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damn it, I’m buying | Stocks VS Gold VS Bitcoin - YouTube

Channel: unknown

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hi chicken gang and friends first of all

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i am not selling tesla

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of all the videos i've done i think this

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is one of the most

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important one since i bought tesla back

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in 2016-2017 ish

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somehow after that i haven't found

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something so profound

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that will change the world i know i

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bought stocks like square jd and some

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other stocks in between but those are

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just

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like pistol shots profits for square is

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really good

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but the impact the company has is not as

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profound as

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tesla if you understand what i mean in

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my previous previous video

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i mentioned i'm going to take my next

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sniper shot that can potentially like 10

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times 200 times my wealth

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i gave many hints before this video from

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my interview with dave lee

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and replying to some comments on this

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channel it's my way to say thank you to

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those

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closely following me so before i go on

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every like you give helps contribute to

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helping animals i hope to spend more

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youtube ad money to help

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charity your little action goes a long

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way

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so thank you so much we have a very big

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problem now

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increasing debt unlimited qe negative

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interest rates

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everything is inflating inflation means

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the same

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product getting more expensive without

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getting better

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houses transport food plastic surgery

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okay i'm kidding

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but you get my point your house got more

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expensive but

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did your house get any better all

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inflation leads to one thing which is

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the failure of fiat currency

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fiat money is government issued currency

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that isn't backed by a commodity such as

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gold you know that the us dollar has

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lost

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96 percent of its value means today's

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one dollar

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will be worth less than 4 cents back in

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1913.

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there is no escaping history all fiat

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money will fail it may not be within my

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lifetime but it will

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fail it goes all the way back to the

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roman times with the roman daenerys

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chinese yen

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once searched 5 000 in 1949

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greek money the german paper mark and

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lately

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many many countries like zimbabwe

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belarus

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chilean the peninsula etc not a single

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fiat currency survive

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why since fiat money is not backed by

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anything

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eventually greed will definitely win

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fiat money is not durable you place your

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trust

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of your fiat money with a bank which is

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a third

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party if the bank one day says your

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account is worth zero

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it will be worth zero if the bank falls

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your

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money disappears into thin air both

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scenarios played out

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multiple times fiat money is also not

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portable try sending your money

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overseas on sunday sorry banks are not

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open

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you are better off sending it through

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fedex if you send a suspicious amount

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it will be blocked or outright

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confiscated with fiat you depend on the

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third party

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and you are at their mercy fear is

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inefficient sometimes you have to

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physically go to the bank

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fill up a form someone who is paid 10 to

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per hour takes the form you fill up key

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into the system design in the 1980s

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why do people like put up with this just

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this week i had to deal with a local

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bank

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and it wasn't pleasant last year another

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local bank made me

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run back to the bank and fill up the

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same form three times

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all encounters i follow exact

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instructions given but each time i go

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back because i

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dealt with a different person they have

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their own set of

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understanding i'm sure every one of you

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who uses the banks

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have some sort of shitty experience

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regarding my last week's experience i

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just contacted my lawyers and they

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confirmed that they can deal with the

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bank on my behalf

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so i do not need to why again do people

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put up with this

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i have a simple reason to you why fiat

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exists

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its very existence the fiat money is to

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serve the state

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when government controls money they

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control power

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printing money and reaches the printer

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and at the expense of

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everybody else who holds the previously

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printed money

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again i say it there is no escaping

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history all fiat money will fail

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fiat money again refers to currency not

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backed by

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a commodity fiat money all over the

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world now is backed by the faith

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of the government so the next question

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is why not

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go go has many physical constraints you

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can't break goal in many small

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pieces to buy a banana it's heavy

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and sending gold overseas is crazy hard

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you can't online shop with gold then why

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not

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digital golden centralization has

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counterparty risk

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if they become too big governments will

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cease control

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this exact scenario played out before

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too private money

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cannot scale because government will not

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allow it

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gold also inflates every year 2 or more

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gold is being mined

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and if gold price shoots up 10 times i

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assure you the inflation of gold will

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exceed

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2 percent so if everything inflates

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the logical thing to ask what is the

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alternative

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the answer is bitcoin i can tell you

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exactly there will be a maximum

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of 21 million bitcoins and i also can

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tell you exactly how many bitcoins are

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in circulation now

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a year from now and 10 years from now

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no central banks will be able to do this

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the best way to understand bitcoin or

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explain the way anthony pomp

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explains it we all know monopoly why the

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game of monopoly

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no banker is needed it's simply because

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everybody can see the money

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where the money is going and how the

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money is being transferred

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no third party or banks are needed this

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is bitcoin every transaction is

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transparent for the world to see

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and it goes all the way back to the very

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first bitcoin was created

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the data is stored in 10 minutes blocked

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thousands of computers all over the

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world it's a decentralized system

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the media keeps painting a bad image of

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bitcoin saying

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it's for criminals i will argue that is

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the worst way for criminals to receive

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money

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remember every transaction is

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transparent

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the u.s have tracked down criminals and

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arrested them

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you are much better off covering your

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tracks with

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fiat money this video i'm not going to

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talk about the technical

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details about bitcoin the point of this

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whole video is to understand the

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function of bitcoin

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technical details will be in the future

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videos or you can just go

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read up on it i've known how good

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bitcoin was for a while

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i just wasn't ready to invest a bigger

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amount

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no matter how good the technology was if

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the adoption of the technology is not

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there

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it's not going to take off uh if tesla

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made

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cars nobody buys tesla is worth nothing

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studying mixed services that are not

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adopted styling is worth

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nothing things has changed and lately my

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views on bitcoin have

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flipped we now have institutions buying

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into

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bitcoin i see smart money moving in

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microstrategy ceo recently got the bot

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approval to convert

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500 million cash to bitcoins

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square just bought 50 million dollars

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worth of bitcoins and

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i know they will buy more paypal just

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announced

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they will allow customers to buy sell

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bitcoin

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so just like tesla i'm there when the

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turning point

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happens and it's happening since all

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fiat money

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eventually fails bitcoin's function now

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is best used as a stock value

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just like go except bitcoin is so much

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better

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while it scares it's divisible you can

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break a bitcoin into a million pieces

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using it to buy a banana yes you can

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transact with 0.0001 bitcoin

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but what if the internet goes down there

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is no disadvantage because fiat money

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now uses the internet

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visa mastercard digital currency and

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everything uses

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the internet look at china farmers uses

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digital currency

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so just addressing one more concern

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governments banning bitcoin is the

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biggest concern

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never in history governments have

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successfully banned anything

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the murder is banned there is no way

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every government

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all over the world is going to work

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together to ban bitcoin to make sure i

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covered my grounds

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i ran into central banks on crypto the

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european central banks said that they

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will not ban

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same for the fed do you know that the

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u.s government

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holds a lot of bitcoin countries where

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fiat is

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failing or failed have adopted bitcoin

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iran's central bank just revised the law

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acquiring bitcoin miners to sell their

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coins directly to the central banks

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for the use of fund imports china ban

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bitcoin but

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china construction bank the big four

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banks of china

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government's bank and the world's second

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biggest bank

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just issued 3 billion in bonds of

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tradeable

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for bitcoin so this is my both thesis

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bitcoin is ready for prime time and this

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is where i see bitcoin's value

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eventually like looking years and years

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down

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it's not going to be like gold standard

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but

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bitcoin standard because bitcoin is not

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an asset rather i will argue it's a

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commodity like

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gold bitcoin has a market cap of about

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270 billion

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now gold is about 9 trillion without a

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doubt bitcoin will surpass gold

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meaning surpassing 10 times growth be

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clear

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if you are not mentally prepared for

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volatility

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walk away you are not ready to invest

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when i bought into tesla

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stock price dropped 60 70 stock was here

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and it's now

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here are you mentally capable of going

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through that kind of [ __ ]

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when lemonade drops 30 i see so many

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donkey comments

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they just had an amazing quarter tree if

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you are not ready for bitcoin volatility

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walk away however if you have done your

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research and you spend countless hours

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into this and your conviction is high

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go for it having said all this i will

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continue holding on to

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tesla i'm not selling a share i'm

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planning to

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increase my bitcoin position five times

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from one percent to

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five percent how to buy into bitcoin you

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will first need to find an exchange to

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buy bitcoin

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if you are from the us cash app is

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pretty good if you are from singapore

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i'm using binance.sg

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it's mas regulated if you are from uk eu

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australia etc

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i'm using binance.com do note both

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are different companies i use binance

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because they are the world's

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biggest exchange and the spread

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difference is the lowest

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i literally save thousands this is not

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