Bitcoin is about to anger a bunch of gold investors

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5G
There is no Law Requiring most Americans to Pay Federal Income Tax


Summary

➡ The article discusses the rising popularity of Bitcoin, which is predicted to replace gold as the top store of value in the next decade. This is due to Bitcoin’s recent surge in value, reaching over $100,000 for the first time, and the increased interest from investors. The introduction of Bitcoin ETFs and updated guidelines making it easier for companies to hold Bitcoin have also contributed to its growth. Despite some resistance from traditional gold investors, the author encourages exploring and investing in Bitcoin as a profitable venture.

Transcript

I love gold! The smell of it. The taste of it. You know, I once lost my genitalia in a rare smelting accident. Enough of that. Let’s get to the story. Hey, economic! No, I’m the economic ninja here. I hope you’re doing well. We’re gonna talk about how Bitcoin just keeps on pissing off the gold people. Whoo! Now look, I own gold. Love it. I own Bitcoin. It’s cool. But you know what? There’s a benefit to owning both. Check out this story. It’s out of, who cares? Bitcoin will replace gold as the premier store of value asset in the next decade, Bernstein says.

It says Bitcoin just topped $100,000 for the first time and it’s a milestone for the crypto that has put its path forward to replace gold as the top store of value in the world economy. This is from Grotman Chulimi wrote, our conviction in Bitcoin is beyond cynical gyrations. You know, I don’t gyrate very often, but cynical ones sound interesting. Says here, we expect Bitcoin to emerge as the new age premier store of value asset, eventually replacing gold over the next decade and becoming a permanent part of the institutional multi asset allocation and excuse me, man, and I’m not going to edit that out.

Get back to this, ninja. Look, Bitcoin’s kicking gold’s butt right now. And it’s not because it’s not as big as gold. Gold’s like a $19 trillion asset, but it’s climbing fast and it’s making a lot of people wealthy. It blows me away how many gold investors are so against crypto. They won’t take five minutes and $5 to figure it out and buy just a little bit of it. Just see what it does and goes, you know, maybe there’s something interesting to this. Now says here, again, we expect Bitcoin to emerge as the new age premier store of value, right? This prediction came after Bitcoin broke through the $100,000 mark a little while back.

Crypto has surged since Donald Trump’s election with investors gearing up for more crypto friendly administration and regulatory environment. Such skepticism has kicked off a wave of buy and hold activity across Wall Street. Bitcoin spot ETFs have accumulated around $100 billion since they were launched earlier this year. That’s when I came out on the channel and says, you know what, depending on no matter how you feel about crypto and Bitcoin, you need to learn about it right now because this is a tin. And it was because of those ETFs that came out to email and how that was going to drastically change everything.

What are you guys looking at? Anyway, according to bit Bernstein, ETFs have boosted Bitcoin store of value. I’ve been telling people this because all of the money that’s flooding in from funds and retirement accounts and things like that, right? So they got to go buy the underlying asset. You don’t see companies doing that or ETFs or hedge funds or all those companies going out and buying a ton of gold, right? So you got to go where the money’s flowing. According to Bernstein, ETFs have boosted the store of value allure by offering traditional investors a more convenient way to hold the token.

Meanwhile, updated guidelines from the Financial Accounting Standards Board will make it easier for corporations to hold Bitcoin on their balance sheets, facilitating further adoption. Hey, if you can’t stand Bitcoin and you think it’s fake, do me a favor and put it down below. I love reading those comments. You know, if you’re like a staunch golden silver guy, hey, I am too. Good news. I’m about to buy a boatload more of it because I’m going to transfer my Bitcoin to silver in 2025. It’s going to be awesome. But that’s just my thing.

I just like making money. If you like making money, do me a favor type. I like making money. Then I know you’ve watched the video. Also, if you want to learn about this stuff, I’ll put a sale link down to the basic course of the Bitcoin XRP 101 accelerator. It’s basic. I’ll just warn you, it’s basic. It’s supposed to teach people that know nothing about this, how to safely buy it, store it, all that stuff, because I didn’t have that when I was growing up in crypto. Bitcoin’s evolution to a buy and hold institution class could chip at gold’s role in international finance.

That buy and hold is going to happen with the ETFs because they’re not selling. These big companies are micro strategy. They ain’t selling. Yeah, there’s people staring at me on a tricycle. Who cares? It says here, traditionally, the yellow metal is held in global reserves due to its finite supply, which boosts its price over time. But Bitcoin is similarly designed and is predestined for a maximum supply of 21 million tokens. You can’t make any more. It’s called consensus. All the computers running the code have to agree. It’s crazy. Think about it.

Think about gold, where banks just lie about how much there is and all of that stuff. All right. Someone Wall Street even expect Washington to embrace Bitcoin store of value, a tribute calling for the Trump administration to introduce a national Bitcoin reserve. When this happens, the bill’s already been written. Trump’s already talked about it. He likes it. It’s going to cause the price to go up even more. So what are you going to do? Are you going to sit on the sidelines and let this happen? Or are you going to be part of this? I’m just saying there’s some more upside in my, I mean, I’m a dude on a tricycle.

What do I know about crypto or gold? But I’m buying more. You know, I think we’re going to see some upside in 2025. And I like making money. Since your senator, Cynthia, Cynthia Loomis has suggested that the government could buy more Bitcoin for this goal by setting Fed held gold certificates. You know, it’s really interesting how, you know, gold’s going to keep going up, I believe in the long term, right? There’s no replacing goal as God’s money. So it’s silver. That’s why I can’t wait to make this Bitcoin to silver trade.

But the thing is, I wouldn’t be able to do it by as much silver as I’m buying if I didn’t have something else that’s going up exponentially in value. And that’s why I think people should try. And there’s a lot of people go, I’m not techy. Well, I solved that for you. I mean, it’s I don’t want to tell you. The fact of the matter is there’s a revolution happening. You remember Katie Couric? You remember that famous thing where she’s like, who’s going to send mail over the internet? That is like the silliest thing I’ve ever heard.

Yeah. What does Katie Couric have to answer every day? Boatload of emails. But hey, you know, I guess rich people can, or famous people can just be stupid. But again, don’t listen to me. I’m a dude with a bro-hawk and a dream. And that dream’s of making money. So look, here’s the deal. If you want, I built the most basic course that I could ever give to teach people how to buy crypto without knowing anything. If you want to take a look at it, I’ll put a link down below. It’s actually got rave reviews.

I mean, here, if you’ve taken the course, put it down below if you like it. That that’s that the comment section is my grade book. I really want people to try it out because a little bit, five bucks, 20 bucks, and you’re like, yeah, but it costs a hundred bucks for the course. Well, I don’t, you know, a good education always costs you money. And if you use it, right, it makes you money. All right. With that being said, the economic ninja is out. [tr:trw].

See more of The Economic Ninja on their Public Channel and the MPN The Economic Ninja channel.

Author

5G
There is no Law Requiring most Americans to Pay Federal Income Tax

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