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- เผยแพร่เมื่อ 29 เม.ย. 2024
- At Dallas' world-class business campus, Old Parkland, Parker Lewis explained why bitcoin is the ultimate solution to monetary inflation, how bitcoin adoption occurs over time, and why bitcoin is the greatest asymmetric opportunity today.
Schedule a consultation with our team to learn how to secure your #bitcoin the right way, and use promo code KEYS for $100 off a bitcoin IRA: unchained.com/consultation?ut...
Watch the Q&A: • Q&A with Parker Lewis ...
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00:00:00 Intro
00:01:17 Bitcoin is not a hedge
00:02:34 Bitcoin is not crypto
00:05:10 Bitcoin is the ultimate solution to inflation, not a hedge
00:16:10 The halving is not priced in
00:18:57 Printing money is inevitable
00:28:25 Bitcoin is the greatest asymmetry
WHERE TO FOLLOW US:
→ Unchained Twitter: / unchainedcom
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→ Unchained Newsletter: unchained.com/newsletter
→ Parker Lewis’s Twitter: / parkeralewis - วิทยาศาสตร์และเทคโนโลยี
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?
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 hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.
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
I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.
@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.
"When I say bitcoin, I'm not referring to crypto. I'm referring to only bitcoin." haha, nailed it.
I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or death of the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that are accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.
haha....what an azzhol....
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.
@@Elkemartin213 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.
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.
Incredible presentation. Keep up the great work Parker, and thank you Unchained for sharing.
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.
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.
where can I find a pdf version of this presentation or online version? thanks
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
Please educate me, l've come across this name before and Now I'm interested, how can I connect with her?
she often interacts on Telegrams, using the user below
@Ashleybailey12
That's it..
Wow...great presentation! Looking forward to reading Parker's book.
Fantastic Presentation by Parker Lewis.
Parker Lewis Can't Lose
Fantastic and generous video post, THANK YOU all the way from South America
thank you for the very informative presentation
also, apart from halving, fixed supply, adoption.. one other very crucial factor is lost wallets
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!!!
I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or death of the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that are accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.
how insightful! make me more confident about the future, and there would be more and more people agreeing with us
Any chance of hearing the questions and answers from the audience please?
Parker Lewis can't lose!
Fantastic presentation, Parker. #Respect, signed btc maximalist (so you were preaching to the choir with respect to me)
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.
This is not the first time i am hearing of Mrs. Shana Bielich and her exploits in the trading world but i have no idea how to reach her.
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
min 22:08: this is not the full picture since there are also hedges for these positions..
Absolutely brilliant presentation.
What date was this presentation
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
Why is this not available on the Unchained Capital, The Bitcoin Frontier podcast?
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.
love this video and love the talking point bitcoin is not crypto, totally agree
Excellent talk, I look forward to reading your book.
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.
Totally supported my case for investing in Bitcoin for the 2024 halving 🤓👍
Best presentation ever on BTC
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.
Parker is the MAN
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
I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or death of the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that are accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.
@@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
Thank you. Best talk I've seen in a long time. BTC is pure logic.
Great informative video!
Fantastic presentation
Brilliant presentation
When you say “ lost bitcoin “ are you saying gone for ever ? Or did someone get them ?
This is how you shill Bitcoin without shilling Bitcoin
So how do I use BTC in a powercut?
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 oblitareted to the up side :D
Excelente!
great video and presentation, thanks
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.
Parker provides a wonderful overview of hard money and how innovation via Bitcoin gives humanity the knowledge to build better economic systems.
This is an elite presentation
agreed!
What an amazing presentation on Bitcoin. Must listen
I hate to burst your bubble, but having a cap on supply does not grant BTC its value. After 15 years it still lacks utility and stability. If lack of supply were all that's needed, it would go up in value each and every day as more cryptoclowns lose possession of their BTC holding through death or person or death of the device it is held on. Those BTC that have not moved in years are lost forever and cannot be recovered, therefore there are probably only about 12 million that are accessible enough to circulate, and at the average value that BTC has had over the past 5 years, it does not have the overall value/market cap to sustain a small city, let alone a global economy.
1 bitcoin = 100 million satoshi. Study Bitcoin bro.
and 100 million satoshi still equals 1 bitcoin. That does not change the fact that half of the BTC are lost forever, along with what they used to be able to divide into. That is dead BTC that required actually resource to create, and that cannot be redeemed for real and useful currency. Even though BTC market cap can pretend that the value of those coins still exist, the former braindead holders cannot make that same claim. Here is a study for you, go see how much it costs (in fiat dollar) to mine one bitcoin? It does not deviate much from the value, and that is important to understand. @@StudyBitcoin_Aditya
10 of 10 charts, and graphs
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.
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.
True bitcoin is not an Hedge! Its the future!
Bitcoin is not an hedge, it is an edge!
For the rich corporations
Excellent video! Thank you Parker.
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?
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...
Great talk👌. What you’re missing is, there are only 14 mio BTC, the rest has been lost. That changes the whole calculation.
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.
He had a great tv show in the 90s, the legendary Parker Lewis Can't Lose....hope that applies to Bitcoin also ☺
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
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Janet
Wow I'm just shock you mentioned and recommended Expert Mrs Janet,I thought I'm the only trading with her
YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MRS JANET
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.
Awesome presentation.
Parker's a boss
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.
Sold at 50k bought back at 20k so in essence I used it wrong but in the end I made more bitcoin
"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.
Amazing speech!!!! I will send this to al my friends and family! Thank you so much!
Very good explanation, suggestion: the date this was recorded would be super helpful to your entire audience. I can figure it out, 6 months prior to halving, but not easy for newbies.
His first slide says “October 2023” so that’s pretty self explanatory.
Sats goes Out 🧡
Please also address how governments in other countries have banned ownership of Bitcoin
simply brilliant
Brilliant
Remember the show Parker Lewis? It used to be super popular in France when I was a kid. I think the show is about that guys age
This is brilliant. 🧡⚡
No way that Bitcoin be used as daily currency it is way too scarce
24:17 that graph!!! 💀💀💀
It's not a hedge. It's THE hedge.
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!
What is the incentive to miners when every four years the rewards get halved?
The transaction fees on the blockchain and bitcoin increase in value. Some miners will go bankrupt though .
Brilliant Parker!
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.
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!
I think gold is still the best store of value. With quantum computing being able to crack just about any encryption its going to be very hard to have a secure digital asset.
Gold cannot be sent at the speed of light to opposite corners of the earth
you're in the middle age buddy
@@bigdigg12 also gold is the analog, Bitcoin is the digital.
Walkman < iPod
Sears < Amazon
Blockbuster < Netflix
Yellow pages < Google
We’re in the digital age and you’re still holding on to shiny rocks 🤣
yes I do.@@romellolacy
What about coins that have an even more fixed supply? Like NETA and YFI ?
I now need to hear the argument over whether inflation needs a solution? There is a belief that if global moneys were all deflationary then production would decrease, debt would be used less, people would not spend due the expectation that their dollar now is worth less than their dollar later, so why spend it? This side needs to be steelmanned, because the structure of all economies would completely change in a drastic way if inflation was 'solved' and it needs to be discussed how this will all work.
well that is what Milton Friedman claimed and thus we should have a 3 percent yearly inflation
Well we do know that Parker Lewis can't lose
Has anyone heard of the tulip mania?
Money needs to be stable. With the new ETF being approved this will create even higher swings (all controlled by hedge funds). Good luck people
Most likely the opposite. The high swings are due to low liquidity. With ETFs, and potential 10x liquidity (buy and sell volume), I reckon the big swings will finally be over.
@@softizenwhat r the coons do u expecting will proform in the upcoming bull run
One of the best.
Great video! Loved it. One sharp dude for sure.
This was amazing
why bitcoin and not gold again, as it was in past?
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
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.
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."
I'm curious about the paper bitcoin people are fearing will dilute the 21 million you speak of. It's like AMC. Many more shares were trading than actually existed. Anyway, this is a possibility with the spot Etfs I've heard.
Excellent overview.