Our Thoughts on Bitcoin (BTC) and Why YOU Should Think Twice Before Investing

Bitcoin (BTC) has been massively talked about both on YouTube and in the media recently and on Friday when this video was recorded it was set to be climbing. Now that Elon Musk has been talking about it and Bitcoin has seen a surge of 20% since his tweet we wanted to share our thoughts on Bitcoin and why we are skeptical on it.

Bitcoin itself is not something that Paul go into due to its volatility. There is nothing backing it and no fundamentals around it. Some would argue that there is but those people would be wrong. Despite the argument of blockchain and all the other lingo that goes in with a currency like this, there is nothing proven that it can compete with the US Dollar (USD).

People might see the highs of what Bitcoin is doing and consider getting in while the market is hot but this has all been a parabolic rise and one that is likely to fall again. We have seen this with stocks in the stock market and its one of those things that you look for because no company has ever just gone upward without seeing a downside.

Paul will go over some historical data that is available to anyone that is looking at getting into this investment and show you that although it might seem like a good idea to some its not one for the long term like an ETF stock would be.

Do you have investments into Bitcoin (BTC)?
--------------------
Join our Patreon! - https://www.patreon.com/everythingmoney

Check out Charles Schwab and Create Your account today! : http://www.schwab.com/public/schwab/nn/refer-prospect.html?refrid=%7BREFID%7D
--------------------
**WANT BOOKS WE RECOMMEND FOR INVESTING**

The Intelligent Investor: https://amzn.to/3athjmX

One Up On Wall Street: https://amzn.to/2XYJeGf

Beating The Street: https://amzn.to/3ixVXre
--------------------
SUBSCRIBE: https://www.youtube.com/channel/UChBV...

Video editing by Rohan and Sharvari (The Tweaky Tales)

⚠️⚠️⚠️⚠️⚠️Disclaimer⚠️⚠️⚠️⚠️⚠️
Our channel disclaimer can be found here: https://bit.ly/3n0NxuD

Видео Our Thoughts on Bitcoin (BTC) and Why YOU Should Think Twice Before Investing канала Everything Money