Why am I so certain that bitcoin will hit $1 million per coin?

00:02 certain that Bitcoin will hit $1 million 00:04 a coin it's simple because it is 00:06 absolutely superior technology for 00:08 something every person needs every 00:10 person has a need for money the ability 00:12 to store their time and their energy for 00:15 a later time and to be able to spend it 00:17 when it has not not lost a bunch of 00:19 value every other way of doing that has 00:22 issues real estate is not very liquid 00:24 meaning it's hard to buy and sell the 00:26 stock market is only open 19% of the 00:29 time and it goes up and down for a lot 00:31 of reasons that have nothing to do with 00:33 how good money is um and people just 00:36 need to store their time and their 00:37 energy and the US dollar sucks for that 00:39 purpose if you try to store the US 00:41 dollar for any significant period of 00:43 time it loses a huge amount of value so 00:45 what makes a good money there are 00:47 between five and eight characteristics 00:49 depending on who you talk to it has to 00:50 be durable portable divisible fungeible 00:54 um authenticatable 00:57 and most importantly scarce and there's 00:60 a couple other sort of bonus ones you 01:01 could throw in there but the most 01:03 important is scarce bitcoin is the most 01:06 divisible portable scarce 01:09 authenticatable 01:10 uh verifiable money that has ever 01:13 existed in the world you can send any 01:14 amount of value anywhere in the world in 01:17 a matter of seconds in an absolute 01:20 certain sort of way where it's you know 01:22 nobody's nobody can stop you and you 01:25 know it's works worldwide and the 01:28 technology is absolutely incredible so 01:29 the reason I am certain Bitcoin 01:31 ultimately goes to a million dollars per 01:32 coin one that is you know less than the 01:36 current market capitalization of gold 01:38 for gold's monetary purposes and and 01:40 Bitcoin is far superior to gold in all 01:43 of the reasons people value gold other 01:45 than like jewelry which is a very small 01:47 percentage of gold uses same with 01:49 industrial uh uses so for for gold 01:52 monetary benefits which is the vast 01:54 majority of its value Bitcoin can get to 01:56 $1 million per coin just by draining 01:60 that liquidity out of gold because it's 02:02 so much better than gold so just by out 02:04 competing gold Bitcoin can get to a 02:06 million dollar per coin plus gold is not 02:08 very good at doing what it does which 02:10 means the upside of Bitcoin is actually 02:11 far in excess of $1 million per coin 02:14 because a million dollars per coin just 02:15 gets you close to par with gold bitcoin 02:18 is far superior to gold most humans are 02:20 always going to need the ability to 02:22 store their time and their energy in a 02:24 way that does not deteriorate with time 02:27 so that they can buy stuff to make their 02:29 lives better or sustain themselves and 02:31 their family in the future bitcoin is a 02:33 categorically superior technology to do 02:35 that over time superior technologies out 02:38 compete inferior technologies and 02:40 Bitcoin is ultimately not going to be 02:42 outco competed for all the reasons I've 02:44 covered on numerous videos um so why do 02:47 I invest in Bitcoin it's not because 02:49 it's going up it's not because I just 02:51 think it's going to go up it's not 02:52 because I have a feeling it's not 02:54 momentum investing it is 100% based on 02:57 the fundamentals of Bitcoin and the 02:59 fundamentals of Bitcoin is that it's a 03:01 better more durable more divisible more 03:05 scarce more authenticable more fungeible 03:08 more everything money than anything else 03:11 that exists in the world and as humans 03:13 get worse and worse at managing money 03:15 because there's a catastrophe out there 03:17 if it's not obvious as humans just get 03:19 worse and worse at managing money 03:21 because we print it out of thin air 03:22 which is what central banks do all day 03:24 long more and more of that will get 03:26 displaced by Bitcoin and Bitcoin will 03:29 just keep going up until it passes $1 03:31 million per coin it is an inevitability 03:33 based on an understanding of monetary 03:35 history the technology behind Bitcoin uh 03:38 and the real you world usefulness of 03:41 someone who uses Bitcoin all the time 03:43 like I do so it's just a matter of time 03:45 till Bitcoin gets to a million dollars 03:47 per coin sometime in the next five or 10 03:49 years so uh anyway I invest because of 03:52 the value of the technology and how 03:55 incredible it is to transform the 03:57 ability for humans to save and move 03:60 value around the world which is the 04:02 purpose of money have a great day 04:04 everyone thanks