Bitcoin: A Long-Term Buy?

Bitcoin has been one of the most lucrative investments to be in during the last few years, but will it continue to be so, say, in the next 5-10 years? A Bitcoin Bull and a Bitcoin Bear battle it out.

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How the calculation on gold was made:

50 B.C. yearly salary (Caesar legionnaire) = 225 silver denarii = 9 aureus = 2.6 ounce of gold
1900 average American yearly salary = 40/59 * $675 (40-hour week) = $458
2019 average American yearly salary = $65,836

50 B.C. price of 1 ounce of gold = 12/2.6 = 4.6 months of work
1900 price of 1 ounce of gold = $20.7 = 0.45 months of work
2019 price of 1 ounce of gold = $1,393 = 0.25 months of work

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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

[TheSwedishInvestor]

This video has been in the making for quite some time. During the last few weeks the volatility of Bitcoin has caused some of the comparisons I make here about the market cap of the crypto to be a little off, but in my opinion, not by so much that the comparisons lose their meaning. I just wanted to be clear on that. Some of the data is from the end of May 2022 because of the long lead time of the production of this video. Hope you enjoy it nonetheless!

[idrisideba]

I'm new to forex/Cryptocurrency and I find it difficult using these strategies well. Where can I find a legit broker? than will manage my account and also teach me how to trade.

[frankjonhson]

I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real anyone help me out or at least advise me on what to do?

[bradleywellington]

Mrs Sonia is legit and her method works like magic I keep on earning every single week with her new strategies

[RobinJakobsson]

Excellent video. You’ve really taken the time to understand the narratives. Love it! Subscribed and liked.

[catalinstan]

by far the best 'debate' I've ever watched, thank you. It would be nice to touch on some other things like real use cases of the blockchain.

[raornelas]

I love how Mr. Bear is against Bitcoin but actually has a lot of knowledge on it, unlike 99% of people who have the same position. :)

[tavorebisu]

The whole conversation left me at a middle point. I myself am more inclined to bear but Bitcoin does have some promises that cannot be ignored. I will have at least 1% of my portfolio invested in it, same as gold and other non productive assets.

[JBayney]

This is a really well balanced debate between you and yourself. Thanks for making it!

[TooLateForIeago]

The "now vs. later" argument came up a lot in the bulls retort. Cryptocurrency has been around for 14 years. Using the internet as a comparison, that technology became publicly available in 1991. I put forward that it did not take 14, or even 4 years for the internet's usefulness to be widely understood. What's the holdup?

[udaykhatry]

8:41 now I get it. bitcoin is meant to be hodled as value goes up and fiat is for spending as the value diminish.

[henriquehattori]

Best video about it I've seen so far. You put it in a very clever way. You've got a brazilian fan now. Wish everybody from my country could see it in portuguese. Congrats, buddy.

[everyquid]

This is truly one of the best videos on YouTube I've ever watched, and I mean that. An amazing take on BTC for both sides, which opened my eyes to a lot. I'm a very small investor in BTC, it's literally less than 1% of my net worth, but in this current market crash, I do want to put more of my money into it to see what it can really do for me in the next decade. But I think I'll only ever take on a 10% net worth risk to it maximum.

[arthvader]

Best video on Bitcoin I have seen. I am with Mr Bear on this one.

[monke]

man i see bitcoin more as a store of value than a new currency. i don't understand why people still think bitcoin is going to be the new money

[mann]

The best Bull vs Bear case ever made for Bitcoin. I'm a 🐻🐨🐻‍❄️🐼

[TheMrKofiX]

Great video as always. However, one point I’m on the fence about is regarding the zero-sum nature of Bitcoin trading. Wouldn’t you agree that recently the stock market is behaving in very similar ways with meme stocks, insane price-earnings ratios, the massive speculation markets with options trading, and massive influx of new “retail investors”? I don’t know of anyone buying stocks solely for yearly dividends these days.

If so, wouldn’t this make trading cryptocurrencies vs stocks equivalent in regards to the greater fool theory?

[eivydasa]

All BTC problems from 5:33 have already been solved by L2 and other technologies. ICP developed technology for using native BTC.

[nicholsonhonggo]

Hey, my (over)simplistic analysis is that any currency with no inflation is as bad as those with hyper inflation.
(A little) inflation is necessary so that people spend, so that the economic wheel rolls.

The anti-inflation property of bitcoin is actually a bad property as a currency.
If people believe the value is going up and up, then people wouldn't spend the bitcoin, then it wouldn't be a currency.

Let me know where I got this wrong.

[danju]

What a great way to explore arguments of both sides! Awesome video:)