IT'S OFFICIALLY GAME OVER: You Will NEVER EVER Be Able To Buy As Much Bitcoin As You NEED, Good Luck
Summary
TLDRThe speaker passionately discusses the growing wealth consolidation in the cryptocurrency space, particularly Bitcoin, highlighting the increasing accumulation by the wealthy. They express concern over the potential exclusion of the average person from participating in Bitcoin's future value, as the top 1.8% of wallet addresses hold 90% of the supply. The video emphasizes the importance of understanding and investing in Bitcoin to secure financial legacies for future generations amidst the ongoing wealth transfer.
Takeaways
- 😀 The speaker emphasizes the importance of liking and engaging with the channel to support the algorithm and the content creation.
- 🚀 Bitcoin was created for everyone and is intended to be accessible to the masses, but the speaker criticizes the skepticism and ignorance from both within and outside the cryptocurrency space.
- 📉 The speaker has faced criticism for being involved in crypto, especially when prices fall, with people often expressing doubt or making light of the market's volatility.
- 💰 There is a significant amount of institutional and wealthy individual investment in Bitcoin, with companies like Black Rock and Fidelity entering the space and advising their clients to allocate significant funds to Bitcoin.
- 📈 Bitcoin's price has seen substantial increases over the years, with predictions ranging from $2,000 to over $1 million per coin, and the market cap has already surpassed the $1 trillion mark.
- 🐳 Despite the increase in Bitcoin's value, there is ongoing 'whale' buying activity, with large holders accumulating more coins and contributing to a decrease in the available supply.
- 🤔 The speaker questions why people are not holding Bitcoin, especially when there is clear evidence of its growing value and acceptance among the wealthy and institutional investors.
- 📊 Data from on-chain analytics companies like bit info indicates that a very small percentage of Bitcoin wallet addresses (1.8%) hold a majority (90%) of the Bitcoin supply.
- 🌐 The speaker predicts a future where Bitcoin is so valuable that it will be impossible for the average person to own a significant amount, due to the current consolidation of wealth by the rich.
- 💡 The speaker expresses concern about wealth consolidation in the crypto space and the potential for a small number of individuals to control a large portion of the Bitcoin supply, leading to a significant wealth transfer.
- 🔥 The speaker passionately advocates for the importance of investing in and holding assets like Bitcoin, with the goal of creating a lasting legacy for future generations.
Q & A
What is the main topic of the video script?
-The main topic of the video script is the wealth consolidation in the cryptocurrency space, particularly focusing on Bitcoin, and the increasing concentration of Bitcoin holdings among a small percentage of wealthy individuals and entities.
What does the speaker believe is the purpose of Bitcoin?
-The speaker believes that Bitcoin was created for everyone and is meant to be accessible to the masses, offering a new asset class for the world.
Why does the speaker mention criticism from within and outside the cryptocurrency space?
-The speaker mentions criticism to highlight the skepticism and resistance he has faced over the years for advocating Bitcoin, despite its growing adoption and value.
What does the speaker suggest has been a driving factor for the increase in Bitcoin's value?
-The speaker suggests that the increase in Bitcoin's value is driven by the accumulation of Bitcoin by wealthy individuals, companies, and even some central banks, which is reducing the supply available to the general public.
What is the significance of the statistic that 1.8% of Bitcoin wallet addresses hold 90% of the supply?
-This statistic signifies a high level of wealth consolidation in the cryptocurrency space, indicating that a very small percentage of wallet addresses control a vast majority of Bitcoin, potentially limiting access for the average person.
What does the speaker predict about the future distribution of Bitcoin?
-The speaker predicts that the distribution of Bitcoin will become even more concentrated among the wealthy, with the 90% figure possibly increasing to 92% or 93% as the supply becomes scarcer.
Why does the speaker express concern about the current state of Bitcoin adoption?
-The speaker is concerned because despite the growing evidence of Bitcoin's value and potential, there is still significant skepticism within the cryptocurrency community and among the general public, which may lead to missed opportunities for wealth accumulation.
What is the speaker's view on the role of traditional assets in wealth consolidation?
-The speaker views traditional assets like stocks, land, and even water as part of the wealth consolidation process by the rich, who continue to accumulate these assets even as they explore and invest in new asset classes like Bitcoin.
What advice does the speaker give to his audience regarding Bitcoin and other cryptocurrencies?
-The speaker advises his audience to pay attention to the ongoing developments in the cryptocurrency space, to understand the significance of Bitcoin's growing value, and to consider investing and holding onto these assets for potential long-term gains.
How does the speaker describe the potential future scenario where Bitcoin's value significantly increases?
-The speaker describes a future scenario where Bitcoin's value could reach millions of dollars per coin, leading to an even greater wealth gap between those who hold significant amounts of Bitcoin and those who do not.
What is the speaker's ultimate goal with his channels and the information he shares?
-The speaker's ultimate goal is to inform and educate his audience about the inner workings of the cryptocurrency space, particularly the importance and potential of Bitcoin, in hopes that they will make informed decisions and potentially benefit from the wealth transfer happening in the space.
Outlines
🤔 Cryptocurrency Skepticism Amidst Growing Interest
The speaker addresses the skepticism surrounding Bitcoin despite its growing popularity and adoption by major financial institutions. They discuss the criticism they've received for being involved in cryptocurrency and the public's mixed reactions to market fluctuations. The speaker highlights the increasing news of significant Bitcoin investments by large entities like Black Rock and Fidelity, and the continuous accumulation by 'whales', or major holders, which is causing a decrease in available Bitcoin in the market. They emphasize the importance of understanding the cryptocurrency space and the potential missed opportunities for those not participating.
📈 Wealth Consolidation in Bitcoin and Its Implications
This paragraph delves into the concentration of Bitcoin ownership, with 1.8% of wallet addresses holding 90% of the supply. The speaker questions why, despite the clear trend of wealth accumulation in Bitcoin by the rich, there is still skepticism about its value and potential. They discuss the historical context of Bitcoin's distribution and the shift towards centralization, with the wealthy buying and holding onto large amounts of Bitcoin. The speaker also speculates on the future value of Bitcoin and the wealth disparity that could arise if the current trend continues, urging viewers to pay attention to the ongoing wealth transfer in the cryptocurrency space.
🏛️ The Future of Bitcoin and Wealth Inequality
The speaker forecasts a future where Bitcoin's value could skyrocket to unprecedented levels, with predictions ranging from $1 million to $24 million per coin by 2045-2050. They express concern over the potential wealth inequality that could result from the current trend of wealth consolidation among a small percentage of Bitcoin holders. The speaker argues that the rich are thriving and will continue to do so as they accumulate assets, including Bitcoin, which was originally intended to be accessible to everyone. They emphasize the importance of understanding and participating in the cryptocurrency market to secure financial stability for future generations.
💡 The Importance of Digital Scarcity and Asset Accumulation
The speaker discusses the concept of digital scarcity and how it contrasts with the traditional understanding of abundance. They highlight the consolidation of assets, including stocks, land, and now Bitcoin, by the wealthy. The speaker warns that the current distribution of Bitcoin, with a small percentage of wallet addresses controlling a large portion of the supply, could lead to a future where Bitcoin is as scarce and valuable as a house, making it a commodity for the ultra-wealthy. They stress the need for individuals to recognize the significance of asset accumulation and the potential long-term consequences of not participating in the cryptocurrency market.
🚀 Embracing Bitcoin as a Legacy-Building Asset
In the final paragraph, the speaker reflects on their personal journey and commitment to cryptocurrency, particularly Bitcoin, as a means to build a legacy for future generations. They express a desire for their children to be well-off and to have a significant advantage in life. The speaker encourages viewers to invest in and hold onto assets like Bitcoin, as this is what the wealthy have been doing for centuries. They conclude by reiterating the importance of understanding and participating in the cryptocurrency market to secure one's financial future.
Mindmap
Keywords
💡Bitcoin
💡Cryptocurrency
💡Wealth Consolidation
💡Skepticism
💡Market Cap
💡Whales
💡ETFs
💡Onchain Analytics
💡Satoshi
💡Wealth Transfer
💡Asset Class
Highlights
The channel discusses the ongoing topic of Bitcoin being created for everyone but facing criticism from both within and outside the cryptocurrency space.
The speaker has faced criticism for being involved in crypto, with people showing interest only when prices drop.
There is a continuous skepticism within the crypto space despite the growing institutional interest in Bitcoin.
Major companies and the wealthiest clients are increasingly investing in Bitcoin, allocating significant portions of their portfolios to it.
Bitcoin's price predictions have consistently been surpassed, with the market cap reaching a trillion dollars despite initial skepticism.
Whale buying activity in Bitcoin is ongoing, with large amounts being accumulated by a small percentage of wallet addresses.
The channel aims to inform about the inner workings of the cryptocurrency space, especially when significant events occur.
19 world banks admitted to holding millions or billions of dollars worth of Bitcoin, both spot and ETF.
The speaker questions what is stopping people from buying Bitcoin, given the wealth accumulation by the rich in the crypto space.
Onchain analytics show that less than 2% of Bitcoin wallet addresses hold 90% of the Bitcoin supply.
The idea that Bitcoin is made for everyone is being challenged by the wealth consolidation among the rich.
The speaker predicts a future where Bitcoin is impossible for the average person to acquire due to wealth consolidation.
Cryptocurrency analysts and professors are discussing Bitcoin's potential price in the next few decades, with some predicting millions per coin.
The speaker emphasizes the importance of buying and holding assets, particularly Bitcoin, to create a legacy for future generations.
Wealth consolidation in Bitcoin is compared to the consolidation of stocks, land, and resources by the wealthy.
The speaker warns that the wealth transfer happening in Bitcoin may result in regret for those who do not participate early.
The final highlight emphasizes the importance of being diligent, investing in the market, and holding assets to ensure wealth for future generations.
Transcripts
Hello everybody welcome back to the
channel where we talk about stuff don't
forget to leave a like as it does help
out the channel helps out the algorithm
and it's also free to do this feels like
something that's been a long time coming
and I mean so I have this channel Money
Rules and I have another Channel called
the modern investor um this has been a
continual topic and you might have even
realized in the last 2 years
uh it's ramped up quite a bit uh the
issue is and I'll try and say this as
nice as humanly possible the issue
is Bitcoin was created for everyone I
think we can agree on that that's
literally the point of what Bitcoin is
for for the world it's for the
masses as long as I've been in the
cryptocurrency space I've had nothing
but criticism thrown my way that's
criticism from people in the space and
far outside of the space I've told you
over the years if people find out that
I'm into crypto at all a lot of times
these people also pay attention to the
charts I think it's a bit of jealousy
and they also want to be in the market
but they're not brave enough to do so at
some point if prices fall down I've had
people I told you literally come up to
me friends or acquaintances and they'll
go like how how's how's that Bitcoin
doing I saw it drop by 10% and kind of
like you know they they they pretend to
have a conversation with you but they're
just being ridiculous is is the nicest
word but they even have people within
the cryptocurrency space people outside
I can understand them being ignorant if
you are stupid you're probably not going
to enter this Market if you have any
kind of brain if you understand the
basics of the the the the the World At
Large economics and you've seen things
that how they've been going on you heard
about Bitcoin you learned about Bitcoin
you get into the space crypto bam
surprise a lot of people within crypto
are skeptical as well you you'll see
exactly where I'm I promise you'll see
exactly where I'm going with
this every day not some of the days
every day there's gigantic crazy
Monumental insane bitcoin news we hear
that Black Rock is getting into the
space they told their wealthiest clients
to allocate millions of dollars from
their portfolio into Bitcoin Fidelity
gets into the space these other
companies are buying hundreds thousands
and hundreds of thousands of Bitcoin at
any given
time we started getting price
predictions years ago bitcoin's going to
$2,000 bitcoin's going to $55,000 Mike
novag grat became popular because he
said bitcoin's going to
$110,000 people inside the space
Bitcoin can't hit that that his market
cap would have to be too high we hit
10,000 people go we're going to a
$50,000 Bitcoin I Bitcoin can't go to
50,000 its market cap would have to be
over a trillion dollars it just doesn't
make any sense bam we hit a trillion
dollars people keep buying up more
Bitcoin there's less Bitcoin in the
market the whales continue to buy
there's whale buying news every single
day every time that there's outflows
from the ETFs there's inflows into whale
wallets there are certain Bitcoin
wallets that have never sold never
they've only accumulated over the course
of anywhere from the last nine to the
last 14
years still people are skeptical one of
the main things one of the points of
this channel in particular is to let you
know kind of the inner workings of the
cryptocurrency space if crazy stuff is
happening I bring it to you if I feel
like you have to know about it I bring
it to you if we hear that the wealthiest
people on the planet are for goinging
investing in the US dollar in Bonds in
stocks and they're choosing to allocate
their money to bitcoin I tell you about
it we had news like this for years and
the craziest what I thought would kind
of be the crescendo you know like
breaking the everyone definitely
jumps on
board a couple of months ago uh the
basil Banking Committee and the bank of
international settlements uh came
forward because they were they they
asked I think 27 of the world's largest
central banks and they said hey you guys
got any crypto and only 19 of the banks
responded the other ones were like I'm
not telling you jack didley squat 19
World Banks admitted that they hold
Millions hundreds of millions or have
allocations into billions of dollars
worth of bitcoin that's both spot and
ETF upon hearing this news I remember
asking the question for people to tell
me in the comment section I said what is
stopping you from buying Bitcoin what
exactly in the olden days in 2015 2016
if you didn't believe you didn't
understand you were fooled by a couple
millionaires in billionaires who also
then subsequently got into the space
it's understandable it was brand new if
you've been watching me for a couple of
years and for some reason your mind
can't conceptualize having Bitcoin in
your portfolio but you hold Dogecoin
shbu Pepe coin you you name it why are
you not holding Bitcoin and I got tons
of responses Bitcoin is too slow Bitcoin
is this Bitcoin is blah blah blah I
don't understand how you can follow this
channel how we can have news daily
because this is a Daily News Channel the
same as the other channel
daily and you can still be lightly
skeptical about
anything when you talk about the amount
of Bitcoin that rich people have been
accumulating like I said the last two
years were like a big ramp up in some
sort of way this energy became really
really intense and I was telling
everyone I was like something's off
there's too much buying of Bitcoin even
as prices were down we always get prices
areow low we're in the bare Market
people are buying behind the scenes we
may get like one good news story every
couple of months but there's always some
kind of buying news that's somewhere in
the
space when we hear that these companies
I'm trying to I'm trying to I'm trying
to like make sure that I that I give you
that I give you everything because I
want you to understand why this happened
and why it's going to continue happening
a company by the name of bit info there
are a number of onchain main analytics
companies they go through the chain they
go through the numbers they they they
figure out who's buying what who shifted
money where that that kind of that kind
of
thing on bit info charts the data is
showing that of all the Bitcoin wallets
that exist all the Bitcoin wallets that
exist
1.8% less than 2%
less than 2% of all these Bitcoin wallet
addresses are holding 90% of the Bitcoin
Supply
90% 90 90% of Bitcoin is held by 1.8% of
wallet addresses a number of years ago
this used to also be a major Topic in
2017 2018 and people would go Bitcoin
centralized why do they have so many
coins and over the years we actually saw
these coins flow out of a lot of like
major addresses and they were at least I
hoped were flowing back into the the
pockets and the wallets of like everyday
normal
people the idea is is he hear me out
here the idea is that Bitcoin is made
for everyone but if everyone's not
paying attention who's going to pay
attention it's rich people rich people
already own all the assets on the planet
the last 2 years I I don't think I've
never ranted more in my entire life and
I kept on saying we are going to live in
a world where Bitcoin is
impossible for the everyday person to
actually have that was met with
skepticism what are you talking about
there will always be some kind of
Bitcoin on crypto exchanges and I say
you're you're you're you're not you're
you're you're not paying
attention the average person the average
person right now is able to get around a
million Satoshi for around
$600 in the future this number will be
around 15,000 Satoshi there's a huge
difference between 15,000 SATs and a
million
Satoshi if we are in 2024 at the time of
me making this video and out of all the
Bitcoin addresses
1.86 are holding and controlling 90% of
Bitcoin Supply I ask the question what
happens to their wealth when Bitcoin
goes to
100K how rich are these people when
Bitcoin hits a half a million dollars
per coin we recently had I mean a slew I
mean an absolute Avalanche of
cryptocurrency professors and analysts
and yada yada y discussing where
bitcoin's price is going to be in the
next decade to 2 to three decades a lot
of them stopped at around the year 2045
to
2050 there are idea was that in the next
couple of years bitcoin's probably going
to hit a million dollars per coin that
by the time we get to the 2030s 2040s
we're probably going to see a 7 to10
million Bitcoin at some point one of the
the most bullish cases was by 2045 2050
I believe it was a 23 or $24 million
Bitcoin I said before in this Channel
and I meant
it if we get to these numbers in the
future don't complain don't get UPS set
don't get angry I've dedicated a large
and and and and I mean it's true I've
dedicated a large portion of my life to
these channels to these two channels the
the other one i' I've been doing for
almost nine years now literally almost a
decade of daily cryptocurrency news with
99% of it being about Bitcoin because
Bitcoin is usually the main thing that's
in the
news the crazy part is is that even
during this there's still someone who's
skeptical I don't know how to put it
into words I I told you this what
happened years ago not only the the mass
accumulation by whales and rich people
but I have this Vision I know it sounds
crazy of the world in the
future the rich are thriving like
they're not doing well they're doing
better than you could even begin to
imagine right now it's because they have
all the assets I think Bitcoin was kind
of the final frontier of a new asset
class that was made for the everyday man
that everyone could have gotten
into we're seeing even though the stocks
are all over the place there's still a
hyper consolidation of stocks for
wealthy families even as prices drop
they want these stocks because they know
eventually they will go back up we're
seeing a consolidation of land by rich
people buying the richest land on the
planet buying entire countries and
cities look it up they're buying water
they're buying lakes around the world
look it
up Bitcoin and crypto for me were kind
of this thing where I was like we're at
the head of the curve we can front run
this entire thing we can make sure that
the everyday
person has enough crypto has enough
Bitcoin so that when Bitcoin goes to a
million 7 4 14
2895 million the everyday person has
fragments of a Bitcoin and they and
their family are
rich I think that's no longer possible
that's not a joke I'm telling you this
as honestly as I possibly
can 1.8% of wallets are holding 90% of
Bitcoin in their in their data they said
the craziest part about all of this the
90% represent around 1 million
wallets you hear the news and you go
cool that's 1 million
people that's 1 million people who have
all these
coins then you realize very quick people
don't put all their all their coins into
one basket rich people tend to separate
their assets into multiple different
places as a just in case as I told you
before I like Ledger because I I refuse
to have all my money in one spot on One
exchange on one this I have it multiple
different places as a just in
case the problem is is that these one
million wallets are probably belonging
to half a million people potentially
250,000 people and it might just be
100,000 people on the planet they're
more optimistic and bit info said here's
the optimism of those 1 million
wallets this is in a world of 8 billion
people if Bitcoin were evenly divided
amongst everyone on the planet everyone
would be able to have a
maximum of
300,000
Satoshi
maximum if it were evenly divided there
are companies that have 200,000 Bitcoin
there are brothers in the space that
probably have over 300 400,000
Bitcoin there are ETFs holding coins for
the richest people on the planet over a
million
Bitcoin we're witnessing the shift that
I spoke about two years ago a year ago 6
months ago and three months ago where
the rich people are going to hold all
the Bitcoin you don't understand wealth
consolidation it's because we have lived
in a world of relative abundance
you go to the supermarket you see that
some stuff isn't there you go back a day
later it's back you go to the car lot
you don't see the car that you want a
month and a half later the car is there
there's always something new the idea of
digital scarcity is something that the
world is going to have to Grapple with
because it's something that we're
currently dealing
with in about a
year two and a half
years we are going to see that 90% of
the entire Bitcoin Supply move to around
90 2 or
93% they are going to hold all the
Bitcoin and they won't let it go we've
had things before where they would you
know these surveys and yada yada yada
the average millionaire and billionaire
has no intention of ever selling their
Bitcoin and or they don't plan on using
until bitcoin's in the millions of
dollars so that they only have to sell
fragments of their Bitcoin so that they
keep their 350 Bitcoin in their 10,000
and 200,000 Bitcoin that they have so
that they Remain the wealthiest people
on the planet wealth is what you have
that you don't spend that you hold on to
and that you also pass down to the Next
Generation we are witnessing the wealth
transfer and the skepticism within the
cryptocurrency space is going to cause
tens of hundreds of millions of people
to have you know those those moment
moment where you sit there and you go ah
of course I should have gotten that oh
my gosh of course I knew the price was
going to go up people aren't prepared to
see a60 70,000 Bitcoin go to
$345,000 to go to 700,000 I told you
when Bitcoin hits the price of a
house it's going to become a literal hot
commodity this thing that I bought is is
worth more than a home 3 years go by
that housing price did not keep up with
that the house the house did well but
it's not doing as well as Bitcoin
Bitcoin goes to $1.5 million you were
you are going to have a lot of friends
and family members who are going to be
really depressed because they'll realize
what that money would have meant to them
and their family the difference that it
would have made for you and your friends
and your family
generationally 90% of the Bitcoin
supplies held by them that number is
only going to
increase I almost look forward because I
I want I don't even want a fire to be
lit under you I want like a a volcano to
constantly be under you so that you're
like I need to make sure that I'm doing
something I'm a gigantic advocate of
buying assets and holding them it's it's
one of the forefronts of my investment
strategy
I want to pass on an almost egregious
amount of assets to my kids you you
you're you're you're not getting it I
want to make sure that I make a literal
Legacy I grew up broken poor and I've
gotten this far so I know that the sky
the limit I want to make sure that the
next
generation is is is so well off that
people are jealous of them like that
kind of level and all it takes is is
diligence putting money into a market
and holding on to these assets because
this is exactly what the rich are doing
and they've been doing it for a long
time and it's very significant and I
hope that if you're following this
channel that you you're you're you're on
board already you jumped on board you're
paying attention to something that's
going on because it's getting crazier
and
crazier when you hear the amount that
these companies are telling people to
allocate from their portfolios into
Bitcoin and people still don't pay
attention once again if you're outside
of the market you're outside of the
market it's not that I don't care it's
just more of a I can't convince you to
to to to to to drink from the well but
if you are part of the community that
built the well you know what water
tastes like you had a sip and you went
I'm going to go get some
soda I I I can't I can only do so
much 1 Mill ion wallet addresses out of
8 billion
people this is a form of wealth
consolidation and a wealth transfer that
we will probably never see again there's
not going to be another asset class
created all the asset classes that we
have now have been around for hundreds
if not thousand years I'm I'm doing a
soft Thousand Years the fact that
someone created a brand new asset class
and people don't pay attention to it
it's crazy bitcoin's only only been
around for 15 years it's a trillion
dollar
asset so hope you got something from
this hope you left a like on the video
um I hope you've all enjoyed hope you
all are having a great day a great
morning a great afternoon a great
evening wherever you are wherever the
heck you might be I do hope it's
absolutely fantastic thank you all once
again for watching listening liking
commenting and
supporting and preparing and I do hope
to talk to you all
soon see you
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