Bitcoin To Replace The US Dollar? The Truth.

BitCoin: The Greatest Wealth Transfer In History.

00:00 Prologue
Love it or hate it, Bitcoin has been making headwaves over the past decade as the top performing asset class, but why was it created and what purpose does it serve in today’s society? Could this be the biggest wealth transfer in history? Should we be investing in Bitcoin? Or should we leave it for the speculators…

01:22 Part 1: The Problem With Fiat Money
Bitcoin looks to solve the problem of fiat money. The thing we all use that has perceived value to buy goods and services, but is fundamentally flawed. Flawed by the fact that the governments and central banks of the world continue to print money (aka quantitative easing) which devalues our currency over time. Bitcoin however is different and could provide the solutions to the monetary problems we all face today…

03:39 Part 2: Why Would You Buy Bitcoin?
Bitcoin explained… it has all the positive characteristics of a currency that we don’t have in our ACTUAL fiat money today. Fidelity did a study and concluded that it was the best monetary good that we have available to us. Better than gold and better than the US dollar or Great British Pound.. But is it a solution we need in the modern financial world and is bitcoin a worthwhile investment?

06:37 Part 3: BitCoin Price Prediction
There have been some wild price predictions for Bitcoin recently. Ark Invests Cathie Wood has predicted $500,000, but the likes of Warren Buffet believes it holds no value… so what is it? An asset class that will continue to rise in value, or a scam that will crash to zero? Well there are two core things that make Bitcoin valuable; its no inflationary characteristics which make it a great store of value, along with the ever growing adoption and growth of the bitcoin network.

09:10 Part 4: Institutions & Corporations Hold The Power
Ironically, the adoption of a decentralised digital asset like bitcoin is reliant on the adoption of centralised organisations and authorities. Companies like Tesla, Square, Coinbase, PayPal & Visa are already supporting the cryptocurrency, but many more need to get onboard to really ensure BitCoin has a future. But will it? Will BitCoin be the future or will it all fall to nothing? Who knows…

10:52: Like & Subscribe!

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Disclaimer: All ideas presented within this video are that of my own based on my own opinions. Please do not consider any of these videos as financial advice as I am NOT a financial advisor. All financial decisions and choices made are solely your responsibility. The views shared in this video are just for entertainment purposes only.

Видео Bitcoin To Replace The US Dollar? The Truth. канала Mitch Investing