Bitcoin will 10X from here. Why am I so sure? Here’s Why!

00:01 Bitcoin will more than 10x in value from 00:04 where we are today. It could take five 00:06 years, could take 10 years, but it will 00:08 more than 10x in value from today to 00:10 more than $1 million per coin. Why am I 00:13 so sure? A bunch of reasons. Let's start 00:15 with the most the easiest ones, which is 00:17 gold, the physical yellow metal. All the 00:20 gold in the world that humans own as a 00:22 store of value. Now it has some 00:24 decorative and industrial uses. But the 00:26 vast majority of the value of gold in 00:28 the world are for its monetary uses. And 00:31 the primary driver of the price of gold 00:32 in the world is purchases by central 00:35 banks and by individuals buying gold 00:37 bullion meaning like coins and big 00:40 chunks of gold and all that sort of 00:41 stuff which they are not buying for 00:43 jewelry or for industrial uses. They're 00:45 but they're buying it for its store of 00:48 value properties because of its monetary 00:50 properties. The value of all that gold 00:52 is worth almost $25 trillion. 00:55 It is by far the largest asset class in 00:58 the world and is a store of value asset 01:01 class. So the value of all the gold in 01:03 the world is more than 10 times the size 01:05 of the value of all the bitcoin that 01:07 will ever exist. So the value of all the 01:09 gold in the world right now is already 01:12 more than 10 times larger than all the 01:14 bitcoin that will ever exist ever in 01:15 human history. Okay? So, Bitcoin is a 01:19 superior store of value. It has better 01:22 monetary properties than gold. Uh, and 01:25 so I'll go through them, you know, very 01:27 quickly, but the traditional uh 01:29 attributes associated with money are, 01:32 uh, divisibility, durability, 01:34 fungeability, 01:35 um, authenticatability, verifiability, 01:39 um, uh, identifiability. Some of those 01:42 are sort of duplicates, but anyway, 01:43 depending on who you talk to, there's 01:44 between five and eight major 01:47 characteristics of what make a good 01:48 money. And Bitcoin is categorically 01:50 better on all of them. Um, especially 01:53 the most important one, which on that 01:55 list, which I did not mention, but the 01:57 most important on that list, the 01:59 overarching and most important on that 02:01 list is scarcity, which is you can't 02:04 store value in something plentiful 02:06 because things that are plentiful do not 02:09 have value per unit. That's why nobody 02:11 stores air or water as a store of value 02:15 unless you're in the desert for or 02:17 you're you know on another planet or 02:19 something like that cuz those things are 02:20 too plentiful to store value. Gold is 02:22 the second scarcest thing in the 02:25 universe. Bitcoin is the number one most 02:28 scarce thing in the universe as measured 02:31 by stock to flow which I've talked about 02:32 before which is basically how much 02:34 already exists versus how much is yet to 02:37 be mined dug out of the ground etc. And 02:40 Bitcoin has a better stock toflow ratio 02:43 than anything else in the world. And the 02:45 second best stock toflow ratio is gold. 02:49 Uh but Bitcoin is number one. Okay. So 02:51 Bitcoin has superior monetary properties 02:53 which means Bitcoin has the ability to 02:55 more than 10x in value um from where we 02:60 are today just by competing and getting 03:02 par with gold. And again, for all the 03:05 reasons I've covered on a million 03:06 videos, Bitcoin is just categorically 03:08 superior to gold. Additionally, money, 03:11 you know, so that's sort of one one 03:13 school of thought, which is why does 03:15 Bitcoin why will Bitcoin 10xes? Well, 03:17 because the thing it's competing with 03:20 that it's better than is more than 10 03:22 times as valuable as gold. So in any 03:25 industry, if you looked at Facebook and 03:28 MySpace, for example, and Facebook was 03:31 onetenth the size of MySpace back in the 03:33 day, and you said, "Well, how big could 03:35 social media get?" You would say, "Well, 03:37 Facebook will get as at least as big as 03:39 MySpace cuz it's better. How much 03:41 bigger?" Well, it turns out Facebook got 03:44 infinitely larger than MySpace. But you 03:47 knew it could get at least that big 03:49 because something had already gotten 03:50 that big. Same with Google and Yahoo. 03:52 When Yahoo was leading the search engine 03:54 market, you would know that if Google 03:56 was a better search engine and 03:58 ultimately would uh get enough adoption 04:01 that it was possible that it would be 04:03 worth as much as Yahoo. Now, the truth 04:05 is Google ultimately became worth far 04:07 more than Yahoo. Uh but you at least 04:09 knew that the baseline for what was 04:11 possible was what had already happened. 04:14 Um so the same is true here. We already 04:17 know that the world has a demand of more 04:21 than $25 trillion for a neutral reserve 04:25 asset. Neutral reserve asset means an 04:27 asset that nobody controls. And a 04:30 reserve asset means something people 04:31 hold as a store of value, whether that's 04:34 nation, states, individuals, or where 04:36 wherever it is. Now, Bitcoin is vastly 04:39 superior to gold. So, I think its upside 04:41 is actually significantly more than 10x. 04:44 The reason for that is gold has never 04:45 been more in certainly the modern 04:48 economies of the last hundreds of years. 04:50 Bitcoin has or sorry gold has never been 04:52 more than a store of value. It is not a 04:55 medium of exchange. You don't buy a cup 04:57 of coffee uh with gold. And 04:59 fundamentally you can't because gold is 05:01 not divisible and portable enough and 05:04 authenticatable enough to do that. You 05:06 know, there's just no way when you walk 05:08 into a coffee shop to shave off, you 05:10 know, a fraction of a shaving of gold to 05:13 buy a co cup of coffee. It's not 05:15 divisible that way. It's too hard to 05:17 know if it's gold or if it's been 05:18 diluted by some other metal. Even if you 05:20 could weigh it on a baking scale, 05:22 there's no way of knowing if it's been 05:24 diluted with another metal or if it's 05:25 even real gold or fool's gold. And uh 05:28 also in large volumes if you want to 05:29 make a you know move millions of dollars 05:31 around it's way too heavy u to carry 05:34 that way for the average person. Uh so 05:37 gold fails as a medium of exchange and 05:40 it fails as a unit of account because 05:41 people are not going to use it as a unit 05:43 of account unless it's being used as a 05:46 first as a store of value and a medium 05:48 of exchange. So gold is valued at $25 05:51 trillion. Even though it's only doing 05:54 one of the three functions of a money 05:56 which is store of value but not unit of 05:59 account or sorry not store sorry it is a 06:02 store of value but not a medium of 06:04 exchange or unit of account. So gold is 06:07 literally doing one of the three 06:09 properties of money yet it's worth $25 06:11 trillion. Bitcoin is customuilt and 06:14 designed to do all three of the 06:16 functions of money. a store of value, 06:19 medium of exchange, and unit of account. 06:21 Bitcoin is ideally suited 06:23 to do all three of those. Um, and again, 06:27 it's less than onetenth the size of 06:30 gold, and eventually it will surpass the 06:32 value of gold. Additionally, why am I so 06:35 sure? Okay, so one, Bitcoin can 10x in 06:37 value without breaking a sweat just by 06:39 competing with gold. Um and secondly, uh 06:43 in addition to that, it's significantly 06:46 better than gold because it does all 06:48 three of the properties of money instead 06:49 of just one that gold does. Uh and then, 06:53 uh sort of a categorical second to all 06:56 of that is humans need money. We need a 06:58 place to store value. Um and we need a 07:01 unit of account or sorry, a medium of 07:02 exchange and unit of account to I always 07:05 try to put them in order because that's 07:06 the order that money is always adopted. 07:07 It's first the store of value, then a 07:09 medium of exchange, then a unit of 07:11 account. Um, you don't skip around 07:13 those. You typically it always goes in 07:15 that order. Um, so as a result of that, 07:19 um, you could put your money in stocks, 07:22 but stocks are ridiculously high valued 07:24 right now. You know, the the amount of 07:27 money you have to pay per dollar of 07:29 earnings, per dollar of profit is just 07:32 off the charts insane right now. And 07:34 markets are what's called mean 07:36 reverting, which means over time the 07:38 trend line may be up, but if it gets 07:41 detached too far from that trend line, 07:43 there will ultimately be a price 07:45 correction. I think it's almost certain 07:46 that there will be a price correction in 07:49 the price of the stock market at some 07:50 point. I don't know when that is, but I 07:52 would certainly not be buying stocks or 07:54 holding stocks right now at current 07:57 valuations. Uh the bond market has 07:59 gotten absolutely clobbered. you know, 08:01 anybody holding debt is just been killed 08:03 in recent years. So, that's a sucky 08:05 place to put money. Real estate is also, 08:08 you know, ridiculously overvalued in my 08:10 opinion. Again, it's, you know, house 08:13 prices, commercial real estate, 08:15 everything. Um, it's hard to find 08:17 anything that I would consider a good 08:19 investment. And you got to put your 08:20 money somewhere. So, uh, why will 08:22 Bitcoin 10x? One, because you got to put 08:24 your money somewhere. And Bitcoin is the 08:26 best place to put your money while you 08:28 wait to spend it later. It's the most 08:30 scarce, the most durable, divisible, 08:32 portable, fungeible, authenticable, 08:35 verifiable, you know, all of those 08:37 things than anything else that exists in 08:39 the world. It's just better. Um, and you 08:42 got to put your money somewhere and 08:44 you're going to have to find something 08:45 that has those properties and that 08:47 Bitcoin has superior properties in those 08:50 categories. And uh, and again, look at 08:53 the price of gold and the price of gold 08:54 is going way up primarily because 08:56 central banks are buying it. Um now one 08:59 benefit of 09:01 uh I guess one thing to think about as 09:03 far as central banks buying gold is why 09:05 aren't they buying Bitcoin? Uh the 09:07 answer for that is they do not control 09:09 Bitcoin. Central banks still feel like 09:11 they have this sort of tenuous grasp on 09:14 the monetary system if it's based on 09:16 gold and they have to put their reserves 09:18 somewhere. Now if central banks actually 09:20 thought their own currency was a good 09:23 store of value then they would put their 09:25 reserves in their own currency. They 09:27 don't. They turn around and they buy 09:29 gold with their reserves. If they 09:31 thought the US dollar was a good store 09:33 of value, they would put their reserves 09:35 in US dollars. Increasingly, they are 09:37 not doing that. They are turning around 09:39 and buying gold. So, the day will come 09:42 when central banks realize many of them 09:45 already have, but nobody wants to go 09:47 first, that the future of money is based 09:50 on Bitcoin, not on gold. And when 09:52 everybody realizes that, uh, there will 09:54 be effectively a financial arms race for 09:58 everybody to try to get Bitcoin 10:01 as quick as possible and Bitcoin will 10:03 ultimately supplant gold as the 10:06 preferred neutral reserve currency um 10:09 that central banks and everyone else 10:11 holds. It's already much more prevalent 10:14 than gold for individuals, uh, for 10:17 businesses, for corporations. there's 10:19 just much higher Bitcoin holdings for I 10:21 should say as an adoption rate bit the 10:24 number of individuals, corporations, uh 10:26 nonprofits, 10:28 um anything that is adopting Bitcoin is 10:31 at a much much much higher rate than 10:33 gold. The exception is central banks 10:36 which are effectively scared to to open 10:39 the floodgates by uh you know by 10:41 switching from gold to Bitcoin. So 10:43 anyway, that day will come as soon as 10:45 central banks start buying Bitcoin. Um 10:48 you can kiss the fiat currencies 10:50 goodbye. Um fiat currencies meaning 10:52 government madeup currencies. And uh 10:54 they've already sort of started central 10:56 banks are are playing this game where 10:58 they're buying shares of uh Micro 11:01 Strategy, which is a company that holds 11:03 a huge amount of Bitcoin. It's 11:04 effectively just a pass through 11:06 mechanism for Bitcoin. uh and they hold 11:09 huge amounts of uh micro strategy 11:12 including I think the central bank of 11:14 Switzerland I don't know there's a bunch 11:16 um so uh it's a way that they can hold 11:19 effectively indirectly hold Bitcoin 11:21 without claiming that they hold Bitcoin 11:24 which keeps them from getting in trouble 11:25 with their fellow central bankers all of 11:27 which have sort of agreed that hey we're 11:29 going to sort of snub and shun Bitcoin 11:31 for the time being because we can't 11:32 control it but again that will change by 11:34 necessity same way governments were not 11:36 a big fan about the internet because 11:38 obviously if you have the internet you 11:40 mostly don't need a postal service and 11:42 so the internet makes a ton of things 11:43 the government does irrelevant and so 11:46 the government was not a big fan um even 11:48 though the early additions of the 11:50 internet uh had government involvement 11:52 from a you know innovation perspective 11:54 but that was primarily to build defense 11:56 networks and things like that but the 11:58 actual wide openen internet that anyone 11:59 can use uh governments were generally 12:02 not huge fans of it which is why it took 12:03 them a long time to adopt it. Uh same 12:05 with the invention of the printing 12:06 press. The powers that be at the time, 12:09 governments and churches uh you know 12:11 churches that controlled the word of God 12:14 uh were not huge fans of the printing 12:16 press where suddenly anybody can read 12:18 you know the word of God in their own 12:20 language. A lot of people were not fans 12:23 of that who controlled the apparatus of 12:25 everything back then. Um obviously all 12:28 the Christians were fans of it because 12:29 the more people reading the word of God 12:30 the better. But uh technological 12:32 innovation is often resisted by those in 12:35 power until it it is adopted out of 12:38 necessity. We are right in that stage 12:40 with Bitcoin where governments, 12:42 especially central banks, are trying to 12:43 decide, can we ignore this thing long 12:46 enough that it might go away. It's 12:48 clearly not going away, which means at 12:50 some point they're going to have to 12:51 adopt it. And as soon as they do, there 12:53 will be a figurative arms race uh to see 12:56 who can acquire the most Bitcoin because 12:58 the future of money will be based on 12:59 Bitcoin.