What’s funny is commbank in Australia recently announced $3 cash fees. And everyone is complaining. Just a perfect example of how bitcoin can solve their problems. Bitcoin is decentralised! No bank, ceo, govt can ever do this on bitcoin.
Really agree on Peter’s perspective on btc collateral loans. Spot on and agree 100%. No one has said this yet and agree this is the easiest collateral to asses to take a loan against. Logical
The fact that bitcoin has a limited supply means that it must go up due to the "law" of supply and demand. As cash is replaced by bitcoin trades the demand for bitcoin can only increase as the supply is capped at 21 million bitcoins. As demand increases so does the value of bitcoin to all those who need or want bitcoin.
It will get manipulated over time like gold and silver They trade gold and silver that hasn’t even been dug out of the ground yet, ie paper gold There will be paper btc that will be sold that don’t exist.
You’re not really saving 1.35 million with BTC with $500 a week because you will still need to pay the capital gains taxes to the ATO but yes still a great savings account.
There won't be cycles associated with halving anymore. New coins are so few that demand overwhelms it. Sure, there might be a bump from a halving, but cycles I doubt.
it was never associated with halving it it the 4 year money printing cycle from the federal reserve, people mistakenly relate it to halving. soon as they want to suck trillions out of the economy they will dont matter if there is only 1 bitcoin for sale it will still dump if they want it to
@@mv3x1I’d say it’s both, the having definitely plays a part as there’s less supply but the government prints more money so there’s more liquidity and more demand specially as the price goes up but there isn’t enough supply for the demand so we see drastic increases in price and vice versa when they hike up interest rates the prices goes down as there isn’t liquidity and not as many people are buying. It seems as if Satoshi knew this and calculated it.
There will still be halving cycles though, the nature of the proof of work algorithm halves the reward for doing POW every four years which is in part what increases price (Not the total cause though). The general consensus being that miners don't sell coins until they are profitable to sell, thus reducing supply, then as demand increases the price must increase to make mining profitable at which point some more will sell.,..
@@blackscrum yes, but the number of new coins is such a small percentage of the number already circulating that it won't matter. Long holders like MicroStrategy are already vaccuuming up all supply and then some. The price will rise without halving is what I'm saying. 'supply' now is simply who is willing to sell at this point in time- and the miners don't matter.
Great episode Adam! Was recommended your video through YT algo. I just finished setting up my SMSF with Stake so I can get full exposure to BTC through the ETFs and stocks like Microstrategy. I’d love to know how you allocated your super portfolio? FYI I’m a 30yo listener based on the GC.
42:04 "Most people don't commit to Bitcoin until there is a significant need in their lives to do it". So true. Similar to Michael Saylor's "Bitcoin Rule 10: Insight Is Restricted to Those with a Need to Know. Not everyone understands Bitcoin because not everyone needs to. Those who are comfortable within the current system have no immediate need to comprehend Bitcoin. It is those facing economic uncertainty or disruption who will see its true value." In my case, personal circumstances resulted in inner motivation to change things and not be dependent on tyrannical bosses.
@@UnemployableMedia, when you realise this, Bitcoin is a personal journey. I stopped trying to get people to see it because most haven't gone through that personal life experience trigger yet. When you try to orange pill people, you can only make strong references to the date and the price you are saying it. They will come back in time, and the price difference will hopefully make them interested in learning.
Great information. I’m on that journey to understand crypto, so far the value in bitcoin is it’s decentralised from a future CBDC end of this decade. I get it as CBDC will be centralised and we lose control of money. This interview is mostly Bitcoin and I think 21 million scarcity factor is why. Others such as Raoul Pal says top 3 include ethereum and solana., not sure how scarce they are? How do you see the growth beyond the introduction of CBDC? You mentioned Trump and Bitcoin, how does this work when Tether (Stablecoin) is the 3rd largest purchaser of US treasuries? Still a long way to go.
I am interested in a question related to Bitcoin doing well. If Bitcoin breaks 1 million dollars, what do you think is the cause and effect on inflation? That would see the status quo economic system upended. So what what then happens. Most people would love to do well financially. Will this erode societal stability? I for one have no idea. Those are my two cents worth concerns.
At $1M per coin it would be nowhere near mass adoption as a currency or what Bitcoiners call “Hyper Bitcoinzation”. A 10x from here is actually a very small step in the world of BTC. People struggle to understand the size of global wealth and the current allocation of it.
@@fits1966 thanks for watching :-) to get some historical context, go to “Plan B” RUclips channel and watch the video he posted today, December 3rd, 2024. A wonderful break down based on 4 different valuation models and 15 years of history. Good luck.
In previous cycles I would have agreed, but with regulatory changes and the amount of knowledge being shared to the worlds biggest companies and even countries who haven't even touched this market yet... I would say this time is different.
I hope that Bitcoin can remove the monetary premium on Australian property that makes it more affordable for normies and helps this bloody rental crisis.
Thanks, Peter and Adam. Since getting into crypto in 2017, I’ve noticed most financial experts have called it wrong on Bitcoin. Past performance isn’t a guarantee, but what if Bitcoin hits $1M? What risks would hyperinflation pose for governments and society? Cheers
@@UnemployableMedia There was a question about what would happen if many achived a Billion Dollar Bitcoin valuation, cashed in, then started buying. I.E. Hyperinflation. Those are serious questions for government not individuals. Though any thoughts? Thanks
Interesting... was it maybe Kraken that ANZ didn't like? I moved a good chunk of cash into BTCMarkets a couple of months ago with ANZ no worries. Might send some more now to test out.
Smart move selling family home But why even buy back into property.? Anyone trying to beat this financial reset coming Would be renting, dumping all useless fiat and into hedge assets like Gold Silver and Bitcoin
You should have bought bitcoin in Nov 22 its not a good buy atm will hit 60k in November 26 that's when you buy again this podcast will get people burnt.
It depends on your timeline. Nobody has ever been under water on Bitcoin who has held it for more than 4 years. Also, right now we are only 45% above the last all time high, which if history is a guide, is nowhere near this cycle top.
I’m not saying it’s near a cycle top 25 will be super bullish. I’m just saying a bear market will come. Historically, Bitcoin goes below its old all time highs like in 2022, when it dropped below the $69K high from 2021 and fell under $20K. So, we could see a cheaper Bitcoin than now in two years. Your long-term thesis is spot on, and I love that you guys promote using SMSFs for crypto. I’m 38, traveled a lot in my 20s, and set up an SMSF this February. I did my research, learned a lot, and bought crypto. My portfolio went from $125K to $320K in nine months crazy stuff! I’ll be protecting my profits and reinvesting a big chunk into Bitcoin during the next bear market, holding for years, just as you’ve discussed.
Isn't bitcoin just another way for people to hoard wealth? Isn't it going to result, once again, in a divide, where you have people who figured out the bitcoin game and are sitting pretty, and people who miss out because we simply don't give a crap about the game of finance in any form. Can we just have a world where people can make a comfortable living being of service, being creative, and being resourceful? I refuse to participate in the bitcoin game. It's just another fear-based avenue for people with FOMO to go down.
I can tell from this comment that you care about people. That’s admirable. For that exact reason, you should dedicate some time to learning deeply about Bitcoin. Money is a way of recognising and storing time that we give to others. But it’s broken. Bitcoin fixes this and is giving hope to millions of underprivileged around the world. Do the work and you will learn this. Most are just intellectually lazy, close minded, and led by their ego. Given your heart for people and fairness, I think you’ll come to love the ethics of Bitcoin, why it was created and so much more. Thanks for watching.
My bank won't let me send money to my crypto account .. they locked my accounts...and said they will continue to lock my account should I send any money to my exchange...😮 Wtf
Yes. That’s me! I finished there 3 years ago. Between 2015-2021 our clients generated about $3B is sales on Amazon. As for BTC - have been “on that band wagon” for 6 years. You’re a little out of touch champ. But yes - go look at Reliable Education. I’m super proud of what we achieved there. Have a beautiful day ❤
@@jayrush01 Hey i have done extremely well buying bitcoin in 2013. I still have some. After being in it for this long i have learnt lots about crypto. I cannot loose either way. You can't all get rich for doing nothing i assure you, the world doesn't work like that. The world is full of grifters with a great story, and it is a great story and easy to sell to people who want to get rich over night and buy a Lambo. If you have decent profits my friend buy gold. That probably falls on deaf ears when people are so deep in the Bitcoin religious cult, that don't understand money and would rather speculate on grifters making them rich.
Bitcoin is an aspirational speculative asset, hoping to be the monetary standard of G7 nations and corporates. It's not there yet and it may never arrive given the concentration of holdings in a few hands, not to mention the risk of two mining pools controlling 75% of the mining hashrate with China manufacturing most of the mining chips.
@@pedrowilson6211 Peter Todd was most likely announced as Satoshi in the recent HBO Documentary to seed the idea of tail end emissions. He wrote about increasing supply in 2022. The current inflation rate of 0.84% could be promoted as low inflation but stabilizing for the miners and network in the long run.
![Digital Circus Episode 4 [TRAILER]](http://i.ytimg.com/vi/abZtsmMUbJo/mqdefault.jpg)
If you want to find out more and work with Peter Dunworth 👉 content.thebitcoinadviser.com/unemployable
Awesome episode , Adam . Good to see you getting more Australians exposure to bitcoin education.
Thank you, We appreciate you tuning in!
What’s funny is commbank in Australia recently announced $3 cash fees. And everyone is complaining. Just a perfect example of how bitcoin can solve their problems. Bitcoin is decentralised! No bank, ceo, govt can ever do this on bitcoin.
The Australia we live in right now, to australians in the past would find it ridiculous!
@ hey mate, thanks for video. Would love to chat about my superannuation is there a someone I can reach out to?
Good call! I'm all in. I worked in Bankers Trust in the late 70s.
That's awesome! Bankers Trust was a powerhouse back in the day.
Everything you have discussed is thoroughly factual through past experiences
Thank you!
This was a really fantastic episode, thanks Adam and Peter!
Adam Could you direct us where to find the post that you shared on who you follow on RUclips in this space?
I'm an Australian and I hold Bitcoin.
That and Monero.
Naughty monery
Really agree on Peter’s perspective on btc collateral loans. Spot on and agree 100%. No one has said this yet and agree this is the easiest collateral to asses to take a loan against. Logical
Thank you, Peter. You're an Australian legend. Greetings from Nth Queensland.
Appreciate that, thank you!
Awesome episode!! Thanks guys!
You are welcome :)
For those starting out , Bitcoin and crypto is the best vehicle. You don’t need to be tied to any debt or banks.
Bitcoin, not crypto. You want a global, neutral and scarce asset. This only applies to Bitcoin
Awesome! Thank you.
Thanks Adam, was great meeting you at Cheat Code and looking forward to hearing this rip with Peter ✊
It was great meeting you at Cheat Code too! Thanks for listening and for your support!
Great podcast lads
Thank you!
Thankyou for all you offer to the Bitcoin Revolution. Fabulous interview with Peter Dunworth
You're very welcome! We're glad you enjoyed the interview with Peter Dunworth.
The fact that bitcoin has a limited supply means that it must go up due to the "law" of supply and demand. As cash is replaced by bitcoin trades the demand for bitcoin can only increase as the supply is capped at 21 million bitcoins. As demand increases so does the value of bitcoin to all those who need or want bitcoin.
It will get manipulated over time like gold and silver
They trade gold and silver that hasn’t even been dug out of the ground yet, ie paper gold
There will be paper btc that will be sold that don’t exist.
You’re not really saving 1.35 million with BTC with $500 a week because you will still need to pay the capital gains taxes to the ATO but yes still a great savings account.
capital gains tax is often overlooked.
SMSF. No tax.
True, but as my accountant once said to me when I was whinging about paying it…you only pay when you make a profit.
After 4 years of Bitcoin you will realise that you never sell it
There won't be cycles associated with halving anymore. New coins are so few that demand overwhelms it. Sure, there might be a bump from a halving, but cycles I doubt.
it was never associated with halving it it the 4 year money printing cycle from the federal reserve, people mistakenly relate it to halving. soon as they want to suck trillions out of the economy they will dont matter if there is only 1 bitcoin for sale it will still dump if they want it to
@@mv3x1I’d say it’s both, the having definitely plays a part as there’s less supply but the government prints more money so there’s more liquidity and more demand specially as the price goes up but there isn’t enough supply for the demand so we see drastic increases in price and vice versa when they hike up interest rates the prices goes down as there isn’t liquidity and not as many people are buying. It seems as if Satoshi knew this and calculated it.
There will still be halving cycles though, the nature of the proof of work algorithm halves the reward for doing POW every four years which is in part what increases price (Not the total cause though). The general consensus being that miners don't sell coins until they are profitable to sell, thus reducing supply, then as demand increases the price must increase to make mining profitable at which point some more will sell.,..
@@blackscrum yes, but the number of new coins is such a small percentage of the number already circulating that it won't matter. Long holders like MicroStrategy are already vaccuuming up all supply and then some. The price will rise without halving is what I'm saying. 'supply' now is simply who is willing to sell at this point in time- and the miners don't matter.
BTC buy, stack and chill. Houses buy and juggle a lot of moving parts.
Great episode Adam! Was recommended your video through YT algo. I just finished setting up my SMSF with Stake so I can get full exposure to BTC through the ETFs and stocks like Microstrategy. I’d love to know how you allocated your super portfolio? FYI I’m a 30yo listener based on the GC.
42:04 "Most people don't commit to Bitcoin until there is a significant need in their lives to do it".
So true.
Similar to Michael Saylor's "Bitcoin Rule 10: Insight Is Restricted to Those with a Need to Know. Not everyone understands Bitcoin because not everyone needs to. Those who are comfortable within the current system have no immediate need to comprehend Bitcoin. It is those facing economic uncertainty or disruption who will see its true value."
In my case, personal circumstances resulted in inner motivation to change things and not be dependent on tyrannical bosses.
Very interesting aye?
@@UnemployableMedia, when you realise this, Bitcoin is a personal journey. I stopped trying to get people to see it because most haven't gone through that personal life experience trigger yet. When you try to orange pill people, you can only make strong references to the date and the price you are saying it. They will come back in time, and the price difference will hopefully make them interested in learning.
Great information.
I’m on that journey to understand crypto, so far the value in bitcoin is it’s decentralised from a future CBDC end of this decade.
I get it as CBDC will be centralised and we lose control of money.
This interview is mostly Bitcoin and I think 21 million scarcity factor is why. Others such as Raoul Pal says top 3 include ethereum and solana., not sure how scarce they are?
How do you see the growth beyond the introduction of CBDC?
You mentioned Trump and Bitcoin, how does this work when Tether (Stablecoin) is the 3rd largest purchaser of US treasuries?
Still a long way to go.
I am interested in a question related to Bitcoin doing well. If Bitcoin breaks 1 million dollars, what do you think is the cause and effect on inflation? That would see the status quo economic system upended. So what what then happens. Most people would love to do well financially. Will this erode societal stability? I for one have no idea. Those are my two cents worth concerns.
At $1M per coin it would be nowhere near mass adoption as a currency or what Bitcoiners call “Hyper Bitcoinzation”. A 10x from here is actually a very small step in the world of BTC. People struggle to understand the size of global wealth and the current allocation of it.
I feel like upload frequency shouldnt matter if the quality drops.
Sorry - what do you mean?
Don't jump in now it's already run its course this cycle.
You really need to spend more time learning about bitcoin 🙏🏼
@@fits1966 thanks for watching :-) to get some historical context, go to “Plan B” RUclips channel and watch the video he posted today, December 3rd, 2024. A wonderful break down based on 4 different valuation models and 15 years of history. Good luck.
@@craig5768 Bitcoin whole coiner for $96,000 or Bitcoin Cash whole coiner for $500 🤔
@@craig5768 no he is spot on cycle repeating exactly alts will start taking over from here. btc prob hit 250k still but its not worth it
In previous cycles I would have agreed, but with regulatory changes and the amount of knowledge being shared to the worlds biggest companies and even countries who haven't even touched this market yet... I would say this time is different.
Bitcoin whole coiner for $96,000 or Bitcoin Cash whole coiner for $500 🤔
You have much to learn………
U are of your rocka champion selling an asset for something that doesn't exist
I hope that Bitcoin can remove the monetary premium on Australian property that makes it more affordable for normies and helps this bloody rental crisis.
Suggest anyone interested that they read The Bitcoin Standard and The Fiat Standard by Saifedean Ammous
Thanks, Peter and Adam. Since getting into crypto in 2017, I’ve noticed most financial experts have called it wrong on Bitcoin. Past performance isn’t a guarantee, but what if Bitcoin hits $1M? What risks would hyperinflation pose for governments and society? Cheers
Your welcome!
@@UnemployableMedia There was a question about what would happen if many achived a Billion Dollar Bitcoin valuation, cashed in, then started buying. I.E. Hyperinflation. Those are serious questions for government not individuals. Though any thoughts? Thanks
Oh no! I’ve just bought a home😢
ANZ did the same for me, blocked payment, had to go through a whole rigmarole to move it into kraken…
Interesting... was it maybe Kraken that ANZ didn't like? I moved a good chunk of cash into BTCMarkets a couple of months ago with ANZ no worries. Might send some more now to test out.
Over the years I have been blocked by all banks
I have many accounts
I now utilise a digital identity to get around KYC.
Research and you will find
@@PA1NK1LLR Subsequent transactions have been fine tbf.
Smart move selling family home But why even buy back into property.? Anyone trying to beat this financial reset coming Would be renting, dumping all useless fiat and into hedge assets like Gold Silver and Bitcoin
Chill out with the cheesy sound effects 😅
You should have bought bitcoin in Nov 22 its not a good buy atm will hit 60k in November 26 that's when you buy again this podcast will get people burnt.
It depends on your timeline. Nobody has ever been under water on Bitcoin who has held it for more than 4 years. Also, right now we are only 45% above the last all time high, which if history is a guide, is nowhere near this cycle top.
I’m not saying it’s near a cycle top 25 will be super bullish. I’m just saying a bear market will come. Historically, Bitcoin goes below its old all time highs like in 2022, when it dropped below the $69K high from 2021 and fell under $20K. So, we could see a cheaper Bitcoin than now in two years.
Your long-term thesis is spot on, and I love that you guys promote using SMSFs for crypto. I’m 38, traveled a lot in my 20s, and set up an SMSF this February. I did my research, learned a lot, and bought crypto. My portfolio went from $125K to $320K in nine months crazy stuff! I’ll be protecting my profits and reinvesting a big chunk into Bitcoin during the next bear market, holding for years, just as you’ve discussed.
@@paulsheehan7213 great work!
You should have brought XRP
You’re right!
Oh because it’s worth 4 Australian dollars now?…
I've always been intrigued by Satoshi commenting that Ripple was interesting.
you can see where the interviewer has spent his gains.... hair transplant and teeth in turkey
Guilty as charged - except not in Turkey. Perhaps your mum should have invested in a condom?
Isn't bitcoin just another way for people to hoard wealth? Isn't it going to result, once again, in a divide, where you have people who figured out the bitcoin game and are sitting pretty, and people who miss out because we simply don't give a crap about the game of finance in any form. Can we just have a world where people can make a comfortable living being of service, being creative, and being resourceful? I refuse to participate in the bitcoin game. It's just another fear-based avenue for people with FOMO to go down.
I can tell from this comment that you care about people. That’s admirable. For that exact reason, you should dedicate some time to learning deeply about Bitcoin. Money is a way of recognising and storing time that we give to others. But it’s broken. Bitcoin fixes this and is giving hope to millions of underprivileged around the world. Do the work and you will learn this. Most are just intellectually lazy, close minded, and led by their ego. Given your heart for people and fairness, I think you’ll come to love the ethics of Bitcoin, why it was created and so much more. Thanks for watching.
My bank won't let me send money to my crypto account .. they locked my accounts...and said they will continue to lock my account should I send any money to my exchange...😮 Wtf
What bank?
@adamhudsonofficial st George wespac
@adamhudsonofficial St George -Wespac
Move banks. I closed my com bank down because of these issues. I set up 2 x accounts with smaller banks. No issues anymore.
@@adamhudsonofficial Wespac ,St George
Isn't this the plonker who was spruiking Amazon courses (hint: reliable education) a few years ago and now has jumped on the crypto bandwagon.
Yes. That’s me! I finished there 3 years ago. Between 2015-2021 our clients generated about $3B is sales on Amazon. As for BTC - have been “on that band wagon” for 6 years. You’re a little out of touch champ. But yes - go look at Reliable Education. I’m super proud of what we achieved there. Have a beautiful day ❤
All the money in the world, but your Zoom call still sounds like Dial Up.
Thanks for tuning in. I’m sorry we didn’t meet your expectations for free content offered in the spirit of helping you.
Sell your house to buy into ponzi cult at all time highs. Wish you luck buddy.
This is one of those comments that people come back to to laugh at and screenshot in 5 years time😂
@@jayrush01 Hey i have done extremely well buying bitcoin in 2013. I still have some. After being in it for this long i have learnt lots about crypto. I cannot loose either way. You can't all get rich for doing nothing i assure you, the world doesn't work like that. The world is full of grifters with a great story, and it is a great story and easy to sell to people who want to get rich over night and buy a Lambo. If you have decent profits my friend buy gold. That probably falls on deaf ears when people are so deep in the Bitcoin religious cult, that don't understand money and would rather speculate on grifters making them rich.
Yep lets jus print fiat money n get into deeper debt for us all
@@broadsound9848 Suits my strategy, and that is probably the outcome, because history tells us that is what Governments do.
😊what happens if someone create another bitcoin like coin . Gold is true asset only 😂
this question reflects your level of understanding. Study more. Look into Metcalfe's law.
Bitcoin is an aspirational speculative asset, hoping to be the monetary standard of G7 nations and corporates.
It's not there yet and it may never arrive given the concentration of holdings in a few hands, not to mention the risk of two mining pools controlling 75% of the mining hashrate with China manufacturing most of the mining chips.
Take a breath
Congratulations on your entry level view point of bitcoin. You must have researched for at least 5 hours. Well done.
Not an asset. Has no use. Isn't backed by anything. Sounds like a solid investment.
Child
Thanks for watching. No point arguing. Time will tell. You place your bets, and others will place theirs. Let’s go!
Can’t be printed like our fiat Govs have been doing worldwide
@@pedrowilson6211 Peter Todd was most likely announced as Satoshi in the recent HBO Documentary to seed the idea of tail end emissions. He wrote about increasing supply in 2022.
The current inflation rate of 0.84% could be promoted as low inflation but stabilizing for the miners and network in the long run.
first rule, understand what your talking about before opening ones mouth....