How do you value Bitcoin? How do you value Gold? Both are non-producing assets - there is no "cash flow". Essentially you have to depend on the demand and the market itself to justify their prices. With stocks, businesses, real estate, or other producing assets, you don't have to rely on the market itself to the same extent. Their underlying earning power is what gives them their value. You can buy them at appropriate prices and be content with what they produce. There will always be willing buyers of productive assets, because of their underlying earning power or "cash flow". An asset producing $1000 a year will always have value, independent of market prices. How much would you pay for that kind of asset? Certainly more than nothing, probably less than $100K (a mere 1% yield). If you want to be comfortable, you don't buy Bitcoin or even Gold. It's a different game.
@ well Bitcoin is a different game. Different returns require different ways of thinking. Is 2 Trillion not the value that is being captured? Bitcoin is a global monetary network. It fixes a lot of problems of the current fiat system
Thanks for sharing Guy
What was the name of the youtuber mentioned at 11:40? It sounded like "jeremy stidner estidney".
Thank you guy, really appreciate your videos
Think Alan Greenspan, Think Charles Keating
The main idea is obviousely Bitcoin. Unfortunately Guy Spier has a closed mind and is unable to see it. Eventually he will.
How do you value Bitcoin? How do you value Gold? Both are non-producing assets - there is no "cash flow". Essentially you have to depend on the demand and the market itself to justify their prices. With stocks, businesses, real estate, or other producing assets, you don't have to rely on the market itself to the same extent. Their underlying earning power is what gives them their value. You can buy them at appropriate prices and be content with what they produce. There will always be willing buyers of productive assets, because of their underlying earning power or "cash flow". An asset producing $1000 a year will always have value, independent of market prices. How much would you pay for that kind of asset? Certainly more than nothing, probably less than $100K (a mere 1% yield). If you want to be comfortable, you don't buy Bitcoin or even Gold. It's a different game.
@ well Bitcoin is a different game. Different returns require different ways of thinking. Is 2 Trillion not the value that is being captured? Bitcoin is a global monetary network. It fixes a lot of problems of the current fiat system