The Greatest Bitcoin Explanation of ALL TIME (in Under 10 Minutes)

[@AltcoinDaily]

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[@iloveeverything4380]

What even is a deposit bonus

[@TravisMcGee151]

@@iloveeverything4380Perfect for drug dealers.

[@dipendraphuyal8914]

scam

Who else is ready for the bull run? 👇🏽

[@mandatorymyocarditis]

Not yet. Need to keep stacking

[@Johnnodonoughue]

Not yet, hoping for Black rock and other big players to crash it all. Desperately want to stack at even lower prices 🤞🏻🤞🏻🤞🏻

[@climatebeef]

Does someone wanna buy a kidney?

[@ravenklapper3121]

@@Johnnodonoughue I don't know? Might think about DCA in now may not go much lower, who knows for sure?

[@mandatorymyocarditis]

@@climatebeef what's your price?

[@ciddyboy718]

0:29 I love how se stared at them and firmly stated "public"

[@pausereflect5911]

And not having one point of failure!

[@manorexia1964]

I showed this video to my dog, now he’s a dawg 😂

[@AltcoinDaily]

lol

[@patrickflanagan317]

They say you should learn something every day, today it's about crypto currency. But as an older investor I'll stick to properly and stocks, but I can see change ahead for my daughter.

[@SimonBaker-ez9ru]

I sympathize with many people who had no knowledge digital marketing because currently dollar is unstable and coin is taking over to be universal currency

[@TheCoolOwen]

And then you can exchange your bitcoins for actual US tender. 😂

[@gnostikz8995]

Agreed , but what if thers no internet and no power ?

[@Maccattack56]

You gotta love the look on Mr. Crapo , very appropriate name. 😂😂.

[@CharlieMoneyPH1]

It is good that you uploaded these two videos about Bitcoin. It helps us to remind ourselves why we are here in this Space. 100 stars and thumbs up!

[@alfredom877]

Btc is not Bitcoin tho.

[@tn3294]

Wow ! Listen to that young man schooling those old folks....... so articulate

[@jeanpaul4100]

I have yet to see a young man " school" an old folk at anything. Most could not pick out europe on a map.

[@OMGWUNSIU]

BTC is God.

[@STONJAUS_FILMS]

5:37 Mr Carpo is thinking "this guy sounds exactly like my annoying grandson"

[@susanjohnson2941]

Again, great reporting guys!! You show what needs to be shown. I've been watching you for about a year now and have learned so much. Keep going!

[@tinydanceryoutube]

Fake money. Wow.

[@jimd8152]

@@tinydanceryoutube like your dollar is worth anything. lol

[@kamsable]

Mr. CrapO as a chairman just made my day 😂

[@ericyuan9718]

I actually needed that web3 description.

[@ZidaneSteiner]

Except he described Ethereum as a security.

[@Razur1]

​@@ZidaneSteinerethgate

[@ReneSalasDesign]

​@@ZidaneSteinersounded nothing like a security

[@ddenozor]

No he described Ethereum as an operating system kinda like iOS,Windows or Android and there are many others that can be built on that system like apps.@@ZidaneSteiner

[@SivalJohn-dc3jp]

Hello, I want to start investing but I don't know where to begin. Any advice or contacts for help?

[@OgaPilot]

It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.

[@princeamireh]

Certainly!!! I diversified my $45,000 portfolio across different markets.

[@ccgoulart]

Begin studying!

[@vershaletyus7509]

Crypto crew University! On KZbin and I believe Twitter! Awesome place to get understanding of how it works and how to use it❤

[@pik_santos]

Gotta remind again the fundamentals. Ahead of a Bull market. Dont sell your bitcoin. Hodl. Stay strong.

[@hyrumnielsen4390]

You were dead on!

[@flawed0007]

Bro but btc has no internaal value why will it go up

[@pik_santos]

@@flawed0007 not worth to discuss, if you see no value, thats ok, others Will think diff.

[@flawed0007]

@@pik_santos no im genuinely curious, was just asking as an innocent question. My bad.

[@rebeldeperulibre6059]

I believe Bitcoin is here to stay👌

[@nevbillett7554]

I believe it is doomed

[@joecarey4356]

What can it do? Nothing. This is like fairy dust

[@fb-gu2er]

Until there’s an outage

[@simplemind7]

Commonwealth : Mr. Powell what's BTC? Mr..Powell: It's our worse nightmare.

[@TheBoomtown4]

🥴

[@lancashireninja1584]

They went back to 1976 to get that guy😂!

[@indiablackwell]

Okay, so how does it work? It value seams to still be based on speculation and not as a working currency. Is there a community that uses bitcoin to make and trade purchases?

[@rickwilliams1204]

Sometimes and sometimes it is taken away. For example Tesla and other automobile companies. It is not stable yet

[@allenballek4311]

🎯 you guys did great with this video. Very informative and educational. -Thank you

[@AltcoinDaily]

Glad it was helpful!

[@shivavengala2768]

​@@AltcoinDaily bro i can't understand how to resolve bitcoin core synchronization

[@kunalvm]

The problem is.. how do we know the right market cap for these tokens??

[@TheBoomtown4]

0

[@bnava077]

Mr. Brooks representing from my hometown Pueblo Colorado 👊🏻

[@lisarogers1392]

Wish he didn't talk so fast

[@presence5426]

Mr. Crapo is from my hometown Schitt Creek, Arkansas.

[@cachi-7878]

@5:37, oh! I can’t imagine that guy not being bullied in school for having that last name.😂

[@talhapasha9589]

what a mind blowing explanation boss. salute to all of you

[@climatebeef]

Bookmarked! I'll show this to newbs who ask me about crypto.

[@danielmanly4793]

Can someone please explain to me what value is there in something which doesn't exist? Moreover, what "value" is anyone trading when exchanging with Bitcoin?

[@amritswain6913]

A shiny metal called gold has a lot of value. It’s just a shiny metal. You can’t eat it. U can’t use it to make tools. U can’t drink it. So why does it have value ? Same reason. Humans are stupid.

[@msparkz770]

Also, it confuses me that it's been traded like a commodity. Buy low sell high

[@InitialMatemu]

Money is not Realllll

[@paultaylor4032]

@@InitialMatemu Money or more specifically Currency is a Guarenteed promise to pay which is then covered by insurance. Crypto Currency is not Guarenteed by anyone and is not covered by any insurance company

[@msparkz770]

@@InitialMatemubut it's tangible and legal tender, even if it keeps losing value

[@adrianacueto-vannucchi8160]

Mr. Crapo is chairman? I would have changed my last name 😂

[@ZokStar1]

He forgot to mention that not only do you need a computer and a internet connection. A Bank account and a digital wallet is also needed.

[@OGcryptonite]

You don’t need a bank account, and BTC wallets are free….You pay fees when you transact…BTC is too expensive to transact in, and too slow in Transactions Per Second

[@ZokStar1]

@@OGcryptonite You STILL NEED a Bank account mate. How else are you going to buy your BTC. You can only buy BTC with FIAT fake money to start off. Once you have your BTC in your FREE wallet. You can transact. But as you said it's too expensive.

[@prefixsuffix]

And electricity.... If there is a blackout, how can you trade / transact ?

[@investorbettor505]

No you do not need a bank account especially in underdeveloped countries in Africa, Asia and South America. You only need a bank account to turn crypto into Fiat if you choose to which will be much more common in Europe/US where their fiat currency still has value and governments are not a dictatorship

[@OGcryptonite]

@@ZokStar1 XRP

[@AppexTravel]

Thanks so much for the explanation.

[@DanielGennaro]

Learned about Bitcoin in 2018. Man I wish I put every penny I had in it

[@TriloLuciffer]

Same here

[@bGzzzzz]

Stopped after 1min when he stated it’s decentralized and that’s why it’s great……I am 100% certain EVERYONE wants to know where their money went and retrieve their funds if scammed/wrong info/incorrect transaction etc…so if there’s no middle man that would mean YOU ARE RESPONSIBLE FOR THAT TRANSACTION - so don’t expect any laws to help you.

[@antoinesimeon728]

SBF changed my life too. Ima brokeass now😮‍💨

[@JaimeWarlock]

Some people prefer to learn through education, others prefer to learn through experience. Not your keys, not your coins.

[@PolishBehemoth]

youre fault for going to ftx.

[@benjamingodfrey2244]

WE NO LONGER NEED BANKS ,AT ALL

[@ddljddlj704]

Yeah usdc is ok

[@peanut0brain]

Retail bank branches are closing left and right in US

[@cossak.G.nederlander]

Banks could switch to support systems for bitcoin.

[@agnimosaics]

And eventually politicians.

[@sunnyandbreezy]

Where are 19 billion financial transactions a year going to be settled without banks?

[@kavemanjosh]

It’s a good explanation of Bitcoins value as an alternative currency. It’s not an explanation of Bitcoins logic as an investment. I’ve yet to hear a coherent explanation of why you should invest in bitcoin as a means of capital appreciation that isn’t based in pure speculation equal to gambling not investing.

[@oggyoggy1299]

Same as gold

[@Miashinegawa]

I'm admittedly bummed that I didn't go with my gut instinct & buy bitcoin few months back when it was $20k - $25k range. is it too late to get in and make profits? i have set aside $450k to get fully invested this year

[@L0rdjaggi]

5:36 grumpy fellow ain't he.

[@jamesrichardson1]

How do you determine value??

[@theekman]

Free market will determine that

[@Cryptokidda500K]

Best vid I’ve seen for while sent to family 👍🏻

[@muntedme203]

It is modern day tulip mania!

[@vershaletyus7509]

Million dollar warning at vice!!! Thank You ❤

[@dylanschwizer8102]

Perfect Message in a short way

[@user-se4vs7vx2k]

Robert Dinero behind him . Amazing

[@18782.]

Lmao

[@evb1601]

That was great! I'm sharing it for sure. Thank you.

[@velvetrealitytv]

ready to support blockchain customers

[@Morrisinvest001]

WhatsApp

[@AKLSWISS]

Super Video. Sehr interessante Interview Partnerin. Danke.

[@atom4871]

I still carry paper money. I don't even like using a debit card. My question is, How do you buy anything with it. Will stores start accepting it?

[@popescuandrei7199]

You dont actually buy with bitcoin u convert bitcoin with euro or dollar etc and buy it

[@donkeybus]

How do you buy things with real estate holdings? Why would you want to?

[@frankfromupstateny3796]

92.7% of all BitCoin now held...is held by those with 1.0 or more BTC. THIS FACT is really scary for those who own none. ..if speculation by billionaires, multi-millionaires is correct.

[@davidbermudez7704]

In a nutshell, Bitcoin is like a bank in your own pocket via a device such as a Smartphone. You are your own bank!

[@jesboogie]

Exactly!

[@Einnor084]

Private Banking, has been around, ever SINce blacksmithz took n Private Gold Reservez & issued IOUz, n xchange

[@Jerkasoid]

No electricity, no money. Cyber hack, Good Lord Knows. Lose, forget password, all is gone. Please publish a list of vendors, service providers, gas stations, grocery stores, car repair shops, etc. that accept cryptocurrency (Bitcoin).

[@mrpanda2432]

Best explanation I’ve heard in ages.

[@AF-po9ne]

Amazing video for anyone willing to actually listen. People shunned credit cards when they came out, especially in small transactions such as at McDonalds. It’s here to stay & will only grow.

[@terry_willis]

Credit cards are financial crack cocaine. They allow people to spend money they don't have for stuff they don't need, and, get into and stay in debt for their entire lives.

[@InvestorBillionaire]

Go Go Go Bitcoin !!! 🚀🚀🚀

[@jestjim3608]

Another great one. This explanation was very succinct. Will share. Thx Austin. Peace! ✌️♥️

[@PIKOLO390]

BTC is 100% math and i belive in mathematics

[@jesboogie]

BTC must be raciss then😂

[@jonbarad1]

But not spelling...😂

[@philipdamask2279]

This guy avoids discussing what bitcoin pushers are all about. It is speculation plain and simple.

[@jonnycourageous9174]

Nope. You are fooling yourself.

[@Nyruami]

Bitcoin is NOT money. Money needs to do 3 things to be money: It must be useable as a medium of exchange, it must be useable as a unit of account and it must be useable as a store of value. Bitcoin, and all other cryptos as well, isn´t useable in any of those 3 characteristics. Cryptos are not a unit of exchange as next to no one is accepting payments in crypto., Crypto isn´t used as unit of account and most importantly crypto is so extremely volatile, it can´t be used as a store of value. Crypto is gambling at best.

[@robertgouldie2925]

lol rip

[@SriRam-fp1kt]

Thousands of people are already accepting salaries in Bitcoin. That's value exchanged for time.

[@firstlast3192]

​@@SriRam-fp1ktand billions are Not!

[@velocity3293]

I can’t wait to look back here in a couple years and just laugh at your ignorance. Let’s come back 2025 and we shall see. Comments have been screenshotted.

[@yuriengland1]

In 2021 when it was super hyped up it was taking 3 days for a transaction to process. If people started using it in mass for transactions it may take 3 months for a transaction. And don’t say lightening because no one uses it.

[@akquicksilver]

Dude has bizzare ears. He knows his bitcoin.

[@speedomars]

NON INTRINSIC VALUE. like gold or any other speculative item (including NFTs). Bitcoin is really a distributed databse object...that is, its an encrypted set of pointers and ledgers that record transaction and does so without know who OWNS the ledger and who has entries in the ledger.

[@CurieBohr]

It’s refreshing to hear a suit understand bitcoin. Rare, and refreshing.

[@CurieBohr]

@iMakeBTCwhales scammer.

[@adamw2147]

lol that boomer chairman has no idea whats being said 😂

[@frfrank1]

Oh Crapo! We f up not investing sooner!!! 😅😆😆

[@Lenol211]

I hope my family can understand this again

[@user-uo3wj6ky5s]

Best vid I’ve seen for while sent to family

[@scouts8081]

Bot

[@daveglen7876]

Best video this year.

[@alexsorov1958]

It can be a good idea to Thumbs up ,commet and share so that more people learn....

[@AEGISAOE]

make one vid about how to create ur first wallett and so

[@Garage_gg]

5:33 Mr. Crap O 😂

[@mbrum3230]

Thank you mr ponzi

[@nicaye1918]

Private chokepoints to interaction....... well said, very well said

[@C21m50N_5kY]

For a moment, I thought I saw Steve Carell 😂

[@majidriaz4671]

He forgot to say more likely 30 billion dollar crypto and more has been taken by hackers

[@jphillipos]

7 billion actually, but 30 is close enough 🧐

[@akshaydn5]

Out of 7b more than half of it has been recovered.

[@iCanSeeWhatMostCant]

Bitcoin or crypto?

[@horsemouthjones9060]

@@iCanSeeWhatMostCant Bitcoin is a crypto

[@bjwilkiee]

2:29 ​@@iCanSeeWhatMostCant

[@easterislandhead9579]

Dude at 2:40 realising his son was right when he told him to buy BTC at $10

[@Flowlimit]

😂😂😂

[@ellooku]

😂😂😂😂😂😂😂😂😂

[@MetalBum]

Is that other dude sewing 🧵

[@anonymcrypto]

good that you uploaded these two videos about btc

[@DanIbarra-wg1uw]

Crypto currency is when you run a bunch of computers heating up everything around it while it downloads peoples data from a whole lot of computers causing white noise which then it looks for good quality projects to add to a coin 😉 which makes it valuable 😂

[@Basil-the-Frog]

No, that's called scraping source code or other intellectual property (IP).

[@markbadger265]

Thank you sir for your exacting explanation 😊

[@maribethcondrillon1079]

Wow amazing ❤

[@tindi4real670]

Nice Explanation, this will go far in helping NewBies or aspirants to understand Crypto better

[@GeorgeKauper]

Great Content as usual!

[@marklane870]

Loved this back when

[@Fatimabint698]

How can withdraw USDT to binance account using only these words "head isolate sound end kit industry choice festival limit stable dolphin derive"?

[@arcdisney]

thanks for the explanation, very helpful for beginners like me who are learning in the nfc community.

[@michaelmooresaidso]

Great explanation on BTC and ETH but CARDANO will melt faces ..

[@raymon418]

I Bought at 2 dollars…..

[@michaelmooresaidso]

@@raymon418 double down!

[@majidriaz4671]

​@@raymon418is crypto safe to buy and invest in which coins are good?

[@oggyoggy1299]

@@raymon418 You bought Cardano at $2?

[@torevalberg3510]

@@raymon418so you bought my coins. Rough man

[@AMBecosystem]

Cool.. Thnx.. Ultra micro caps for face melting returns OXS (oxbull), 2080 (game on solana and NEON). other microcaps:SERSH, CARAT, INFRA, ELDA, MORA

[@lindsaylaw1825]

Bitcoin’s biggest flaw: what happens when the Internet goes out?

[@earlsimon8474]

So when our AI Overlord takes control what happens to all your digital assets?

[@rockoslong4767]

With my Bitcoins? Nothing. But you should care about your bank assets.

[@tirothyro9385]

No one dees it better than delmarvaratty

[@tirothyro9385]

On twitt

[@pushbutton2live]

bob saget knows a lot about web 3 :0

[@viperviperpiro]

He forgot... there is a need of exchange, where everyone will be tracked!

[@DanSplaining313]

His first misstatements occurs at exactly 1:00 into his speech. I listened up until 1:05

[@jimd8152]

and what misstatement would that be?

[@pahlawanbertopeng4997]

awesome! I'm sharing this to my fam

[@scouts8081]

Ur a bot

[@mikeburda3038]

If it was gold i would buy some.

[@otchris1046]

I hear Alot of people saying "how can they become rich". What I keep on telling them is that if you want to be rich you should not work for money. 90% of money is debt, if you want to be rich you need to know how to use debt to become rich. Before 1971 the united states dollar was backed up by the gold standard - that means every single dollar in the bank was having a gold standard on it. So after 1971, the united states president remove dollar from the gold standard so now dollar 💵 is not back by anything. Now the banks can keep on printing Alot cash as they want in exchange for value item like gold, government securities. 0:54

[@ogcrypto6022]

Very good video guys thank you

[@MultiDimension_]

If Gary Genslar wanted make his case for crypto being securities he should just play that last clip

[@lv4077]

What direct purchase can I make? Can it be used directly for any purchase? Can I buy a Tesla,Ford,BMW,anything?

[@igorthelight]

You can buy some things with it directly. Google that ;-)

[@Pona1234]

Very smart guy.

[@damiancallender6621]

Damn. That was a good explanation 🔥

[@2SHARP4UIQ150]

And you also need real money. And strangers now manage your money, and you have no guarantees of not losing it.

[@danalevie8210]

If there won't be an internet? Or Google / Microdoft / Apple ... will go against Bitcoin's holders?

[@AbcaDaca]

Who is here after btc hit 40K?

[@mariocatanese1011]

Great Video, guys! I shot this to all of my siblings, as well as my parents. Lets see is they listen this time…

[@igorthelight]

Did they? ;-)

[@aaronv2185]

My uncle who was high up in a major bank told me crypto will fail in ten years. Not a biased take at all.... lol