Correcting Common Bitcoin Misconceptions

Correcting Common Bitcoin Misconceptions

PT17M27S | Video has closed captioning.

2024-12-23T09:42:33+0800

Get advanced Bitcoin education here: https://www.bitcoinuniversity.com/join In this video, I examine common misconceptions about Bitcoin, by discussing the points raised in a thread by two people who are discussing Bitcoin hitting $100,000. I discuss whether Bitcoin is in a bubble, whether Bitcoin should be backed by gold or something else, and I also discuss how it is impossible "to miss the boat" when it comes to the opportunity to move your savings from a weak currency to a structurally stronger currency. I also compare Bitcoin ("the money protocol") to internet protocols like TCP/IP, which tend to be very sticky, due to switching costs. Not investment advice! Consult a financial advisor. Chart of tulip bubble: https://m.media-amazon.com/images/I/71gmY++-ESL._AC_UF894,1000_QL80_.jpg Bitcoin chart cope: https://x.com/LynAldenContact/status/1864614610004779059/photo/1 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #crypto #gold Disclaimer Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.