Million Dollar Bitcoin

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In this video, I discuss Balaji's Bitcoin price target of $1 million in 90 days.

After pumping shipcoins for the past few years, it appears that Balaji has returned to Bitcoin, mostly in an effort to bolster his personal reputation by aligning himself with Bitcoin's coming success.

I think that his price prediction is quite over the top, but directionally correct, especially given the current financial crisis and the Fed's turning the money printers back on.

Bitcoin is the only asset in the world that has:

1) No counter-party risk (if you hold your own private keys)
2) No debasement risk

In a time of bank runs and monetary debasement, this makes Bitcoin increasingly attractive as a safe haven asset.

Gold also has these same bearer asset characteristics, but it is bulky, difficult to store and assay and transport, and makes zero sense in a digital age.

We are continuing to see all assets (including "crypto," tech stocks, bank stocks, stock indices and even gold) rapidly lose value when measured against Bitcoin, as Bitcoin begins to finally be recognized as the safe haven asset that it has always been.

Not investment advice! Consult a financial advisor.

Be Your Own Bank With Bitcoin:
https://www.youtube.com/watch?v=nDsqTIMSpC8&ab_channel=TraderUniversity

Fed goes back to quantitative easing (QE):
https://fred.stlouisfed.org/series/WALCL

Bitcoin hashrate chart:
https://www.coinwarz.com/mining/bitcoin/hashrate-chart

Balaji predicts $1 million Bitcoin price in 90 days:
https://decrypt.co/news-explorer?pinned=134819&title=balaji-srinivasan-bets-on-bitcoin-reaching-1-million-due-to-hyperinflation

Balaji pumping Solana:
https://twitter.com/balajis/status/1394782976978800643

Solana Billionaire VC's Are Laughing At You:
https://www.youtube.com/watch?v=nBHH0k8EOHE&ab_channel=TraderUniversity

Coinbase gets a Wells notice:
https://www.bloomberg.com/news/articles/2023-03-22/coinbase-coin-gets-sec-wells-notice-over-crypto-offerings

Do Kwon finally arrested:
https://www.bloomberg.com/news/articles/2023-03-23/terrausd-ust-stablecoin-creator-kwon-believed-to-be-arrested

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
#crypto

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