Million Dollar Bitcoin

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In this video, I discuss Balaji's Bitcoin price target of $1 million in 90 days.

After pumping shipcoins for the past few years, it appears that Balaji has returned to Bitcoin, mostly in an effort to bolster his personal reputation by aligning himself with Bitcoin's coming success.

I think that his price prediction is quite over the top, but directionally correct, especially given the current financial crisis and the Fed's turning the money printers back on.

Bitcoin is the only asset in the world that has:

1) No counter-party risk (if you hold your own private keys)
2) No debasement risk

In a time of bank runs and monetary debasement, this makes Bitcoin increasingly attractive as a safe haven asset.

Gold also has these same bearer asset characteristics, but it is bulky, difficult to store and assay and transport, and makes zero sense in a digital age.

We are continuing to see all assets (including "crypto," tech stocks, bank stocks, stock indices and even gold) rapidly lose value when measured against Bitcoin, as Bitcoin begins to finally be recognized as the safe haven asset that it has always been.

Not investment advice! Consult a financial advisor.

Be Your Own Bank With Bitcoin:

Fed goes back to quantitative easing (QE):

Bitcoin hashrate chart:

Balaji predicts $1 million Bitcoin price in 90 days:

Balaji pumping Solana:

Solana Billionaire VC's Are Laughing At You:

Coinbase gets a Wells notice:

Do Kwon finally arrested:

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

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[Bitcoin_University]

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[juniorvicepresidentofzimba]

Time for the people to have their own money.

[BitcoinWillFixEverything]

I have between 5 and 10 Bitcoin. Average price is $37k. I don't mind being down right now, I didn't sell one of mine when it ran up to 69, 000. Sometimes I just don't know if I will live long enough to see a one million BTC. It is so wrong to be happy with 20% a year? That's still a nice return.


I hope what drives Bitcoin isn't a catastrophic event, but rather it becomes an everyday part of life. I think the goal should be a day when people who don't consider themselves investors simply own it the same way that a non-mechanic owns and operates a car. They don't know the how and why it works, but it's simply part of everyday life. The same as the internet.

[toejoe]

Great to get an update from you, Matthew. Very weird times we are living in. As one of your official "plebs, " who is simply trying to learn, I appreciate it.

[gtcstorm]

Thanks for the levelheaded perspective. I felt the same way, bitcoin going to 1 million in 90 days would be a disaster for society. Be careful what we wish for.

[jrmex]

Hello Matt! As always your education is always appreciated. Thank you for making me a bitcoiner.

[mikefitlifestyle]

Hey Matt. Assuming BTC hits 100k this year or 1 million in next 10 years, how would one be able to ever sell it to realize their gains (since exchanges might be all closed by then). Or is the ultimate goal to never sell your BTC and use it as a form of exchange once we get to a bitcoin standard in America and pay for goods with it? I can imagine you are the only person that I would trust to answer this. Would appreciate your opinion. Thanks so much!

[James_]

Some of the highest yield content available, and the dry bone sense of humor and delivery is the cherry on top. Holy did I belly laugh at 2 min and 20. 😂 Thank you for that. Seriously.

[uglee]

big thanks for taking the time to post new stuff while travelling. had a bit of a panic attack when you said you were going away or a time!

[AnthonyJones-gfyv]

It must feel cosmic to have Saylor share your videos

[benjaminjonas]

Thanks for your timely insights as always Matthew. Hope you're enjoying your time away!

[jnathan]

Hey Matthew! Hope to see you on some bitcoin podcasts one of these days! :)

[simonweber]

Thanks for uploading while on vacation Professor Kratter! We appreciate it.

[GPW]

My concern from day one has been government closing the Bitcoin On/Off ramps to the banks. Should this happen, how does one get fiat as needed with my hardware stored Bitcoin?

[AndrewKangas]

Good hearing you! Safe and happy travels.

[tylerweaver]

My fav YouTube channel. Matt, you continue to provide top notch content man. Props to your no frill, straight to the point content… I usually get a good laugh as well

[edfox]

I’d say the audio quality is actually - improved.

[digital_gravity]

Great vid. Hope the trip is going well.

[ItsAdamRobinson]

Thanks for the update Matthew. Hope you’re enjoying vacation and not checking Twitter nonstop like all of us

[NightWhoSaysNi]

the question here is WHY is Balaji calling for 1mil /BTC price in 90 days? What does he see or predict? The bank runs have been tempered for now with the Yellen / Fed saying they are going to back up these large banks.