A $1,000,000 bitcoin won't cause chaos

In this episode, Peter and Luke explain why they think $1,000,000 per bitcoin is both early and optimistic for the world. They review humanity’s technological progress and discuss why bitcoin is a paradigm shift when it comes to our ability to save and store wealth into the future. Last, they touch on the ETF approval and how it compares to self-custodied bitcoin.
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TIMESTAMPS:
00:00:00 Intro
00:01:35 What are the implications of humanity discovering bitcoin?
00:08:06 How do you value bitcoin?
00:17:48 Comprehending rapid technological innovation
00:25:00 Perfect scarcity clashing with real world abundance
00:29:22 ETF is approved, now what?
00:38:53 93% of all bitcoin has already been mined
00:44:03 Will bitcoin cycles continue?
00:47:12 ETF vs Self-custody
00:59:17 Saving bitcoin for centuries: Inheritance and Trusts
01:08:12 Accelerating adoption and closing thoughts
WHERE TO FOLLOW US:
→ Unchained Twitter: / unchainedcom
→ Unchained Linkedin: / unchainedcom
→ Unchained Newsletter: unchained.com/newsletter
→ Peter Dunworth’s Twitter: / peterbtcadviser
→ Talk to Luke to set-up a multisig vault: calendly.com/luke-btc-advisor...
→ Joe Burnett’s Twitter: / iiicapital

[@unchainedbtc]

With a Roth bitcoin IRA, you don't pay capital gains on the appreciation of bitcoin. Set-up a bitcoin IRA with Unchained today. Use code: FRONTIER for $100 off: unchained.com/bitcoin-ira?

[@JoeBurnett27]

This may be the most bullish bitcoin podcast of 2024. Last time I sat down with Luke, we recorded the most bullish podcast of 2023. The price of bitcoin was ~$20,000 at the time.

[@philgeiger3609]

I loved the analogy Luke made comparing hyperbitcoinization to horses getting replaced by cars. It didn't cause chaos, it caused flourishing. Bullish

[@V4BTC]

Without self-custody, you have no Bitcoin. Ignore this at your own risk.

[@jonp.1084]

Always fantastic work Joe! Love these two. I like the cut ins where expand upon things as well. Keep up the great work 👍

[@JoeBurnett27]

Thank you, my team and I appreciate the feedback!

[@m.m.2597]

Really great conversation. Love these guys. When's part 2!

[@kbs7340]

People get stressed when working for years and still not being able to survive financially. So surely it stands to reason if they have a money that only goes up in value, the less stressed they are. The world only gets calmer and calmer. Bitcoin, the perfect money.

[@patricks607]

Great convo guys 👍🏻

[@JoeBurnett27]

Thanks Patrick!

[@gw6056]

I only need it to 5x to be super happy....I don't need any more at my age 🤓

[@harlemsfinest]

Bitcoin is not a method to get more dollars. ♾️x or bust.

[@andysurfer318]

Two legends

[@JonHegarty]

Can anyone summarize why $1M bitcoin wont cause chaos? That’s why I clicked on it :)

[@christopherstewart9874]

Any forecast on when Unchained will be available in New York?

[@JeremyHelm]

3:35 buying gold: shorting humanity. All purchasing decisions communicate to the free market. Stocks closest thing to betting on innovation. A finite fixed denominator doesn't exist in nature (the closest is your time on earth?) - with bitcoin it's not an emergent trait of the human realm that an abstraction can be so real / grounded in nature (energy).

[@scottsmeltz3585]

Clearly, owning bitcoin is more valuable than the bitcoin ETF. However, there is a lot of money tied up in 401K's. Additionally, there are companies that offer a fairly nice match for 401K contributions. Is it better to have that FREE money go into a bitcoin ETF, or is it still better to forgo that money to buy slightly LESS bitcoin?

[@MarkMcelligottPeaches]

What is this Aussie talking about with regard to oxygen? I hope he is talking in an analogy. Oxygen is not scarce and will never be over the next 1000 millennia. But Bitcoin is being priced in a depreciating asset specifically USD and depreciating by design. Think where Bitcoin is becoming more scarce exponentially while USD is depreciating exponentially. All asset holders will start demanding their assets be priced in Bitcoin while Bitcoin is appreciating. Asset real value will reset to equilibrium. I see all real estate going to 1 third or 30% of what it is currently priced in USD. This equilibrium will start this year causing USD pricing going to plus 500K USD.

[@Chuck-be7ed]

Creative destruction is a good thing for advancement of humanity.

[@andy-ec8xv]

Used to take unchained more seriously. Lame moon boi silliness.

[@harlemsfinest]

$1M bitcoin is in the bag, not silliness. Or, what do you think is a fair price for a bitcoin??

[@JonathanOsborn9444]

Click bait is deception, which is another word for a lie. Please don’t click bait (lie) Luke it is a sin.

[@harlemsfinest]

How is it a lie when this is literally the opinion they expressed in the video?

[@Luke_Broyles]

To claim one is in in sin is a bold claim. Unfortunately you didn't even watch the first 90 seconds to verify that the number used in the title is discussed thoroughly in the entire 75 minute show. 1) I am not lying in my belief of these high prices for Bitcoin. 2) The "clickbait" was not lying in that it is the topic for the show. 3) This isn't even my channel... I didn't chose the title. Obviously. Matthew 7:5

[@JonathanOsborn9444]

@@harlemsfinest in the video he mentioned that he does in fact click bait to get more viewership because he has “good intentions”. This is probably the case but the intention is not what is being argued here, it’s the lie.