Ethereum (ETH) is slowly dying. It’s not too late to convert your Ethereum into Bitcoin (BTC).

00:01 Ethereum is 00:03 slowly dying just like I told you it 00:06 would. So, the problem with a um with a 00:10 utility token is that it's valued based 00:13 on its utility. And the problem with 00:15 anything that is a utility means it has 00:18 the ability to be out competed by 00:20 something with greater utility. So the 00:23 same way whale oil was ultimately outco 00:25 competed by kerosene and the way 00:27 kerosene was ultimately outco competed 00:30 with uh electricity and natural gas and 00:34 all of this other stuff. The same is 00:36 true same with search engines. You had 00:38 loss got outco competed by Yahoo which 00:40 got out competed by Google and it's just 00:43 a whole string. And you never know with 00:45 something whose use is is utility alone 00:48 and not a store of value. You never know 00:51 if you are, you know, second to last. 00:54 You definitely don't want to be the 00:55 second to last of utility. Uh because 00:57 that means it's going to be outco 00:58 competed by whichever one wins the 00:60 market in the end. And with a utility 01:02 token, there's no way of predicting what 01:04 that is. So, Ethereum is a smart 01:06 contract platform, meaning people use it 01:09 to do all sorts of weird and wonky stuff 01:12 with crypto uh crypto tokens and 01:15 cryptocurrencies. Um, some of it makes 01:17 sense, a bunch of it doesn't. a bunch of 01:18 it is basically, you know, slot machine 01:21 gambling and crazy stuff. Um, but 01:24 regardless, you know, Ethereum was the 01:27 dominant platform and the first 01:28 platform, but there's a huge difference 01:30 between a monetary network and a utility 01:35 network. So, uh, in a monetary network, 01:37 it's very rare that monetary systems 01:41 switch. uh the the process of switching 01:43 from gold to paper money to or let's say 01:47 from silver to gold to paper money. Each 01:49 of those things took a very long time 01:51 because to uh participate in the new 01:53 network, you've got to swap your value 01:56 from the old network into the new 01:57 network. One one 02:02 second. For example, 99% of my liquid 02:06 net worth is held in Bitcoin. It's not 02:09 like I can just go transfer that to 02:11 somewhere else without I mean I 02:13 literally have to liquidate the Bitcoin 02:15 to buy something else with it. The same 02:17 is not true of utility. I can wake up 02:20 today and decide I want to buy a 02:23 memecoin, you know, like the Trump coin 02:25 or the millennia coin, even though I 02:27 think both of those will go to zero and 02:29 are horrible things to put money in. But 02:31 I could and I could do that, you know, 02:34 in the old days I would have done 02:35 something like that on Ethereum. But I 02:37 can wake up the next day and decide 02:38 Ethereum's a little too slow or that the 02:41 fees are a little too high. And I can do 02:42 the same thing on Salana. Uh it's 02:44 similar to stable coins which I've 02:46 talked about before like USDC and USDT. 02:49 Uh people do those on Ethereum. They 02:51 also do them on uh you know uh Salana. 02:54 They also do them on Tron. It just 02:56 doesn't matter. Like you're just going 02:58 to use whichever network is the cheapest 02:59 and the fastest. And in the case of 03:02 USDT, a ton of their traffic is done on 03:05 Tron. Now, does anybody care what Tron 03:07 is? No. But it just happens to be faster 03:09 for that use case. So, who cares? People 03:11 just use it. Um, almost nobody, I mean, 03:15 nobody I can imagine would actually use 03:18 Tron as money. Tron is not money. It's a 03:21 utility platform. You use it if it's 03:23 cheaper and better at the moment than 03:25 your next best alternative. So, the 03:26 problem with smart contract platforms is 03:28 they work that way. They are utility 03:31 platforms, which means you're only going 03:32 to use them so long as they're faster 03:35 and cheaper than the next best 03:36 alternative. One 03:42 second. So in the case of money, money 03:45 does not work that way. What matters 03:48 with money is security and 03:50 decentralization. The absolute certainty 03:53 that nobody is going to make more of 03:55 that money. the absolute certainty that 03:57 you can hold that money yourself in 03:60 something like BitKey. The absolute 04:02 certainty that nobody's going to hack 04:04 the network. Well, the uh the Ethereum 04:07 network and smart contracts on it have 04:09 been hacked a gazillion times. And you 04:12 know, Bitcoin is rock solid, 100% 04:14 uptime. It's in my opinion completely 04:16 unhackable. I mean, it's it's open 04:18 source code. So the attributes you care 04:21 about with money are different than the 04:23 attributes you care about with a smart 04:24 contract platform. One is purely about 04:27 utility with no look, you know, with no 04:29 interest in long-term store of value. 04:31 And the other is all about store of 04:33 value and the ability to transact with 04:35 that store of value. So for all the 04:37 reasons I've covered in other videos, 04:39 but if you want to know why nothing will 04:41 out compete Bitcoin, go on my uh 04:43 Facebook page and type the word out 04:45 compete. O U T O M P. um out compete. 04:49 Just type the word out compete and watch 04:51 the videos I've done about why nothing 04:53 will out compete Bitcoin. And nothing 04:55 has outco competed Bitcoin. It's been 16 04:58 years. One six 16 years Bitcoin's been 05:01 number one. Bitcoin's never not been 05:03 number one. And nothing has even come 05:05 close to out competing Bitcoin. Um the 05:08 same is not true in the smart contract 05:09 world. In the smart contract world, it's 05:12 all different flavors of you know 05:14 different different things were hot at 05:16 the moment. when uh Exodus went public 05:18 on the the blockchain. Initially, they 05:21 were planning to use Ethereum, but it 05:23 was too expensive. So, they decided to 05:25 go public on Elgarand, you know. So, 05:27 it's like, what are you going to use? 05:28 Are you going to use Algarand? You're 05:29 going to use Ethereum? You're going to 05:31 use Salana? You're going to use Cardano? 05:33 I mean, who the heck knows? Are you 05:35 going to use Tron? Doesn't matter. It's 05:37 a smart contract platform. You're going 05:38 to use whatever the cheapest and the 05:40 best in the moment. So I predicted from 05:43 the beginning, well at least from 2021, 05:45 which was four years ago, I predicted 05:47 that Ethereum would get outco competed 05:49 by other things and that it would 05:52 therefore go eventually to zero, 05:54 especially zero against Bitcoin. And one 05:56 of the things I always check because I 05:57 just keep uh Coinbase in advanced mode 05:60 is uh the prices that I check are the 06:02 price of Bitcoin to US dollars, which 06:04 makes sense, but everything else I check 06:07 as compared to the price of Bitcoin. So 06:09 the trading pair Ethereum coin Salana 06:12 Bitcoin Cardano Bitcoin um XRP actually 06:16 actually XRP there is no trading pair to 06:18 Bitcoin because nobody's dumb enough to 06:20 trade Bitcoin for XRP but there is a 06:23 trading pair from XRP to US dollars. Um 06:26 so I always check all of those and I've 06:28 just been watching bit I've been 06:30 watching Ethereum slowly march toward 06:33 zero as compared to Bitcoin exactly as I 06:36 predicted it would. and even Salana not 06:39 doing very well compared to Bitcoin uh 06:41 in the long term. Um so um and plus you 06:45 know Salana will probably be out 06:47 competed by something else. Uh so the 06:49 problem with anything in crypto other 06:51 than Bitcoin is you have the out compete 06:54 risk. Money tends to not have outcompete 06:57 risk because people care about with 07:00 money they care about security 07:02 decentralization. They care about 07:04 longevity. They care about things that 07:07 are not what's the latest whisbang, you 07:10 know, feature. Like, I'm not going to 07:12 move all my net worth to some new token 07:13 that somebody says is 1% better than 07:15 Bitcoin. No, all I care about is 07:18 decentralization and security. And 07:20 Bitcoin has those things. And there's 07:22 just no way anything's going to ever out 07:23 compete that. Uh there's no way to out 07:26 compete that with the massive, massive, 07:28 massive hash rate that is uh securing 07:31 and auditing the Bitcoin network right 07:33 now. nothing else. No crypto token is 07:35 ever going to come even remotely close 07:37 to that. Um, and on top of that, you've 07:40 got the uh, you know, it's open source. 07:42 The best software developers in the 07:43 world are working on it. You have the 07:45 anonymous creation, which is very 07:46 important for money that we don't know 07:48 who the who developed it. There's nobody 07:50 for the government to go, you know, put 07:52 in a headlock and tell them to change 07:54 something. You nobody knows who Satoshi 07:56 Nakamoto is, the inventor of Bitcoin. 07:58 And Satoshi Nakamoto hasn't even been 08:00 participating in Bitcoin for a decade 08:03 now. So, who cares? It's been more than 08:06 a decade. It's been, I don't know, for 08:08 13 years now that Satoshi Nakamoto has 08:11 not been involved. So, um, for all of 08:13 those reasons, you can trust Bitcoin as 08:16 money. You cannot trust Ethereum as 08:18 money. Ethereum is being actively outco 08:20 competed in the marketplace like real 08:23 time, like as we watch. And Ethereum, I 08:27 believe long-term will slowly march 08:28 towards zero, which is exactly what it's 08:31 doing right now as it gets out competed 08:33 by Salana. And the same is true. Salana 08:35 will eventually get out competed by 08:37 everything, by something else. I don't 08:39 know what else, but it will get out 08:40 competed by something else. And Salana 08:42 will march towards zero compared to 08:44 Bitcoin. So, do not store your wealth in 08:46 a smart contract platform. That is not 08:48 what they're intended for. That's not 08:50 what they're built for. That's not what 08:52 they're useful for. do not store wealth 08:55 in XRP or Salana or Ethereum or uh 08:59 Cardano. None of those were intended to 09:02 store wealth. None of those were 09:03 intended to be money. Do not store 09:05 wealth in things that were not intended 09:07 to store wealth. Those are smart 09:08 contract platforms. If you need them for 09:11 a smart contract use, which almost 09:12 nobody does, but if you do, use them for 09:15 a smart contract platform use and keep 09:17 as little of your wealth on that smart 09:19 contract platform as possible because 09:21 that's not what they're intended for and 09:23 that's not what they're good for. So, 09:24 uh, as predicted, Ethereum marches 09:26 towards zero. I hope you did not store 09:28 your wealth in Ethereum. Um, because if 09:31 so, it's very very very it's quickly 09:35 losing value and it's not too late to 09:36 convert your Ethereum to Bitcoin. Same 09:38 with any other, you know, token. Um, 09:41 convert it all to Bitcoin. That's what 09:42 makes the most sense.