Schedule a consultation with our team to learn how to secure your bitcoin, and use promo code KEYS for $100 off a bitcoin IRA: unchained.com/consultation?
In the 5 years of studying bitcoin this is the best video I've seen explaining bitcoin. I loved the explanation of the current ponzi scheme as well. Everyone needs to watch this video
@ryanpatrick4920 The btc supply is only half the story. The other half is demand exactly just like every other market. That's fact not my opinion. Bitcoin has a supply set by mathematical code. When you company that supply with a demand that is driven by devaluation of the dollar its pretty easy to see that price will continue to go up. That's fact to because it's in the charts. When there is lots of liquidity btc performs very well which makes total sense. You know when I first starting learning about bitcoin I wasn't totally convinced it would succeed but it wasn't until I learnt about our current fiat ponzi system that give that light bulb moment that bitcoin is the solution to inflation. As for the stability, a lot of that is simply driven by people investing in btc and not understanding what they are investing in. Example when the price drops a little bit people freak out and sell but if they were simply educated in bitcoin and understood everything I just explained above then negative sentiment simply vanishes and you realise that's it not a matter of if but when and as long as that money printer goes burr bitcoin will grow and trust in dollar will fade. Just like any chance you have of bursting my bubble.
I disagree that that all other cryptocurrencies are scams. Tokens are supposed to give you platform incentives. As long as the blockchain or DLT is decentralized enough for the use case the then the protocol has value. I understand his premise though BTC is the main resource in the market point blank.
This presentation is nothing short of BRILLIANT!!! Parker explains BTC in a clear and calm manner, I’m saving this to show anyone who wants to understand BTC better and for good, can’t thank you enough sir!!!🙌🏽👏🔥🔥🔥
Money is NOT printed (only 3% of US currency exists in physical form) 97 % is Currency (electrons on a screen) The US dollar is Fiat Currency, backed by the "full faith and credit of the US government" Fiat means by order or decree, authorization or sanction - which means the government by FORCE mandates that you use the Dollar issued by the Privately Owned (non)federal (non)reserve (non) bank. What our wise and benevolent "public servants" directed by their Masters does to Bitcoin and crypto, who knows but John Lennon had a great quote on such a subject "Everything the government does, turns to shite, not gold" .....In GOD We Trust 🙂
I think this is what wrecked me. Confusing the two. Also tried to invest in shitcoins to buy btc eventually. That didn’t work as planned 😅. Now I’m a btc maxi after I understood the damn thing lol
For me, i think bitcoin will go back to $75k by the end of q4, then top $100k in 2025. We just have to be patient and ride the storm out. I bought some more SATs around $59k, hoping to sell when the market tops.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What’s the best approach for a newbie to navigate the market?
During bear markets, aim to 5x your portfolio by accumulating crypto and reinvest in dividend stocks & index funds. Consult a financial advisor for help. Since 2020, my $1.2m portfolio has averaged 28% annually.
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for spreading the word. I read "The Bitcoin Standard" and after that bought as much as i could. Very easy to understand. Nay sayers must be holding a position they are just dogmatically stuck to with no real reason.
I think I’ve watched this video about 100 times now and I learn sometime new every time, thanks Parker Lewis for broadening my perspective and understanding of the true fundamentals of bitcoin, and how it’s changing the word, Forever grateful.
I invested $2000 GBTC at $28, then again $3000 at $11 then $300 again at $20... it's currently at $26 and I'm up more then my 401k for the past 3years. The bitcoin cycle is grand!
I have many virtual mentors to thank for their work on Bitcoin, but Lewis Parker's content impacted me more than anything else. I'm now all in this beautiful new system where scarcity, transparency, and freedom reign.
I love how Parker starts by explaining where he's coming from and where bitcoin is going. "People cannot flee to the safety of something they don't understand" Man this is so good.
Amazing! The amount of precise facts Parker presented on Bitcoin is epic. Thx much! And yes, despite all the negativity about bitcoin, it's now over 34kUSD. Find anything that went from pennies to 34k$ in 12-13yrs? That's right not even gold!!!
A very good presentation! If only this could be televised to the world. I think we'd quickly go from maybe 0.5% Bitcoin adoption, to almost no Bitcoin being available on the open market. People would suck them up as quickly as they're mined.
@@WillD-jj9kg Exactly, the world cannot operate under deflationary currency. Nobody will want to use it. Everybody want to keep it. Economy will die, we'll go back to the dark ages. If the price of bitcoin goes up everyday, you will think twice before you'll buy bread for dinner, never mind invest in bonds, equity or real estate.
@pierregentilini4375 Yeah that's an interesting thought, it discourages economic activity. Whereas now everyone is trying to create value to outrun inflation
Finally, someone separating bitcoin and crypto. I've said this for years, bitcoin gets bad rep because the average person doesn't know the difference. There is bitcoin and there is shitcoins. End of.
Great speech! Just one suggestion: explain in a few sentences why only Bitcoin not crypto and also why much better than other things like gold. Bitcoiners know why but everyday people in the audience will be thinking why throughout the speech.
Yes, but he did not explain why. Pointing out in a few sentences the extreme difference compared to the "snake oil" like the immaculate conception, level of decentralization and network effect@@alexmiller6321
Mrs Ashley Bailey service is a talk of the town in North Holland Netherlands , I started with a little amount of 14k ETH, and she made huge returns, and I have been constantly investing with her
Tell her I referred you I can't hide her contact information from anyone who is interested in investing with her because she has really helped me a lot with my trade, today I am smiling
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Great speech. When you said am I too late and said you bought between 100-1000 you could point out that the debt has grown significantly since then as well so it’s basically the same price it’s just on a grander scale both in usd btc terms and in us debt terms.
Not a hedge. But it’s beaten inflation year on year since 2009. Has also been the fastest growing asset class since 2009. Outperforming stocks shares housing gold silver pretty much everything. All the other cryptos have very great use cases like solana working with visa to create faster cheaper transactions. Maybe even ticketmaster could use solana to print nft tickets that once used can be rare collectors items and resold. Blockchain itself is the future of the internet.
The anticipated rise in Bitcoin's value and its potential widespread adoption mark a transformative moment in the financial sector, driven by the expected approval of Bitcoin ETFs and increasing interest from nation-states. This shift indicates a significant influx of institutional investment into Bitcoin, positioning it as a crucial asset for wealth preservation and an alternative to traditional fiat currencies. For investors, this represents an opportunity to diversify portfolios and capitalize on the digital economy's growth,.....I've personally benefited from following Vivian Carol Gioia trading tactics, amassing 16 bitcoins in a short two-month period, which speaks volumes about her expertise.
@@Rachadrian Even when Bitcoin is looking bearish with the market sentiment swinging low. But she kept us grounded with her real analysis, just the facts in the charts.
What impresses me most about Vivian is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
30:20 "I don't raise the idea of hyperinflation to be fear mongering or to scare people, but if the government prints 5 trillion dollars and they're goona have to print way more than that, the reality is that humans cannot continue to be compensated for their finitely scarce time in a form of money that costs nothing to produce."
What always strucks me is when somebody talks about the price of Bitcoin in a video or book, like him saying $28,000 and a couple of month later this price is absolutly obliterated to the up side :D
I am trying to get my head around the limit on Bitcoin number and its infinite reducabilty into parts. It is virtual only...and can simply be subdivided (printed?) ad infinitum?
No. It cannot. Bitcoin's 21 million limit is enforced through common agreement between all of the participants in the network. Being a participant in the network means running your own Bitcoin node. Your node is the software that enforces the Bitcoin rules which includes the 21 million limit.
@@_brutalista But a bitcoin can be split and traded in Satoshis. And there is potential for the millisatoshi to become tradeable. Where is the limit when you can effectively print money in this way?
Bitcoin are lost if you lose your private keys. No one can move bitcoin without a private key. Hence, bitcoin are forever locked up on a specific wallet.
I invest with Mrs. Shana Bielich too, she charges a 10%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
As a first time investor I started trading with Mrs. Shana Bielich with just a thousand bucks. my portfolio is worth much more that now within 15 days of trading with her.
Great presentation. at 23:11 you noted we went from 52 trillion to 96 trillion today? how old is this data? I see the current total debt is at 102.8 Trillion as of 10/26/23.
If I divide something infinitely, it doesn’t change the value of the whole, it just changes the amount you can distribute. Think of a pizza split into 100,000,000 pieces. You still have a pizza, you can just share more of it.
as always.. he does not distinguish between bank reserves (which never leaves the banking system) and retail money (which we use).. "printing money" is a way more complex mechanism
It has to be dumbed down in a way for the general populace to understand and its not wrong. And bank reserves are literally nonexistent as its all in assets.
Absolutely true. The only think I would add is not only bitcoin, KASPA also, and perhaps in the future even better! So mr. Parker Lewis you better check it out as soon as posiblle for that start up project of yours and thank me later...
Fixed supply is a necessary but not sufficient condition for why Bitcoin has value. My toenails have a fixed supply but that doesn't make them valuable.
I understand that BTC is fundamentally a better form of currency than USD but I wish he could cover why he thinks people and governments would change the global reserve currency to BTC.
I think the idea that some have discussed (maybe it was Michael Saylor who talked about this?) is that they see it becoming sort of an arms race between nation states. Once several adopt BTC and others realize that Bitcoin isn't going away, it may be seen as a way to enrich their nations. Very appealing to poorer countries imo! Plus, even if it's a relatively wealthier nations, does any government really want to be the last adopter? Just like with individual and corporate adoption, we see the time/knowledge component Parker spoke of and there will be a tipping point. And even though Bitcoin is the enemy of fiat and there doesn't seem to be much incentive for nation states to undermine their own printing power, eventually their hands will be forced (peacefully!) and they'll finally recognize Bitcoin as an unstoppable force of nature. As the saying goes, "if you can't beat them, join them." UAE is now mining Bitcoin, which is exactly what some predicted. Watch them massively increase their wealth and for other governments to realize they need to compete! Governments will not only mine to hold BTC and increase wealth, but also because they'll fear any other single nation controlling too much of the hashing power and that they need to fight to control a certain percentage.
It's better money, everything else is inferior. Greshams Law states that good and bad money cannot live together. Bitcoin will push out anything else. It's inevitable.
Great educational video in terms of fundamental economics in today’s QE world. However, for some new people in the Bitcoin space, it would’ve been great to cover a bit more about the fundamentals..the core developers, miners, consensus, about the fact that it is permissionless open architecture value transfer system in which you can escape to, and about where it might derive its value the most in the future.
With respect to interest rates and QE, the timeline you are looking at in that chart is too short. 40 year cycle is interest rates down. Previous 40 year cycle was interest rates up. We are starting a new cycle, rates are up from here for a long long time.
According to researchers at the University of Sussex, a quantum computer with 1.9 billion qubits of processing power would be needed to break into the Bitcoin network within 10 minutes. This would require hackers to deploy millions of quantum computers, a scenario that is highly unlikely for the foreseeable future
"There is a reality that human beings cannot continue to be continue to be compensated for their finitely scarce time, in a form of money that costs nothing to be produced." When this clicks for you, you will begin to open your mind to what bitcoin is.
Wow...."...they're not trading like day trading degenerates..." @ 14:06?????!!😬OUCH!!!!...FYI...I am not any type of trader at all but was a little stunned he said that....
The recent uptick in Bitcoin's value marks a significant moment in the cryptocurrency market, indicating not just a temporary spike but the onset of a potentially larger trend. This positive trajectory reflects growing investor confidence and suggests a broader shift toward global cryptocurrency acceptance. The movement presents a prime opportunity for investors, especially day traders, to capitalize on Bitcoin's bullish momentum, highlighting the importance of strategic investment during such pivotal market trends.
Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $900k after subsequent investments
I have been working with “NICOLE DESIREE SIMON” whose expertise in portfolio diversification is unsurpassed and client-focused, I have made more profits with her guidance than I ever did when I tried navigating the markets on my own.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
3:47 Too bad Bitcoins protocol was unable to create/incentivize a ledger of digital bearers assets. Animals were good long term stores of value because of the interest or offspring that could come to bear. Crypto has created something comparable, Bitcoin didn't. Its native asset is as unproductive as physical gold held outside of a lending institution.
@@ashley8774 With how thorough Mr. Lewis sounds, he should have mentioned BTC limitations and state there's a solution. He has put in good work into this presentation but not acknowledging this limitation makes him sound like a salesman. Pitching everything good.
@@blivak8230 well, there's a solution called Lightning Network. You just have to research. It's not that hard to find it if you search because it's not something from 1-2 years ago but it started between 2017-18.
Question: If Grayscale's GBTC is going to become a spot bitcoin ETF and automatically convert everyone who owns GBTC (getting rid of the discount), would it be a great investment now? Even better than actual Bitcoin? And better than waiting for Blackrock's spot bitcoin ETF? Please respond. Thank you!
Some perspective: bitcoin will never be money. It is not transactable. Bitcoin can do 4-6 transactions a second while Visa does about 65,000....so no, it will never be money.
Islam strongly forbids dealing with interest. Bitcoin is an interest free system by its design and it looks to be the most economically sound form of money. Coincidence? I think not. That's not to say people haven't used bitcoin with interest schemes like yield, but all that falls apart eventually.
Schedule a consultation with our team to learn how to secure your bitcoin, and use promo code KEYS for $100 off a bitcoin IRA: unchained.com/consultation?
One of the best presentations on Bitcoin that I've ever watched. Great job!
Watch Michael sailor
Michael Saylor is good also
There are a lot of false claims in this talk. Beware
@@MildlyCurious Explain your reasoning then
@@MildlyCurious………….we’re waiting.
In the 5 years of studying bitcoin this is the best video I've seen explaining bitcoin. I loved the explanation of the current ponzi scheme as well. Everyone needs to watch this video
@ryanpatrick4920 The btc supply is only half the story. The other half is demand exactly just like every other market. That's fact not my opinion. Bitcoin has a supply set by mathematical code. When you company that supply with a demand that is driven by devaluation of the dollar its pretty easy to see that price will continue to go up. That's fact to because it's in the charts. When there is lots of liquidity btc performs very well which makes total sense. You know when I first starting learning about bitcoin I wasn't totally convinced it would succeed but it wasn't until I learnt about our current fiat ponzi system that give that light bulb moment that bitcoin is the solution to inflation.
As for the stability, a lot of that is simply driven by people investing in btc and not understanding what they are investing in. Example when the price drops a little bit people freak out and sell but if they were simply educated in bitcoin and understood everything I just explained above then negative sentiment simply vanishes and you realise that's it not a matter of if but when and as long as that money printer goes burr bitcoin will grow and trust in dollar will fade. Just like any chance you have of bursting my bubble.
😂😂😂😂😂
This is Gold! Sorry, I mean this is BITCOIN!
It's plane , it's a bird , it's BITCORN. The biggest meme ever sold to normies.
ETH is Web 3's, Amazon. Enough said.
@@taccntb4345 cringe
I disagree that that all other cryptocurrencies are scams. Tokens are supposed to give you platform incentives. As long as the blockchain or DLT is decentralized enough for the use case the then the protocol has value.
I understand his premise though BTC is the main resource in the market point blank.
@@journeytothevoid2899 what is decentralised enough?
@@deepshallows You're afraid.
This presentation is nothing short of BRILLIANT!!! Parker explains BTC in a clear and calm manner, I’m saving this to show anyone who wants to understand BTC better and for good, can’t thank you enough sir!!!🙌🏽👏🔥🔥🔥
Money is NOT printed (only 3% of US currency exists in physical form) 97 % is Currency (electrons on a screen) The US dollar is Fiat Currency, backed by the "full faith and credit of the US government" Fiat means by order or decree, authorization or sanction - which means the government by FORCE mandates that you use the Dollar issued by the Privately Owned (non)federal (non)reserve (non) bank. What our wise and benevolent "public servants" directed by their Masters does to Bitcoin and crypto, who knows but John Lennon had a great quote on such a subject "Everything the government does, turns to shite, not gold" .....In GOD We Trust 🙂
"When I say bitcoin, I'm not referring to crypto. I'm referring to only bitcoin." haha, nailed it.
haha....what an azzhol....
I think this is what wrecked me. Confusing the two. Also tried to invest in shitcoins to buy btc eventually. That didn’t work as planned 😅. Now I’m a btc maxi after I understood the damn thing lol
For me, i think bitcoin will go back to $75k by the end of q4, then top $100k in 2025. We just have to be patient and ride the storm out. I bought some more SATs around $59k, hoping to sell when the market tops.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What’s the best approach for a newbie to navigate the market?
During bear markets, aim to 5x your portfolio by accumulating crypto and reinvest in dividend stocks & index funds. Consult a financial advisor for help. Since 2020, my $1.2m portfolio has averaged 28% annually.
This is very insightful. Hope you don't mind me asking you to recommend your advisor?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Thanks for spreading the word. I read "The Bitcoin Standard" and after that bought as much as i could. Very easy to understand. Nay sayers must be holding a position they are just dogmatically stuck to with no real reason.
Parker Lewis can't lose!
I think I’ve watched this video about 100 times now and I learn sometime new every time, thanks Parker Lewis for broadening my perspective and understanding of the true fundamentals of bitcoin, and how it’s changing the word, Forever grateful.
Incredible presentation. Keep up the great work Parker, and thank you Unchained for sharing.
I invested $2000 GBTC at $28, then again $3000 at $11 then $300 again at $20... it's currently at $26 and I'm up more then my 401k for the past 3years. The bitcoin cycle is grand!
I made $200k selling herbalife products
GBTC is not BTC
GBTC is just like buying paper gold. You don't own it
@@jubyerhashin8214neat. Have fun being confused by and never educating yourself on what money actually is
I don't own gbtc but I can take profits on borrowed bitcoin. I'm aware. It's simply 401k opportunity.
I have many virtual mentors to thank for their work on Bitcoin, but Lewis Parker's content impacted me more than anything else. I'm now all in this beautiful new system where scarcity, transparency, and freedom reign.
True bitcoin is not an Hedge! Its the future!
Bitcoin is not an hedge, it is an edge!
For the rich corporations
I love how Parker starts by explaining where he's coming from and where bitcoin is going.
"People cannot flee to the safety of something they don't understand"
Man this is so good.
This is an elite presentation
agreed!
Love the perspective - it’s the solution rather than a hedge.
Amazing! The amount of precise facts Parker presented on Bitcoin is epic. Thx much! And yes, despite all the negativity about bitcoin, it's now over 34kUSD. Find anything that went from pennies to 34k$ in 12-13yrs? That's right not even gold!!!
$64,821 on October 14, 2024. Let's check back in 4 years.
Such a good presentation !! Anyone who doesn't understand the value of Bitcoin at the end of this presentation will likely never understand it
min 22:08: this is not the full picture since there are also hedges for these positions..
where can I find a pdf version of this presentation or online version? thanks
A very good presentation! If only this could be televised to the world. I think we'd quickly go from maybe 0.5% Bitcoin adoption, to almost no Bitcoin being available on the open market. People would suck them up as quickly as they're mined.
Sounds like a terrible currency
@@WillD-jj9kg Exactly, the world cannot operate under deflationary currency. Nobody will want to use it. Everybody want to keep it.
Economy will die, we'll go back to the dark ages. If the price of bitcoin goes up everyday, you will think twice before you'll buy bread for dinner, never mind invest in bonds, equity or real estate.
@pierregentilini4375 Yeah that's an interesting thought, it discourages economic activity. Whereas now everyone is trying to create value to outrun inflation
Finally, someone separating bitcoin and crypto. I've said this for years, bitcoin gets bad rep because the average person doesn't know the difference. There is bitcoin and there is shitcoins. End of.
Bitcoin has had 2 inflation bugs. One resulted in 184 billion BTC being minted. End of.
also, apart from halving, fixed supply, adoption.. one other very crucial factor is lost wallets
As time goes on, more and more of them will be lost.
Fantastic Presentation by Parker Lewis.
Parker Lewis Can't Lose
Great presentation. A strong case to own BTC.
I'm looking forward to your next video; keep up the great work!
What date was this presentation
Totally supported my case for investing in Bitcoin for the 2024 halving 🤓👍
Great speech! Just one suggestion: explain in a few sentences why only Bitcoin not crypto and also why much better than other things like gold. Bitcoiners know why but everyday people in the audience will be thinking why throughout the speech.
I think he touches on that at the beginning 3:17
Yes, but he did not explain why. Pointing out in a few sentences the extreme difference compared to the "snake oil" like the immaculate conception, level of decentralization and network effect@@alexmiller6321
@ryanpatrick4920 "If you don't believe me or don't get it, I don't have time to try to convince you, sorry." Satoshi Nakamoto
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
How please? Am a newbie in crypto investment, please can you guide me through on how you made
Mrs Ashley Bailey service is a talk of the town in North Holland Netherlands , I started with a little amount of 14k ETH, and she made huge returns, and I have been constantly investing with her
she often interacts on Telegrams, using the user below
@Ashleybailey12
That's it..
Tell her I referred you
I can't hide her contact information from anyone who is interested in investing with her because she has really helped me a lot with my trade, today I am smiling
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
@@Joycemary4766Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MRS JANET
Here in Texas Expert Mrs Janet carries out the both orientation and mentorship
potentials
I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days
Great speech. When you said am I too late and said you bought between 100-1000 you could point out that the debt has grown significantly since then as well so it’s basically the same price it’s just on a grander scale both in usd btc terms and in us debt terms.
This is how you shill Bitcoin without shilling Bitcoin
Thank you. Best talk I've seen in a long time. BTC is pure logic.
Not a hedge. But it’s beaten inflation year on year since 2009. Has also been the fastest growing asset class since 2009. Outperforming stocks shares housing gold silver pretty much everything. All the other cryptos have very great use cases like solana working with visa to create faster cheaper transactions. Maybe even ticketmaster could use solana to print nft tickets that once used can be rare collectors items and resold. Blockchain itself is the future of the internet.
Why not also include the Q&A
The anticipated rise in Bitcoin's value and its potential widespread adoption mark a transformative moment in the financial sector, driven by the expected approval of Bitcoin ETFs and increasing interest from nation-states. This shift indicates a significant influx of institutional investment into Bitcoin, positioning it as a crucial asset for wealth preservation and an alternative to traditional fiat currencies. For investors, this represents an opportunity to diversify portfolios and capitalize on the digital economy's growth,.....I've personally benefited from following Vivian Carol Gioia trading tactics, amassing 16 bitcoins in a short two-month period, which speaks volumes about her expertise.
We can all learn a thing or two from Vivian, her profit making skills is phenomenon. Thanks to her I'm making more profit and getting rich.
@@Rachadrian Even when Bitcoin is looking bearish with the market sentiment swinging low. But she kept us grounded with her real analysis, just the facts in the charts.
What impresses me most about Vivian is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
30:20 "I don't raise the idea of hyperinflation to be fear mongering or to scare people, but if the government prints 5 trillion dollars and they're goona have to print way more than that, the reality is that humans cannot continue to be compensated for their finitely scarce time in a form of money that costs nothing to produce."
Absolutely brilliant presentation.
What an amazing presentation on Bitcoin. Must listen
1 bitcoin = 100 million satoshi. Study Bitcoin bro.
What always strucks me is when somebody talks about the price of Bitcoin in a video or book, like him saying $28,000 and a couple of month later this price is absolutly obliterated to the up side :D
$64,853 BTC price on 10.14.24. Let's come back in 4 years and check the price in October 2028.
@@LaVidaLocaHomie Haha nice 👍🏻 I forgot about my comment 🧡
Any chance of hearing the questions and answers from the audience please?
I am trying to get my head around the limit on Bitcoin number and its infinite reducabilty into parts. It is virtual only...and can simply be subdivided (printed?) ad infinitum?
No. It cannot. Bitcoin's 21 million limit is enforced through common agreement between all of the participants in the network.
Being a participant in the network means running your own Bitcoin node. Your node is the software that enforces the Bitcoin rules which includes the 21 million limit.
@@_brutalista But a bitcoin can be split and traded in Satoshis. And there is potential for the millisatoshi to become tradeable. Where is the limit when you can effectively print money in this way?
When you say “ lost bitcoin “ are you saying gone for ever ? Or did someone get them ?
Bitcoin are lost if you lose your private keys. No one can move bitcoin without a private key. Hence, bitcoin are forever locked up on a specific wallet.
So how do I use BTC in a powercut?
Wow...great presentation! Looking forward to reading Parker's book.
My mum and I consistently earn massively on our investment. Curtsy to Mrs Shana Bielich, her set skills are amazing.
Wow.. amazing to see others who trade with Mrs. Shana Bielich, i'm currently on my 5th trade with her and my portfolio has grown tremendously.
I invest with Mrs. Shana Bielich too, she charges a 10%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
As a first time investor I started trading with Mrs. Shana Bielich with just a thousand bucks. my portfolio is worth much more that now within 15 days of trading with her.
Instagrams
Shanabielichtrading
Parker Lewis Can’t Lose
Parker is the GOAT.
how insightful! make me more confident about the future, and there would be more and more people agreeing with us
Please also address how governments in other countries have banned ownership of Bitcoin
Fantastic presentation, Parker. #Respect, signed btc maximalist (so you were preaching to the choir with respect to me)
Great presentation. at 23:11 you noted we went from 52 trillion to 96 trillion today? how old is this data? I see the current total debt is at 102.8 Trillion as of 10/26/23.
I think this might be the greatest video I've ever watched about bitcoin.
It's not a hedge. It's THE hedge.
The definition of snake oil, there is nothing finite about something infinitely divisible, and a good portion of rich is lost forever
Bitcoin is hope. Seeing that you make your money from fear mongering, I’m not surprised that you don’t get it
If I divide something infinitely, it doesn’t change the value of the whole, it just changes the amount you can distribute. Think of a pizza split into 100,000,000 pieces. You still have a pizza, you can just share more of it.
There is nothing finite about human stupidity.
Why is this not available on the Unchained Capital, The Bitcoin Frontier podcast?
as always.. he does not distinguish between bank reserves (which never leaves the banking system) and retail money (which we use).. "printing money" is a way more complex mechanism
It has to be dumbed down in a way for the general populace to understand and its not wrong. And bank reserves are literally nonexistent as its all in assets.
love this video and love the talking point bitcoin is not crypto, totally agree
Absolutely true. The only think I would add is not only bitcoin, KASPA also, and perhaps in the future even better! So mr. Parker Lewis you better check it out as soon as posiblle for that start up project of yours and thank me later...
Fixed supply is a necessary but not sufficient condition for why Bitcoin has value. My toenails have a fixed supply but that doesn't make them valuable.
I understand that BTC is fundamentally a better form of currency than USD but I wish he could cover why he thinks people and governments would change the global reserve currency to BTC.
I think the idea that some have discussed (maybe it was Michael Saylor who talked about this?) is that they see it becoming sort of an arms race between nation states. Once several adopt BTC and others realize that Bitcoin isn't going away, it may be seen as a way to enrich their nations. Very appealing to poorer countries imo! Plus, even if it's a relatively wealthier nations, does any government really want to be the last adopter? Just like with individual and corporate adoption, we see the time/knowledge component Parker spoke of and there will be a tipping point. And even though Bitcoin is the enemy of fiat and there doesn't seem to be much incentive for nation states to undermine their own printing power, eventually their hands will be forced (peacefully!) and they'll finally recognize Bitcoin as an unstoppable force of nature. As the saying goes, "if you can't beat them, join them." UAE is now mining Bitcoin, which is exactly what some predicted. Watch them massively increase their wealth and for other governments to realize they need to compete! Governments will not only mine to hold BTC and increase wealth, but also because they'll fear any other single nation controlling too much of the hashing power and that they need to fight to control a certain percentage.
It's better money, everything else is inferior. Greshams Law states that good and bad money cannot live together. Bitcoin will push out anything else. It's inevitable.
Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Web3 Infinity.
Parker is the MAN
Great talk👌. What you’re missing is, there are only 14 mio BTC, the rest has been lost. That changes the whole calculation.
Fantastic and generous video post, THANK YOU all the way from South America
Excellent!
This is why I like BTC🔥
Amazing speech!!!! I will send this to al my friends and family! Thank you so much!
great video and presentation, thanks
Well presented!!!
Excellent talk, I look forward to reading your book.
Great educational video in terms of fundamental economics in today’s QE world. However, for some new people in the Bitcoin space, it would’ve been great to cover a bit more about the fundamentals..the core developers, miners, consensus, about the fact that it is permissionless open architecture value transfer system in which you can escape to, and about where it might derive its value the most in the future.
He was talking to a room of people who are generally not in the bitcoin space.
Excellent video! Thank you Parker.
Your son change my whole life, im a 31 years old white male from Canada and I got lyrics of Tupac tattoo on me. Tupac impacted so many people!
Brilliant presentation
Parker provides a wonderful overview of hard money and how innovation via Bitcoin gives humanity the knowledge to build better economic systems.
With respect to interest rates and QE, the timeline you are looking at in that chart is too short. 40 year cycle is interest rates down. Previous 40 year cycle was interest rates up. We are starting a new cycle, rates are up from here for a long long time.
Sold at 50k bought back at 20k so in essence I used it wrong but in the end I made more bitcoin
This video is gold! I mean, this video is Bitcoin
Best presentation ever on BTC
According to researchers at the University of Sussex, a quantum computer with 1.9 billion qubits of processing power would be needed to break into the Bitcoin network within 10 minutes. This would require hackers to deploy millions of quantum computers, a scenario that is highly unlikely for the foreseeable future
Bitcoin is prepared to be made quantum resistant.
And by then, Bitcoin will have upgraded to a quantum resistant algorithm
@@mikatucan you prove it?
Before this happens a lot of the Internet unravels first. Bitcoin is future-proof.
Great video! Loved it. One sharp dude for sure.
"There is a reality that human beings cannot continue to be continue to be compensated for their finitely scarce time, in a form of money that costs nothing to be produced."
When this clicks for you, you will begin to open your mind to what bitcoin is.
Wow...."...they're not trading like day trading degenerates..." @ 14:06?????!!😬OUCH!!!!...FYI...I am not any type of trader at all but was a little stunned he said that....
The recent uptick in Bitcoin's value marks a significant moment in the cryptocurrency market, indicating not just a temporary spike but the onset of a potentially larger trend. This positive trajectory reflects growing investor confidence and suggests a broader shift toward global cryptocurrency acceptance. The movement presents a prime opportunity for investors, especially day traders, to capitalize on Bitcoin's bullish momentum, highlighting the importance of strategic investment during such pivotal market trends.
Bitcoin is still pumping everyday and I also believe Bitcoin is the future.. Y'all stay invested in BTC
Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $900k after subsequent investments
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
I have been working with “NICOLE DESIREE SIMON” whose expertise in portfolio diversification is unsurpassed and client-focused, I have made more profits with her guidance than I ever did when I tried navigating the markets on my own.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Awesome presentation.
We cannot unsee Bitcoin!!
Exactly, the more you study it, the more you realise what will happen.
Parker Lewis can’t lose!!!
3:47 Too bad Bitcoins protocol was unable to create/incentivize a ledger of digital bearers assets. Animals were good long term stores of value because of the interest or offspring that could come to bear. Crypto has created something comparable, Bitcoin didn't. Its native asset is as unproductive as physical gold held outside of a lending institution.
BTC still has it's limitations; transactions per second. How will it scale if products and services are priced in BTC like you suggested?
With second layer solutions such as the lightning network
@@ashley8774 With how thorough Mr. Lewis sounds, he should have mentioned BTC limitations and state there's a solution.
He has put in good work into this presentation but not acknowledging this limitation makes him sound like a salesman.
Pitching everything good.
@@blivak8230 well, there's a solution called Lightning Network. You just have to research. It's not that hard to find it if you search because it's not something from 1-2 years ago but it started between 2017-18.
You don't understand the Lightning Network, apparently. He had a solide on it.
he mentioned the lightning network if im not mistaken@@blivak8230
Once you see it, you can't unsee it! Exactly! Great presentation.
Fantastic presentation
Question: If Grayscale's GBTC is going to become a spot bitcoin ETF and automatically convert everyone who owns GBTC (getting rid of the discount), would it be a great investment now? Even better than actual Bitcoin? And better than waiting for Blackrock's spot bitcoin ETF? Please respond. Thank you!
Some perspective: bitcoin will never be money. It is not transactable. Bitcoin can do 4-6 transactions a second while Visa does about 65,000....so no, it will never be money.
Great speech
Islam strongly forbids dealing with interest. Bitcoin is an interest free system by its design and it looks to be the most economically sound form of money. Coincidence? I think not. That's not to say people haven't used bitcoin with interest schemes like yield, but all that falls apart eventually.
Well we do know that Parker Lewis can't lose
For me, participation in the Web3 Infinity Token presale altered everything. Assemble the movement!