Meet the guy who calls himself a money expert but doesn’t know the first thing about money. If he has it his way, you'll stay ignorant forever and miss out on the best-performing asset it human history. In this video I take down his sorry attempt at criticisms of Bitcoin. I explain why Bitcoin doesn't need to have cash flows to be a superior store of value, and why the fiat lens this guys uses is completely broken.
📺WATCH PART TWO HERE: https://youtu.be/pZlInhlz-CU
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⏱️ Topics and Chapters:
00:00 – Intro: The Dumbest Take on Bitcoin
01:00 – He Doesn’t Understand What Money Is
02:00 – “No Intrinsic Value” Debunked
03:00 – Subjective Theory of Value Explained
04:00 – Dividends, Earnings, and False Equivalencies
05:00 – Why Gold Had Value in the first place
06:00 – Bitcoin vs Tulips and Cannabis Stocks
07:00 – Greater Fool Theory?
10:00 – Gold’s Origin Story (And Monetary Premium)
13:00 – The Six Properties of Good Money
14:00 – Scarcity, Inflation, and Dilution
15:00 – History: Hard Money Always Wins
16:00 – Bitcoin Is Digital Gold (But Better)
17:00 – Store of Value → Medium of Exchange → Unit of Account
18:00 – "Valuing Bitcoin in Dollars" is Not a Gotcha
19:00 – Bitcoin Is Unstoppable