Why Bitcoin Will Eat Into ALL Other Asset Classes
In this video, I'll be explaining why I believe that Bitcoin will eat into the value of ALL other asset classes including the likes of equities, property, and even things like fine art!
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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My video is at DLive
When you mentioned 2% inflation rate, it really just made me laugh. These idiots live in a diferent world. Just recently my friend’s rent, which is regulated, was raised by 11% after two years. Before that, it was about 3% each year. It makes it 5.5% inflation rate based on this rent increase. I see it everywhere. Fortunately for me I bought a house in 2012 with fixed very low rate. Since it’s fixed rate, it can’t increase. I haven’t seen much of an increase so far in my property taxes nor my insurance, but this is just a matter of time when it happens. And that is just a beginning. I believe thanks to all this unlimited and irresponsible money printing regular people are being robbed due to inflation just like you mentioned. That’s why bitcoin was created at first, and that’s why most people realize bitcoin is anti inflationary asset or whatever it’s called, at the end there is no doubt about it being the exact opposite of inflation. I do like to be diversified. I hold physical gold, property, crypto of course and fiat, which we need, even though I don’t belive fiat is an investment. If we have the bottom in and we are in for long sideways move I’m all set. If we go lower I will add to my portfolio. If we head higher and new bull run has just started, I’m happy. In my mind no matter what, it’s always a win win situation.
BTW: I’m glad you didn’t fall 😆!
I have never really thought of from this perspective. Let me put this in words. The rich are already using very expensive real estate and valuable paintings as a store of value, rather than in fiat. Once this kind of money finds its way to Bitcoin not for 'speculative profits' but rather due to the fact it is sound money. The inflation doesn't affect it the way it does to fiat and it makes Bitcoin a far more efficient store of value.
So that gives Bitcoin the best kind of boost and its market cap increases .............now if that can happen. If the bitcoin was to hold only one percent of the worlds wealth (including real estate, stock market assets, bonds, bullion, fiat, etc.) then the value of a sigle bitcoin could be in tens of millions of dollars.
As of now I believe that Bitcoin has a potential for a million dollar touch down and probably over next five years. It probably won't stay there for long but it will go back up again as usual. The stability wont arrive anytime soon or until its usage as a legal tender.
Now for it to affect the world markets even 1 percent the value of single coin moves far beyond a million. For that to happen we need time and in a decade there is a very real possibility of bitcoin being surpassed by another crypto, however small it might be.
I think bitcoin alone can't do it in the next few years but combined with other crypto assets it might be possible, Even then it would be a dent. A decade down the line that dent might be a crater but decade is a long time here........
Bitcoin is controlled by a decentralized network of computers with a set of rules that are democratically agreed to by the individuals/companies that provide the computing power for said network. Each coin doesn’t exist physically, but instead sits as a balance on an enormous public ledger in the cloud that (along with all transactions) is verified by this decentralized computing power.
Notably, this makes it an alternative to central bank controlled money, although following the abolition of the gold standard, “normal” money generally has no underlying asset either.
Bitquin is a very powerful coin that is impossible to fall
Really very distinctive explanation and a great video well done
You are a very special investor
I always take your advice
Given the uncertainty of the continued inflated fiat currencies, many will flock to alternative store of value to preserve their capital. Given the limited supply that BTC will have and the low fees associated with storing it, demand will definitely increase and eat into to the global wealth market share.
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That's a hopeful news. I think the future of bitcoin has begun. Its high time to invest. Thanks for sharing.
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You may be onto something. At least Bitcoin and other cryptocurrencies will probably eat into those assets that are considered to be stores of value as in gold and silver, for example. I don't think the cost of housing will go down very much. Not many areas have speculators buying up property there. On such place is Vancouver, BC, Canada. A normal house costs over a million CAD in Greater Vancouver which makes it very difficult for the average young person to buy even a starter home.
When I last visited England a year ago, I couldn't help but notice that in Greater London a lot of the buildings except for the moneyed parts of Central London seemed to be in worse shape at least externally than where you live. A lot of the houses we saw in small towns near London had a lot houses that looked as if they were badly in need of repair. Could it be that the very high cost of housing in London is making it difficult for people to afford the much needed repairs? Cardiff, on the other hand, looks fine in comparison. I know a Welsh guy (he lives in the south, too) whose friends were selling their house. The asking price looked pretty much similar to what we are used to for similar pieces of property in the south of Finland (Helsinki is much higher, though). (This is perhaps a bit off topic but you did make a video of property as investment a few weeks ago. The topic of this video ties into property values as well.)