This guys ability to clarify things and his explanation of the stats are amazing. He truly helps many ppl see the future of the crypto world, especially Bitcoin.
This really aged well! 👍 We have BTC spot ETF since 11JAN 2024 and BTC price is $47,241 with +10% increase this week. Greetings from the past to the future viewers! 👋😀
I'm just on the cusp of "Millenial," as are my other two siblings. Out of all five of me, mother father, bro and sis, we ALL own crypto... I think half a mil is pretty low estimate...
It’s quite possible if you exclude the people who bought $100 worth of bitcoin in 2017 and never came back, 565k addresses have atleast $10k in BTC. Most people have multiple wallets and each wallet has multiple addresses...
Only 500,000 users? I wonder how he arrived at that number. Coinbase has 13 million KYC accounts alone. Most estimates I've read fall between 20 and 50 million users. Does anyone have any insight into how the 500,000 estimate may have been calculated?
9:11 Bitcoin did go up to 10k, but instead of meeting your prediction of "up to 40k in 5 months", it went down to 7k (at present moment) in those 5 months. How do you explain that?
hahaha. He is obviously working for the Whales. Every single of his predictions were bad for anyone who traded based on them. WHat happened here is that basically he was promising a bull-market soon. So whales were able to dump their coins they accumulated on low prices now on people who heard his speech and are buying it for expensive price. Easy money for the whales. :))
@@rinihaque2946 "up to 40k in 5 months" is not "up to 40k in 1.5 year", btw i've learned a-lot since then.. for example ignore then "analysts" and have my own strategy.
@ 12:00 mark Tom mentions Moneygram CEO saying "digital assets are going to become the primary pair to do remittances overseas" Tom then follows up that quote with the comment "How much easier is it to just send Bitcoin overseas" to solve the $11 trillion working capital issue. This guy is literally pitching XRP's use case/Ripple's ODL product and replaces it with the word "Bitcoin". Just in case you don't follow Ripple/XRP, Moneygram is part of a growing list of entities leveraging XRP as a bridge currency for fiat/fiat cross border payments through Ripple's On Demand Liquidity (ODL) product.
@@robertr392 My point is that when someone new to the crypto world will hear from Ivan that the supply of Bitcoin will reduce 50% he will wrongly think about total supply. That's all.
a broken clock is right twice a day.. people don't understand this. Bitcoin cannot scale, its tech is aging, and it cannot scale. I value BTC only ever reaching $25000... OMG Maybe if I'm right, I'll be the next Tom Lee!!!
In mid-2020, ten countries have 10 - 20% of adults saying they own crypto, and more than twenty countries have 3% or more of adults saying they own crypto. There might now be 10 million or tens of millions of BTC owners. His 500K figure is way off. Of course, some holders might hold $100 worth of BTC. Maybe only 500K people own $500 or more worth of BTC.
I love how Tom quotes Moneygram (MG) and then uses Bitcoin as the example.. They aren't using Bitcoin, they are using Ripple's xrp. These btc maxi's refuse to recognize all the good things that are going on with xrp. It would be impossible for MG to use Bitcoin now and in the foreseeable future.
Maybe you should just consider buying some stock in PayPal and MasterCard? I mean if you get so excited from a payment processor we already have a few really good ones in place. What does xrp bring to the table? I mean it's best case scenario is becoming a stablecoin if it's truly going to be a rival payment system. If that's what you're after, by all means. Don't forget they can print those things at will
Nevermind...found it below. TheTraveler 1 month ago here: etcsummit.com/wp-content/uploads/2018/09/Tom-Lee-Fundstrat-How-Millennials-are-Powering-Wall-Street%E2%80%99s-Interest-in-Crypto.pdf
Watching this in November 2019 and had to laugh at this quote: "If bitcoin gets back to $10,000, it's very likely going to make a big move toward $40,000 in 5 months." LMAO
hoho. why competition among the cryptocurrencies with each other?Why is blockchain in place? The reference is gone. So the cryptocurrency is a debt insurment like the dollar.
Hilarious! Lee quotes the CEO of Moneygram who has been touting the excellence of XRP. Then uses Bitcoin for the example in cross border payments freeing up Nostro Vostro accounts. Thank you MR Lee !! You’ve given more evidence and confidence for XRP as the future!! I’m not hating on Bitcoin. I’m here for investment ( not short term, 1-5 years) I’m just saying if Moneygram iS USING XRP why not be forthright and just use XRP in your example?
Anthony Santa Cruz : absolutely: We got 1. Yet to be scaleable BTC, with a “make a call” 51 percent “attack” statement from BINANCE’s Z himself. 2. BCH, already shown received a 51 percenter recently. Also not able to scale. 3. ETH, Crypto kitty crash, and self admitted not scaleable. 4. XLM, up and unbeknownst burns half its whole supply. Or did it? Guess You and I will never know for sure 5. Ethereum classic. Another proven centrally vulnerable coin with a proper 51 in its history books. 6. How about. Litecoin. Can’t scale. Dude told everyone Hodl and then sold. Also is quoted saying “ I just wanted to have some fun” when asked about the creation of Litecoin. That sounds promising. 7. Monero. Not many complaints here. But still hasn’t scaled and unless ALL global governments are nuked and yet we somehow keep the internet lol. This one will never be mass adopted. 8. ADA: seems pretty legit. But as you and I both know at their pace we should be on track for a 2050 release date on an actual useable project. I’m getting tired. But you get the picture. XRP baby😃
Does this guy think he’s in 2014? 2011? Nobody thinks bitcoin is dying except the people who have spent all of 60 seconds learning about it. He should stop with the price calls, long term price calls are a bad idea for anyone, but especially this guy.
I have no idea where he gets this 30% decline in 2018 for the equity markets??? the biggest decline was around 17% which occurred in 2019. I like his optimistic view on Bitcoin however talking about the equity market being down 30%??? that is a bunch of BS. I think that crash is still coming. Just my thoughts. Go to Trading View, look up DJI symbol ( Dow Jones Index) and view it in the Monthly bars. It's all clear there.
The low was Christmas Eve 2018. That's when the FED reversed course. That was somewhere around a 20% correction on SPX. There has been no correction in 2019 besides a brief dip to 2700. Ps tom said 20% drop. Not 30
Never hits a thing. His personal financiial interest being integrated to the hype and bull market, so little to zero credibility. He is struggling to generate a hype for years. Or selling hopium, in other words.
Trying to talk traditional financial metrics in the realm of crypto is almost irrelevant. This market moves as whales deem fit for it to move. Its simply manipulated like any other asset class
@@cryptogod6149 I really shouldn't be surprised that someone with the moniker "Crypto God" should sound so foolish in a comment lol Typical newb in the crypto space, who will respond back to this with the proverbial explanation that you've been in the space for 10 years, to add your "credibility" 😅 Good luck 😂😂
@@thebishop8501 couldn't really give a fuck about what you think. All I care about is my ability to make money trading Bitcoin no matter what direction it's heading. Good luck with working it out yourself lol
An otherwise super smart guy...but then got suckered into the Bitcoin vortex and got duped into idiotic beliefs and predicting $40,000 by late 2019... now just another Bitcoin clown, and the butt of Bitcoin joke. Sad and proof that stupid human frenzy can get to anyone if you are not careful.
nobody should have credibility because I have yet to see someone get thier calls accurate. There's a website archiving all the times Bitcoin died, we should get one that lists every expert assholes calls that has gone wrong
11:55 I respectfully disagree that bitcoin will require less trust or afford more trustability. It's created by an anonymous source, as you yourself said has already experienced 4 90% drops, and most importantly it's inherently centralized as any digital system is. Gold is decentralized, because it can stand alone. Bitcoin is centralized in many locations but primarily exchanges, internet service providers, mining centers, and in turn, even electrical grid power stations. That being said I think it's a great idea to own some Bitcoin. Just not on the basis of being decentralized and not for being dependable.
@@xixiezp3641 I don't own any. But any reputable dealer has a machine that can analyze the metal and then will show you. If you have 3000 ounces of gold then you will be rich enough to find a way to deal with it.
