WARNING: Beware of the scammers in the comment section that use Swan's image and name. We will never ask you to contact us through TH-cam. If you have any questions and want to reach us directly follow our Twitter @SwanBitcoin and send us a message.
Bitcoin is far better than real-este: - Easier to move. - Easier to sell. - Zero maintenance costs. - Zero paperwork and approvals. - No other people but you involved.
@@anakamoto that doesn't matter. Sp500 and real estate will go up forever too. We re talking about how much, not how long, to care more about it more than what we already have.
@Loremips9966 the ironic thing is that when BTC is fully adopted and its value is recognized universally, it will no longer be priced in dollars. The dollar will be essentially worthless. It will be a big shift in perception but at least you are thinking about it ahead of time.
The attraction to real estate is threefold: appreciation due to inflation, low cost borrowing leverage, and tax savings. All three are artificially created by government.
Whats great with BTC is that it might also start making real-estate more affordable and available for those who need them to live in, as investors start moving away from real-estate and into Bitcoin as a far more lucrative, affordable and easy store of value.
@tovsteh now if they let u sell ur property and do a 1031 into a BTC etf or let u self custody BTC with the profits from the sell then that wud free up alot of homes
If Bitcoin reaches full adoption, there will be a Lightning network payment option at McDonald's. But the thing about it is. Everyone would have to be more honest. Your financial history is out there
You are thinking in dollars. Dollars will one day be recognized for pretty pieces of paper with no value. At some point there will be no amount of dollars you can trade for btc, you will only be able to trade your labor. Its going to be a paradigm shift.
You must be HODLing crack. 100x would be $7M per coin and $147 TRILLION with 21M coins total. That is over 6 times the entire GDP of the United States. The entire planets GDP is $96T.
It can easily hit $7 million, it is digital gold, it will replace all value in global real estate and gold, when bonds collapse, it eats that away too. It will be worth far more than $147 trillion in the future. Far, FAR more.
Peter is dull. I don’t listen to him anymore. He stated a fact without context and used it to argue a point regarding inflation. He does no research he just says stuff
Let's hope Bitcoin doesn't 100x anytime soon. To do so it would have a market cap of over 150 trillion. For that to happen the entire US economy along with the entire stock market value would have to go to zero. It would require the absorption of everything. But to do so anything soon would be a total collapse of society, economy, and government as it would be impossible for the world to adjust and prepare quickly enough. Also, let's not forget the unimaginable amount of inflation it would cause. Your Bitcoin would be worth x but everything around you would cost a fortune making your Bitcoin's value a moot point.
@@stephenfarrell3024 And the chances of that are? 🤣 The US government would label Bitcoin a national security threat as it would guarantee US default on debt...
Our government runs a massive deficit on interest uncomparable to any other in human history. There would need to be a complete restructuring of everything. The welfare system would be impossible. Many people would die. No more food stamps for those that need it. Our food supply chain would be significantly impacted. Federal Student loans would evaporate. Medicare/caid would cease to exist. The military would have to shrink significantly, exposing our national security. The deficit is massive. To balance would require incredible sacrifice. It would be a societal collapse for decades before things would stabilize. In the long run all of these things would be for the good, but not with great pain and a lot of death. I imagine Bitcoin would be made illegal under the banner of national security. The government would do anything to attempt to collapse and destroy Bitcoin. Though they would fail, it would certainly set Bitcoin back for awhile. the only reason why we enjoy the luxuries we do in the US is because we can print money indefinitely. Bitcoin isn't the first run of a monetary system that is "fixed" or backed by finite commodity. When you go back in history. The only time huge growth has ever happened in the human history books is when governments decided to print money/devalue currency at the cost of inflation on the people. Otherwise, history shows us a fixed sustainable currency comes at a cost of very slow societal growth. But because humans have a fixed lifespan, we have always opted for currency devaluation to accelerate growth.
@@stephenfarrell3024 If our government loses it's ability to print money / devalue currency would mean the end of many things that we have taken for granted. Medicare/caid. Big military. Food stamps. Student loans. Infrastructure spending. Loans would have to have huge interest rates which would lead to housing collapse, growth collapse for that matter as companies would be unable to grow at the rate they have since coming off the gold standard. If you look back in history, a run at a sustainable currency has been tried many times. Growth was never able to keep pace with population growth. Population growth has always been the catalyst to opting for a fiat currency. Without fiat currency the only way to sustain population growth required taking resources from someone else, which is why the world during those times was in a constant state of war and pillaging. Times of fiat currency has always been times of very little war in comparison. War only spiked during fiat when currency collapse accelerates towards the end of that currency. The Roman empire is a great study of these things. A Bitcoin standard would lead to the largest death rate / population reduction ever seen. But from those ashes would lead to a much better world, but not before much destruction.
@organic723 are you recruiting for people interested in poverty? Call me crazy but I actually prefer to learn from people who are more knowledgeable and successful than me.
WARNING: Beware of the scammers in the comment section that use Swan's image and name. We will never ask you to contact us through TH-cam. If you have any questions and want to reach us directly follow our Twitter @SwanBitcoin and send us a message.
I’ve played Landlord and now a investor in crypto. Bitcoin is less stress than a crazy tenant!
Exactly
Bitcoin is far better than real-este:
- Easier to move.
- Easier to sell.
- Zero maintenance costs.
- Zero paperwork and approvals.
- No other people but you involved.
@@tovsteh Exactly
A single bitcoin is worth millions, but most people don't know it. That's why today is CHEAP
We are early!!!
When do you think price will match the value?
@@Loremips9966 it's going up forever, Laura!!
@@anakamoto that doesn't matter. Sp500 and real estate will go up forever too. We re talking about how much, not how long, to care more about it more than what we already have.
@Loremips9966 the ironic thing is that when BTC is fully adopted and its value is recognized universally, it will no longer be priced in dollars. The dollar will be essentially worthless. It will be a big shift in perception but at least you are thinking about it ahead of time.
The attraction to real estate is threefold: appreciation due to inflation, low cost borrowing leverage, and tax savings. All three are artificially created by government.
People don't factor in upkeep, interest paid on loans and insurance. Before factoring in anything dealing with a tenant if you are renting it out.
Whats great with BTC is that it might also start making real-estate more affordable and available for those who need them to live in, as investors start moving away from real-estate and into Bitcoin as a far more lucrative, affordable and easy store of value.
Easier to save for a down payment.
Not happening anytime soon
@@Ticonderoga12 I agree it will take a long time.
@tovsteh now if they let u sell ur property and do a 1031 into a BTC etf or let u self custody BTC with the profits from the sell then that wud free up alot of homes
I've listened to this twice!
I’ve listened to it 3 times
I'd be tickled to death to see it reach one million.
I love the casual slip mention of the multiverse
Cons begetting more cons.
gents, it´s not a bet, it's not gambling ...... it´s a promise!!!
If Bitcoin reaches full adoption, there will be a Lightning network payment option at McDonald's. But the thing about it is. Everyone would have to be more honest. Your financial history is out there
His problem wasn’t his real estate holdings, it was having his wife take 70% of his stuff in divorce.
😂
I liked the Schrodinger's Cat....
I'm more a dog person. Theres a 50% chance Schrodingers dog is wagging his tail
100X!!!! Means 67000 x 100 per coin? Almost 7 mil per coin? lol. Then I woke up.
You are thinking in dollars. Dollars will one day be recognized for pretty pieces of paper with no value. At some point there will be no amount of dollars you can trade for btc, you will only be able to trade your labor.
Its going to be a paradigm shift.
Companies are probably gonna be paying people in cryptocurrency soon, cash is literally worth 0 now
You must be HODLing crack.
100x would be $7M per coin and $147 TRILLION with 21M coins total. That is over 6 times the entire GDP of the United States. The entire planets GDP is $96T.
It can easily hit $7 million, it is digital gold, it will replace all value in global real estate and gold, when bonds collapse, it eats that away too. It will be worth far more than $147 trillion in the future. Far, FAR more.
Peter is dull. I don’t listen to him anymore. He stated a fact without context and used it to argue a point regarding inflation. He does no research he just says stuff
Let's hope Bitcoin doesn't 100x anytime soon. To do so it would have a market cap of over 150 trillion. For that to happen the entire US economy along with the entire stock market value would have to go to zero. It would require the absorption of everything. But to do so anything soon would be a total collapse of society, economy, and government as it would be impossible for the world to adjust and prepare quickly enough. Also, let's not forget the unimaginable amount of inflation it would cause. Your Bitcoin would be worth x but everything around you would cost a fortune making your Bitcoin's value a moot point.
Not if everything gets priced in BTC
@@stephenfarrell3024 And the chances of that are? 🤣 The US government would label Bitcoin a national security threat as it would guarantee US default on debt...
@Erizariff think new base layer, you would still have fiat.
Our government runs a massive deficit on interest uncomparable to any other in human history. There would need to be a complete restructuring of everything. The welfare system would be impossible. Many people would die. No more food stamps for those that need it. Our food supply chain would be significantly impacted. Federal Student loans would evaporate. Medicare/caid would cease to exist. The military would have to shrink significantly, exposing our national security. The deficit is massive. To balance would require incredible sacrifice. It would be a societal collapse for decades before things would stabilize. In the long run all of these things would be for the good, but not with great pain and a lot of death. I imagine Bitcoin would be made illegal under the banner of national security. The government would do anything to attempt to collapse and destroy Bitcoin. Though they would fail, it would certainly set Bitcoin back for awhile. the only reason why we enjoy the luxuries we do in the US is because we can print money indefinitely. Bitcoin isn't the first run of a monetary system that is "fixed" or backed by finite commodity. When you go back in history. The only time huge growth has ever happened in the human history books is when governments decided to print money/devalue currency at the cost of inflation on the people. Otherwise, history shows us a fixed sustainable currency comes at a cost of very slow societal growth. But because humans have a fixed lifespan, we have always opted for currency devaluation to accelerate growth.
@@stephenfarrell3024 If our government loses it's ability to print money / devalue currency would mean the end of many things that we have taken for granted. Medicare/caid. Big military. Food stamps. Student loans. Infrastructure spending. Loans would have to have huge interest rates which would lead to housing collapse, growth collapse for that matter as companies would be unable to grow at the rate they have since coming off the gold standard. If you look back in history, a run at a sustainable currency has been tried many times. Growth was never able to keep pace with population growth. Population growth has always been the catalyst to opting for a fiat currency. Without fiat currency the only way to sustain population growth required taking resources from someone else, which is why the world during those times was in a constant state of war and pillaging. Times of fiat currency has always been times of very little war in comparison. War only spiked during fiat when currency collapse accelerates towards the end of that currency. The Roman empire is a great study of these things. A Bitcoin standard would lead to the largest death rate / population reduction ever seen. But from those ashes would lead to a much better world, but not before much destruction.
EVERY crypto video:
COULD....SHOULD....MAYBE....POSSIBLY
Getting High on your own supply.... then acting a fool.
You DON'T HAVE TO BE LIKE THEM.
@organic723 are you recruiting for people interested in poverty? Call me crazy but I actually prefer to learn from people who are more knowledgeable and successful than me.