Bitcoin For Beginners (2023)

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In this video, I discuss Bitcoin for beginners.

Bitcoin is a new kind of money that is very special for three reasons:

1) Bitcoin was not issued by a government or corporation. It's a new neutral form of money that cannot be manipulated by government officials or corporate insiders or anyone else. There's nothing else like this-- not Ethereum, not Cardano, not anything else.

2) Anyone can send Bitcoin to anyone else in the world (p2p), without using a 3rd party like a bank or other financial services company.

3) Bitcoin's supply is capped at 21 million. It's difficult at first to understand how this cap is enforced, but trust me for now. Bitcoin is actually more scarce like gold, which makes it an even better store of value than gold over long periods of time.

Not only is Bitcoin an excellent savings and retirement vehicle, but it can also be used as an easy and low-cost way to send remittances to other countries.

Bitcoin is a life raft for refugees, who no longer need to leave their savings behind when they flee their country.

Bitcoin is also a life raft for those who choose to remain in an unstable country and want to hide their savings from an authoritarian ruler or protect it from high inflation.

When you are first learning about the space, focus on Bitcoin not "crypto." Crypto is mostly scams and unregistered securities, as we saw with Do Kwon (Terra Luna) and Alex Mashinsky (Celsius) and Sam Bankman-Fried (FTX) in 2022.

By contrast, Bitcoin is a unique and benevolent digital asset. Bitcoin is ethical money for the world's 8 billion people.

Not investment advice! Consult a financial advisor.

Search my YouTube videos here:
https://www.youtube.com/@TraderUniversity/videos

USD losing purchasing power over time:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-U.S.-Dollar.jpg

The Naira Crisis Is Fueling Bitcoin Adoption In Nigeria:
https://www.nobsbitcoin.com/the-naira-crisis-is-fueling-bitcoin-adoption/

Chart of Bitcoin denominated in Lebanese Pounds:
https://tradingeconomics.com/btclbp:cur

Great places to buy Bitcoin:
https://strike.me/
https://www.swanbitcoin.com/
https://river.com/

Great Bitcoin wallets:
https://muun.com/
https://bluewallet.io/

Satoshi's cup of coffee:
https://www.youtube.com/watch?v=GUe0UIA4Ius&ab_channel=TraderUniversity

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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