The financially privileged will be the last to adopt Bitcoin

[@john00123]

I am retiring next yr at 57 been holding since 2018! good thing I listened to my peers that told me about btc.

[@anthonypayne8106]

how much was bitcoin when you heard about it in 2018?

[@john00123]

18K

[@veliadisrosasjr1647]

wow cool!

[@GenZBTC]

$1M dollars just means you have 1M melting icecubes. The sooner your realize, the more you'll benefit. Best of luck 🤞

[@rightpa]

YOOOOO Guapamoto!

[@GenZBTC]

​@@rightpa 😎

[@tjacobsen5131]

💯

[@martinlutherkingjr.5582]

When someone says they’re worth $1M they don’t typically mean they literally have $1M of cash sitting in the bank. It’s the market value in dollars of all their assets and liabilities.

[@rightpa]

@@martinlutherkingjr.5582 "Uh, actually..." 🤓

[@Ogrem]

Bitcoin is the Wonder of the world. It is going to change so much. It is a marvel of our civilization!

[@chriskessler8847]

The United States is printing Dollars into oblivion while Bitcoin has a 21 million finite supply.

[@buildpro9705]

@@chriskessler8847 Every country is printing their currency into oblivion. If the US government officials didn't hand out and provide security to so many countries, that printing could quickly see a reduction.

[@LeonCoyne]

Greetings from a fellow UK Bitcoinaire!!🎉🎉

[@FuzzyLogic890]

Appreciated your Twitter content for a while now. Only recently discovered your YT channel. Loving the quality content from a fellow Canadian!

[@rajatsonifinance]

🤝🏼

[@retrobeaver167]

Those who were mocking me for putting my families wealth into bitcoin years ago are now silent.

[@rajatsonifinance]

💯💯

[@javierizquierdo2966]

@@retrobeaver167 get out whilst you can

[@NWO666UN]

“Only the truly brave are rewarded”

[@mattyt4082]

Yupp.

[@Ogrem]

@@retrobeaver167 not a bip

[@Cola_77]

Congrats to 1M views. Keep up the good content bro.

[@rajatsonifinance]

🤝🏼

[@PersianImmortal514]

Bitcoin is now bigger than the Canadian dollar, enough said.

[@rajatsonifinance]

Insane

[@SlackersIndustry]

Americans dont see their dollar move up and down as other countries that use both their local currency and the dollar and sometimes others, we see both fluctuate and can easily understand why bitcoin is better than fiat.

[@johnnymidas5879]

FRIDAY GREETINGS RAJAT ❤

[@rajatsonifinance]

🤝🏼

[@akshatrastogi9063]

Use of dollar as toilet paper I knew, but "starting a fire" was quite creative 🤣🤣

[@rajatsonifinance]

🤣🤣

[@chuck456]

How do you insure a house that is bought with bitcoin, do the insurance companies have to be using bitcoin for this to happen?

[@rajatsonifinance]

I don't think insurance will work the same way as it does today

[@DavidLawrenceDaley]

Rajat, the whole point is that no one knows. They can’t be bothered

[@rajatsonifinance]

You're right. They don't care.

[@ordinarybitcoin]

You are forgetting tho that contracts between nations around the world are written in USD Shadow banking They create the dollars and trade with them Huge pool of usd in circulation that won’t disappear anytime too soon

[@rajatsonifinance]

Contracts can change

[@noah4444444444444444]

Hey rajat. I‘m btc maxi and know nothing about xrp but saying they own 50% of all coins is no argument imo. With bitcoin we have a huge Unequal distribution too and it doesn‘t matter as long as it‘s limited to 21mio.

[@rajatsonifinance]

Ripple owns 55% of the coins. That's centralization. Why would banks want to use that as money?

[@seriousbutfunny2]

The more you buy, the less the others can have. Comparison is the thief of joy. Keeping stacking and stay humble.

[@JA-mq9ti]

Will I be able to use bitcoin to purchase items in stores?

[@rajatsonifinance]

I don't know

[@MarkTurnermt]

It's beautiful: The poorer the country, the faster adoption of Bitcoin. It's the cantillon effect in reverse. Mark in the UK

[@rajatsonifinance]

Exactly!

[@lucdiefenbach5751]

I love this Rajat! Thanks for the advice. What do you think about that I own eth and xrp and a lot of others but I am mostly in BTC at 90%. Is it smart to keep my money in these others or move all into btc? Thanks again love your videos

[@rajatsonifinance]

I'd stick to Bitcoin only. Thank you 🤝🏼

[@coffee-91]

I don't think that the late adapters technically "lose" money by not buying BTC now, or at 1million, but they definitely miss out on the early profits. Once the world is ready to move to BTC standard and the normies join in through banks and institutions that make it easy for them, their $10000 is still $10000 . But early adapters $10000 is anywhere from $100k to $100mil, depending how early you joined. Point is that you still have time for big profits, but the doubters should really wake the F*** up really, like it can't get more obvious than it is now for anyone who either works in finance or in IT industry. I understand if Timmy the carpenter didn't invest, but there is no excuse for Peter the Programmer or Caleb the ... Financier

[@rajatsonifinance]

They lose out on the purchasing power that they could have gained

[@coffee-91]

@@rajatsonifinance yes, a much better way to put it and easy to understand

[@Fanta....]

@@rajatsonifinance absolutely a massive opportunity cost with every passing day.

[@Ogrem]

Rajat! do not use US dollar as toilet paper! The ink is toxic 8)

[@rajatsonifinance]

Hahahahahahaha

[@PersianImmortal514]

I bet you it will more devalued than toilet paper so that ink spreading might be worth it one day😂

[@shawtyrelax]

😂

[@Jayshadys]

What I don’t understand is how can you buy btc without a bank account.. atm , I hear fees are extremely high. How can the unbanked by btc?

[@rajatsonifinance]

You can buy by paying cash or offering goods and services directly for BTC

[@che3294]

Awesome content

[@postmodgent1499]

The ironic part is if the U.S. starts a bitcoin reserve the life of the dollar will be extended for a time before ultimately failing.

[@rajatsonifinance]

I think you're probably right

[@Fanta....]

Makes sense, keep using the money printing machine until it collapses. This buys them more time to keep accumulating.

[@SimonRoberts-e8z]

There are only 21 million, cant be changed. It's baked in.

[@sabrinabell9555]

Hi Rajat.. Question how can BTC become the world's currency with a limited supply?

[@karinerken9626]

Satoshis

[@BradleyT2p2]

Fixed supply of money for an unlimited amount of goods. To understand how that works out use a reverse fiat analogy. Fixed amount of goods, unlimited supply of money.

[@rajatsonifinance]

Each unit can be split into smaller units. Over time, the price of things will decrease.

[@willpagan1316]

I just don’t get it , if they only have 19.8 million of bitcoins in supply how can each person have one , and if the price keeps rising who would afford and who would stay behind?

[@rajatsonifinance]

Everyone can't have one. Each bitcoin be split into 100,000,000 units. People will have these units.

[@buildpro9705]

Think of one bitcoin as being a $100,000,000 dollar bill. Then a satoshi would be like a $1 dollar bil. Not the value but rather the relationship.

[@Fanta....]

think of bitcoin as dollars, and satoshis as cents. there are a hundred million satoshis in 1 bitcoin. As time goes on, the system can be adjusted to make it even more divisible later on. think of this like a share split.

[@charlesjerometompkins6631]

Mr. Soni really appreciate your practical advice and your financial ability seeing a financial shift in the world., Implementing your thoughts in my personal digital portfolio strategy .I'm 64 and plan by June 2025 have minimum. .5 bitcoin and 2026 at least 1 Bitcoin + I'm retired and live out of US. So I live comfortably off of US dollars ($650/mo) and quality of life about 95% same in US (believe it or not). So bitcoin is a new common financial instrument/ value of adding financial backing to me.

[@rajatsonifinance]

Amazing!!! Happy to have helped you with the content.

[@raymondong349]

thank you for all your content and what you do. it has helped me gain conviction and get onboard BTC. however, one question that has arisen for me is - does institutional adoption of BTC undermine it's fundamentals of being decentralized and decoupled from the traditional financial system?

[@rajatsonifinance]

No because Bitcoin is money for everyone!

[@Chinnacheemal]

Excellent 🎉

[@Jets228]

Would Canadian money even catch fire?🤣

[@rajatsonifinance]

It would melt 🤣🤣🤣🤣🤣🤣🤣

[@tonycardazzi6301]

Hey Rajat, appreciate your bitcoin knowledge and I recently got orange pilled not too long ago. Tell me, Is the Canadian government on board just as much as the Americans in what will be the inevitable when it comes to bitcoin’s future. Our dollar is debasing just as much here.

[@rajatsonifinance]

I think the Canadian government is clueless

[@GaryAlexis2140]

Raj, can you make a video about how you are able to talk about Bitcoin and not be shadowbanned?

[@rajatsonifinance]

I don't know how this works, from what I've seen, youtube just promotes the best content.

[@michaelcalibri3620]

It makes little sense given how much BTC goes up that more people in poorer countries haven't found ways to adopt BTC, many of them would be a helluva lot better off than they are with the dollars they held. It must be technology asymmetries and or information or just the difficulty threshold with adopting BTC. Strike and other platforms need to get more involved and China needs to get its Binance and or other platforms into the third world.

[@Crypto_Viking]

Norway will be the last country to adobt Bitcoin, mark my words. Norway have alot of hydro power, we have so many overflowing water dams and the goverment is just letting it waste away without even thinking of mining bitcoin on the power we dont use. It is just crazy. 🙈

[@Whatscacking]

Bitcoin is great but you need to explain how it can only do 1 transaction per person in the world every 40 years? How’s it going to fix that?

[@rajatsonifinance]

Layers - I mentioned it in the video

[@Whatscacking]

@ I don’t think you understand how layers work. To set up a lightning wallet you still need to fund it with a layer one transaction first. And then more layer one transactions to top it up then more layer one transactions to cash it out.

[@Fanta....]

@@Whatscacking Shhh, number always go up, no more questions

[@Whatscacking]

@@Fanta.... I wonder if you can buy and sell bitcoin directly on layer 2? I haven’t figured out how to do it. Still need to transfer from layer one to lightning to set it up top it up and cash it out .

[@Whatscacking]

@@Fanta.... also . Who likes orange Soda?

[@BitcoinOnlywithRobin]

Bitcoin is more a threat to Gold. Dollar can use Bitcoin as reserve to protect

[@rajatsonifinance]

Yes, but that's still threatening the US government's ability to print

[@BitcoinOnlywithRobin]

@ right thats true also

[@buildpro9705]

​@@rajatsonifinanceIs it a threat to Canada's ability to print?

[@McShrimpies]

American that opted out in 2012 here. Happy to not be part of the fiat herd, lol

[@rajatsonifinance]

👏🏼👏🏼👏🏼

[@JoshuaDaigle]

I’m having such a hard time trying to decide between an employer matched 401k or going all in on bitcoin for retirement. I have a little exposure to MSTR through holdings in the funds available, but there are no bitcoin etfs available from my provider. So on one hand I have free money through the match, but part of me feels like I’m missing out, let alone loosing time, as I pour money into the 401k instead of putting it into bitcoin. I dca alongside my 401k, but idk if it’s worth it. Such a hard decision. What’s your views on this?

[@rajatsonifinance]

The retirement account will give you a 100% return up front, but you'll lose money in the long term

[@mastersteve24]

Xrp has its escrow account with 50 billion yes, but that slowly gets released dude. More adoption leads to more being released stragically 😅 You know this, why are you not being truthful about it??

[@rajatsonifinance]

That's stupid. They still hold the coins.

[@ivanpivan4105]

Look at crypto buyers as a percent of the nation all over the world. You underestimate Americans

[@rajatsonifinance]

Rich Americans are buying it, poor Americans are ignorant

[@alanucan5517]

🎉

[@vinniegbitcoin]

Don't you think it's funny to have this inverse pyramid adoption ?

[@rajatsonifinance]

It works well IMO. 99% of people don't understand Bitcoin, so of course they don't own it!

[@VeryVisionary]

That adoption is what gave everyone a fair opportunity to participate.

[@VEGANWARRIOR]

You are not taking stablecoins like Tether into account. The dollar will remain the global currency (plus stablecoins) and Bitcoin will be the global capital standard in our lifetime. The dollar isn’t going anywhere with much of the world still wanting it. Think about it.

[@rajatsonifinance]

Stablecoins lose value just like USD

[@buildpro9705]

What's that old saying? They hate us cause they ain't us.

[@rickortega80]

Bitcoin, the greatest weapon against the USA😂

[@geoms6263]

Bitcoin is not a threat to the dollar, Jerome Powell said. the dollar has lost the race long time ago - 99.55 %

[@rajatsonifinance]

He doesn't know shit

[@geoms6263]

@@rajatsonifinance 😂

[@389293912]

Lightning is not Bitcoin. So stop saying Bitcoin can scale. Might as well say the dollar is a layer on top of Bitcoin. Bitcoin grows in value. Why would you buy one car with Bitcoin when you can wait a few months and buy 2 cars with the same Bitcoin. Bitcoin is for saving, for investment, that you only spend as a last resort. Something else will come along that is an honest but growing currency to match population growth to keep a balanced supply so prices remain stable. It won't be XRP.

[@rajatsonifinance]

Does this mean when you pay with visa you're not paying in dollars?

[@voluntarism335]

Lightning is bitcoin, it just happens on layer 2. If there were no layer 2 bitcoin would fail because no one wants to pay layer 1 fees to buy a coffee lmao.

[@duarte8546]

You have to be honest man. Why would a 40 year old man who earns a middle wage salary buy bitcoin now ? Why?? I mean…he won’t become rich

[@rajatsonifinance]

You don't understand Bitcoin if that's what you're asking

[@jt500lp]

I’m 40 years old, I earn a middle wage salary, and I buy bitcoin. It definitely makes sense to me.

[@duarte8546]

@ ok. But it won’t make you rich. I buy 50$ every month. So what ?

[@Fanta....]

@@duarte8546 Sorry you waited so long i guess? Should have been buying when it was cheaper. thats on you

[@gunfunandstuff9226]

​@@duarte8546... but you're becoming poorer by staying with the dollar because the Fed keeps printing dollars non-stop without backing its value with anything.....so your dollar purchasing power is getting less and less.... which makes you poorer

[@389293912]

You are exaggerating people's distrust of dollars. Only a small percentage of people actually really feel threatened by inflation. Sure they whine about it but they don't actually do anything like buying gold, silver or Bitcoin. Bitcoins periodic 80% dip against the dollar makes it unsuitable for saving. If someone can buy Bitcoin, they can buy stable coins (online dollars). If Bitcoin can retain its value against the dollar this cycle and continue to increase in price, then yes, Bitcoin will almost immediately become world reserve currency.

[@rajatsonifinance]

The number is small because of a lack of education. The small group is telling everyone else.

[@rajatsonifinance]

Everything is volatile, including gold. Gold has always been volatile in terms of USD because USD is a shitcoin. Gold and Bitcoin aren't volatile, USD is

[@bjørnr1984]

same here in Norway. Our politicians here in Norway is going to ban bitcoin mining, because it a waste of energy....and we got our sovereign oil fund that has lost 99% in its value nominated in bitcoin....Norway is a communist-heaven

[@rajatsonifinance]

Its stupid that they want to ban an industry that can help so many peolle

[@javierizquierdo2966]

To believe BTC could be the world reserve currency is about as likely as man walking on the sun

[@CorneliusOkwudiliEzeokeke]

😂😂😂😂😂

[@theoryli9966]

Well USD is backed by the strongest military in the world...

[@seriousbutfunny2]

And it still lost in Afghanistan. And Vietnam... go figure.

[@rajatsonifinance]

The us dollar isn't backed by the military The military is backed by the u s dollar

[@theoryli9966]

@@rajatsonifinance USD gained its dominance through WWII, and Trump is already threatening countries trying to decouple from USD. Look I have almost half of my investment portfolio in crypto but I don't think it will become THE currency. I think bitcoin will exceed gold in market cap in the relative new future (which will make it at least 1 million USD per coin with current purchasing power) but to replace fiat? I don't really see it. Whichever country that is the most powerful will have the say on what the rest of the world is traded on and they like to have something they have control over not something decentralized.

[@eddiek5966]

DUDE , on one hand you talking about the rest of the world adopting BTC, while them the rest of the world aint doing shit about it, WHILE everyone is looking up at America investing so the price goes up. Make your mind up. I am a Bitcoiner and love it, but sorry to break it to you but the rest of the world is sleeping, while America is moving the needle. Period

[@financialconspirator3080]

What?

[@rajatsonifinance]

A lot of the comments that I get from people who say it's a ponzi scheme are americans Almost all of the comments that I get from people in other countries are positive

[@eddiek5966]

@@rajatsonifinance The money is in America dude the rest of the world is F-in broke.

[@gunfunandstuff9226]

and you don't think America is broke?!!!! $36 TRILLION in DEBT and continuing to print dollars OUT OF THIN AIR and probably can't even service the INTEREST on that DEBT....let alone thinking about paying back the principle..... America is BEYOND BROKE... she's lucky the countries holding her debts haven't come knocking n saying.... "PAY ME BACK BIOTCH" 😂😂😂

[@Skybasegame]

no it wont. purchasing with bitcoin will be slow forever and wont replace quick purchases. but it is a competitor to gold as long as ppl will believe in this useless coin.

[@rajatsonifinance]

OK so stay away 👍