Scaramucci has grown on me a lot over the years. Gladly puts himself below the one(s) he is interviewing or being interviewed by. Very Self reflecting, almost to the point of self-deprecating, yet smart as f.. I find that interesting and very appealing. There is something to be said about not needing to prop one self up constantly.
I'm overall outperforming a lot of assets by holding Bitcoin and a few other top crypto altcoins. When my percentage goes down it goes down about double that of the s&p100/500 but when it goes up it goes up like 5 times the S&P rate.
I don't think it is. Once bitcoin crosses it's all time high, it becomes the new bottom. Anything under 69k is a good buy. It's still advisable to work with a fiduciary advisor instead of relying solely on speculations
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new market opportunities, but over the past 5years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1million in gains… might not be a lot but i'm financially secure.
*Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
The best thing about these comments is just how early we are in this up trend I love still seeing people using tulip mania as an example of bitcoin. BTW tulip mania did last 15 years. Also I love all the people ducking on Raoul for his ETH call. Clearly they haven’t listened to him in about a year which also makes me very bullish people are still stuck in ptsd mode. You clowns in the comments stay bearish for me please!
I would love to see your face in a few years. I’m picturing shock and horror. I’m 63 and went through 87 and the tech bubble in 2000. I’m afraid we are in for a ride and the Fed won’t be able to save us the same way they have in the last several years. Hang on to your hat and your portfolio.
@@timcarruthers2372 you comment makes no sense. So you entire argument is hinged on that your old and saw a market crash in the 80’s therefore you know what’s going to happen. How much of a tool and arrogant are you!
@@timcarruthers2372 I hope to see your face in a few years. I hope to see exuberance and gratefulness because you got it. Yeah, you saw some bad failures of the financial system. Crypto is the escape pod from that system. You should at least research the underlying tech very thoroughly before you dismiss it, cuz the tech aint going anywhere
Awesome awesome awesome session. If you can continue to get high quality discussions around blockchain technology and cryptocurrency, I will personally not only watch these videos but I'll also make it my own mission to bring the rest of my financial services network in. Everybody is looking for blockchain content but from established educated veterans like Raoul Paul and Scaramucci - we aren't looking for bitboy crypto, altcoin daily or other people that didn't go to college and work at large respectable institutions like Goldman Sachs.
@@flowbrandz316 I’m using solana everyday and never crashed on me. It is very congested network because of high volume. The volume in solana block chain has exceeded ETH, avalanche, SUI combined.
Ive sold all my stocks and put 90% of my liquid wealth into Bitcoin and MicroStrategy. Im not selling anything as i know i will screw it up and then regretting next year. Here we go.🎉
agree re possibility that bear markets will be less severe in BTC going forward. Yes, bear markets will happen. But likely to be less severe than the 80/85 pct drawdowns previously seen , IMO.
This is a common misconception, share size of the asset itself has no bearing on the control of the underlying network. This is the distinction between the traditional financial system and the proof of work mechanism. The Winklevoss twins have owned 1% of the bitcoin supply for the last decade. Doesn’t matter, they cannot do anything to the underlying network. There’s no centralization merely based on position size.
I just read a book about Berlin after the war and the struggles of the populace. That situation underlines the value of gold , best of luck to crypto holders when the Ivans roll into town
Because gold was the best option until technology inevitably advances and we move on like with EVERY form of money in history. I have no doubt gold still has value but BTC will outperform it, gold has lost 99% of its value against BTC over 14 years. Gold is valuable because the free market decided it was 5000+ years ago, now it’s more centralized and has been seized multiple times. Now the free market has chosen BTC. You can take a horse to work or take a car you decide. Not to mention the 5-10% premium you pay for buying gold and the 3-5% below spot price you would get for selling it.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
My CFA 'Grace Adams Cook' , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I can't help but feel that this guys are trying to FOMO in the retail investors and I assume with a bit of confidence that you are too light already as for myself I'm up from 200 to 700% in general with all of my purchases, because I bought November 2022
I've become a Mooch supporter. I admire your willingness to see the truth and adjust accordingly. Seems like yesterday when you proclaimed your love for 45 as press sec. It's great you now take a stand as a man and express yourself without fear.
Let's watch pumpers pump and stoke each other as we do it. So many gaps in his story "as more people become part of the network" lol people buying it in brokerages and hold hoping is more like it
I think it's negligent never to mention how to approach a market as far as WHEN and HOW MUCH to put in at a time. How do you expect someone who knows very little and puts their investment in at the top of the market to weather major corrections and crashes? Buy dips, Dollar Cost Average, etc. The crowd usually gets wrong footed. Please mention some basics so people have something to be aware of and avoid herd mentality which gets wrong footed and discouraged. Also, maybe consider pushing harder during the bear market when the prices were best.
Slight correction sweet dear host, the amazing Jackie Robinson was already a Professional Player in the Iconic, legendary and anthropocentric Negro Leagues prior to being hired and working in the predominately Caucasian league.
I think if you want to discourage anything like an FTX from ever happening again you give Sam B. life in prison and use him as an example of what can happen if anyone tries to do scams and take advantage of people.
You all had a chance to buy Bitcoin for years, and ya found every reason not too, so stop it with the "too much in too few hands." MONEY ALWAYS FLOWS TO WHERE IT'S TREATED BEST! As far as no utilization you have power grid management (see Texas), sending money abroad reducing large fees from the MoneyGrams and Western Union, saving for your family’s future, micropayments, multisig treasury management, turning waste energy into profit to reducing methane emissions and building a surveillance-resistant digital commerce experience that even the unbanked around the world don't need permission to be a part of.
Capital Gains Tax should be inflation adjusted. But the government likes inflation, because it devalues the debt and allows them to tax you on gains that don't exist when you adjust for inflation!😅😅😅
I mean he was also wrong about bitcoin going to 100k in 2021 but so was everyone. It still ran pretty hard since he got in lol I don’t think it’s quite time to start calling the top
@@johns4412 Recommending is one thing. He chilled ETH like crazy in the last cycle. Just dig into facts and you will realize that he was way way of with his predictions.
Its fascinating how these guys are "inserted" and they become the soundbite factory of the legacy high table.. Then they "insert" the names of who is leading and who is best and this is not a new method of operation.. The fact is, the best blockchains and the best tech in the space are ignored and downplayed by these "inserted" mouth peaces.. Its the fiat daisy chain of control the makes sure the legacy always has the back door hack and the rug to pull in place before the herd the masses to them..Over and over again.. Do your own research and you'll find much better solutions with the smartest and well intending minds in the world building blockchain projects that blow these suggestions away.. be safe..
Raul Paul was/is massively wrong about crypto's rate of adoption and recently, he has been desperately trying to piggyback on AI hype to shill his crypto nonsense.
No one calls everything perfectly. But when you take the shittiest crypto Doge coin and it has better issuance than US Dollar.. It should trigger you to look deeper into the eco system. Bitcoin 21m coin Fixed supply..
@@GetRoasted1 you didn't get the point. The point is that there is nothing special about BTC. People buying BTC are gambling. Replicas can be used for the exact same purpose.
Need to do more research. Most things are a ponzi the us Dollar is a ponzi and being debased by 1 trillion printed every 100 days. At least bitcoin can't be inflated. 21m Fixed supply.
I never understand what’s people problem with Crypto. I remember when people were saying that internet companies were not real like General Motors or Philips because they were online. Are you salty you didnt make money with Bitcoin? Do you have a problem with the rest of us who did and like the tech and the concept? What’s the source of your hate towards it?
Yeah the thing does 20x then falls 80% and goes on to make another 20x and so on. Nobody who ever bought bitcoin and didnt sell for 4 years ended up at a loss. In fact they all made terrific profits. So what is your problem with it really?
People, even rational ones, will look at something new to them, take in all the facts (what they think are all the facts) and then make a decision on whether something is good or not. The problem is, people don't change their minds when the situation changes. Whether its their favorite sports team, their political party of choice, whether or not to invest in crypto....sometimes rational people make a decision, and then instead of changing their mind or at least altering their thinking even slightly, they will dig in their heels even deeper reaching for reasons to put down something that is on the 'other side' of their initial thinking.@@Martinbal126
Measuring BTC since 2012 for comparison is so intellectually dishonest I’m shocked how often he does it. Why not measure from 0 then? It’s up INFINITELY wowowow 💀 Take it from 2016 at least, when it was a real market. Anything else is nonsensical.
Reducing the supply by halving it is funny. Did Raul Pal actually, after so much bragging, calculate how much laving actually reduces the supply on daily bases. Obviously not. The halving will reduce supply by 0.05%! Everyone, truly interested, can actually calculate that based on the daily volume of BTC transactions. Now if one says that 0.05% supply reduction impacts the market one needs to either reconsider his/her views of what (manipulated) market is, OR just look what is the distribution of BTC holding based on addresses. In the both cases the logic tells something very different from the rosy picture described here, and that is in addition to the huge inefficiency of the distributed, consensus based, BTC protocol,
Are you assuming all BTC is for sale when quoting 0.05% supply change? Most BTC is hodled, doesn't move for years. The halving significantly reduce available BTC, and spotETFs only make supply tighter, without a price rise. What Pal is saying is generally correct, but obviously, only a rising price would prove that.
@EfficientEnergyTransformations are they though? The PM markets have enormous aledged trades that never go to completion. I doubt much BTC is available to buy, except from miners. We will soon see sure enough. Only a severe shortage of coins to buy will produce 100k+ this year. If that happens, and I say that and a lot higher, then there must've been a shortage somewhere.
@@01menyou sure PM markets (and not only them, but all commodity markets) have future overlays some of them morphing in speculative trades that never go to physical completion/transaction but only electronic ones. Now if that were to be true for BTC, without a defined futures market, it would mean that the BTC market is controlled/manipulated, in a very similar way, as the commodity markets are, but without any defined futures framework. Were it possible, I guess it could be, but then I would imagine that the situation is even a lot worst then I could have imagined, considering that at least for the commodity markets there are physical barriers that eventually prevent enormous distortions. For BTC, if again the above were true, I could not see any physical barriers for such manipulations, especially considering the concentrated BTC holding distributions.
Lots of things have been the best investment in history, till they're not... tulip bulbs in holland in the 17th century. Same with the Mississippi company in france in the 18th century. Both went to zero. Bitcoin might prevail but im not willing to bet on it.
There have been lots of bubbles in history (obviously you pick a couple.) But what defines a 'bubble' is 'explosive growth' followed by it 'bursting' and collapsing to oblivion. If you look at bitcoin's chart you will see 'at least 3 bubbles' (10x or more) and at least 3 collapses (70% or more). But the fact that it has recovered each time (and gone on to new highs) implies it has a resilience as an asset.
@@RobCollins2015these people are salty they didnt buy back then. They will forever scream that its a bubble or a ponzi or a scam just to seem smarter than the rest. Wall street capitulated on their hate on BTC with the ETFs, yet these “qualified investors” missed the trend of the decade and still call it a bubble 😂
that is actually quite sad that you are not willing to put even a small chunk of your wealth in this asset class. Probably similar mindset as many had during the adoption of the Internet amongst many many other technological advancements over the centuries. Your loss.
You can already buy things with Digital Curriences it's just not Direct.. But your also not buying anything with Gold either.. Phase 1 Accumulation stage. Phase 2 everything priced in Bitcoin.
Can't I say the same about my bond holdings? My stock portfolio? My etf's or mutual funds? A brick of gold? The local grocery store won't accept those things either. Oh, unless/until I covert them to USD, which is exactly the same thing I can do with Bitcoin.
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Scaramucci has grown on me a lot over the years. Gladly puts himself below the one(s) he is interviewing or being interviewed by. Very Self reflecting, almost to the point of
self-deprecating, yet smart as f..
I find that interesting and very appealing. There is something to be said about not needing to prop one self up constantly.
Thanks for the time you take to do these kind of videos. I appreciate it. I know you don't have to. I like your take and style Raul too.
Of course they have to... They make money off of it. 🤣
@@funnyblooprs im sure they'll be fine without making youtube videos.
Love these guys. Appreciate you both. 🎉
I'm overall outperforming a lot of assets by holding Bitcoin and a few other top crypto altcoins.
When my percentage goes down it goes down about double that of the s&p100/500 but when it goes up it goes up like 5 times the S&P rate.
I don't think it is. Once bitcoin crosses it's all time high, it becomes the new bottom. Anything under 69k is a good buy. It's still advisable to work with a fiduciary advisor instead of relying solely on speculations
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new market opportunities, but over the past 5years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1million in gains… might not be a lot but i'm financially secure.
@@mariaguerrero08Mind if I ask you recommend this particular professional you use their service?
*Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Amazing content !!
Anthony is a very gracious host. Class act☝️
The best thing about these comments is just how early we are in this up trend I love still seeing people using tulip mania as an example of bitcoin. BTW tulip mania did last 15 years. Also I love all the people ducking on Raoul for his ETH call. Clearly they haven’t listened to him in about a year which also makes me very bullish people are still stuck in ptsd mode. You clowns in the comments stay bearish for me please!
Here hold my bag 😅
I would love to see your face in a few years. I’m picturing shock and horror. I’m 63 and went through 87 and the tech bubble in 2000. I’m afraid we are in for a ride and the Fed won’t be able to save us the same way they have in the last several years. Hang on to your hat and your portfolio.
@@timcarruthers2372 you comment makes no sense. So you entire argument is hinged on that your old and saw a market crash in the 80’s therefore you know what’s going to happen. How much of a tool and arrogant are you!
@@timcarruthers2372 I hope to see your face in a few years. I hope to see exuberance and gratefulness because you got it. Yeah, you saw some bad failures of the financial system. Crypto is the escape pod from that system. You should at least research the underlying tech very thoroughly before you dismiss it, cuz the tech aint going anywhere
It's pretty clear from your condescending comment who the real clown is 😊. Stay arrogant for us ;)
Awesome awesome awesome session. If you can continue to get high quality discussions around blockchain technology and cryptocurrency, I will personally not only watch these videos but I'll also make it my own mission to bring the rest of my financial services network in. Everybody is looking for blockchain content but from established educated veterans like Raoul Paul and Scaramucci - we aren't looking for bitboy crypto, altcoin daily or other people that didn't go to college and work at large respectable institutions like Goldman Sachs.
No link to Real Vision in the show notes? Whats Up Mooch?
These podcasts are great . Keep them coming
Fantastic video to share! Thank you!!
Love listening to Raoul … the both of you are Legends 🎉
That is a great talk to make my day better. Thankful for every moment! 💯🇱🇺🇱🇹👊
Legends!
There was never so much printed currency without any backing in the whole of humanity :-)
Two of my all-time favorite people! Decent and brilliant! my deepest, thanks to you both for sharing your knowledge and wisdom to help so many!!
The best performing asset for very, very small group of people.
That’s why you need to own some!
Could listen to RP all day. Such knowledge
Great interview guys! Two of the sharpest people in the macro space..
Many thanks for the insights!
It is clear that we are still early adopting crypto technology. I believe that Solana is the leading blockchain technology in this cycle
No it's not. It may be the biggest gainer, but the tech is absolute trash. The chain crashes every other week
@@flowbrandz316 I’m using solana everyday and never crashed on me. It is very congested network because of high volume. The volume in solana block chain has exceeded ETH, avalanche, SUI combined.
Ive sold all my stocks and put 90% of my liquid wealth into Bitcoin and MicroStrategy. Im not selling anything as i know i will screw it up and then regretting next year. Here we go.🎉
26:00 When Raoul mentions "The end of 2030" does he mean that year OR that DECADE....?!
That year
Raoul's AGI expectations are hilarious XD
The guy is clearly out of his depth on this topic, yet people are dumb enough to believe his nonsense...
agree re possibility that bear markets will be less severe in BTC going forward. Yes, bear markets will happen. But likely to be less severe than the 80/85 pct drawdowns previously seen , IMO.
Crypto enthusiasts have some interesting similarities.
Mostly delusional.
@@MarkMark-ji6ts Yep. Hustlers who play on the margins. Extreme promotors seeking win-lose transactions.
It’s only been 52 years since we left the gold standard.
@14:00 Bitcoin is the only asset on earth that protects growth evolution by being uninflatable and unhackable.
But etfs are centralising the network … that’s not good long term
This is a common misconception, share size of the asset itself has no bearing on the control of the underlying network. This is the distinction between the traditional financial system and the proof of work mechanism. The Winklevoss twins have owned 1% of the bitcoin supply for the last decade. Doesn’t matter, they cannot do anything to the underlying network. There’s no centralization merely based on position size.
I just read a book about Berlin after the war and the struggles of the populace. That situation underlines the value of gold , best of luck to crypto holders when the Ivans roll into town
Because gold was the best option until technology inevitably advances and we move on like with EVERY form of money in history. I have no doubt gold still has value but BTC will outperform it, gold has lost 99% of its value against BTC over 14 years.
Gold is valuable because the free market decided it was 5000+ years ago, now it’s more centralized and has been seized multiple times. Now the free market has chosen BTC. You can take a horse to work or take a car you decide.
Not to mention the 5-10% premium you pay for buying gold and the 3-5% below spot price you would get for selling it.
Ivan comes to the US, and he will find a rifle waiting behind every blade of grass.
@@usntheboy1 he’s coming by hypersonic missile this time .
Raoul has been wrong about etherium ..
So wrong. It’s a shitcoin. Going to zero
I remember listening to him in 2021 and predicting ETH will be $10,000 or $20,000.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA 'Grace Adams Cook' , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
If Bitcoin is the best performing asset then why did Rug Paul, sold all of his btc for eth and he told everyone that he only has 1 btc
Because he is Stupid.
FTX will pay value of assets as of time of collapse but the owners may receive money back? That's fu*ked up.
Very
Yes agree Raul Pal very good looking 😊
Cheeky Raoul - I think he benefits from the ETH premine, obviously ignore his biased advice 😉
I can't help but feel that this guys are trying to FOMO in the retail investors and I assume with a bit of confidence that you are too light already as for myself I'm up from 200 to 700% in general with all of my purchases, because I bought November 2022
Whats the name of the "Mass Adoption Law"...gettg older...short-term memory is weak now.
I've become a Mooch supporter. I admire your willingness to see the truth and adjust accordingly. Seems like yesterday when you proclaimed your love for 45 as press sec. It's great you now take a stand as a man and express yourself without fear.
Impressive, I’m targeting the mega jackpot on HugeWin this week.
@29:26 😂😂😂😂
Let's watch pumpers pump and stoke each other as we do it. So many gaps in his story "as more people become part of the network" lol people buying it in brokerages and hold hoping is more like it
I think it's negligent never to mention how to approach a market as far as WHEN and HOW MUCH to put in at a time. How do you expect someone who knows very little and puts their investment in at the top of the market to weather major corrections and crashes? Buy dips, Dollar Cost Average, etc. The crowd usually gets wrong footed. Please mention some basics so people have something to be aware of and avoid herd mentality which gets wrong footed and discouraged. Also, maybe consider pushing harder during the bear market when the prices were best.
Slight correction sweet dear host, the amazing Jackie Robinson was already a Professional Player in the Iconic, legendary and anthropocentric Negro Leagues prior to being hired and working in the predominately Caucasian league.
I think if you want to discourage anything like an FTX from ever happening again you give Sam B. life in prison and use him as an example of what can happen if anyone tries to do scams and take advantage of people.
Its pumped up held by whales and the amount of pumping turns me off.... also its lack of liquidity which is seen as a benefit ?
Too much of Bitcoin is tied up with too few.
@@shauntoomey3299 Yeah
Add to that no utilization whatsoever
You all had a chance to buy Bitcoin for years, and ya found every reason not too, so stop it with the "too much in too few hands." MONEY ALWAYS FLOWS TO WHERE IT'S TREATED BEST!
As far as no utilization you have power grid management (see Texas), sending money abroad reducing large fees from the MoneyGrams and Western Union, saving for your family’s future, micropayments, multisig treasury management, turning waste energy into profit to reducing methane emissions and building a surveillance-resistant digital commerce experience that even the unbanked around the world don't need permission to be a part of.
@@shauntoomey3299sounds like money 😂
I hope I am dead broke at 85 years old and did all the things I wanted..
Bitcoin not crypto
Scaramucci looks good for 60. I had no idea he was that old.
Dont fuck this up really means dont sell untill Pal and his VC friends dump their Solana on you.
English accent dude got destroyed by Schiff.
Capital Gains Tax should be inflation adjusted. But the government likes inflation, because it devalues the debt and allows them to tax you on gains that don't exist when you adjust for inflation!😅😅😅
Bitcoin only people..... 😊
Raoul pushed and pumped ETH 4 yrs ago and was wrong. It scares the shit out of me that he is now into BTC.
At least ETH has some utilization.
I mean he was also wrong about bitcoin going to 100k in 2021 but so was everyone. It still ran pretty hard since he got in lol I don’t think it’s quite time to start calling the top
He first recommended BTC in 2014 when it was $200
@@johns4412 Recommending is one thing. He chilled ETH like crazy in the last cycle. Just dig into facts and you will realize that he was way way of with his predictions.
Yeah and your gub'ment will tax you on that nominal increase in value when you sell that asset....ain't it grand?
I think you should buy bitcoin and gold to cover your bets,, a 73 yr old take on this....
Its fascinating how these guys are "inserted" and they become the soundbite factory of the legacy high table.. Then they "insert" the names of who is leading and who is best and this is not a new method of operation.. The fact is, the best blockchains and the best tech in the space are ignored and downplayed by these "inserted" mouth peaces.. Its the fiat daisy chain of control the makes sure the legacy always has the back door hack and the rug to pull in place before the herd the masses to them..Over and over again.. Do your own research and you'll find much better solutions with the smartest and well intending minds in the world building blockchain projects that blow these suggestions away.. be safe..
Raul Paul was/is massively wrong about crypto's rate of adoption and recently, he has been desperately trying to piggyback on AI hype to shill his crypto nonsense.
No one calls everything perfectly. But when you take the shittiest crypto Doge coin and it has better issuance than US Dollar.. It should trigger you to look deeper into the eco system. Bitcoin 21m coin Fixed supply..
@@primeix which one of your shitcoins, especially BTC, has US army behind them?
@@primeix oh, and we can make billions of BTC replicas. So "BTC supply is capped" argument is BS. Who cares? 😂
@@funnyblooprs no one wants the replicas
@@GetRoasted1 you didn't get the point. The point is that there is nothing special about BTC. People buying BTC are gambling. Replicas can be used for the exact same purpose.
Advising people in their 50s and 60s worried about their retirement to start putting money into the crypto ponzi scheme,
What could go wrong.
Need to do more research. Most things are a ponzi the us Dollar is a ponzi and being debased by 1 trillion printed every 100 days. At least bitcoin can't be inflated. 21m Fixed supply.
15 years is a bit long for a Ponzi no?
I never understand what’s people problem with Crypto. I remember when people were saying that internet companies were not real like General Motors or Philips because they were online.
Are you salty you didnt make money with Bitcoin? Do you have a problem with the rest of us who did and like the tech and the concept? What’s the source of your hate towards it?
Yeah the thing does 20x then falls 80% and goes on to make another 20x and so on. Nobody who ever bought bitcoin and didnt sell for 4 years ended up at a loss. In fact they all made terrific profits. So what is your problem with it really?
People, even rational ones, will look at something new to them, take in all the facts (what they think are all the facts) and then make a decision on whether something is good or not. The problem is, people don't change their minds when the situation changes. Whether its their favorite sports team, their political party of choice, whether or not to invest in crypto....sometimes rational people make a decision, and then instead of changing their mind or at least altering their thinking even slightly, they will dig in their heels even deeper reaching for reasons to put down something that is on the 'other side' of their initial thinking.@@Martinbal126
Measuring BTC since 2012 for comparison is so intellectually dishonest I’m shocked how often he does it. Why not measure from 0 then? It’s up INFINITELY wowowow 💀
Take it from 2016 at least, when it was a real market. Anything else is nonsensical.
Talk about survivorship bias. Anybody who owned BTC from the start had it hacked, lost or outright stolen 5x over.
He was such a massive shill for Ethereum last cycle, so it amuses me how he switched to Bitcoin. I don't really trust anything he says.
This guest gives me lots of confidence to continue to not buy Bitcoin at these astronomical highs.
🤦🏻♂️
One does not simply ignore the stock to flow model.
Reducing the supply by halving it is funny. Did Raul Pal actually, after so much bragging, calculate how much laving actually reduces the supply on daily bases. Obviously not. The halving will reduce supply by 0.05%! Everyone, truly interested, can actually calculate that based on the daily volume of BTC transactions. Now if one says that 0.05% supply reduction impacts the market one needs to either reconsider his/her views of what (manipulated) market is, OR just look what is the distribution of BTC holding based on addresses. In the both cases the logic tells something very different from the rosy picture described here, and that is in addition to the huge inefficiency of the distributed, consensus based, BTC protocol,
Are you assuming all BTC is for sale when quoting 0.05% supply change?
Most BTC is hodled, doesn't move for years.
The halving significantly reduce available BTC, and spotETFs only make supply tighter, without a price rise.
What Pal is saying is generally correct, but obviously, only a rising price would prove that.
@@01menyou just look at the daily volumes and that tells you a lot how much is being moved.
@EfficientEnergyTransformations are they though?
The PM markets have enormous aledged trades that never go to completion.
I doubt much BTC is available to buy, except from miners.
We will soon see sure enough.
Only a severe shortage of coins to buy will produce 100k+ this year.
If that happens, and I say that and a lot higher, then there must've been a shortage somewhere.
@@01menyou sure PM markets (and not only them, but all commodity markets) have future overlays some of them morphing in speculative trades that never go to physical completion/transaction but only electronic ones. Now if that were to be true for BTC, without a defined futures market, it would mean that the BTC market is controlled/manipulated, in a very similar way, as the commodity markets are, but without any defined futures framework. Were it possible, I guess it could be, but then I would imagine that the situation is even a lot worst then I could have imagined, considering that at least for the commodity markets there are physical barriers that eventually prevent enormous distortions. For BTC, if again the above were true, I could not see any physical barriers for such manipulations, especially considering the concentrated BTC holding distributions.
Hedge funds and family offices are loading up on btc etf as a TRADE. Rug incoming baby!😂
Cancelled my multi-year subscription today. This channel makes no sense anymore. I won't even begin to explain.
You lose then
No need to announce your departure. This isn't an airport.
@@barfyman-dm6zx😂
@@barfyman-dm6zx😂
Don’t let the door hit you on the way out
guys stick to the macro and trades, don't try to explain blockchain tech and L1's lol
Lots of things have been the best investment in history, till they're not... tulip bulbs in holland in the 17th century. Same with the Mississippi company in france in the 18th century. Both went to zero. Bitcoin might prevail but im not willing to bet on it.
There have been lots of bubbles in history (obviously you pick a couple.) But what defines a 'bubble' is 'explosive growth' followed by it 'bursting' and collapsing to oblivion. If you look at bitcoin's chart you will see 'at least 3 bubbles' (10x or more) and at least 3 collapses (70% or more). But the fact that it has recovered each time (and gone on to new highs) implies it has a resilience as an asset.
@@RobCollins2015these people are salty they didnt buy back then. They will forever scream that its a bubble or a ponzi or a scam just to seem smarter than the rest. Wall street capitulated on their hate on BTC with the ETFs, yet these “qualified investors” missed the trend of the decade and still call it a bubble 😂
What are you willing to bet on? US government bonds?
that is actually quite sad that you are not willing to put even a small chunk of your wealth in this asset class. Probably similar mindset as many had during the adoption of the Internet amongst many many other technological advancements over the centuries. Your loss.
What’s your point? Never invest?
Good luck going down to your local grocery and buying a loaf of bread with Bitcoin...
You can already buy things with Digital Curriences it's just not Direct.. But your also not buying anything with Gold either.. Phase 1 Accumulation stage. Phase 2 everything priced in Bitcoin.
Can't I say the same about my bond holdings? My stock portfolio? My etf's or mutual funds? A brick of gold? The local grocery store won't accept those things either. Oh, unless/until I covert them to USD, which is exactly the same thing I can do with Bitcoin.
Actually Coinbase has a charge card and you can use crypto to buy anything
This was addressed in the video. Why post a comment when you didn't watch the video? Lol
Do you buy bread with your house?
Seriously.... this sounds a lot like a Pyramid GRQ (Get-Rich-Quick) scheme to many people.
Sponge V2 needs to prove it's got something new to offer, or I'll be back to HODLing the original meme coin 💪📉