Will Bitcoin Make $ 400,000? It will – and this is why ► My Stock Portfolio + Stock Tracker: ► Limited Time – Get 4 FREE Shares on WeBull (Deposit $ 100 and receive 2 Shares worth up to $ 1600): ► Get up to $ 250 in digital currency: ► ROBINHOOD (Receive 1 share when you sign up): ► Open a Roth IRA: ► How I keep my digital currency: ► FREE Discord: ► Follow me on Instagram: My PO Box: Andrei Jikh 4132 S. Rainbow Blvd # 270 Las Vegas, NV 89103 Bitcoin. You’ve probably heard of it. Some people think it is a scam and other people treat it like a religion. In this video, I wanted to place myself between those two and speak objectively about what makes good money and why Bitcoin even has value. The truth can be hard to see through the hype, so first, what just happened to Bitcoin? Bitcoin finally broke through its all-time high of $ 20,000 for the first time ever. In today’s video, I want to show you why that happened, and the price of Bitcoin will eventually rise and why. Gold is historically the best form of money humanity has ever created – until now. Let’s take a look at what makes good money valuable and why people think Bitcoin is the new gold. For money to be “good money” it must have 5 properties. 1. Divisibility. Gold is not really divisible in its purest form, I cannot shave off a few pieces of gold and pay you with precision. The dollar is only divisible 100 times, that’s 100 pence. But with 1 Bitcoin, I can divide it into 100,000,000 pieces – they are called Satoshis, which is a tribute to the entity that created Bitcoin. Divisibility is important to move towards a more efficient on-demand economy, where we can focus on consumption-based taxes rather than income. 2. Durability. Gold is bad because it melts easily and mixes with impurities, and fiat is arguably worse because you can also destroy paper quite easily. 3. Rarity. That sounds like an easy thing, but it took civilization an eternity to agree on a standard that we were all happy with, because the people who lived on the beach wanted to use seashells that are clearly more abundant around the world. ocean. That’s why we used gold, because it was relatively evenly distributed, it was pretty hard to find, and that’s how it was for everyone around the world. However, the dollar is the exact opposite, because sometimes it is printed at billions of dollars a day, which is why they say that your money is losing value through inflation as we create more and more of it. 4. Eligibility. Money must be accepted by society worldwide, be it your local supermarket or the Internet. 5. Uniformity / fungibility. This means that every unit of value is exactly the same. Bitcoin actually has a problem here that I think will be solved in the future, but the problem is that we can track the origins of every Bitcoin from wallet to wallet, which in theory means that certain Bitcoins have been contaminated with criminal activity carried out by the government can be repossessed. , while others may be seen as pure – of course the pure will be more valuable than those who are not. That problem will eventually be resolved once Bitcoin resolves privacy with techniques such as shuffling or mixing. So why is the price hopping above its all-time high of $ 20,000? It is now finally that respected hedge fund managers are starting to realize it for themselves, which is why we recently saw investors putting billions of dollars into Bitcoin – they are finally seeing the light and understanding that at this point it is more of a risk to not own Bitcoin than to have it there. at least have a few. But that’s the story, the reality is that they are all smart and, along with banks and corporations, they have been slowly buying for a long time while telling everyone it was a scam. Even the Chief Investing Officer, Scott Minerd of Guggenheim Investments – has publicly said his billion dollar hedge fund has invested in Bitcoin since it was $ 10,000 and his team thinks Bitcoin will eventually go to 400,000 per coin – that’s the fundamental value of it. Coupled with economic uncertainty and the Federal Reserve’s stance on infinite quantitative easing – and we’ve got a perfect storm. An asset class that will continue to outperform everything else. * None of this is intended as investment advice, it is for entertainment purposes only. Above links contain affiliate committee or referrals. I am part of an affiliate network and I receive compensation from partner websites. The video is accurate at the date of publication, but may not be accurate in the future.
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