@@akicambria Look up my bitcoin kickstarter project in 2017, I imprinted the white paper on the inside of a playing card tuck case. I'm a pretty old bitcoiner lol
@@ryanrex297 a money market account at a brokerage like Fidelity earns roughly 4.5% interest per year. This is generally much higher than the interest rates paid on checking and saving accounts at banks. You can also write checks and use an atm card with most money market accounts. So, why use a bank account for day to day expenses, when you can earn higher interest in a money market. A few percent difference might not seem like much, but it adds up
Bitcoin is not an investment since it doesnt produce anything. You get rich by transfer of wealth. It is not an investment, it's hard money, and money by definition is not an investment.
"Blackrock owns the entire world" I know he said this as a joke, but they do own a lot of assets. That's why a wealth tax on assets is needed. It won't affect average working people.
Did you guys know that all the BTC in Coinbase is basically owned by Blackrock? Basically they are the ones who will be controlling supply and demand in the Coinbase App.
@@brakmaster nah mate I’m a blue collar worker Small time contractor I own a truck and excavator combo I see BTC as the best investment of this generation So I’ve put everything I can on it
Great video. My opinion is that the higher your net worth grows, the higher the percentage crypto can be. In my opinion, establish a foundation so you would hit your retirement net worth with a regular fund like VTI or VOO. After that, anything else you make you can put into some riskier assets, one of them being crypto. This way at least, whatever happens, you'll still hit your retirement goal!
Larry Fink’s company Blackrock has a financial interest in bitcoin. Blackrock Bitcoin ETF makes a lot of fees. Of course Larry talks highly of Bitcoin.
I have great respect for Andrei Jikh’s perspective and his clear, detailed explanations. However, I must point out that while his analysis of past data is commendable, his predictions and assumptions have often not materialized as expected. Please review his previous videos for a broader understanding.
Yeah and he's basing this one on Cathy Wood's charts. She's a Wall St. darling and her ARK* funds got hyped up over COVID, but check now...they have been flat. If you bought into her hype *during* COVID, you're investments are all down. Be careful out there, people.
*When someone becomes rich, a lot of things change. Lifestyle upgrades, new social circles, and different financial responsibilities are just the beginning.*
Yea, government will use our tax dollars to buy up bitcoin. The obvious result is an increase in the price of bitcoin so the rich people who own most of it can sell it at the highest price possible while the rest of us get stuck with the debt our government issued to buy the bitcoin. That's basically how they treated every asset in the country. Really want to make a nasty comment but youtube is full of censoring.
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
if globally, $1T went into Bitcoin in the Strategic Reserve Asset category, at a bull market multiplier of about 100, then the price of Bitcoin would go up about $4.7M. So, @Andrei, not sure why you think that's not a huge category. Even at $100B, that's a $470K boost, and $10B would be almost a doubling of Bitcoin.
Sometimes I wonder about an hypothetical scenario. Let's say that in the future the World's economy runs mostly on BTC. Most companies pay wages with BTC, most stored money is in BTC, and most transactions are in BTC. What happens then? Is the economy stable? Manageable? Can economy crises be controlled? Anyone else wondering about this?
Yea, and the reason why certain politicians are for it is because crpyto is great for money laundering LOL. I'd say that politician by name but my post will get censored.
But a little off topic, how can you withdraw USDT from an OKX wallet to a card if there are only these words: bar buffalo stone electric maze limb oil match obtain rice above asset. There is nothing else.
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thanks for putting this out, curiously inputted Sophia Haney on the internet, spotted her consulting page no sweat, and was able to schedule a session ... she actually shows a great deal of expertise from her resumé
What 'guys'? This is Bitcoin. There are no 'guys' - just a set of inviolable rules where no single entity has control. It may very well prove to be the single greatest innovation of our lifetimes.
Saying I don’t like it’s the fact that I don’t think the government would put that in place on their own. Trump would, but I don’t think any other actual politician would.
The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. BITCOIN is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into BITCOIN.
They inherited a large amount from a bust… now might be time to pull it-- And then stop the buying of( for security concerns) and after the panic, buy back into market.
The US government buying Bitcoin would be a worldwide admission to BRICS that their currency is weak and no longer the world standard. The US will be the last nation to do such a thing.
The only think I understand is Bitcoin, and its technology, I like Bitcoin because I can code with real money using 1st and 2nd Layer that is something I never done with tradicional FIAT system, so because of that I am all in in Bitcoin 100%, your 25% means you still dont understand Bitcoin. You still trust in Fiat System.
If each bitcoin had its own unique, specific signature, such that any particular bitcoin used in a transaction can be tracked before and after said transaction then I'd agree we are approaching fiat equivalency. All theft and illegitimate transactions will be voided if there isn't a mutual contract on both sides of the transaction. It's not likely to happen though because this would present a great problem for money launderers and their patrons. And there's still the problem of extreme volatility due to greed.
The government will have to step in. The unique signature provides evidence of ownership before transaction. If a venture goes awry and is proven successfully in court, every transaction can be reversed. Granted bitcoin has to probably also have part or whole control of everyone’s wallets also.
@@ifeanyiibeanu7765 if the btc is in cold storage in your possession and only you have the seed phrase, nobody can stop you from sending it to any other wallet address. However, if the btc was purchased from a kyc exchange like Coinbase, then the government can tax you, but that’s about it
And a nongovernmental governing body can achieve the same. One might argue that it would improve the value of bitcoin. And bitcoin will most definitely have to have some form of control over everyone's wallets for that to be possible. In my opinion, granting each bitcoin its own uniqueness so that the owner of that bitcoin has the security of knowing where his/her bitcoin is at any stage of a transaction is close to priceless.
