Ultimate Guide To Bitcoin Course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss Bitcoin's volatility in the context of the 3 main functions of money:
1) Store of value
2) Medium of exchange
3) Unit of account
A "store of value" is an asset that preserves your purchasing power over long periods of time (years, decades). It is NOT a short-term hedge against falling stock or other asset prices.
Even gold, which has been a revered historical store of value, has crashed periodically as it did in 2008 and March 2020 during those liquidity crises.
Bitcoin is an emerging store of value. It is like Gold 2.0, in that it is much easier than gold to transport, store, and verify. It is also verifiably scarce, unlike gold.
Just as the world converged on a gold standard as the hardest form of money, the world will converge on a Bitcoin standard, since Bitcoin is even harder than gold.
And unlike gold, the supply of Bitcoin is perfectly inelastic. It does not respond to price, which makes Bitcoin's volatility even more irrelevant.
Over time, Bitcoin's volatility will continue to decrease, as adoption increases.
Not investment advice! Consult a financial advisor.
Using Bitcoin at McDonalds and Starbucks:
https://twitter.com/bitcoinmagazine/status/1435246815939530755?lang=en
https://twitter.com/bitcoinmagazine/status/1435316230307688454
The opportunity cost of buying stuff:
https://bitcoinorshit.com/
80% of all USD printed in the past 2 years:
https://techstartups.com/2021/12/18/80-us-dollars-existence-printed-january-2020-october-2021/
Bullish case for Bitcoin:
https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1
Shelling Out:
https://nakamotoinstitute.org/shelling-out/
Check out my Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in..
