Video from 1994 REVEALS Where Bitcoin and Cryptocurrency is Heading. Greyscale BTC Trust v. CBDC

►Will Bitcoin and cryptocurrency / Digital Assets lead to a COMPLETELY NEW SUPER WEALTHY Economic Elite Class? When we look back at this video from 1994 it becomes PAINFULLY obvious just where BTC and the entire market is headed to in 2020 and beyond. Also, Greyscale puts out a report on Central Bank Digital Coins (CBDC’s) and how Bitcoin fares against them. Ideologically I agree with the report but in reality, Bitcion loss to CBDC’s and I give the reasons why. All that plus Digital Dave!

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Story #1 LINK – https://cointelegraph.com/news/bitcoin-will-create-a-new-economic-elite-in-2020

Story #2 LINK –

Story #3 LINK – https://grayscale.co/wp-content/uploads/2020/05/Grayscale-Central-Bank-Digital-Currencies-Highlight-Bitcoins-Value-Proposition.pdf

Story #4 LINK – https://howmuch.net/articles/crypto-transaction-speeds-compared

STORY #5 LINK – https://www.coingecko.com/en
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► Channels I recommend: ( I might be the ONLY YouTuber to do this)

✅Anthony Pompliano – (The LUNCH MONEY series is a MUST)
https://www.youtube.com/channel/UCevXpeL8cNyAnww-NqJ4m2w

✅Jungle Inc. – I tip my hat to jungle for always believing. XRP HEAVY channel –
https://www.youtube.com/channel/UC9t0DRLy5_dQEpb8nPKAiQA

✅Crazy 4 Cryptos (He’s been in the game for YEARS with a laid back approach)
https://www.youtube.com/channel/UCNHXoNsyoBGVOS0EJarawvw

► NOTE: There is a LOT of info out there and I can’t bring it ALL to you so check out these others to get different content and perspective.

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.

19 Comments

  1. I am glad you made a point about Bitcoin vs printing money in a crisis situation, I also asked this question before. In a Bitcoin standard world and assuming Bitcoin was perfectly scalable, with minimal fees and easy to use, when there is a crisis like today with 30 million unemployed people and a government that can not print Bitcoins to give to them, what would happen to those people? What could the government do in that case to help? History showed that in a hard asset economy, such as gold, people tend to hoard that asset which dries up the economy. How would it be any different in the case of a Bitcoin standard?

  2. Greyscale would be best to do 500x leverage short and then professionally dump their BTC holdings on the market.
    Allowing institutions to buy in cheap with them again. 100% legal and the SEC would even like it.

  3. Be married not to one coin or one system they all will play their roles in the coming trillionaire market

  4. I hedge my portfolio with crypto as well as gold and silver. Your video post today generated a scary thought though. What if BTC is more akin to silver than gold? You don’t need to tell me about scarcity, etc. but let me instead remind you that there is 5x more refined gold sitting around than silver, making silver more scarce. Un-mined, there is 20x more silver in the ground than gold, but it is less economical to mine. Banks forced us out of thousands of years of dual metals use. The limited transaction power of BTC compared to BCH made me recall this and I wonder if other coins with more commercial use (including XRP) will ultimately find Bitcoin hodlers suffering like Silver stackers. I can only hope that either the trend-line breaks to the upside soon, or wait to see what happens with mining. Irregardless, I’ll hang on to my various crypto like I do with gold and silver. Thanks for another great video.

  5. “If you wanted to take a look at a…. uh…. ‘picture’… it took like 2 minutes…”
    I feel you.. hahahaha
    I remember when I figured out you could mute the sounds on the dialup modem

  6. To be fair, a lot of people today still don’t know what the internet is, they use it, doesn’t mean they understand it, same will be with bitcoin

  7. At a Zoom meeting, the other day someone brought up BTC, and half of the people didn’t know what it was and a couple of others thought BTC was a thing of the pass. I didn’t say anything and thought let them find out for them selfs.

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