A Masterclass on Bitcoin (What You Should Know) | The Prof G Show

The episode was filmed on Dec 23rd, 2020, when Bitcoin traded at ~$23k.
On this episode of The Prof G Show Scott Galloway uses historical context to discuss the future of the largest cryptocurrency on the market: Bitcoin.
0:29 Bretton Woods Agreement
1:19 The Nixon Shock & Rise of Fiat Currency
2:43 Cronysim & the Rise of Bitcoin
4:47 What's Better than Gold?
6:35 Criticism of Bitcoin
8:28 What Does This Mean for the US Dollar?
9:05 Why I'm Investing...
Check out The Prof G Podcast on Bitcoin: podcasts.apple.com/us/podcast...
Prof G on Social:
Twitter: / profgalloway
LinkedIn: / profgalloway
No Mercy / No Malice newsletter: www.profgalloway.com/
TikTok: vm.tiktok.com/ZMJPHXbjU/
Music:
News Theme 1 by Audionautix is licensed under a Creative Commons
Attribution 4.0 license. creativecommons.org/licenses/...
Artist: audionautix.com/
Subscribe & click the notification bell so you don't miss an episode of The Prof G Show.

[@sc49ers323]

$50k confirmed!

[@darrellstyner0001]

No wait, unconfirmed. No, wait, confirmed again. No, unconfirmed. No...oh, I give up.

[@robreke]

18k confirmed!

[@jordanz4264]

@@robreke”bitcoins dead”

[@robreke]

@@jordanz4264 No, it's actually $20,6K per coin. Come back in 5 or so years, after the next halving, and tell me if it's dead or not. If it is then, I'll concede you're right.

[@ryan.wright]

That aged well…

[@JacksonMiley-iq7mo]

Every successful investor has seen their fair share of losses. smooth seas don't make good sailors. if you haven't seen any losses yet rough waters are coming.

[@Andrian-ch3on]

the best way to learn and grow as a trader is study and examine your losses. sometimes they can be a better teacher than anything.

[@RickMckee-nq4ni]

I barely made anything from the market always FUD at every little dip until I gave a financial adviser try, who has now managed my portfolio from $70k to over $150k in 8 months.

[@BillAdamson-bp9ff]

Honest The truth is, I like the market anytime I hear people talk about how they have been successful from investing but dislike the market because it has rendered many homeless and I can't stomach the thought of losing too much money. How can I reach this advisor helping you

[@RickMckee-nq4ni]

It will be a financial error to invest that much without any form of professional advice or guidance. The adviser's name is Michelle Christine Parker. Google her up `

[@BillAdamson-bp9ff]

Thanks a lot. I just googled her up (Michelle Christine Parker)

[@damianpriday4655]

Watching this is December 2021 and its amazing how Prof G nailed the inflation prediction.

[@mroberts566]

Responding from the future, it’s interesting that Scott said that the cause of the inflation is the increase of the money supply between January and December 2020. In 2022, everyone is solely blaming Biden, who was inaugurated in January 2021.

[@dhayes907]

@@mroberts566 right?

[@ihatesocialnetworkin]

He was a year late! Jeremy Grantham nailed it!

[@thadjw]

Everyone should watch this presentation.

[@alejmc]

Agreed, on September 2023!

[@Ljcoleslaw]

"I'm investing in bitcoin, because I can afford the risk and I don't want to feel like an idiot if it goes to $100k this year." This is FOMO personified.

[@vietimports]

can you imagine if he bought at the top

[@SGspecial84]

And exactly when I realized Scotts number one priority is marketing himself above all else (monetarily speaking).

[@BrandonRealLilB]

It's also logical

[@pinnedcryptotelugu719]

Buy....invest.......trade.......all type of cypto

[@pinnedcryptotelugu719]

I will Refer You to my Trading analyst on Whatsap

[@seanhawley9855]

Long term investor's know that the market and economy will recover eventually, and investors should be positioned for such a rebound, I gained $270k from bitcoin of 2021. Before the market crash and now am buying again, adding more at a time. Having a good financial advisor like Mr. Lyle Keith, it will add to your success in the crypto market

[@victoriarodriquez5276]

Wow, amazing to see others who trade with Mr Keith Lyle, I'm currently on my 5th trade with him and my portfolio has grown tremendously.

[@seanhawley9855]

@TERRY Leftwich You can communicate with him on Whatsapp *✙17069623119**美国美国*

[@Alexwilliamskenneth]

I have traded with a lot of individuals but I have never come across anyone as good as Mr Keith Lyle, just by applying his strategies I now trade independently. he is the best I'd advise any novice in investing to trade with him

[@marizaparthy3591]

Amazing I also just started trading with him, his the best at what she does with an initial investment of$1400 i made up to $5230 in just a week of trading with him,his strategies are mind blowing.

[@barrymcdonald9868]

rubbish, que to fools

[@zupah5918]

great video, made me lose my house. THANKS MAN

[@AkoKyle]

Prof G covering Bitcoin, this is the great genesis to many more to come professor #BTC

[@AkoKyle]

@The Prof G Show -Scott Galloway Loving your show with Kara on Pivot. Always bring joy whenever MacKenzie Scott is mentioned, love to see her invited to the show. Back to bitcoin, I'm a milennial young professional I've sold all my positions in $AAPL, $FB, $BABA past 2 years adding my stimulus check and entire annual bonus into $BTC in 2020. Would like to hear your thoughts on Pivot. Thank you professor, love your works and insights.

[@shahinir]

Thank you for this short, clear, and simple to understand video!

[@marcob.7801]

Yeah but, he didn't nail the bitcoin price of 100K,...in fact the inverse!

[@dannynguyen7076]

LETS GO! One of the best, visually appealing video explaining bitcoin to a beginner yet. Subscribed.

[@sergioestevao9262]

2nd

[@dannydoyle8731]

agree, I have "gambled" into bitcoin the amount I feel comfortable at losing without breaking a (few) night's sleep, that's the only rational way I can justify it.

[@ivangutowski]

And you'll thak yourself in 10 years when the currently forgettable sum of money is suddenly enough to change your life

[@dannydoyle8731]

@@pinnedcryptotelugu719 EFFF U spammer! reported!

[@DennisRay99]

Just HODL

[@bmaw604]

always enjoy your videos / talks.

[@Rohwit]

Thanks Prof. Helpful. Love from India

[@seka9910]

So I guess there are comment bots that bomb every video that contains Bitcoin in the title?! Go figure KZbin....

[@Juttutin]

Is "sometime in 2021' like, next week?

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@petergoodwin4639]

Nakamoto's consensus protocol increases the computational complexity of mining bitcoin over time. Increased complexity leads to increased hardware costs for miners. Increased hardware costs raise the barrier to entry for mining (remember, miners are the backbone of the network). All of this results in increased centralization around a few mining pools (currently around 19). It is worth considering this trend before you buy something that you assume will always be thoroughly decentralized. FOMO may very well pump the price much higher, but just keep an eye on the growing divergence between the advertising (decentralization) and reality (fewer miners).

[@dhayes907]

I did not know this. 19 really? Is it lower than that now?

[@andreworrell8407]

Prof G with the Economics 101 lesson!

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣....

[@jjtolson]

jordan from the future here, inflation was at 9% and went down to 3.2% now going back up :)

[@Nero-pw4ui]

Your prediction was right...

[@alexalexalex658]

Such a great channel

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@SBK2480]

Another "safe haven" to protect against inflation is investing in companies. Companies that add value to the economy and have a competitive advantage which keeps them relevant will be able to overcome inflation by raising or lowering prices of the good and services based on input costs. Hence, the best companies are not really affected by the rate of currency inflation. Example: Coca Cola in Turkey. Even during hyperinflation, the coke business in Turkey was fine , because they were able to change the product pricing to keep pace with inflation. Hence, companies are actually the biggest "safe haven" right now . If you look at all assets currently in the world, equities far outweigh gold + bitcoin + cash combined.

[@pomp4401]

Even if it’s overvalued?

[@flochfitness]

Loving these videos. Keep it up!

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@cryptoberto8077]

Here before 1 million views

[@lucabarbiero]

Last song: Once Was - Euginethedj

[@AltcoinDaily]

Hodl bitcoin!

[@ivangutowski]

Hey man, you on reddit too :)

[@pj6181]

inflation is already happening. A burrito at the local taco stand went from 5.25 to 7.50, at a nice place it went from 9 to 11 bucks. We can't measure inflation based on the cost of a refigerator someone buys every 10 years. Americans are feeling the hurt already.

[@hoochill]

i think it's worth researching bancor protocol

[@Eclass96]

If Bitcoin and the S&P are correlated then should we wait for the next correction to buy?

[@davidallanmusic]

No. If you believe it's going to $500k like I do, then you want to get in as soon as possible. Waiting could cost you.

[@Eclass96]

@@davidallanmusic 🤔

[@danielmuzzarelli4740]

You missed one of the largest criticisms: the % ownership diversification (or lack thereof)

[@qwertmom]

His prediction was right and will be considered an underestimate soon

[@3rdwhirledbeau]

and so how Prof G... are you performing this investment?

[@DennisRay99]

Yesh!

[@bhaveshvatari8845]

Im going to make an app how to make this long videos into a summary for people to save time !!!

[@wellwh0]

That was smart

[@yoganayurveda]

How does it feel in June 2022? Still bullish?

[@cjjames83]

inflation through consumer good already happening. try ordering food from seamless its almost double

[@byunism]

Watching in Nov 2022 and there's a lot more climbing to $100k

[@RichardBuckerCodes]

your definition of sat seems wrong. I do not believe that they are individually serialized and linked to a specific coin. the idea that they are 1/1,000,000 of a BTC makes them linked to BTC but not actually...

[@whatwherethere]

Wealth is the coordination of human activity. As nation states, institutions, and faiths lose the power to coordinate human activity, the abstraction that remains the most organized will rise in relative wealth. BitCoin organizes around thousands of miners and millions of machines coordinated on the blockchain.

[@NickMart1985]

Crypto is nothing more than an "in addition to" an inflation hedge. Crypto, physical gold and silver should all be a part of ones diversified investment portfolio. "The might be bitcoin" is the key here.

[@RichardBuckerCodes]

what's your take today? Went to 60+ and is currently 47.

[@pomp4401]

Ask again

[@yastech7183]

Prof G YAAAAAAS

[@a_d_s5361]

This video aged really well.

[@pomp4401]

This aged as well too

[@robin212212]

bitcoin will never be used as a fiat currency unless governments regulate and support it, which kind of defeats the point of having bitcoins.

[@VirmanaMarketing]

Most of the money supply is being used as savings and to pay down debt at this moment. It’s not an inflationary event. BTC is thin air. All of its value is tied to the belief that it has value. Most people will have to accept the entire value of the data behind the chain as a measure of value. In addition, you need to spread out ownership of bitcoin as most of it is concentrated in China. China understands the macroeconomic implications of any move that would negatively impact the US economy. There’s no China... there’s Chimerica. Their future is greatly tied to our future. If we fail as a market, where will their exports go? This is the fragile balance between the search for world dominance and the USD role as the world’s reserve.

[@colinsimon777]

"All of its value is tied to the belief that it has value" True for BTC, also true for USD.

[@larlarbooth]

US fiat Dollar has a GDP behind it, not unlike a national balance sheet. It will be interesting to see if a "trust system protocol" has long term value. Hopefully, ways to trust each other in transactions has made banks the brokers of capitalism.

[@VirmanaMarketing]

@@colinsimon777 if you say this you have no clue about macroeconomy. I suggest you study it before saying such non-sense

[@MikeWille]

And where do you think those dollars go after you pay off your debt? Do you think they disappear so as not to be inflationary? All value is tied to belief. You can only sell something at the amount that a buyer believes it has value. Ownership of bitcoin is not concentrated in China. You are confused with hash power that comes from miners. Even then that is around 30% but that has nothing to do with ownership.

[@chrism5586]

What do you think about ethereum?

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣..

[@commentpost907]

Hedera Hashgraph $HBAR is the one

[@pomp4401]

Garbage

[@johannesduenser]

ringing the bell at the top

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@CeresKLee]

From Google Finance on July 20, 2023: Bitcoin hit a historic high at $61,281 on March 12, 2021, fell in May, then return to glory on $64,400 on Nov. 12. It has fallen since but never before 2021 levels. Today, it tracks at $27,961.30.

[@pomp4401]

Update this

[@Lalitaditya100]

I'm here at 61K

[@pbandjelly007]

Just hit an all time high of $73k just a couple weeks ago!

[@milootje007]

5% of my total assets is Bitcoin. If it turns out to be a bubble it would be a bit of a bitter pill, but if it multiplies and i wouldn't have gone in it would have felt even worse lol

[@dhayes907]

Sometimes you have to throw in a lotto ticket to keep things interesting.

[@KennTollens]

To make it fair, if the United States changes to a digital currency, they should create a new one that some people don't have most of already.

[@HughJass-jv2lt]

Your argument flopped as soon as you said *FAIR.* The _STATUS QUO_ will make sure that there'll be None of that!! 🤣🤣

[@KennTollens]

@@HughJass-jv2lt Indeed, by fair, means they get most and you owe them now too.

[@theyouthful7251]

Your prediction was right Prof G. Bitcoin had touched $60,000... 😃

[@emils8002]

1:53 How much is printed is determined by a private entity called the "Federal" Reserve. Which is as federal as Walmart. The whole point is that the government has no direct control over the money supply.

[@HughJass-jv2lt]

Technically, True. Functionally, False.

[@johnwhite2576]

How can something be a viable currency when it cant function as a remotely stable/viable store of value ? Any currency that fluctuates 50% in a year doenst meet that standard.

[@tjlawless8588]

Or maybe Bitcoin, a currency that doesnt loose value, meets the standards much better than Dollar or Euro.

[@bad_writer]

@@tjlawless8588 doesn't lose value? Were you in a coma during 2018? 😂

[@a.j.4644]

This entire comment section in June 2022 😬

[@dhayes907]

@@a.j.4644 happy new years

[@everythingisfine9988]

Wild west currency 🪙. And whoever has the best computers will win over time. This favors the most powerful making them even more powerful. But blockchain tech inside of bitcoin has promise.

[@ashrafel-gaaly8657]

Yo dawg!

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@JJs_playground]

If Bitcoin is a hedge to inflation, why is it currently crashing?

[@pomp4401]

How about now?

[@CBLifeHacks]

$60,000

[@erichintz7251]

It’s a GOOD thing most foreign exchange reserves are in the US dollar. That means other countries trust the value of the dollar and want to hold on to it. It’s the reason why the dollar is the standard for international trade.

[@guywest699]

sometime in 2021 🤔

[@aa9215]

Now we're at 60K!

[@kavr]

60k

[@patricksmith2224]

Welcome to the party pal. but to be fair do you know why it be so bad for the NASDAQ to go down? Here's hint old folks living in 401 K land

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣..

[@patricksmith2224]

@@cryptocapitaiventures8369 im sending you something now

[@timoconnell7194]

This aged very well :)

[@dhayes907]

Right?

[@pomp4401]

How about now?

[@yoursubconscious]

I was one of those who was trying to invest in Bitcoin (or some crypto) but was a little confused and put it a side for a couple months. 2 months later, the crash happened.

[@fabiola925]

Same and I’m still unsure about it.

[@dhayes907]

XD

[@HughMcBrideDonegalFlyer]

Prof G , am. a big fan , how does such a small country like Ireland hold so much US foreign Treasury ..?

[@clownpenisfart]

American companies offshore their cash in Ireland to avoid paying U.S. taxes.

[@HughMcBrideDonegalFlyer]

@@clownpenisfart Ah, makes sense , thx

[@CaioAndrade-ctla]

Any current discussion on Bitcoin and the increasing prices should include comments on unregulated exchanges and Tether. Could your team check that and present a summary as well? Thanks!

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@dhayes907]

Wow

[@itsmyeelsmth3656]

Hi Scott. Could you please do a video with sharia'ah compliant assets?

[@keithprice6581]

'When your grandma is telling you to buy bitcoin, you know it's too late' Dude called it a brand last week . . .

[@pinnedcryptotelugu719]

Buy....invest.......trade.......all type of cypto

[@pinnedcryptotelugu719]

I will Refer You to my Trading analyst on Whatsap

[@pinnedcryptotelugu719]

What-sap +1. 2. 4. 0. 4. 5. 4. 0. 3. 5. 6 ⬇️🇱🇷

[@prometheuspaintball]

16k in 2022

[@pomp4401]

100k in 2025

[@SportsIncorporated]

That 1 trillion in US Treasuries that China holds, doesn't seem that large an amount in 2021.

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@Jaytraveler2]

50kinMarch2021

[@user-gu5iv2mr6e]

The US government doesn't control how much USD is printed. The federal reserve does and despite it's name the federal reserve isn't federal. It's a handful of banks. In summary: a handful of banks has more political power than the US government.

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@vityay17]

what about 2023-24?

[@47NATES]

58k rn

[@ccieracktime]

Well, considering Bitcoin already touched $42,000, a $50,000 Bitcoin isn't much of a prediction but a rounding error.

[@pinnedcryptotelugu719]

Buy....invest.......trade.......all type of cypto

[@pinnedcryptotelugu719]

I will Refer You to my Trading analyst on Whatsap

[@pinnedcryptotelugu719]

What-sap +1. 2. 4. 0. 4. 5. 4. 0. 3. 5. 6 ⬇️🇱🇷

[@BUCTHA4]

Sometimes I feel impressed at how far I’ve come financially, I currently make a monthly income of $35k on a monthly basis from my equity trades I run through an expert funds manager Ronald B. Furey

[@Josep61]

Lucky you! I believe the major issue traders face as a career challenge is the difficulty of finding a suitable mentor, trusted and experienced enough to take them on

[@BUCTHA4]

@@Josep61 I believe so too. But then, there are trade secrets that come with every profitable venture, and most of the big whales in the trading market keep these secretes to themselves. Only a few like Mr Ronald who I work with employ these secrets to benefit others as well as himself

[@Josep61]

Interesting...makes a lot of sense why most of the new entries into the finance market quit, seemingly while they're ahead.

[@gustavor.2]

@@Josep61 What markets do you invest in? i’ve been trying to get into cryptocurrency investments for some weeks now

[@BUCTHA4]

@@gustavor.2 Cryptos are a lucrative part of the equity market, it comprises about 60% of my portfolio with the rest comprising of the stock and foreign exchange market

[@meowmeow1733]

Fast forward to 2022 Crypto crash Bitcoin as of 06/23/22 - $20,000.

[@joelmonteiro1419]

The bit about Bitcoin's volatility did not age well. Honestly, I don't touch cryptos. They seem like a FOMO-driven Ponzi scheme.

[@levikok1810]

You are right. About 90% of the bitcoins purchased is NOT with dollar but with Tether, a 'virtual' dollar that is simply created by the owner of the Tether. They say that for every 1 Tether, they have 1 dollar, but it has been proven they don't. They are currently under investigation by the New York Attorney General, look it up :)

[@joelmonteiro1419]

@@levikok1810 I did't even know about that. So if a reasonable amount of people cashes out at the same time on one of the largest exchanges, there won't be enough (real) money to pay them?

[@HelmutRockstroh]

FOMO definitely. Ponzi, not.

[@levikok1810]

@@joelmonteiro1419 Yes, the Tether would bust and becomes nearly worthless. The bitcoin price would drop significantly as the price was immensely inflated by the Tether. What strikes me the most is that that the Tether fraud has been reported by quality newspapers like FT, but people tend to ignore it. Very similar to 2008 in a way. As pointed out, It is not a classic Ponzi scheme indeed.

[@joelmonteiro1419]

@@Delheru funny that you mentioned it. One of the people most invested in Bitcoin that I know personally is also one of the highest proponents of clean energy.

[@212Lewis4]

Exactly on point. However, I would prefer to stay with gold and silver.

[@macromaxim2193]

Okay boomer

[@SaadAhmed3000]

I think you need a high quality recording camera dude

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣....

[@cycosteve2006]

Remember mt gox!!!!!

[@User-lr5zt]

What? The single biggest existential threat that bitcoin has ever faced? That happened in 2014? When its market cap was less than 10 billion? The crisis that those who understood bitcoin just shrugged off? That no one investing in it now cares about? That Mt Gox?

[@clownpenisfart]

A video that became stale within twelve hours of being uploaded. Bitcoin dropped over 20% in the last two days.

[@HelmutRockstroh]

Imho tearly by far for such a verdict. Certainly there couldn’t have been a better confirmation of BTC’s volatility. The prediction of BTC going to 50 000,- does not at all rule out a very bumpy ride on the way :-)

[@Ljcoleslaw]

***POP***

[@HelmutRockstroh]

@@Ljcoleslaw This is your chance to buy low then.

[@cryptopoussin2721]

TIMESTAMP : Let's check the value in 1 year we will see...

[@dinospumoni123]

@@Ljcoleslaw The previous bull run had 6 drops of 29% or more. All of those were bigger than the drop today. This is normal for Bitcoin.

[@cjjames83]

2 weeks later

[@geomaniac23]

11 Jan: Bitcoin worth $38k 12 Jan: Bitcoin worth $30k Loss of ~25%. How feasible of a currency can BTC become?

[@geomaniac23]

@Friday’s are cool I said, it can't become currency. Atleast not in the foreseeable future.

[@itssteve6018]

@@geomaniac23 You're wrong. Bitcoin can easily reach a markecap that will necessarily stabilize the value within a decade. Bitcoin is already close to the marketcap of Silver. Within a decade it can achieve the marketcap of Gold. The volatility will level out and stabilize once it reaches 10+ trillion marketcap.

[@MikeWille]

It's an emergent store of value. Key word being emergent. Volatility decreases as the market cap continues to mature. But it will lack the breathtaking gains once it gets there.

[@kapdolkim1914]

The idea that a currency backed by a fiat metal is somehow better than a currency backed by a strong economy producing goods and services you can buy with those dollars is a big pile of BS.

[@dhayes907]

Book recommendation: debt the first 5000 years. Its kinda a history of currency and debt as told by an anthropologist. It contrasts ledger based and coin based currencies.

[@TheGoldeyFamily]

Gold is not trackable. That's why people own it.

[@Bullionexchanges]

And silver!

[@pomp4401]

Can you move it border to border?

[@Telluwide]

In the words of Charlie Munger, "Bitcoin is rat poison."

[@commentpost907]

HODL Bitcoin BUY Hedera Hashgraph

[@pascaljean2333]

Aged like milk

[@zaceory]

Did it?

[@pascaljean2333]

@@zaceory we got a new cow

[@pomp4401]

It broke ATH. Your comment aged like milk.

[@pascaljean2333]

@@pomp4401 new cow

[@josephthompson6675]

Hi Prof G, another criticism of Bitcoin is the fact that hundreds of Bitcoin are lost all the time. There are only 21 million that can be made, and if so much is lost, what happens then? Thanks!

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@lail118]

Why don't we, the American people by back the US debt?

[@HughJass-jv2lt]

Buy it back with What?

[@pelvisesley5549]

Blockchain is a revolution and will sure change many things. But BTC is a big bubble right now driven by Tether. Do not invest now!!

[@bx8321]

Bitcoin is down 18% today 11 Jan 2021. Profs gotta work on his predictions 😂

[@OSIERK]

Its January 11, cmn..

[@vietimports]

very disappointing to see that prof g actually thinks the us government is ever going to let the usd collapse. lets hope he didnt buy at the top

[@cryptocapitaiventures8369]

Thanks for your feedback for more guidance I can link up with something new..T..e..x..t..M..e..➕..1️⃣..7️⃣..7️⃣..4️⃣..6️⃣..4️⃣..3️⃣..0️⃣..5️⃣..9️⃣..4️⃣...

[@SGspecial84]

Come on Scott, you're not protected from anything buying bitcoin. Looks like your number one priority is marketing yourself, and for that you just lost a follower.

[@Jay21121]

Storing value in something that has no intrinsic, underlying value? Sounds like a house of cards.

[@pinnedcryptotelugu719]

Buy....invest.......trade.......all type of cypto

[@pinnedcryptotelugu719]

I will Refer You to my Trading analyst on Whatsap

[@pinnedcryptotelugu719]

What-sap +1. 2. 4. 0. 4. 5. 4. 0. 3. 5. 6 ⬇️🇱🇷

[@andrewjaxson7754]

Need lovely 😍💋 💝💖❤️

[@nchidemarjaco5800]

Very happy 😍💋 💝💖♥️❤️

[@cxa011500]

I'd like to invest in Bitcoin, but unfortunately I can't afford the risk. 😕

[@edwardb7811]

30,941.10USD--value of Bitcoin June 7, 2022. Bitcoin was $68,000 in November 2021. To me, bitcoin is way too volatile to have as an investment.

[@HassanWorld]

Scott if you start supporting Bitcoin, you will become a demigod to the population.