if you want to know what Elon Musk Bill Gates Warren Buffett and other
Gates Warren Buffett and other
Gates Warren Buffett and other successful entrepreneurs and investors
successful entrepreneurs and investors
successful entrepreneurs and investors think about Bitcoin then this video is
think about Bitcoin then this video is
think about Bitcoin then this video is for you if you’re a true adventurer and
for you if you’re a true adventurer and
for you if you’re a true adventurer and you really want to throw the Hail Mary
you really want to throw the Hail Mary
you really want to throw the Hail Mary you might take 10% and put it in Bitcoin
you might take 10% and put it in Bitcoin
you might take 10% and put it in Bitcoin or aetherium but if you do that you’ve
or aetherium but if you do that you’ve
or aetherium but if you do that you’ve got to pretend you’ve already lost your
got to pretend you’ve already lost your
got to pretend you’ve already lost your money i think bitcoin is probably a good
money i think bitcoin is probably a good
money i think bitcoin is probably a good thing it’s out of currency I mean it it
thing it’s out of currency I mean it it
thing it’s out of currency I mean it it does not need to test it for currency it
does not need to test it for currency it
does not need to test it for currency it I wouldn’t be surprised if it’s not
I wouldn’t be surprised if it’s not
I wouldn’t be surprised if it’s not around in 10 or 20 years what’s up
around in 10 or 20 years what’s up
around in 10 or 20 years what’s up believe they should it’s Evan my one
believe they should it’s Evan my one
believe they should it’s Evan my one word is believe and I believe in you and
word is believe and I believe in you and
word is believe and I believe in you and I believe you have an amazing gift
I believe you have an amazing gift
I believe you have an amazing gift inside you that I want to see explode
inside you that I want to see explode
inside you that I want to see explode out into the world instead of help you
out into the world instead of help you
out into the world instead of help you on your journey today we’re gonna learn
on your journey today we’re gonna learn
on your journey today we’re gonna learn what successful entrepreneurs and
what successful entrepreneurs and
what successful entrepreneurs and investors think about Bitcoin enjoy
Kameron I want you to explain Bitcoin
Kameron I want you to explain Bitcoin for us I mean there are some people out
for us I mean there are some people out
for us I mean there are some people out there who they don’t understand what
there who they don’t understand what
there who they don’t understand what bitcoin is yeah I went to the florist
bitcoin is yeah I went to the florist
bitcoin is yeah I went to the florist the other day and the woman said to me
the other day and the woman said to me
the other day and the woman said to me my son is loving bitcoin he’s making all
my son is loving bitcoin he’s making all
my son is loving bitcoin he’s making all this money I don’t know what it is but
this money I don’t know what it is but
this money I don’t know what it is but but so tell us why you you know why you
but so tell us why you you know why you
but so tell us why you you know why you initially got into this business and
initially got into this business and
initially got into this business and what bitcoin is so we think bitcoin is
what bitcoin is so we think bitcoin is
what bitcoin is so we think bitcoin is gold 2.0 it’s a store of value and so
gold 2.0 it’s a store of value and so
gold 2.0 it’s a store of value and so today it’s about a three hundred billion
today it’s about a three hundred billion
today it’s about a three hundred billion dollar market cap gold is that six
dollar market cap gold is that six
dollar market cap gold is that six trillion so we think it could very well
trillion so we think it could very well
trillion so we think it could very well go up another twenty times from today
go up another twenty times from today
go up another twenty times from today we’ve been saying this since when
we’ve been saying this since when
we’ve been saying this since when Bitcoin was a billion dollar market cap
Bitcoin was a billion dollar market cap
Bitcoin was a billion dollar market cap we’ve been in Bitcoin for about five
we’ve been in Bitcoin for about five
we’ve been in Bitcoin for about five years it’s grown about three hundred
years it’s grown about three hundred
years it’s grown about three hundred times to this point so we think it’s
times to this point so we think it’s
times to this point so we think it’s definitely realistic that it could grow
definitely realistic that it could grow
definitely realistic that it could grow and disrupt gold and maybe even beyond
and disrupt gold and maybe even beyond
and disrupt gold and maybe even beyond that so you think that it could actually
that so you think that it could actually
that so you think that it could actually replace gold as a safe haven or as a
replace gold as a safe haven or as a
replace gold as a safe haven or as a hedge as a store of value and a hedge
hedge as a store of value and a hedge
hedge as a store of value and a hedge all those things that gold provides in a
all those things that gold provides in a
all those things that gold provides in a portfolio if you look at the
portfolio if you look at the
portfolio if you look at the characteristics and properties of gold
characteristics and properties of gold
characteristics and properties of gold like scarce ability portability
like scarce ability portability
like scarce ability portability divisibility fungibility Bitcoin equals
divisibility fungibility Bitcoin equals
divisibility fungibility Bitcoin equals or surpasses gold so Bitcoin is gold is
or surpasses gold so Bitcoin is gold is
or surpasses gold so Bitcoin is gold is scarce Bitcoin is actually fixed at 21
scarce Bitcoin is actually fixed at 21
scarce Bitcoin is actually fixed at 21 million bitcoins divisible will do 100
million bitcoins divisible will do 100
million bitcoins divisible will do 100 million pieces it’s way more portable
million pieces it’s way more portable
million pieces it’s way more portable it’s a 24/7 market
it’s a 24/7 market
it’s a 24/7 market I can send Bitcoin to you and your phone
I can send Bitcoin to you and your phone
I can send Bitcoin to you and your phone right now or anywhere around the world
right now or anywhere around the world
right now or anywhere around the world very easy to move what happens when I
very easy to move what happens when I
very easy to move what happens when I want to get at when I want to cash in my
want to get at when I want to cash in my
want to get at when I want to cash in my bitcoins and I want dollars that’s easy
bitcoins and I want dollars that’s easy
bitcoins and I want dollars that’s easy you go to Gemini comm we are in New York
you go to Gemini comm we are in New York
you go to Gemini comm we are in New York Trust Company we’ve been building Gemini
Trust Company we’ve been building Gemini
Trust Company we’ve been building Gemini for four years so that you can go and
for four years so that you can go and
for four years so that you can go and sign up and buy and sell and sort your
sign up and buy and sell and sort your
sign up and buy and sell and sort your Bitcoin in a safe regulated manner we
Bitcoin in a safe regulated manner we
Bitcoin in a safe regulated manner we are the same licensing structure that
are the same licensing structure that
are the same licensing structure that companies like State Street and Bank of
companies like State Street and Bank of
companies like State Street and Bank of New York started out as trust companies
New York started out as trust companies
New York started out as trust companies over 200 years ago so we’ve taken sort
over 200 years ago so we’ve taken sort
over 200 years ago so we’ve taken sort of the old one of the oldest licensing
of the old one of the oldest licensing
of the old one of the oldest licensing regulatory frameworks and married it
regulatory frameworks and married it
regulatory frameworks and married it with one of the newest technologies in
with one of the newest technologies in
with one of the newest technologies in the world it’s not easy to do but that’s
the world it’s not easy to do but that’s
the world it’s not easy to do but that’s what we’ve been working on doing and we
what we’ve been working on doing and we
what we’ve been working on doing and we think that’s why SIBO was excited to
think that’s why SIBO was excited to
think that’s why SIBO was excited to work with us and price these Bitcoin
work with us and price these Bitcoin
work with us and price these Bitcoin futures with the gemini price when i
futures with the gemini price when i
futures with the gemini price when i look at the dollar the dollar
look at the dollar the dollar
look at the dollar the dollar backed by The Full Faith and Trust of
backed by The Full Faith and Trust of
backed by The Full Faith and Trust of the US government the Treasury what is
the US government the Treasury what is
the US government the Treasury what is Bitcoin backed by just Gemini so
Bitcoin backed by just Gemini so
Bitcoin backed by just Gemini so bitcoins no no Gemini’s a company on top
bitcoins no no Gemini’s a company on top
bitcoins no no Gemini’s a company on top of Bitcoin Bitcoin is backed by
of Bitcoin Bitcoin is backed by
of Bitcoin Bitcoin is backed by cryptography mathematics and one of the
cryptography mathematics and one of the
cryptography mathematics and one of the largest computer networks in the world
largest computer networks in the world
largest computer networks in the world the dollar being backed by the US
the dollar being backed by the US
the dollar being backed by the US government a lot of people would
government a lot of people would
government a lot of people would cynically say that’s injecting
cynically say that’s injecting
cynically say that’s injecting counterparty risk if the government’s
counterparty risk if the government’s
counterparty risk if the government’s collapse currencies are average lifespan
collapse currencies are average lifespan
collapse currencies are average lifespan is 27 years something bitcoins more like
is 27 years something bitcoins more like
is 27 years something bitcoins more like a gold goal has been around for
a gold goal has been around for
a gold goal has been around for thousands of years so as long as this
thousands of years so as long as this
thousands of years so as long as this math you know persists and the security
math you know persists and the security
math you know persists and the security of cryptography that’s never been hacked
of cryptography that’s never been hacked
of cryptography that’s never been hacked a Bitcoin and as long as the the network
a Bitcoin and as long as the the network
a Bitcoin and as long as the the network and people continue to believe in it the
and people continue to believe in it the
and people continue to believe in it the same way they believe in United States
same way they believe in United States
same way they believe in United States as a country or gold as a commodity
as a country or gold as a commodity
as a country or gold as a commodity bitcoin will have value it’s also open
bitcoin will have value it’s also open
bitcoin will have value it’s also open source and it can evolve and grow over
source and it can evolve and grow over
source and it can evolve and grow over time so the Bitcoin when we first got
time so the Bitcoin when we first got
time so the Bitcoin when we first got into Bitcoin is a very different source
into Bitcoin is a very different source
into Bitcoin is a very different source code than today obviously the
code than today obviously the
code than today obviously the fundamentals and the rules are very
fundamentals and the rules are very
fundamentals and the rules are very similar there’s always been 21 million
similar there’s always been 21 million
similar there’s always been 21 million it’s fixed Gold’s not fixed it’s scarce
it’s fixed Gold’s not fixed it’s scarce
it’s fixed Gold’s not fixed it’s scarce we find gold all the time and people
we find gold all the time and people
we find gold all the time and people people joke about how you know asteroids
people joke about how you know asteroids
people joke about how you know asteroids have gold and eventually maybe someone
have gold and eventually maybe someone
have gold and eventually maybe someone will let you know they’ll on lost or
will let you know they’ll on lost or
will let you know they’ll on lost or Jeff Bezos will find gold up there
Jeff Bezos will find gold up there
Jeff Bezos will find gold up there Bitcoin is actually fixed so I don’t
Bitcoin is actually fixed so I don’t
Bitcoin is actually fixed so I don’t think you have to totally understand all
think you have to totally understand all
think you have to totally understand all Bitcoin to to use it to buy it and
Bitcoin to to use it to buy it and
Bitcoin to to use it to buy it and invest in it in an asset class similar
invest in it in an asset class similar
invest in it in an asset class similar to most people don’t understand how
to most people don’t understand how
to most people don’t understand how email works but they use it and they get
email works but they use it and they get
email works but they use it and they get the benefits of email so you know we’ve
the benefits of email so you know we’ve
the benefits of email so you know we’ve been learning for the past five years
been learning for the past five years
been learning for the past five years and we’ll continue to learn about
and we’ll continue to learn about
and we’ll continue to learn about Bitcoin but I think the easiest way to
Bitcoin but I think the easiest way to
Bitcoin but I think the easiest way to think about Bitcoin is really to
think about Bitcoin is really to
think about Bitcoin is really to analogize it to gold that’s a very good
analogize it to gold that’s a very good
analogize it to gold that’s a very good framework of thinking about it
do you think Bitcoin will be disruptive
do you think Bitcoin will be disruptive in that way and we now it’s a
in that way and we now it’s a
in that way and we now it’s a speculative currency will it be
speculative currency will it be
speculative currency will it be something that will be what normal
something that will be what normal
something that will be what normal consumers would use and will disrupt the
consumers would use and will disrupt the
consumers would use and will disrupt the banking industry my opinion but coin is
banking industry my opinion but coin is
banking industry my opinion but coin is that I mean I think what coin is
that I mean I think what coin is
that I mean I think what coin is probably a good thing but it’s it’s
probably a good thing but it’s it’s
probably a good thing but it’s it’s essentially its main I think the thing
essentially its main I think the thing
essentially its main I think the thing we’ll be able to probably get quoted in
we’ll be able to probably get quoted in
we’ll be able to probably get quoted in there but the it it’s it’s like it’s
there but the it it’s it’s like it’s
there but the it it’s it’s like it’s primarily gonna be a means of doing
primarily gonna be a means of doing
primarily gonna be a means of doing illegal transactions but that’s not
illegal transactions but that’s not
illegal transactions but that’s not necessarily entirely bad because what we
necessarily entirely bad because what we
necessarily entirely bad because what we in our side you know some things should
in our side you know some things should
in our side you know some things should be maybe shouldn’t be illegal so but the
be maybe shouldn’t be illegal so but the
be maybe shouldn’t be illegal so but the combination of Silk Road and Bitcoin
combination of Silk Road and Bitcoin
combination of Silk Road and Bitcoin will save us well it will be useful for
will save us well it will be useful for
will save us well it will be useful for legal and illegal transactions otherwise
legal and illegal transactions otherwise
legal and illegal transactions otherwise would have no value as a use of for for
would have no value as a use of for for
would have no value as a use of for for legal transaction because you have to
legal transaction because you have to
legal transaction because you have to have a legal to illegal bridge yeah I
have a legal to illegal bridge yeah I
have a legal to illegal bridge yeah I don’t own any Bitcoin the need to move
don’t own any Bitcoin the need to move
don’t own any Bitcoin the need to move money from place to place the cost of
money from place to place the cost of
money from place to place the cost of doing so the overhead as you put it
doing so the overhead as you put it
doing so the overhead as you put it makes me think believe it or not of
makes me think believe it or not of
makes me think believe it or not of Bitcoin because some people have said
Bitcoin because some people have said
Bitcoin because some people have said hey bitcoin is the answer to those
hey bitcoin is the answer to those
hey bitcoin is the answer to those problems are you a believer
problems are you a believer
problems are you a believer well Bitcoin is exciting because it
well Bitcoin is exciting because it
well Bitcoin is exciting because it shows how cheap it can be Bitcoin is is
shows how cheap it can be Bitcoin is is
shows how cheap it can be Bitcoin is is better than currency and they you don’t
better than currency and they you don’t
better than currency and they you don’t have to be physically in the same place
have to be physically in the same place
have to be physically in the same place and of course they’re large transactions
and of course they’re large transactions
and of course they’re large transactions currency can get pretty inconvenient the
currency can get pretty inconvenient the
currency can get pretty inconvenient the customers we’re talking about aren’t
customers we’re talking about aren’t
customers we’re talking about aren’t trying to be anonymous you know they’re
trying to be anonymous you know they’re
trying to be anonymous you know they’re willing to be known so the Bitcoin
willing to be known so the Bitcoin
willing to be known so the Bitcoin technology is key and you could add to
technology is key and you could add to
technology is key and you could add to it or you could build a similar
it or you could build a similar
it or you could build a similar technology where there’s enough
technology where there’s enough
technology where there’s enough attribution that people feel comfortable
attribution that people feel comfortable
attribution that people feel comfortable this is nothing to do with terrorism or
this is nothing to do with terrorism or
this is nothing to do with terrorism or any type of money laundering
if you’re a true adventurer and you
if you’re a true adventurer and you really want to throw the Hail Mary
really want to throw the Hail Mary
really want to throw the Hail Mary you might take 10% and put it in Bitcoin
you might take 10% and put it in Bitcoin
you might take 10% and put it in Bitcoin or aetherium but if you do that you’ve
or aetherium but if you do that you’ve
or aetherium but if you do that you’ve gotta pretend you’ve already lost your
gotta pretend you’ve already lost your
gotta pretend you’ve already lost your money and it’s like collecting art it’s
money and it’s like collecting art it’s
money and it’s like collecting art it’s like collecting baseball cards it’s like
like collecting baseball cards it’s like
like collecting baseball cards it’s like collecting shoes you know something’s
collecting shoes you know something’s
collecting shoes you know something’s worth what somebody else will pay for it
worth what somebody else will pay for it
worth what somebody else will pay for it it’s a fire but I’d limit it to 10%
if you ask what are the things where
if you ask what are the things where there’s you know what’s very charismatic
there’s you know what’s very charismatic
there’s you know what’s very charismatic and that people are not paying enough
and that people are not paying enough
and that people are not paying enough attention to I think there are these
attention to I think there are these
attention to I think there are these pockets in biotech that I find like that
pockets in biotech that I find like that
pockets in biotech that I find like that you know the one other ones I’ve been
you know the one other ones I’ve been
you know the one other ones I’ve been looking at a lot more have been the
looking at a lot more have been the
looking at a lot more have been the crypto currencies and and what I’m
crypto currencies and and what I’m
crypto currencies and and what I’m skeptical of most of them I do think
skeptical of most of them I do think
skeptical of most of them I do think people are are are a little bit maybe
people are are are a little bit maybe
people are are are a little bit maybe maybe under estimating Bitcoin
maybe under estimating Bitcoin
maybe under estimating Bitcoin specifically because it is like it’s
specifically because it is like it’s
specifically because it is like it’s like a reserved form of money it’s like
like a reserved form of money it’s like
like a reserved form of money it’s like gold and and it’s just a store of value
gold and and it’s just a store of value
gold and and it’s just a store of value you don’t actually need you to use to
you don’t actually need you to use to
you don’t actually need you to use to make payments and it’s been you know
make payments and it’s been you know
make payments and it’s been you know it’s there’s about 70 billion dollars
it’s there’s about 70 billion dollars
it’s there’s about 70 billion dollars worth of Bitcoin in the world there’s
worth of Bitcoin in the world there’s
worth of Bitcoin in the world there’s nine trillion worth of gold and and if
nine trillion worth of gold and and if
nine trillion worth of gold and and if Bitcoin ends up being the cyber
Bitcoin ends up being the cyber
Bitcoin ends up being the cyber equivalent of gold and it has a it has a
equivalent of gold and it has a it has a
equivalent of gold and it has a it has a it has a great potential love so that’s
it has a great potential love so that’s
it has a great potential love so that’s and it’s a it’s a very different kind of
and it’s a it’s a very different kind of
and it’s a it’s a very different kind of thing from what people so people in
thing from what people so people in
thing from what people so people in Silicon Valley normally focus on
Silicon Valley normally focus on
Silicon Valley normally focus on companies not you know algorithms or
companies not you know algorithms or
companies not you know algorithms or protocols but this may be this may be
protocols but this may be this may be
protocols but this may be this may be one exception that’s uh that’s very
one exception that’s uh that’s very
one exception that’s uh that’s very underestimated
underestimated
underestimated well people question it and I know
well people question it and I know
well people question it and I know there’s been so much debate about
there’s been so much debate about
there’s been so much debate about Bitcoin but they question it because
Bitcoin but they question it because
Bitcoin but they question it because what is it based on I mean you see that
what is it based on I mean you see that
what is it based on I mean you see that the dollar is based on you know the the
the dollar is based on you know the the
the dollar is based on you know the the trust of the Treasury the trust of US
trust of the Treasury the trust of US
trust of the Treasury the trust of US government what is Bitcoin based on well
government what is Bitcoin based on well
government what is Bitcoin based on well the the argument it’s based on the on
the the argument it’s based on the on
the the argument it’s based on the on the security of the map which tells you
the security of the map which tells you
the security of the map which tells you that it can never be it can never be
that it can never be it can never be
that it can never be it can never be deluded by a government it can never it
deluded by a government it can never it
deluded by a government it can never it can never be it can’t be hacked and it’s
can never be it can’t be hacked and it’s
can never be it can’t be hacked and it’s a form of money that’s absolutely that’s
a form of money that’s absolutely that’s
a form of money that’s absolutely that’s secure in an absolute way and of course
secure in an absolute way and of course
secure in an absolute way and of course you could ask the same questions about
you could ask the same questions about
you could ask the same questions about gold that’s why I use the gold analogy
gold that’s why I use the gold analogy
gold that’s why I use the gold analogy you say what is gold based on why it’s
you say what is gold based on why it’s
you say what is gold based on why it’s gold valuable well it’s it’s a tangible
gold valuable well it’s it’s a tangible
gold valuable well it’s it’s a tangible asset it’s a tangible asset but it’s
asset it’s a tangible asset but it’s
asset it’s a tangible asset but it’s also hard to mine so if it was easy to
also hard to mine so if it was easy to
also hard to mine so if it was easy to mine gold then it wouldn’t be that
mine gold then it wouldn’t be that
mine gold then it wouldn’t be that dialects we just have way more gold
dialects we just have way more gold
dialects we just have way more gold so Bitcoin is also it’s it’s my noble
so Bitcoin is also it’s it’s my noble
so Bitcoin is also it’s it’s my noble like gold it’s hard to mine it’s
like gold it’s hard to mine it’s
like gold it’s hard to mine it’s actually harder to mine and go
actually harder to mine and go
actually harder to mine and go old and so in that sense it’s it’s more
old and so in that sense it’s it’s more
old and so in that sense it’s it’s more constrained and so yeah they’re there
constrained and so yeah they’re there
constrained and so yeah they’re there number of things that that that I think
number of things that that that I think
number of things that that that I think make it somewhat similar to gold and
make it somewhat similar to gold and
make it somewhat similar to gold and then the question is just does this
then the question is just does this
then the question is just does this become does this become more widely and
become does this become more widely and
become does this become more widely and it’s anonymous right I mean that’s one
it’s anonymous right I mean that’s one
it’s anonymous right I mean that’s one of the beauties of it you can be
of the beauties of it you can be
of the beauties of it you can be anonymous using Bitcoin yes it’s a half
anonymous using Bitcoin yes it’s a half
anonymous using Bitcoin yes it’s a half anonymous half not so it’s it’s again
anonymous half not so it’s it’s again
anonymous half not so it’s it’s again this intermediate thing there’s a
this intermediate thing there’s a
this intermediate thing there’s a question whether that’s right or not but
question whether that’s right or not but
question whether that’s right or not but it’s it’s a bearer instrument so if you
it’s it’s a bearer instrument so if you
it’s it’s a bearer instrument so if you if you have the Bitcoin if you know the
if you have the Bitcoin if you know the
if you have the Bitcoin if you know the key you can you can go anywhere most the
key you can you can go anywhere most the
key you can you can go anywhere most the time most securities are registered not
time most securities are registered not
time most securities are registered not bearer securities so it’s a very unusual
bearer securities so it’s a very unusual
bearer securities so it’s a very unusual kind of a security honestly I’m not that
kind of a security honestly I’m not that
kind of a security honestly I’m not that big fan of bitcoins but I’m a I pay
big fan of bitcoins but I’m a I pay
big fan of bitcoins but I’m a I pay special attention to the – to the
special attention to the – to the
special attention to the – to the cashless society blockchain technology
cashless society blockchain technology
cashless society blockchain technology Bitcoin the the thing I want to know is
Bitcoin the the thing I want to know is
Bitcoin the the thing I want to know is that what Valley what things that the
that what Valley what things that the
that what Valley what things that the Bitcoin can bring to the society but the
Bitcoin can bring to the society but the
Bitcoin can bring to the society but the higher the Bitcoin the technology the
higher the Bitcoin the technology the
higher the Bitcoin the technology the self really very powerful so my job in
self really very powerful so my job in
self really very powerful so my job in Alibaba re pays job is trying to making
Alibaba re pays job is trying to making
Alibaba re pays job is trying to making sure that we will move the world will
sure that we will move the world will
sure that we will move the world will move into a cashless society the society
move into a cashless society the society
move into a cashless society the society can make everybody equal make everybody
can make everybody equal make everybody
can make everybody equal make everybody inclusive to get them get the money they
inclusive to get them get the money they
inclusive to get them get the money they need and making sure it’s a sustainable
need and making sure it’s a sustainable
need and making sure it’s a sustainable inclusive and transparent
inclusive and transparent
inclusive and transparent I hate corruption I don’t have
I hate corruption I don’t have
I hate corruption I don’t have opportunity it’s okay but I don’t want
opportunity it’s okay but I don’t want
opportunity it’s okay but I don’t want somebody through dirty way take away my
somebody through dirty way take away my
somebody through dirty way take away my opportunity this is why we want a
opportunity this is why we want a
opportunity this is why we want a cashless society but Bitcoin we
cashless society but Bitcoin we
cashless society but Bitcoin we watch it very carefully I would not say
watch it very carefully I would not say
watch it very carefully I would not say I’m a fan of bitcoins
I’m a fan of bitcoins
I’m a fan of bitcoins I’m always also as curious as you are
I’m always also as curious as you are
I’m always also as curious as you are and I don’t think unex from that I don’t
and I don’t think unex from that I don’t
and I don’t think unex from that I don’t pretend I know there’s one thing that I
pretend I know there’s one thing that I
pretend I know there’s one thing that I want to share with all of you
want to share with all of you
want to share with all of you one day when you do business I’ll do
one day when you do business I’ll do
one day when you do business I’ll do whatever if you don’t know it’s not
whatever if you don’t know it’s not
whatever if you don’t know it’s not shameful but if you don’t know but you
shameful but if you don’t know but you
shameful but if you don’t know but you pretend you know it is very shameful I
pretend you know it is very shameful I
pretend you know it is very shameful I don’t know about bitcoins
it’s not a currency I mean it it does
it’s not a currency I mean it it does not meet the test of a currency it I
not meet the test of a currency it I
not meet the test of a currency it I wouldn’t be surprised if it’s not around
wouldn’t be surprised if it’s not around
wouldn’t be surprised if it’s not around in 10 or 20 years why does it not meet
in 10 or 20 years why does it not meet
in 10 or 20 years why does it not meet the definition of the currency well
the definition of the currency well
the definition of the currency well because then people say well I’ll show
because then people say well I’ll show
because then people say well I’ll show you goods and bitcoins but they change
you goods and bitcoins but they change
you goods and bitcoins but they change the price of those every time the price
the price of those every time the price
the price of those every time the price of the dollar changes in relations but
of the dollar changes in relations but
of the dollar changes in relations but their pricing off the dollar they could
their pricing off the dollar they could
their pricing off the dollar they could say well I’ll sell it to you in barrels
say well I’ll sell it to you in barrels
say well I’ll sell it to you in barrels of oil but if they check every time the
of oil but if they check every time the
of oil but if they check every time the price of oil changes they change the
price of oil changes they change the
price of oil changes they change the number of barrels you have to have
number of barrels you have to have
number of barrels you have to have that’s not your oil is not the currency
let me ask you about Bitcoin okay
let me ask you about Bitcoin okay Bitcoin people say the same thing it’s a
Bitcoin people say the same thing it’s a
Bitcoin people say the same thing it’s a store of value you’ve got to have
store of value you’ve got to have
store of value you’ve got to have diversified the dollars not safe there
diversified the dollars not safe there
diversified the dollars not safe there are two purposes of a currency is it a
are two purposes of a currency is it a
are two purposes of a currency is it a medium of exchange and is it a store
medium of exchange and is it a store
medium of exchange and is it a store hold of wealth those are the basic
hold of wealth those are the basic
hold of wealth those are the basic ingredients bitcoin is not an effective
ingredients bitcoin is not an effective
ingredients bitcoin is not an effective medium exchange by and large and if I
medium exchange by and large and if I
medium exchange by and large and if I coach I have a Bitcoin I don’t want to
coach I have a Bitcoin I don’t want to
coach I have a Bitcoin I don’t want to go buy things it’s not easy to buy
go buy things it’s not easy to buy
go buy things it’s not easy to buy things with the Bitcoin and in terms of
things with the Bitcoin and in terms of
things with the Bitcoin and in terms of a store hold of wealth a store hold of
a store hold of wealth a store hold of
a store hold of wealth a store hold of wealth more reflects like gold more
wealth more reflects like gold more
wealth more reflects like gold more reflects the opposite of what money is
reflects the opposite of what money is
reflects the opposite of what money is doing right and so you look at it’s a
doing right and so you look at it’s a
doing right and so you look at it’s a store hold of wealth bitcoin is a
store hold of wealth bitcoin is a
store hold of wealth bitcoin is a speculative it’s a speculative bubble
speculative it’s a speculative bubble
speculative it’s a speculative bubble right its price is like a greater fool
right its price is like a greater fool
right its price is like a greater fool theory in terms of its price if you say
theory in terms of its price if you say
theory in terms of its price if you say what is its intrinsic value if if
what is its intrinsic value if if
what is its intrinsic value if if bitcoin was made into a more effective
bitcoin was made into a more effective
bitcoin was made into a more effective medium of exchange and also operated in
medium of exchange and also operated in
medium of exchange and also operated in terms of a store hold of wealth not of
terms of a store hold of wealth not of
terms of a store hold of wealth not of the reflection of that volatility it
the reflection of that volatility it
the reflection of that volatility it would be a viable instrument it is to me
would be a viable instrument it is to me
would be a viable instrument it is to me a vehicle for speculation that’s
a vehicle for speculation that’s
a vehicle for speculation that’s attracting people in and it has all the
attracting people in and it has all the
attracting people in and it has all the classic ingredients of a bubble people
classic ingredients of a bubble people
classic ingredients of a bubble people leveraging themselves up and it doesn’t
leveraging themselves up and it doesn’t
leveraging themselves up and it doesn’t have that same intrinsic value even the
have that same intrinsic value even the
have that same intrinsic value even the privacy value okay is suspect suspicious
privacy value okay is suspect suspicious
privacy value okay is suspect suspicious in other words it has a purpose to some
in other words it has a purpose to some
in other words it has a purpose to some extent if you’re living in a country and
extent if you’re living in a country and
extent if you’re living in a country and you don’t know your currency it was
you don’t know your currency it was
you don’t know your currency it was whether it’s gonna be good or not and
whether it’s gonna be good or not and
whether it’s gonna be good or not and you might hole try to hold that but that
you might hole try to hold that but that
you might hole try to hold that but that thing you’re holding is running around
thing you’re holding is running around
thing you’re holding is running around like crazy for reasons that you don’t
like crazy for reasons that you don’t
like crazy for reasons that you don’t understand and then it’s so it’s not
understand and then it’s so it’s not
understand and then it’s so it’s not going to be an effective store holder
going to be an effective store holder
going to be an effective store holder wealth and the privacy will be stress
wealth and the privacy will be stress
wealth and the privacy will be stress tested in other words governments are
tested in other words governments are
tested in other words governments are examining who is operating in their own
examining who is operating in their own
examining who is operating in their own clever ways of what that and so you
clever ways of what that and so you
clever ways of what that and so you can’t even assume that that’s so it’s
can’t even assume that that’s so it’s
can’t even assume that that’s so it’s gonna be a privacy vehicle so I don’t
gonna be a privacy vehicle so I don’t
gonna be a privacy vehicle so I don’t see the effectiveness of Bitcoin I could
see the effectiveness of Bitcoin I could
see the effectiveness of Bitcoin I could see cyber secure currencies and and so
see cyber secure currencies and and so
see cyber secure currencies and and so on but crypto currencies but this is not
on but crypto currencies but this is not
on but crypto currencies but this is not what we’re having it’s it’s you know
what we’re having it’s it’s you know
what we’re having it’s it’s you know it’s a possibility that I think is has
it’s a possibility that I think is has
it’s a possibility that I think is has been captured as a speculative vehicle
been captured as a speculative vehicle
been captured as a speculative vehicle that
that
that in the middle of a bubble
bitcoin is something that you’ve been
bitcoin is something that you’ve been interested in and supportive of in fact
interested in and supportive of in fact
interested in and supportive of in fact one can pay for a tour on Virgin
one can pay for a tour on Virgin
one can pay for a tour on Virgin Galactic up to the moon with Bitcoin I
Galactic up to the moon with Bitcoin I
Galactic up to the moon with Bitcoin I think the the Winklevoss twins have said
think the the Winklevoss twins have said
think the the Winklevoss twins have said that they would do exactly that this is
that they would do exactly that this is
that they would do exactly that this is a currency a currency that’s really
a currency a currency that’s really
a currency a currency that’s really gonna work eventually I think it is
gonna work eventually I think it is
gonna work eventually I think it is working and there will be other
working and there will be other
working and there will be other currencies like it that may maybe even
currencies like it that may maybe even
currencies like it that may maybe even better but in the meantime there’s a big
better but in the meantime there’s a big
better but in the meantime there’s a big industry around Bitcoin and you know
industry around Bitcoin and you know
industry around Bitcoin and you know people have made fortunes that Bitcoin
people have made fortunes that Bitcoin
people have made fortunes that Bitcoin some people have lost my net a Bitcoin
some people have lost my net a Bitcoin
some people have lost my net a Bitcoin phenomenal it’s volatile yeah it is
phenomenal it’s volatile yeah it is
phenomenal it’s volatile yeah it is quite volatile but and but you know when
quite volatile but and but you know when
quite volatile but and but you know when involves it volatility people can make
involves it volatility people can make
involves it volatility people can make money how to volatility why was it
money how to volatility why was it
money how to volatility why was it important for you to give it sort of
important for you to give it sort of
important for you to give it sort of that stamp of approval that endorsement
that stamp of approval that endorsement
that stamp of approval that endorsement by saying to the Winklevoss twins yes
by saying to the Winklevoss twins yes
by saying to the Winklevoss twins yes you can pay for the the ride with
you can pay for the the ride with
you can pay for the the ride with Bitcoin because I’m not foolish Evan if
Bitcoin because I’m not foolish Evan if
Bitcoin because I’m not foolish Evan if people have got lots of bitcoins then
people have got lots of bitcoins then
people have got lots of bitcoins then they want to go to space I much rather
they want to go to space I much rather
they want to go to space I much rather they spent that money on our spaceship
they spent that money on our spaceship
they spent that money on our spaceship of whether I keep little bitcoins is
of whether I keep little bitcoins is
of whether I keep little bitcoins is another rather they spend that money on
another rather they spend that money on
another rather they spend that money on a Virgin Galactic spaceship then on you
a Virgin Galactic spaceship then on you
a Virgin Galactic spaceship then on you know even we’ll be sending people to
know even we’ll be sending people to
know even we’ll be sending people to space one day on Elon spaceships they
space one day on Elon spaceships they
space one day on Elon spaceships they will grab the money well it’s well it’s
will grab the money well it’s well it’s
will grab the money well it’s well it’s there thank you guys so much for
there thank you guys so much for
there thank you guys so much for watching I hope you enjoyed I’d love to
watching I hope you enjoyed I’d love to
watching I hope you enjoyed I’d love to know what did you think of this video
know what did you think of this video
know what did you think of this video there’s a mix of different opinions on
there’s a mix of different opinions on
there’s a mix of different opinions on Bitcoin on where it’s going I’d love to
Bitcoin on where it’s going I’d love to
Bitcoin on where it’s going I’d love to know who do you think is right whose
know who do you think is right whose
know who do you think is right whose advice you’re going to listen to is
advice you’re going to listen to is
advice you’re going to listen to is there your own tape that you want to add
there your own tape that you want to add
there your own tape that you want to add to it as well to help your fellow
to it as well to help your fellow
to it as well to help your fellow members a belief nation leave it down in
members a belief nation leave it down in
members a belief nation leave it down in the comments below I’m really excited to
the comments below I’m really excited to
the comments below I’m really excited to hear from you so thank you guys again
hear from you so thank you guys again
hear from you so thank you guys again for watching I believe in you
for watching I believe in you
for watching I believe in you I hope we continue to believe in
I hope we continue to believe in
I hope we continue to believe in yourself and whatever you’re one where
yourself and whatever you’re one where
yourself and whatever you’re one where it is much love
it is much love
it is much love see you soon raise your standard Apple
see you soon raise your standard Apple
see you soon raise your standard Apple at the core is core value
at the core is core value
at the core is core value is that maybe that people have passion
is that maybe that people have passion
is that maybe that people have passion and change the way people now one drop
and change the way people now one drop
and change the way people now one drop of myself work depends on your it’s
of myself work depends on your it’s
of myself work depends on your it’s suppose to me
suppose to me
suppose to me I don’t ever give up I’d have to be dead
I don’t ever give up I’d have to be dead
I don’t ever give up I’d have to be dead or completely incapacitated hey believe
or completely incapacitated hey believe
or completely incapacitated hey believe nation if you want to see my all-time
nation if you want to see my all-time
nation if you want to see my all-time favorite top ten Rose a success I have a
favorite top ten Rose a success I have a
favorite top ten Rose a success I have a very special secret video for you these
very special secret video for you these
very special secret video for you these are the individual clips that I have
are the individual clips that I have
are the individual clips that I have personally learned the most from and
personally learned the most from and
personally learned the most from and applied to my life and my business check
applied to my life and my business check
applied to my life and my business check the link the description for details
”
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