eyes are wide open. I'm happy to see another smart person educating the world
Nato is the military arm for the coming nwo. World govts are colluding together at the expense of their own citizens to usher in new world order. New world order led by obama and pope francis is coming. America is the last major bastion of freedom standing in their way to fulfill their one world govt system agenda aka antichrist beast system. America will be under martial law from this covid agenda and will be invaded by russia and china in near future thanks to treasonous us govt. Repent and seek jesus christ for salvation.
@@daebak7370 ahaha you are so far off. Yes, repent, seek God, but you’re awful prediction of the future is laughable
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Who is the other smart person?
Me. I’m the smarty.
A cashless society means the end of virtually all freedoms.and you’d be crazy to think somehow we could maneuver in a space like that with any semblance of liberty
It depends how you do it. If we are talking about CBDC's (central bank digital currencies) which would be a crypto run by the government, you would be correct. If we are talking about decentralized crypto's like Bitcoin or even privacy crypto's such as Monero, you will actually be able to take back more freedoms and liberties.
So basically if you are against the government run cryptos (a crypto USD), then use a decentralized crypto outside of that system (particularly privacy coin), that can't be tracked when conducting business.
A cashless society is scary, but there is a very positive side of it as well. The problem is the government REALLY doesn't want people to learn the other half of this story. McAfee definitely got killed over this.
@@Skateboard_ If you seriously think Bitcoin will coexist alongside federal reserve centralized crypto than you havent really been paying attention to who or how the world is governed do you?
@@outlander234 You're right, it probably won't on an official level, but it will probably be like how people were still smoking weed even when it was illegal. That's the way I view it.
@@Skateboard_ It just wont. Even without introduction of any centralized crypto currency, it has already received major flak for its one fatal flaw; it consumes way too much electricity to be sustainable, in its current state its consuming electricity of a small country and in the current climate change and energy awareness they could literally pull the plug on it and say its just too bad for the environment. The whole decentralization thing is not only its main advantage but also its major flaw, the cost of computing just keeps increasing and if it were to become a proper currency being used daily it would be so much slower than a centralized system. There is just no future for it.
@@outlander234 You are exactly right, it takes up too much electricity and it's too cumbersome. That doesn't mean that there won't be another decentralized crypto that works like 3rd generation ones like XRP, XLM, HBAR, etc. Proof of work doesn't work, but that doesn't mean you couldn't have something like a Bitcoin or a Monero that operates on proof of stake or some other technology. If I'm not mistaken, Hedera Hashgraph even made their code open source recently so a lot of things could happen with that.
This man is proof that it's a life long job watching and making sure you stay wealthy
very good point 👉....makes you think
And then you die.
@@tyd8077 money affords many lifetimes...happy to die after that...
Dudes a G. he has changed the way I think about everything. Alot of people are going become wealthy following this man.
Good luck
The tax laws will certainly change because of him. They already are (unrealized capital gains tax being talked about because of people like him)
@@jalexb915 Unrealized capital gains tax is the most blatantly idiotic proposal that has ever existed. It's impossible to implement, so don't even pay it any mind.
Man your freedom steady being taking away and millions of rats are falling for the trick hope your kids can handle the pressure of being controlled by a demonic government
Not really. Unfortunately most of what he's saying is dependent on extremely high risk tolerance and idealist notions of free enterprise. It isn't actually a smart decision to get a loan in another currency because of the cost of interest. The bank you are getting the loan from will never do it for free because that doesn't make sense for the bank. They will obviously make more money from your interest on the loan than you will make from the currency short. Even if you manage to get a good enough interest rate the chances of maintaining your own holdings over the course of 10 years is already very low. Unless you already have a billion dollars to act as a safety net you will likely find yourself needing some of that money over the course of those 10 years. Even if you have all of that governments already sell bonds for this explicit purpose. It just doesn't make that much money. You put in a million dollars and you might get $100,000 after 10 years. That's income below the poverty line. It only makes sense if you put in hundreds of millions if not billions, which most people don't have. Even if his means of approaching the problem are somewhat novel this concept isn't anything new and already has very easy mechanisms for doing so.
Another thing, killing someone to destroy their bitcoin will only make the market more scarce aka increasing the value of their own holdings, so it doesn't actually get rid of the incentive to do so. Eventually if enough of the currency is destroyed it will inherently lose its value for its lack of usefulness. The problem with listening to people that are already rich talk about how to make money is most of it is completely dependent on already having money to begin with. If you don't have that money you will need to get a loan and use it in a way that lets you pay back the bank on their terms. Crypto-currencies haven't changed anything about this dynamic and haven't created any new opportunities for social mobility.
I can listen to Michael all day long. This is a perfect explanation of why gov's are trying to shut down BTC. They can't control/manipulate it.
a few years ago when the central banks announced they would start buying crypto i knew then their plan was to buy large enough amounts with fiat to drive price up then sell off to collapse the market driving investors away. the idea crypto cant be manipulated is very naive.
@@habibimaya - I'm not talking about the price from the centralized exchanges being manipulated. I'm talking about the tech of BTC's. BTC is the only product that a person or organizations can't control. It is fully decentralized.
@@youpigfacetv but the price of bitcoin can certainly be manipulated by the central banks. by buying up as much as necessary then dumping to cause the panic sell off.
@@habibimaya then don’t think of BTC… think blockchain or NFTs, rn you can make your own blockchain and allow it to be 100% decentralized
@@habibimaya - No one is arguing that the whales can and will influence the price. I'm talking about the decentralized tech. BTW, BTC created the blockchain/genesis chain.
He makes interesting points. 1) Billionaire problems, most people can’t buy large enough blocks of any asset. 2) Crypto not requiring maintenance or other physical intrusion means less for the economy because no jobs created from that on an individual basis. 3) Gold has held value as an asset for 1000 years so it’s not to be dismissed. He’s very good at explaining the currency stuff. More great content from this channel!
The problem with the property scenario being a hedge against currency is that if you have debt on the property can you legally must have insurance and insurance will go up every year with inflation as well the property taxes. Bitcoin has neither insurance or property taxes.
The guest is surgical with his explanation. Hes given this alot of thought and unpacked the movement of wealth from gold to virtual gold. Fascinating character bring him
Back to talk about the concept of interest banking!
This was one of the best video to come out in 2022 so far Pat.
Nato is the military arm for the coming nwo. World govts are colluding together at the expense of their own citizens to usher in new world order. New world order led by obama and pope francis is coming. America is the last major bastion of freedom standing in their way to fulfill their one world govt agenda. America will be under martial law from this covid agenda and will be invaded by russia and china in near future thanks to treasonous us govt. Repent and seek jesus christ for salvation.
That property spiel was legendary game from a billionaire listen to it multiple times.
0:53 his explanation is literally why gold is money and a store of value (not currency)
There’s no such thing as a store of value. That’s another illusion of the mind.
@@davruck1 gold is just a status symbol and money a religion. we can make anything if certain communities believe in their local efforts
This is the best podscast, i learn a lot in 11 minutes
Best financial lesson I learned after 4 years in business school... they will never teach you this... education equals indoctrination
His thesis is very solid, but not entirely correct and not set in stone. Governments (worldwide) can and most certainly will find ways to oppress, tax & regulate Bitcoin and Stable coins until the value gets crushed as they are doing right now in fact.
@@j.paulandrews261 mark of beast aka mind control via neuralink
Nonsense
Best clip of your that I have seen :)
Yes! Patrick listens to his audience and brought on the Big Dog on the show, Mr. Diamond Hands himself! 🔷🙌
😎😎😎😎✅✅✅🍼🍼🍼🍼🍼🌈🌈🌈👑👑👑👑👑👑👑👑😉😉😉😉🍪🍪🍪🍪🍪 the real 👑 cookie monsters of your mami, daddy and god ✅ amen 🙏 just be safe and have fun 🤩 kisses from mami 🌈❤️🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🍿🍿🍿..
Always great thoughts Mr Saylor. Thanks PBD for having him on.
Nato is the military arm for the coming nwo. World govts are colluding together at the expense of their own citizens to usher in new world order. New world order led by obama and pope francis is coming. America is the last major bastion of freedom standing in their way to fulfill their one world govt system. America will be under martial law from this covid agenda and will be invaded by russia and china in near future thanks to treasonous us govt. Repent and seek jesus christ for salvation.
Watch talks of him on apple and the smartphone 12 years ago. The man is forward thinking and sees where the ball is going.
I am from Argentina,living in USA since 2000, this man is telling exactly what happened in my country years ago and will keep happening. Lot of people got their savings in US dollars, gov. changed that to pesos one to one ( You had USD 10,000, now you have 10,000 pesos).
apples and oranges ...Argentina vs the US....Argentina (Ive been there) is a god awful impoverished nation. Tho the US will face a day reckoning, and is facing some serious economic issues....still a very dynamic complex nation, where money from the around still pours in. Argentina's economy is a county in NY state.
@@MBB563 I wasn’t talking about US, i was just corroborating his story on what happened in Argentina. My country has a lot of resources, is really rich, but the mentality of the people suck, they rather steal everything while they are in power so they can retire in a foreign country and live like kings.
@@MBB563
How can the US ever face the same situation
Everyone has to buy oil in us dollars
They spend 25 percent of their GDP on their armed forces
Any country that tries to move away from the petro dollar gets bombed back to the stone ages on the premise of a peacekeeping mission.
America gets all its fuel for free they only have to print dollars another country has to produce or work to buy those dollars to get oil
Michael Saylor is the man! Thanks Pat
Great topic. Federal reserve and pur currency is totally corrupt and needs to change. I liked dollar being backed by gold and silver
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Our new currency WILL be backed by Precious Metals; silver, gold and platinum.
Money is the value of human work/energy. In a barter system, I put my energy into producing milk and you put your energy into producing eggs and I trade you a certain amount of milk for a certain amount of eggs. How are the amounts determined? It would be a calculation of how much work went into the production of each.
Very interesting perspective. Thank you!
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What happens when you have no electrical power, no Internet connection and the servers that host the cryptocurrency platforms are destroyed? Would any crypto have value then?
Facts
What happens when a tornado destroys the building you invested on? What happens when a bank goes in bankrupcy and withholds your life savings? What happens if the money you have under your bed gets eaten by rats? Will all of them have any value?
There is always a risk, no matter how or where you invest! Crypto and other form of digital assets are no diffrent and are not inmune to risk!
You just have to evaluate that risk and study what are the chances of them actually happening!
Disclaimer: i dont use digital assets in any shape or form, im just stating theres no such thing as free of risk!
@@GlitchingBad 1. If you have insurance, it's covered.
2. You're f%cked
3. Put it into a metal container and get a cat.
That would never happen
At this point in civilization if we lose all of those things then everything becomes valueless. Good luck using your credit card, I'm guessing you're holding all cash just in case?
Digital currency is being developed by governments for use by their citizens. The infrastructure is in place it’s just a matter of time. When it happens, the government will be able to dictate what you can and cannot buy. “ oh I want to support this group.” “Sorry your transaction has been denied.” Bit Coin is our little ray of hope
The shift to digital currency has always been able about govt control just as shift to electric cars under the false pretext of "climate change/global warming". World govts are colluding together at the expense of their own citizens to usher in new world order. New world order led by obama and pope francis is coming. America is the last major bastion of freedom standing in their way to fulfill their one world govt agenda aka antichrist beast system. America will be under martial law from this covid agenda and will be invaded by russia and china in near future thanks to treasonous us govt. Repent and seek jesus christ for salvation.
@@daebak7370 one world currency. In the new world order.
@@murderofcrows4355 yes you are correct which is the mark of beast. Without this no man can buy or sell. Revelation 13
@@daebak7370 right on the money my brother. Shalom .
@@dentaltech1972 thank you brother. God bless
Brilliant and humbling. Thank you
6:30 Looks like an endorsement for digital land in the metaverse as well as BTC
This guy is Jordan Peterson's brother who gives financial advice.
Lol! So true
Lol exactly this guy is literally just making shit up he hasn’t said anything
He who wears a big cross is definitely an honest person. That's just the rules of crucifixes.
What if the power goes out, or cell phone providers have service issues? How do you access your funds?
A fascinating video 👏👏
Sounds interesting. I can't help but remember the two brokers I spoke to in Washington State, whose Bitcoin accounts were emptied overnight - gone. Like the pyramid schemes of the early 80's where everyone on top thought it was the answer, while those on the bottom where left only with empty pockets and questions...
Then the reality is, they weren't managing the security correctly
So you hold Bitcoin in an account, the account get hacked or whatever. What does that has to do with Bitcoin?
You should have asked the brokers why they kept their bitcoin on an "account" instead of a hard wallet.
Bit insulting to actual pyramid scheme victims to compare them to people who hold assets with the highest security options available and then neglecting to actually utilise that security (by instead leaving it on an online "account).
They were either lying or just stupid “whales” (people with huge portfolios) as they call them keep their currency on a hard wallet in a safe not in an account. This has been repeatedly advised for years.
Finally some good education
Amazing monologue, really got me thinking! The title is inaccurate though.
Super smart conversation.
Michael Saylor is brilliant. He understands the metaphysical importance & utility of Bitcoin. And perhaps equally as important is he can articulate it in the most concise way.
No greed involved right? 😂😂
Metaphysical? Deepak?
@Angelo Balbi bitcoin is a Ponzi-like risky highly speculative investment. These people don’t get it , you nailed it perfectly 👍
Bitcoin has no utility its ancient the energy bitcoin uses is insane. Plenty of others that use fraction of bitcoins energy. Xrp, stellar luminens, etherueum etc.
@Angelo Balbi Indeed labor is money, ultimately. The Benedictine monks had a very thriving economy based upon that realization.
Bitcoin is growing because people hold it, but it also dependes on electricity and favors the first investors even while they are still dead, that money stops circulating and that's a huge problem.
I agree with your comment except one thing you don't hold crypto
Understood about half of this, but still makes sense
Question is, how old is cyberspace and how long will it last?
Printing Money = currency Deflation ... and its called "INFLATION"
Currency DEVALUATION = Inflation
Sorta. Printing more paper reduces the purchasing power of the Petro Dollar.
I still like physical silver... Damn good physical asset imo
Don't hurt to spread things around. I have farm land, gold, silver, bitcoin, ethereum and a rental house.
@@taklfarms2575 agreed..... Never said it was my only holding's...
When the world goes to apocalypse, food, water and brass&lead will be the most valuable assets on earth.
@@jackbauer4186 rather obvious at this point...
Harvey Woods LLC won at MIT for their energy currency backed by solar production.
What if theres no way to move it in cyber space? Like if the power just stopped for everyone?
That would crash all currencies
Wouldn't crash precious metals and commodities.
Run a government on debt then ask why? I am stupefied by how easily this is explained. Yet we need this guy to tell us some big secrets.
Know it all do you? Since your enstien musk the quitilionair please show me how to do my taxes.
Fiat Currencies WOULD work if governments would simply allow market forces to determine things like prices, money supply, inflation, foreX, etc.
Not gonna happen. Politicians have been promised their slice of the pie from the organizations who tell us we will own nothing and be happy
im with Beez as well, this would and will never happen
I get his talks about politicians promise, but there will soon at some point of time socialism programs created, thus taxes are introduced - than shelters are created (LLC/INC), than off shoring of properties and moneys
What I just described was Rome, EU, Most of China main land, the United States, and Deep South America
History proves no government regardless of style will ever just let them "Go", plus with population and demand raises over time as we do as humans will automatically demand a central type of government to regulate the money.
On regulations there would also need to be a regulation on how money is shared thus Socialism once again and when things get bad communism economics start to flourish
It'll never work, this guy's (Speaker) ideas are rather interesting as he is speaking of under cutting before the bad things I just talked about happen.
Personally never considered what he is speaking about but am extremely interested at this point.
They never do......so that is fantasy
@@johngalt6838 the point is , the problem is with corrupt politicians , governments and central banks across the world. They are to blame . Not fiat currency.
We are all going to have to fight our money and rights
When do I buy the dip?
Now
Great analogy
The difference is this: anyone with could store gold in a safe or a vault, but only a very small amount of people can figure out how to buy, store and protect their BTC. Yes, there are millions of people who can figure out how to use cryptocurrencies as a store of value, but there are billions who simply cannot with their current level of education, and access to information, and even electricity across the world
Ye, people will lose their access to tgeir BTC which is what governments want when people have too much money.
How did civilization ever develop and use anything? If initial inability to use a technology prevented eventual adoption, then how can we explain people driving cars, using computers, smart phones, etc.?
Also, it's not true that anyone can store gold in a safe or a vault. Most people don't know how to verify the gold they are buying is real nor do they have the knowledge or money to afford an actually secure safe or vault. It's easier to learn how to use a ledger wallet than to figure out how to safely secure your own gold, much less protecting that gold afterwards.
Finally, the world is more globalized than ever. If I need to relocate to work, what do I do with my gold? Spend more of it to transport it?
they are so interested/intrigued by what he is saying, they don't even ask questions
One glaringly obvious point that Michael gave us the bookends to is that if the s&p goes up 10% and the value of the dollar goes down 10%, the s&p effectively did not actually change in underlying value. What has happened is the price has increased by the devaluation of the currency it is being pegged to.
If the currency remains the same and the s&p increases that is actual value gain.
What happens to bitcoin after a emp, solar flare etc. Like the Carrington event?
This is interesting and useful, but bitcoin's value is still predicated on a stable, functioning society that can keep the lights on. If society collapses due to financial strain, you're looking at lot of angry mobs with a vendetta against these kinds of parasitic rent-seeking investment practices.
Just thank you to your guest.
I have learned so much from just this video 👀
When he talks about buying "an online block of houses".....is that what the metaverse is trying to be?
Whatever it is, it's the dumbest thing I've ever heard of.
Gold works. The problem is that we went off of the Gold Standard.
You should do a show about how the national debt is going to be paid and who owns it.
It will never be repaid. The great financial reset will zero out the balance
If you listen to Greg Braden's video explaining Bit Coin, a lot of this same information.
Im sure very powerful states and folks already have quantum computers that can keep hold of crypto.
I’m gonna go out on a limb and say the common theme is government.
Free lessons,I can’t imagine it’s free on UA-cam!!!
Fascinating 👏👏
Sounds like a guy trying to sell or promote his assets in BTC? He has an agenda. Fact, if you can't hold it, then you don't own it!
BTC = NFTs for financial midwits.
Right! Tangible assets are great!
I like the thesis, though there are lots of obvious risks and holes that need to be hedged here too. Gold miners will create more gold...yes but at a much slower rate because it will be further in the ground etc. Governments can regulate and ban still. In a massive collapse you still need energy and infrastructure to access you bitcoin etc. So yes in a theoretical world where you can hold 1000 years, great! But good luck getting any real returns :p
Exactly. Well said. There are so many things you can do with gold too. Weight it, change it, digitize it’s value and take it to any country and exchange it relative to it’s current value, use it as a conductor as apposed to something that’s extremely volatile. Bitcoin doesn’t produce a product or service. It doesn’t generate financial reports, has no assets, no inventory. It’s has value only because the 1% has the most of it and they are holding it. The only people who should hold/buy bitcoin are people who are already high net worth that if they lose it, it means nothing to their financial security.
exactly… governments at any moment could declare bitcoin a “national security risk” bc it is a direct threat to national currencies and therefore economic stability. if all western countries were to simultaneously ban cryptocurrencies, then what? probably the better investment is gold or land/real estate.
very interesting
The true value lies in trust if you have trust in it it is almost perfect
Same goes for currency no trust no value
Why does he never talk about the stablecoins which are keeping the price of Bitcoin from completely crashing. Stablecoins which are no longer backed 1 to 1 by cash reserves.
Good point. Once the government comes after so called "Stablecoins" Bitcoin will be back to 10k levels again...this is not over, regulations will be coming.
We need our money backed up by gold and silver and copper just the way our founding fathers set it up to be
inserts asteroid mining into the mix. and it's worthless (which is why powers that be are pushing for processing plants and factories in space or on the moon for those materials so that none of it comes down to earth in bulk and collapse the value)
No
Bitcoin "teleport instantly" -- LMFAO
For Bitcoin to be virtual property and have it make you money, aside from volatility in the market, would mean that you'd have to be "renting" it. This would mean you'd be involved in the DEFI system if you wanted to put it to work for you. None of those systems have been nearly as reliable as a properly vetted renter that you'd have occupying a physical property that you own. Margins are smaller in real estate most times but they seem more reliable. Plus they don't have future prohibitive regulation looming over them, for the time being at least.
There is no prohibitive regulation looming for Bitcoin. You’ll be able to use Bitcoin in a trustless wrapped protocol that will earn yield and along you to loan that wrapped asset instead of risking your Bitcoin. Truly, there will be some paradigm shifting changes that come from all of this. There already are to some extent.
@@trimpoloxolop not entirely correct and not set in stone. Governments (worldwide) can and most certainly will find ways to oppress, tax & regulate Bitcoin and Stable coins until the value gets crushed as they are doing right now in fact.
@@j.paulandrews261 that’s not how the regulation works. We want regulation, it will drive adoption like never before. If you think Bitcoin will get crushed with regulation, then prepare to be surprised.
@@trimpoloxolop In the short term, that is Exactly how it works. Over the long run I'm bullish on crypto but in the meantime and with this terrible leadership in US office more bearish than bullish.
Now can you have this translated into normal people language
I own Bitcoin, but I own more Gold. I can hold it, and it relies on nothing for its reality. BTC relies on computers, electricity, functioning software, private keys, and virtual accessibility. In my view, Gold still wins.
Gold also 6,000 year track record to judge future performances.
It also has 6,000 of human conditioning to reinforce its perceived value.
BTC has 12 years. The financial crash was 14 years ago, so BTC doesn't even have 1 market cycle to judge its performance on.
@@conor7179 Exactly.
@@uknow1094 That's true. Hence, it is only 2% of my total portfolio, which I will eventually edge up to 5%. If it does well, I win, if it shits the bed, I lose very litte.
@@conor7179 BTC has 1 market crash (March 2020) to go off of and it dropped to 3.8k, I wouldn't be surprised if we are back at 10k by 2023 during a Stock market crash.
Just because you don't understand how Bitcoin works, doesn't mean that it doesn't work. Bitcoin is so reliable that the initial addresses contain roughly 40 billion dollars worth of BTC in them, everyone knows they're there and can see where they are and not a penny has ever been touched. Think about that.
Thing is govts can make it illegal to use crypto for your day to day expenses or highly tax the exchanges etc…
His studio looks like a post office
In the 3 months after Saylor explains why currencies of the world will collapse, he has lost billions on his crypto investments while the USD has retained it's global strength. The Great Crypto scam will teach us many lessons, but one big takeaway is that the massive liqidity provided by the FED, along with other factors allowed many people with very limited knowledge of the economy and financial systems to become quite wealthy, briefly. Tragic.
The stock market is beginning to slide into bear.
@@macrobaked9182 fair 'nuff! : )
What would happen if there’s a super nova and destroys satellites and internet and all the other stuff with electricity??
Bingo. An EMP would destroy all data.
Won't happen. Stars collapsing on themselves are so far away. The light you see from stars , you're actually seeing the light from a week ago.
But sometimes stars send heatwaves strong enough that could damage satellites and or the internet
Say what you want about this guy but he is just plain likable
He says digital property or a company doesn’t have the same maintenance costs or risk of physical events. What happens when a physical event shuts down access to the digital property though?
What happens if of the 21 million bitcoin, a chunk of it gets lost because the owners forget the passwords or took them to the grave? Wouldn’t this mean that bitcoin can die off with time as more and more are lost until none remain?
Price will increase but it will just be diluted down more. So there will be more satoshis to the decimal place being used as there is less so it's fractioned up more
I have "lost" a couple Bitcoin. Got them for a couple dollars each years ago and completely forgot about it until a couple years ago when I mate mentioned he was getting into it.
I have kept the hard drive from that PC but it's pretty useless.
One thing he forgets to mention is that the US Dollar is being backed by Oil and not Gold anymore and that is the main reason for America going at war for Oil. So in other words Oil is the currency.
this is why bitcoin will not survive, if oil ever got traded in bitcoin instead of the dollar, the US would collapse. because oil is bought and sold in dollars, we can print as much money as we want, and the whole world accepts it.. this arrangement was made when saudi arabia discover it had billions of barrels of oil under it. the us promised to protect saudi arabia indefinitely if the sold thier oil in US dollars exclusviely..
well recently, saudi made a deal with china to sell some oil in yen.,. russian rubles as well.. so this is a very volatile time were living in.. if russia and china agree to protect saudi from Iran, they may very well TRY to stop selling oil in US dollars.. Then Us would allow Iran to attack saudi. saudi is loyal to nobody...
don't they mine bitcoin. also if you dont give password to your safe do they Still get in?
Investing in the intangibles of digital real estate? Many creative ways man can use his avarice never ceases to amaze me
When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
Interesting, I have a lump sum doing absolutely nothing at all in my bank account,
I wanna get something started with it, any reasonable ideal?
There are platform where you can invest and they trade your money. Then pay you profit either weekly or monthly.
That's investing.
Investing in stocks is a good idea, but good trading system will put you through many days of success.
Wow I know Mrs Laura. I met her at a conference in The Dome at Americans Center life 2016 where she introduced us to her business strategy, she helped me cover my loans.
Amazing!!!... I also started trading with Mrs Laura, she's the best at what he does with an initial investment of $3,500 Canadian I made up to $28,450 profit in just 3 weeks of trading with her, her strategies are mind blowing.
Without internet access crypto cannot transact. Precious metals on the other hand…
It can transfer from Bluetooth
@@trevordennis4939 That would be the least secure way you could possibly transfer crypto, good luck with that.
@@natecoleman7985 with VPN connected with your phone, it possible and secure way of transfer funds from wallet without Internet, any where in the world, Bitcoin was invented to decentralized the way you send and secure digital currency
What can you make out of a bit coin? .... Then what can you make with gold ?
Hello just wanted to ask quick question. What NETWORTH should someone have where they can buy multiple cars worth 350k to 500k and Iive lavish ?? Can anyone help me out please 🙏
Fed created btc. You think they weren't into cryptography long before it came about in 2009. They are always ahead of the curve. These whale wallets belong to the cia/equivalent group. Think about it. 1 - satoshi nokamoto (psyop name if I've ever heard one) 2 - massive dollar debt. 3 - btc in 10 years is worth a million bucks. Powers that be have a million + btc. 4 - promoted/mentions on the mainstream news. 5 - Here in Australia major banks now have made it easier for clients to purchase. The cyberpunks that created btc have bullets in the back of their heads. My opinion. But it means get in on it.
10:03 This guy is the smartest guy in the room on Bitcoin that I have seen on your show. He knows exactly what Bitcoin is.
It is a virus and it’s incredibly dangerous.
If it's a Virus the Governments worldwide, will be the Anti-virus...
And awesome
WOW! Never thought of BTC that way.
fascinating
Gold works. Not now but when your claim of "energy" falls apart due to economic collapses Gold will be the most essential form of money next to Silver.
So his form of concept is only telling you one side of the whole truth. He's only looking at short term and instant revenue. He's not looking at other hypotheticals if change happens that he didnt predict.
I don’t know who would care about gold in that scenario. If energy falls apart, you’d be surprised what people actually value. It’ll be every day things.
Yea like the world ending and there will be no more servers or internet to access your money lol always gotta have some gold as part of your reserves
He explained the many, many flaws of Gold in his debate on Stansbury
He's not talking about Gold, in particular here, because nobody cares about Gold, in particular
Bitcoin is Gold, if you added to Gold vastly improved security, improved scarcity, the ability to move at the speed of light, better security, and lower holding costs and transfer fees.
Hey, the world needs shiny rocks too.
If there is no currency gold becomes valueless. Shelter, food, water. Those will become currency.
@Hunchoz what the hell you gonna use gold for when people need food and shelter? This isn't the 1400s. If you can't do anything with it it's worth nothing
Bitcoin has two purposes: 1. To introduce cryptocurrencies to the world and test out the tech 2. To make big boys even richer, once they decide to pull the plug on it, all the major investors will have sold their bitcoins and it will be exactly like a stock crashing, majority of people will lose out especially small investors.
Yah control poor ppl even stop ppl helping each other imagin my friend from different nationality I tried to send him 50 dollar westerner union refuse cause we from dif nationality imagine what crypto will make
There isn’t a plug to pull on Bitcoin.
@@mik3ymomo Ofcourse there is. They can regulate and ban it if they want.
XRP is their coin of choice. It’s the only proof is stake coin where the validates are chosen. You the public can never be primary validators and therefore you will all end up as slaves to the digital currency.
As for your private coin, that will be banned.
@@outlander234 Regulating and banning it would change absolutely nothing. Your ignorance is painful.
I'm just wondering if the wonderful people at valutainment get it now?
Genuine question: In regards to crypto. What happens if the internet or electricity goes away?
Water, food, and bullets will be your currency, not dollars, gold, or Bitcoin.
Bitcoin is like owning stock in an inactive company. It's the biggest scam of all time.
That would be the Dollar. That’s backed by nothing but the might of the US military and it just lost to a bunch of goat farmers and ruined their economy in the process.
The Vietnam war cost the US the gold standard. It was given a lifeline by Paul Volker and Reagan jacking interest rates to over 20%. That option might not work this time and I don’t even think the politicians want that burden. Add in new technology to avoid the damage for the average person. You’ve got a deadly mix and not the brains left running the show to save it.
@@JohnSmith-kb5kulol you're right about that, but the USD scam is so wide spread at this point it is the system.
Have fun staying poor
@@howsyamotha7252 Will do, and my mothers good
Once the big players pull the plug on it and get out of it before the rest realize that I predict rise in suicides that year...