100 Trillion Dollar Bitcoin Catalyst

100 Trillion Dollar Bitcoin Catalyst


Bitcoin
First, they ignore you. What do you fear? Then, they laugh at you. “Yes, everyone’s drinking the kool-aid.” Then they fight you
Governments cannot stop this
innovation and those that have tried have already failed. All you creeps that are controlling money all throughout the world
Your time is slowly closing in am I right? Yep.
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Ever since its inception
Bitcoin has been called many things
Bitcoin for those of you who don’t know is an electronic online currency that was created in 2009
Bitcoin is is better than currency in that you don’t have to
be physically in the same place and of course for large transactions currency can get pretty inconvenient.
Bitcoin is fundamentally different because in bitcoin you don’t owe anyone anything and no one owes you anything
It is not a system based on that it is a system based on ownership and no one can censor it
No one can seize it. No one can freeze it. In the press
It has been pronounced dead more than 300 times and yet today it stands
Stronger than ever when Bitcoin first launched in 2009 as a response to the financial crisis
It was considered a pipe dream for it to reach $1 per Bitcoin
Surprisingly it only took two years for Bitcoin to reach parity with the US dollar
This happened seven years ago on February 9th 2011. This was also the era of the now-infamous
10,000 BTC pizza. A Bitcoin was worth less than a penny
When Laszlo Hanyecz, first traded Bitcoin for pizza nine years ago. Eight hundred million dollars? Yeah.
So ok. Look, sorry Just let me get this straight you spent about eight hundred million dollars on pizzas
Well, if you look at today’s exchange rate
Are there nights you wake up like in a cold sweat where you think I could have had eight hundred million dollars?
I think thinking like that is not really good for me. Looking back some of the comments from this period
seem quite amusing today in the early days, you know, I
Get phone calls from a buddy. Oh, hey, man, I lost 10,000 bitcoins because my computer blew up right back
Then one Bitcoin was less than a penny right so nobody cared they lost $10. They don’t care right now 10,000 bitcoins
That’s five million dollars. That’s a big deal, right?
Meanwhile devoted Bitcoin hodlers have been greatly rewarded in the following years as prices saw 3
4 and even 5 figure sums these early investors
Understood the value of bitcoins design and the fact that there could only ever be 21 million Bitcoin
The supply of Bitcoin is determined algorithmically based on a geometrically declining supply function
Meaning that in the beginning every 10 minutes 50 new Bitcoin are created. So every block the heart beats 10 minutes
Created 50 new Bitcoin
This Bitcoin is used as a reward in a game theory based
Security model that ensures that every transaction is independently validated by completely anonymous actors who have the stake
electricity as a guarantee of the security work they’ve done and
If they succeed in doing the security work of validating transactions correctly
They earn as a reward based on a probabilistic return that reward 50 Bitcoin every 10 minutes
that’s how currency is introduced into the economy every 4 years it gets cut in half as a
system is designed to have a monetary policy that is purposely deflationary and
simulates the issuance of precious metals it gets harder and harder and harder to mine gold at greater and greater and greater cost and
Bitcoin is the same the idea being that less and less is issued over time
If you follow that geometric curve at some point you reach the end in the year 2141 bitcoin is no longer issued
21 million coins is the asymptotic cap that is part of the protocol is
unchangeable part of the protocol and it is a rule enforced by every system that
Participates in the Bitcoin network. On the other hand the supply of dollars in the world
Is in the tens of trillions and the number is ever-expanding
Bitcoins supply is set in stone. Its emission rate is predetermined
It’s accounting is transparent and publicly verifiable
It’s outside the control any government or central
Authority. Bitcoin is unlike anything the world has ever seen
It is the internet of money that has appreciated
Over eighty four thousand percent against the US dollar over the past seven years. And so that’s another
Reallocation of trillions of dollars Bitcoin and things like it is the equivalent of the red pill
We are entering a completely world of uncharted water
Have you made any investments in Bitcoin? so I mean
I personally I own Bitcoin in my hedge fund. I own Bitcoin in my fund I own Bitcoin in my private account
It is a huge deal
it’s a huge huge huge deal because what you’re talking about right now is for the next three to five years an
unbelievably better store value
It is gold 2.0 the value of gold that hedges the world economy about nine trillion dollars
1300 an ounce of which only a hundred to 150 dollars is the actual production value
So all the rest of it is imputed where Lina you and I have decided that it’s worth 1,300 an ounce. Well, guess what?
I can do the same thing with Bitcoin except now if I could do it outside the purview of
Every single government it’s being used everywhere where you would think it would be used Russia Iran, Iraq, Egypt, Venezuela Argentina
Everywhere where you have currency pressure everywhere where you want to basically shield your assets and then after that
It’ll probably become a payment mechanism
so in all of these three industries
You’re talking about trillions of dollars up for grabs up for grabs. Right now world
Governments are all trying to figure out what’s going on cryptocurrencies if you think about it
It challenges a lot of the government’s power throughout history
Currency has always been in control by governments and used as a method of control
Bitcoin represents a way of removing power from governments and no smart government
Would let go one of their control methods without a fight and that’s what we’re seeing right now
Some of the most powerful people in the war old are slowly starting to attack Bitcoin and other digital assets
one of the main functions of government is to create currency Bitcoin is
successful only because of
Its potential for circumvention lack of oversight. So it seems to me it ought to be outlawed
We ought to just go back to what we always have had and and this is just a a bubble about five years ago
We asked Charlie Munger
We were sitting right there what he thought a Bitcoin and he said rat poison
Back, then it was about a hundred plus dollars per Bitcoin today. It’s nine thousand. Is it still rat poison?
Well probably rat poison squared we should be prohibiting crypto currencies
They disempower the federal government, but it’s already too late. The genie is out of the bottle. They are quickly
Realizing that this is a global phenomenon that is immune to traditional attempts of currency manipulation
Yet we can already see some government entities. Give way to this new innovative technology
Washington must go beyond the hype and ensure that it’s not the place where innovation
goes to die the world that Satoshi Nakamoto author of the Bitcoin white paper envisioned and others are building is
An unstoppable force. We should not attempt to deter this innovation and
Governments cannot stop this innovation and those that have tried have already failed
There is a lot of talk
I’m all for crypto currencies and blockchain technology because I like competing currencies but it bothers me when you hear about
the government saying you’re not allowed to do this and not allowed to do that because historically
Governments always have to have money monopoly control over money and credit instead allowing the market to operate
So it’s this desire to regulate that the government’s are afraid
They’re gonna lose some tax revenues if they’re not careful, but governments aren’t very tolerant of competition
So I’d like to go back for just a moment to the cryptocurrency issue
To return to the question that senator Perdue had asked you about the impact of cryptocurrency
system on our reserve
currency, if a cryptocurrency
System were to become prevalent throughout the globe
would that
Diminish or remove the need for a reserve currency
In the traditional sense, I think things like that are possible, but we really haven’t seen them. We haven’t seen
Widespread adoption. I mean Bitcoin is a good example really almost no one uses Bitcoin for payments
They use it more as an alternative to gold really. It’s a store of value
It’s a speculative store of value like gold the chairman of the Federal Reserve
Just compared Bitcoin to gold in front of Congress
This response is intelligent informed and balanced slowly, but surely
Bitcoin is becoming mainstream
It’s pretty incredible to watch Gold is a seven trillion dollar asset with over
5,000 years of history and bitcoin is a 200 billion asset with 10 years of history
But when it comes to their abilities to serve as stores of value the overseer of the global reserve currency
Believes they are equals and if this wasn’t bullish enough for bitcoins future
Prospects President Trump decided to give his take on Bitcoin and cryptocurrencies
What started out as a critical tweet on Bitcoin quickly turned into something so much more
something much bigger
Particularly on Bitcoin the president tweeting in part saying quote
I am NOT a fan of Bitcoin and other cryptocurrencies which are not money and whose value is highly volatile and based on thin air
unregulated crypto assets can facilitate
Unlawful behavior including drug trade and other illegal activity. A tweet from the President of the United
States will be viewed and talked about by millions of people and could ultimately become the global red pill moment that actually
Exposes the underlying flaws of the current monetary system while highlighting the benefits of Bitcoin
What is the resistance that bitcoin is facing from standard financial
institutions that are in control right now? The progression of what happens when a giant well-established
financial institutions been around for 50 years or 100 years is faced with a
disruptor that they cannot tamp down that they cannot shut down, sue, buy
co-opt
Eradicate, ban, legislate against and and what happens then is what I call the five stages of grief first
We start with denial and and we saw this play out exactly like this with the banking industry
The first reaction was denial Bitcoin can’t possibly work. It’s not real money. It doesn’t really exist
It has no value. It will never survive fast forward five years
If you keep making that argument
It becomes less and less credible because it’s not real money yet the big metal bird that brought me to Los Angeles
Today was paid with “not money”. So
You can claim it’s not money all day long and I’ve been living on it for three years, which kind of
Undermines the argument if I earn it and I spend it in people give me rides in big metal Birds
Its money. Trump’s poorly thought-out critiques seem to have backfired in a major way
in fact Trump’s attack on crypto could have the opposite effect and become the
Unexpected catalyst that ends up pushing bitcoins price to new heights
Because you know cryptocurrency and Bitcoin
Really are in the main stage now of Congress that said the president weighing in it’s very surprising a year ago
I wouldn’t have imagined it but more importantly it’s going to force everybody who’s not involved
They remember a very small percentage of the world actually cares about crypto and Bitcoin it’s gonna force the other
98% of the world to think about what it means and so it’s gonna be I think an overall positive now
It seems that other focus is on criminals using crypto for illegal things
This is a scare mongering tactic
The reality is that US dollars are used for crime much more often than Bitcoin
Just don’t expect your government to tell you that
Denial only works for a while, then they go into anger
It’s the money of terrorist criminals and the unsavory elements of this world and they’ve tried to do this
again, and again and again
They did it with the Internet right the Internet when it first came out. You heard this media narrative that
It sells papers
It so it didn’t sell clicks at the time because they were doing it’s about the internet but it sells papers which is the idea
That the Internet is a haven of crooks and fraudsters and terrorists
Yes, criminal use advanced technology criminal use the most advanced technology
They can get their hands on because they’re in a very highly competitive high margin high-risk business
Criminals wear shoes to run away from bank heist criminals drive cars to get away from bank robberies
They use cell phones to coordinate with each other. They drink water
So as not to die of dehydration
We’re not gonna ban all of those things right every time they try that you just turn around and say oh well
You know, actually the biggest money launderers of drugs in the world are
Hsbc the hong kong hong kong shanghai banking consortium
Inconvenient fact, yes
Yes, they were caught money laundering 700 billion dollars for the Sinaloa cartel over a period of 10 years
There’s no doubt. The dollar is the most dominant currency in the world today
But to say that it is stronger than ever would be misleading
especially since it has lost more than 96 percent of its purchasing power since
1913 in other words the world’s reserve currency
Experienced an average annual inflation rate of three point one four percent over the last 100 years
The US dollars inflation is a feature. The only predictable thing about the US dollar
Is that its purchasing power will continue to drop. The Bitcoin blockchain was created in part to address this
historical weakness
What’s so confusing for anyone as it is when you get into the issue of what is money and where is money coming from?
And how does the Federal Reserve how does it government? How does anybody create more money?
How do you print more money and if you are printing more money, where is it coming from?
And what is it? It used to be gold. It used to be the gold standard
It used to be if you had a dollar it’s a dollars worth of gold
It was a note that was worth $1 worth of gold. Yes, that made sense and that stopped what first stopped in
1936 I believe Bretton Woods Agreement and then it stopped completely in 1971 when Nixon
closed the gold window
He basically said if anyone comes to your bank and gives you one silver dollar or one gold dollar and says I want my silver
you say no and basically defaulted on the backing of US dollars buy gold since the dollar is
Inherently designed to lose value over time keeping your hard-earned money in fiat currency
Absolutely guarantees that at least three percent of your wealth will evaporate every year
It’s no wonder that bitcoin is gaining a foothold in countries with capital controls like Venezuela
Where paper money is now virtually worthless
When you look at Bitcoin price predictions and hear prices like
$100,000, 1 million dollars over even 10 million dollars per Bitcoin
you might be left shaking your head that is unless you
understand the consequences of printing infinite amounts of money or in other words a term known as
quantitative easing
Easy money not just here in the United States, but we did see the Fed cutting rates is the rocket fuel
That will fuel the rise of a Bitcoin explain what you mean?
So look, whatever we get two recessive periods or kind of slowing growth central bank’s have two tools
right, they can cut interest rates and it could print money quantitative easing and so when they do both of those things
Usually takes anywhere between six to 18 months to actually feel the effect of those tools
And what it’s going to do is it’s going to coincide with the Bitcoin halving cutting rates printing more money
Systematic structure of Bitcoin is going to lead to a higher prices for Bitcoin over a long period of time, okay
So there’s plenty of money already sloshing around in the global economy
But to your point of central banks including the Federal Reserve is going to be more of more money in the system
So on the one hand, you’ve got cash in the system the ordinary the fiat currency system
increasing at the same time as you’ve got
effective supply of Bitcoin
Reducing your arguing here that that will mean the price rises. Look at gold, right?
So since we got off the gold standard the United States Gold’s gone up about 40 X, right?
So the argument that gold actually appreciated in value. The other argument is that actually the dollar has depreciated against gold, right?
So there’s a debasing of the currency that happens and so as we cut interest rates and print more money
We’re debasing our currency. Your price target is a hundred thousand dollars over two two and a half years
That’s a long way off. Yeah. Well look in 2017 Bitcoin went up 20x, right? So it’s a hyper volatile asset
We’ve seen it go up 20 30 50 X at times
We’ve also seen a drawdown over 80% now three times. And so we think now from about $10,000 were states today
It’s a pretty conservative estimate to see it hit $100,000 in the next two and a half years. Today
Interest rates are at historic lows the Federal Reserve and other central
Banks have shown that they will continue to not only print more money to prop up the financial system
But are also open to negative interest rates as well
Therefore the question is when not if all this newly created money will trigger hyperinflation
So, how can anyone hope to preserve value with this kind of inflation in place?
Bitcoin offers an exit strategy from the continually expanding fiat money supply
What’s really astonishing is that I’m talking about is the greatest
Experiment in money started in 2008 to thousand nine and this great
Experiment is completely unprecedented in the history of money, and I’m not talking about Bitcoin I’m talking about
22 central bank’s simultaneously taking their interest rate to zero and
pumping the
Largest amounts of money ever created into the world economy trying to stop it from collapsing and that has created the largest bubble in history
and
The weird thing is that most people are not even aware
then we have the other little monetary experiments which is hey money on the Internet’s with a
controlled issuance
Only certain amounts of the money is created. It’s controlled by a mathematical formula. You can’t make more and as a result
It’s got a stable supply
It sound money and it cannot be manipulated by governments or banks almost
85% of all Bitcoin have already been created after the final Bitcoin is mined
the system will produce no more the trend is
Obvious and at this point it appears to be inevitable if Bitcoin is able to sustain use over a long enough
Period of time it will have a chance to become the most notable
Deflationary currency unit since gold you see unlike traditional money
Bitcoin is not susceptible to warrantless hidden inflation and is not controlled by a central authority
so when the economy
Collapses due to a mishap on the part of central bankers Bitcoin will see a massive capital
inflow
We can see that the constant stream of newly printed money will
eventually lead to Bitcoin hitting a market cap of
100 trillion as the dollar prints up its price bitcoin is a black hole for fiat
This is a self-fulfilling prophecy
A Catalyst that will eventually make Bitcoin the true global reserve currency
If you made it to the end of this video, let me know in the comments if you’re bullish or bearish on Bitcoin in
2019 also, make sure to subscribe and like this video. Thanks for watching and I’ll talk to you later

100 thoughts on “100 Trillion Dollar Bitcoin Catalyst

  1. with Bakkt coming in, the institutions will suck up everything they can get. The retail buyers hopefully will not fade but, if they do it will be at their own peril. Institutions, once entered, probably will not allow the price to dip much at all. In this way they hold off retail buyers and in turn maximizes their holdings. Once in institutions hands they will ensure their investment performs as expected coming from past Bitcoin results. Strong and useful altcoins will rise to historical highs and the world will begin to adopt crypto in major ways.

  2. I like bitcoin and own quite a bit but this just shows how you and the entire comments thread have no idea how much 100 trillion dollars is.

  3. Top video Mineable! Very well put together, enjoyed every minute 👌 Long term bitcoin bull crew… p.s subscribed 👍

  4. Your videos are ALWAYS so well put together, researched and informative!! This one is like ….amazing!! Thanks for taking the time to create! I WILL be sharing!! Thank you! 😊😁☺️😆🥰

  5. What amazes me, that people still think that they can avoid the goverments & banks intervention in the LONG run. They have all the money, and power of the world, literrally. I believe in Bitcoin, and in some of the other crypto aswell, sure, they have a future, but delusional people who thing, Bitcoin will erase central banks, and the monetary control by the goverments are just…well…i said, delusional. IMO 😛

  6. For those who have had the crusty illegal 3 letter bill collector for the fiat reserve crash your public bank account thrown under the bus by your friendly banker with no warrant You should embrace private banking crypto when you cut out 150k bankers siphoning off your commercial energy that your savings provide You see the real power of your surplus money 💰. It’s always been there you have just been looted for over a hundred years it’s why most of your family’s don’t own businesses why you are born into slavery why You put away $5 for a hamburger today only to find out it’s costing $20 when you retire. With crypto and everyone using it You will put the $5 in and have $50 when you don’t want to work any longer … which will be in only ten years The way it should be. The way it really has been all along Your just made to keep paying in and the spin doctors devalue your saved dollar 3 % every year ! Don’t look at the volatile nature of crypto unless your a day trader it’s going to be the future monetary system banks are switching over even Circle K bought bitcoin ATMs to go in they’re stores. Germany they are using it to buy Starbucks coffee Since You are always the last one to get the latest trends in America ( a decade behind ) it won’t be long Before Trump sends another Tweet “America phase 2 of the transition ! Open a crypto account put some eggs in there diversify these are different times” ( you can bet that we will be at that point going the way Venezuela has ! The IMF is broke. All five major currencies don’t work any more there is not any more room to devalue. Lite coin Ether bitcoin even XRP will all be required to run the system. You will see corporations creating their own tokens to replace stocks wait for it. Wait for the six satellites up now that will broadcast WiFi so everyone can access the web ( with your own named personal AI assistant that is always giving you the right answer / 15 moves out to infinity . You will see long lines of people selling gold as that will cost you a fortune storing it. Because of its value could be making you money in crypto you will want to have a garage sale to ( why not now ? Because you have not considered the big picture if you did you would be having a sale. Even a bake sale.

  7. Oct 2019 – USD 16,000, Feb 2020 – USD 29,000, July 2020 USD56,000, Nov 2020 USD 87,000, Abril 2021 USD195,00, July 2021 USD 250,000, Nov 2021 USD 350,000 and then the 4 yr cycle closes, all the way down to a correction of 80 pc ( USD 70,000 ) watch Bob Loukas, 4 yrs BTC cycle.

  8. Yes I did mean like a serial number thank you .
    why cant these serial numbers be used to stop a hacker from using stolen BTC if indeed the BTC were hacked ?
    That's why I asked about serial numbers ,Cheers

  9. Bullish… super funny to see Greenspan followers facials reactions 😂😂😂😂 once bitcoin takes the dollar over .. they are trying really hard counter with libra ♎️ but it 10 years to late

  10. 2029 is the year the big boys get in – all aboard ! Last chance for the mass to get a fraction of this – be smart get in while you can

  11. PGP gives people privacy, and it's free, and people like their privacy, but only some technically savvy people use PGP. Most people waiver their privacy for the convenience of communicating without it. Bitcoin may be the same way about most people choosing easy fiat at the expense of better money.

  12. Bitcoin will go up because the world is an utter mess. The more we print money the worse it gets.

  13. President Trump said what he did because he and his group plan to bring the privately owned "Federal" reserve bank and ultimately ALL Central "banks" to their knees with a new currency. He only said it to VALIDATE Bitcoin. You may hate him, but he is actually on our side. Remember, he is one of very few people who has the ability to play 4-dimensional chess and WIN at it 😉 He is playing his greatest role at the moment. He acts at times like he doesn't know what he's doing. He tweets out crazy things and his opponents take them at face value. The news media, which is controlled by people who are at the top of the old system, spend every day attacking him because they have been instructed to do so. It is ALL part of the bigger game. In 1991, Barack Hussein Obama made the remark, "The American dream is to BE Donald Trump". That was before Trump was a THREAT to the system that made Obama a President. There will be pain for those who hold on to the old system based on slavery-through-debt. Abraham Lincoln and JFK both tried and failed to do what is about to be attempted. The controllers of the debt based system could not have alternative currencies. Now there is an alternative they CANNOT control, ban, or stop. The debt based system, like all fiat-based systems, WILL fail. It is a CERTAINTY. It is not a question of IF, but of WHEN. The end of fiat currency is getting closer by the day. Be prepared. 😉

  14. I'm bullish on BTC but I'm curious as to what will happen if the masses find out about XRP before the lightning network is fully functional.

  15. Thats some quality content right there my friend! Keep it up =) Do something on XRP please, plenty to talk about too =)

  16. Once in a lifetime oppurtunity .
    Paradign shift .
    Patience will be rewarded to those that believe and hodl .
    Our time is near

  17. Thanks for the video you make me glad I own some bitcoin.I dont know anyone around me that owns bitcoin.When I try to talk about I get really strange look or they laugh at me.But I am still going to buy more as much a i can afford and keep hodling Thanks so much the video.

  18. Overall bullish and to people not interested or unbelieving I suggest buying even a small amount just in case!

  19. I'm a Professional Trader and trade Cryptos regularly and I see now that BTC is in a consolidation phase by the Market Makers and other institutions, they're getting their base together now between 9500 and 13,400, the price is destined to move up because of the halving that will occur in May 2020, they know this now since they've made BTC into a commodity. You just don't make an asset a commodity for nothing, they know it will be around for a long time and won't finish mining until the year 2140 so of course, they would make it a commodity. Prepare now for the boom of next year. Do not be discouraged, that's what they want you to do.

  20. Thats why the next step is to stablish socialism in the US, and destroy the country economic system, once the country is destroyed, one coin will rule them all..

  21. Excellent update! Very well done … thankyou. With perhaps 98% of the world still in the dark, there's going to be a phenomenal explosion of interest in Bitcoin & cryptocurrencies!

  22. They are talking about BTC, but it is a diversion. It is Ripple XRP which is accomplishing the Great Vision of Satoshi Nakamoto. BTC is not scalable. The lighting network to make BTC fast for payment failed. XRP will be the standard not BTC.

  23. If you are new to learning about bitcoin: be careful, there are many altcoins (all inferior to bitcoin) pumpers trying to misdirect you.

  24. Like many. Trumps tweet only showed he doesn’t understand the technology yet. Once he does he’ll be very bullish guaranteed. President Trump is also a huge gold bull so. A lot of us old school PM bugs instinctively love our metals until we actually learn the true understanding of crypto’s and blockchain.

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