3 years ago

201

Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

Get my best-selling Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ/

Join the Trader University email list:
https://www.trader.university/email-list

In this video, I discuss the ideal properties of a monetary good, and why Bitcoin is superior to precious metals like gold and silver as money.

1) Gold and silver are more prone to centralization and capture, because it is much more difficult to move them around, store them, assay/verify them, etc.

2) Because gold and silver also have industrial uses, commodity demand for them can distort their signal as pure money.

Of course, gold has a 10,000 year history, while Bitcoin does not. So did the horse, before it was supplanted by a better technology (the car).

Not investment advice! Consult a financial advisor.

Executive Order 6102:
https://en.wikipedia.org/wiki/Executive_Order_6102

Satoshi talks about a grey metal:
https://satoshi.nakamotoinstitute.org/quotes/economics/?order=desc

Germany repatriates $31 billion in gold:
https://money.cnn.com/2017/08/23/investing/germany-gold-reserves-new-york-paris/index.html

Car being pulled by a horse:
http://4.bp.blogspot.com/_i_AovfzNXgQ/TRkEX7UZNJI/AAAAAAABZwM/Z7_9sdR2syE/s1600/Horse_drawn_US_Mail_car.jpg

Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99

Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#gold
#silver

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

Loading comments...