I did some calculations also No tradicional institutions are really in yet, no governments and only little smart rich people and almost none of mainstream. And the people that are in , are all super under allocated
As much as I think they are going to pump crypto and tie it to the US dollar to help support the debt,, the fly in the ointment is the energy consumption of creating Bitcoin. I suspect we’ll fall far short of these fantastic levels because of the energy equation. I recommend Steve St Angelo and his thoughts about the coming energy cliff and its influence on crypto, as well as the broad macro picture.
I watch a LOT of these economy prognosticators and talking heads on RUclips and elsewhere. This guy is absolutely one of the best I've seen. Insightful, to the point, logical, and brings receipts with his reading and background research.
The middle class will not be better off curtailing elites Louis Vutton bag expenditures. You need to cut government to the size it had when the middle class was wealthy
@@MindbodyMedic Taxation remains theft. Bettter take government incentives away for them. See how Bill Gates is after US patent protection is abolished and he has to police the world against copy cats.
I’ve seen other interviews from this guest, and this one by far is the most detailed and informative of his views. It could have been the fact of Trump’s win and the potential for changing the direction of this mismanagement of government power. Will this needed change of thinking right this ship? At least for now many hope so. This interview presents many out of the box ideas and ways to see possibilities. This is an amazing interview in my opinion.
Dude it you knew what you were doing, your calculations would not be on 21 MM BTC as there will NEVER be that many.4 MM lost and 1.1 MM frozen in Satoshis wallet. SO your math CANNOT be correct using a total BTC Market of 21 MM BTC. 15 MM BTC is a much better total BTC number to calculate with as this is very close to the actual amount all in. This of course creates much higher demand and scarcity simultaneously and will make most price predictions for future BTC value act 25% to 50% faster than using a 21MM BTC total. Wake Up!
@@joshsmith6043 my point is look at gold now. What % of global wealth does it rep? Why would it suddenly one day rep half? It’s not really a growing % of global wealth. And they keep finding trillions worth of deposits. And it’s not easy to audit or transport or verify haha. It couldn’t be more inconvenient or impractical as a store of half the global wealth. Real estate already beats gold as a store of wealth and would continue to do so if thr ‘material wealth storage’ assets aren’t all mostly demonetized by digital scarcity solutions. gold will double at best in ten years. it’s not going to act as some major store of global wealth.
Very good talk. I would like to ad something you guys are not talking about. I think some BRICKS countries are also on the sell side of gold reserves because they need to. Russia needs the money to finance not only the war. China is kind of collapsing. They might need to sell gold for Dollars. Once again. You are doing a great job.
The Ferrari (digital money)may be faster but it is heavy slowed down by max withdrawals and other limitations imposed by ur bank. This is another way they limit run on banks. Which is good, but full reserve is better n more ethical. But this is also an issue with the Bitcoin system. If most BTC is held in custody, it is very similar to today's banking, therefore easily captured and controlled by central players. For BTC to have any chance to fulfill its original purpose, there needs to be A LOT of simplicity n compatibility innovations so that anyone can easily operate a node, miner, wallets, n more
With the exception of mining, anyone can do those things today if they have a $100 laptop and an internet connection. Not like running a bank where you need hundreds of millions of dollars, teams of lawyers and the right connections/licenses. The more restrictions they place on the trad-fi system, the stronger bitcoin becomes.
@martinlutherkingjr.5582 anyone can, but very few have the time and knowledge to do so. Either too difficult or too much trust required. There r many problems that need to be worked on.
That is exactly what I believe we are heading into. This coming crypto mania will be the final push of our debt based system. They’ll have to accelerate the inflationary crypto ballon at warp speed to keep up with the ballooning debt. It’s either that or interest rates will explode upwards. Either way the end result is going to be a crash of unimaginable scale.
@@stacknchill Made sick profit and stacked filthy fiat to buy real world stuff and buy more sats per dollar once it inevitably dips hard. HODL'ers in disbelief.
You guys are correct about some type re-set -- but be assured your BTC narrative you've convinced yourselves of will have 0 part of it -- just a laugh 20 years from now when people ask "what the hell were they thinking"
ruclips.net/video/QuKG___qK-8/видео.htmlfeature=shared While the US provokes chaos, China promotes economic development. lifting hundreds of millions of people out of poverty, building infrastructure, and encouraging win-win cooperation. Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford discuss
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Keep your Bitcoin safe with Bitkey. Use promo code TFTC20 for 20% off your purchase. bit.ly/TFTCBitkey20
Great guest. Keep him coming back every quarters
I did some calculations also
No tradicional institutions are really in yet, no governments and only little smart rich people and almost none of mainstream.
And the people that are in , are all super under allocated
Did you publish your calculations
These inflationary policies are just absurd. The right thing to do is to balance the budget and restore the integrity of the dollar.
That would be funny if they put a dollar sign in front of the S&P index
Nice rip. Guest has a solid thought out thesis.
Really enjoyed this one ! Great insights from Mel
Its a dangerous assumption to believe that the federal government is still the largest net holder of gold...
Yeah, I really think the claimed supply is a lie.
BTC at 24 million will make Michael Saylor the wealthiest man in history
As much as I think they are going to pump crypto and tie it to the US dollar to help support the debt,, the fly in the ointment is the energy consumption of creating Bitcoin. I suspect we’ll fall far short of these fantastic levels because of the energy equation. I recommend Steve St Angelo and his thoughts about the coming energy cliff and its influence on crypto, as well as the broad macro picture.
Thanks guys
I watch a LOT of these economy prognosticators and talking heads on RUclips and elsewhere. This guy is absolutely one of the best I've seen. Insightful, to the point, logical, and brings receipts with his reading and background research.
Useful comment, I feel
The middle class will not be better off curtailing elites Louis Vutton bag expenditures. You need to cut government to the size it had when the middle class was wealthy
Also tax the very rich. Look what top tax rate was in 50s US
@@MindbodyMedic Taxation remains theft. Bettter take government incentives away for them. See how Bill Gates is after US patent protection is abolished and he has to police the world against copy cats.
Great guest. Very insightful. Hope it plays out this way. I'll take the pain now for a better future for my family.
Makes me feel good about our country again
I’ve seen other interviews from this guest, and this one by far is the most detailed and informative of his views. It could have been the fact of Trump’s win and the potential for changing the direction of this mismanagement of government power. Will this needed change of thinking right this ship? At least for now many hope so.
This interview presents many out of the box ideas and ways to see possibilities. This is an amazing interview in my opinion.
Have to watch this again to map out his ideas and how the pieces fit together. Love his take at the end: lighten up on risk, raise more cash.
Best TFTC of all time
No mention of supply chain distruption as a cause of inflation. Backing a fiat system with a token. Sounds fantastic.
East and West are you joking? America first! America versus the whole world. 🌍 put your seatbelt on the rollercoaster ride is about to start.
Good Rip Freak !!!!!! 🤙🏿
1:00:21 blame Both parties spending is he just says democrats fault its not good
America versus the whole world I wonder how that’s going to end?
Dude it you knew what you were doing, your calculations would not be on 21 MM BTC as there will NEVER be that many.4 MM lost and 1.1 MM frozen in Satoshis wallet. SO your math CANNOT be correct using a total BTC Market of 21 MM BTC. 15 MM BTC is a much better total BTC number to calculate with as this is very close to the actual amount all in. This of course creates much higher demand and scarcity simultaneously and will make most price predictions for future BTC value act 25% to 50% faster than using a 21MM BTC total. Wake Up!
Why would gold represent the other half of global wealth
What else would it be? Silver? Oil? I think Gold and Bitcoin are good bets, but who knows.
Exactly. Gold is a joke compared to Bitcoin
@@joshsmith6043 my point is look at gold now. What % of global wealth does it rep? Why would it suddenly one day rep half? It’s not really a growing % of global wealth. And they keep finding trillions worth of deposits. And it’s not easy to audit or transport or verify haha. It couldn’t be more inconvenient or impractical as a store of half the global wealth. Real estate already beats gold as a store of wealth and would continue to do so if thr ‘material wealth storage’ assets aren’t all mostly demonetized by digital scarcity solutions. gold will double at best in ten years. it’s not going to act as some major store of global wealth.
Very good talk.
I would like to ad something you guys are not talking about. I think some BRICKS countries are also on the sell side of gold reserves because they need to. Russia needs the money to finance not only the war. China is kind of collapsing. They might need to sell gold for Dollars.
Once again. You are doing a great job.
28:16 😳
The Ferrari (digital money)may be faster but it is heavy slowed down by max withdrawals and other limitations imposed by ur bank. This is another way they limit run on banks. Which is good, but full reserve is better n more ethical.
But this is also an issue with the Bitcoin system. If most BTC is held in custody, it is very similar to today's banking, therefore easily captured and controlled by central players.
For BTC to have any chance to fulfill its original purpose, there needs to be A LOT of simplicity n compatibility innovations so that anyone can easily operate a node, miner, wallets, n more
That will happen eventually
With the exception of mining, anyone can do those things today if they have a $100 laptop and an internet connection. Not like running a bank where you need hundreds of millions of dollars, teams of lawyers and the right connections/licenses.
The more restrictions they place on the trad-fi system, the stronger bitcoin becomes.
@martinlutherkingjr.5582 anyone can, but very few have the time and knowledge to do so. Either too difficult or too much trust required.
There r many problems that need to be worked on.
🇺🇸FED PONZI🇺🇸>🚨CRYPTO PONZI🚨>🤡MADOFF PONZI🤡
That is exactly what I believe we are heading into. This coming crypto mania will be the final push of our debt based system. They’ll have to accelerate the inflationary crypto ballon at warp speed to keep up with the ballooning debt. It’s either that or interest rates will explode upwards. Either way the end result is going to be a crash of unimaginable scale.
@ 💯
$24,000,000 a BTC… what a bear. It’ll be at least $24,000,000,000,000,000,000 per coin. At the most conservative!
🖤
Sell your BTC and take profit guys! It's gonna do what it always does, and crash. Definitely below 90k and likely 80k and 70k.
Don't be greedy.
HFSP
Like Trump said, never sell your bitcoin, it is money thet is harder, more scarce and catching more demand than gold.
@@stacknchill Made sick profit and stacked filthy fiat to buy real world stuff and buy more sats per dollar once it inevitably dips hard. HODL'ers in disbelief.
@@knockoutfever4 Never sell? lol
@@John-wf5ifIt depends on your strategy, most people are investors, not traders
Fantastic🫶
You guys are correct about some type re-set -- but be assured your BTC narrative you've convinced yourselves of will have 0 part of it -- just a laugh 20 years from now when people ask "what the hell were they thinking"
I believe you are correct. Some wacky ideas being floated around.
Do you have any logical reasoning behind this prediction?
It could go to a trillion it’s fake money
It's not fake or money, but nice try. Ironically fiat is fake.
How do you determine when something is “real”?
@@martinlutherkingjr.5582 Bitcoin is most certainly real, but it is still going to crash. take profit at $100k. It always corrects hard.
How much gold can you eat during an emergency.
ruclips.net/video/QuKG___qK-8/видео.htmlfeature=shared While the US provokes chaos, China promotes economic development. lifting hundreds of millions of people out of poverty, building infrastructure, and encouraging win-win cooperation. Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford discuss