“This Is Why You Should Buy As Much You can" - Max Keiser Bitcoin Prediction
Summary
TLDRThe video script discusses Bitcoin's role as a revolutionary digital property and store of value, contrasting it with traditional currencies and wealth storage methods like real estate and art. It highlights Bitcoin's advantages as a borderless, efficient, and secure form of wealth preservation that challenges common criticisms and offers new possibilities for the digital economy. The insights emphasize Bitcoin's potential to redefine money and credit in the 21st century, providing inclusivity and accessibility to billions worldwide.
Takeaways
- 🌐 The world today has about 120 mediums of exchange, but very few true stores of value.
- 💡 Bitcoin's identity as a digital property, rather than just a currency, is crucial for understanding its true value and potential.
- 🚫 Common criticisms of Bitcoin, such as its use in money laundering or lack of speed, become irrelevant when it's viewed as a store of value.
- 🔄 The global wealth of $900 trillion shows a preference for stores of value over mediums of exchange, with only $1 trillion seeking to be the latter.
- 🏠 Real estate, as a traditional store of value, is limited by its tangibility, location, and susceptibility to taxation and regulation.
- 💎 Bitcoin offers a superior store of value, being intangible, mobile, and private, thus avoiding many of the issues faced by physical assets.
- 🖼 Historically, assets like art have been used as stores of value and hedges against inflation, a role Bitcoin can now fulfill digitally.
- 🤖 Bitcoin provides sovereignty to AI and cyber entities by offering a digital form of money that can finance services outside traditional financial systems.
- 🌍 Bitcoin's borderless nature makes it accessible globally, providing financial inclusivity to billions who lack access to traditional banking.
- 💰 The digital transformation of money is essential for building the 21st-century cyber economy, which relies on efficient and equitable financial systems.
- 🔄 Bitcoin's emergence signals a paradigm shift towards digital money, challenging the traditional financial system and promoting a more inclusive global economy.
Q & A
How does the perception of Bitcoin change when it is viewed as digital property rather than a currency?
-When Bitcoin is conceptualized as digital property, popular criticisms that target it as a currency become irrelevant. This perspective shift helps in understanding Bitcoin's true value and potential as a store of value, highlighting its role in wealth preservation and its advantages over traditional mediums of exchange.
What is the significance of Bitcoin as a store of value in a world with numerous mediums of exchange?
-Bitcoin's significance as a store of value lies in its ability to provide an alternative form of wealth preservation in a digital age. It stands out among traditional mediums of exchange because it offers a decentralized, secure, and borderless way to store and transfer value, which is not subject to the same risks of taxation, expropriation, or dilution that physical assets like real estate or art face.
How does the concept of digital capital with Bitcoin challenge traditional forms of wealth storage?
-The concept of digital capital with Bitcoin challenges traditional wealth storage forms by introducing a nimble, borderless, and efficient way to maintain and transfer wealth. Unlike physical assets, Bitcoin does not face issues like rent control, zoning restrictions, or the need for physical preservation, making it a more viable option for long-term capital storage in the 21st century.
What are the advantages of Bitcoin over traditional stores of value like real estate?
-Bitcoin offers several advantages over traditional stores of value like real estate: it is portable, doesn't require physical space, can't be directly seized or taxed without detection, and is not susceptible to physical damage or location-based risks. It provides a discreet and secure way to store wealth that can be accessed globally without the limitations of geographical or political boundaries.
How does the comparison of Bitcoin to art and real estate help in understanding its value proposition?
-Comparing Bitcoin to art and real estate helps in understanding its value proposition by highlighting its role as a store of value and a hedge against inflation. Just like how art and real estate have been used historically to preserve wealth, Bitcoin serves as a digital asset that can appreciate over time and protect against economic uncertainties, but with the added benefits of portability, security, and accessibility.
What is the problem with storing large amounts of wealth in physical buildings according to the script?
-The problem with storing large amounts of wealth in physical buildings is that they are immobile, easily identifiable, and thus subject to taxation, rent control, and potential expropriation. These factors can lead to wealth dilution and a lack of flexibility in managing and preserving one's assets.
How does the script address the limitations of traditional financial systems?
-The script addresses the limitations of traditional financial systems by highlighting their inefficiency, exclusivity, and lack of accessibility. It points out that traditional systems rely on credit, which involves multiple intermediaries, delays, and high fees. Bitcoin, as a digital form of money, overcomes these limitations by providing a decentralized, secure, and inclusive financial system that can operate without the need for credit networks.
What does the script suggest about the role of Bitcoin in the 21st-century economy?
-The script suggests that Bitcoin plays a crucial role in the 21st-century economy by serving as the digital transformation of money. It provides a foundation for a new economic paradigm that is more equitable, efficient, and inclusive, offering a decentralized, secure, and accessible form of money that can empower individuals, AI, and break down financial barriers globally.
How does the script relate the concept of money to the digital age?
-The script relates the concept of money to the digital age by emphasizing the need for digital money to complement the digital transformation of other aspects of the economy, such as photos, music, and information. It argues that the current reliance on credit networks for online transactions is inefficient and that Bitcoin can offer a more direct, secure, and cost-effective means of transferring value in the digital realm.
What is the significance of Bitcoin for AI and its role in the cyber economy?
-Bitcoin is significant for AI as it provides a means for AI to have sovereignty in the cyber economy. By using Bitcoin, AI can engage in transactions and finance operations without the need for traditional credit systems, which are often inaccessible to non-human entities. This allows AI to operate more independently and participate in the digital economy effectively.
How does the script contrast Bitcoin's role as money with that of traditional banking systems?
-The script contrasts Bitcoin's role as money with traditional banking systems by highlighting that Bitcoin is a bearer instrument, similar to gold, and not just a credit-based IOU. It emphasizes that Bitcoin can facilitate direct transactions without the need for multiple intermediaries, reducing fees, delays, and exclusivity associated with traditional banking and credit systems.
Outlines
🤔 Redefining Bitcoin Beyond Currency
This paragraph discusses the common misconceptions about Bitcoin and its true potential when viewed as digital property rather than just a digital currency. It highlights the challenges faced by Bitcoin when compared to traditional currencies and emphasizes the importance of understanding its role as a store of value. The speaker, Michael Saylor, argues that Bitcoin's true value lies in its ability to serve as a digital property, which can protect against criticisms that arise when it's seen as a threat to traditional currencies. By reframing the conversation around Bitcoin as a store of value, the narrative shifts from its legitimacy as a currency to its potential as a revolutionary form of digital capital.
🏦 Bitcoin as a Store of Value and Digital Capital
In this paragraph, the speaker delves deeper into the concept of Bitcoin as a store of value, comparing it to traditional wealth storage methods like real estate and art. The argument is made that Bitcoin offers a more efficient and secure way to preserve capital against inflation and other economic uncertainties. The paragraph also touches on the historical use of art as a store of value and how Bitcoin can serve a similar purpose in the digital age. The speaker points out that Bitcoin's digital nature allows it to avoid the pitfalls of physical assets, such as susceptibility to taxation and expropriation, making it an ideal form of digital capital.
🌐 The Digital Transformation of Money
The final paragraph wraps up the discussion by emphasizing Bitcoin's role in the digital transformation of money. It references a profound statement by JP Morgan, highlighting the distinction between money and credit. The paragraph argues that the traditional financial system, reliant on credit, is inefficient and exclusive, while Bitcoin offers a decentralized, secure, and inclusive alternative. By transcending the limitations of the current financial system, Bitcoin paves the way for a more equitable and efficient global economy. The speaker also touches on the importance of Bitcoin in providing sovereignty to AI and those without access to traditional banking, reinforcing its status as a foundational element of the 21st-century cyber economy.
Mindmap
Keywords
💡Bitcoin
💡Digital Currency
💡Store of Value
💡Medium of Exchange
💡Currencies
💡Digital Property
💡Wealth Storage
💡Inflation Hedge
💡Decentralized
💡Economic Paradigm
💡Cyber Economy
Highlights
The world today has 120 mediums of exchange, but very few units of account and virtually no currencies that act as stores of value.
Bitcoin is often viewed as a threat to traditional currencies, but it can also be conceptualized as digital property, a store of value.
When Bitcoin is considered as digital property, common criticisms about its use as a currency become irrelevant.
Michael Saylor challenges the common criticisms of Bitcoin by redefining it as digital property, not just a threat to traditional currencies.
In a world with limited currencies that serve as stores of value, Bitcoin stands out for its potential.
Saylor argues that it's unwise to fight for Bitcoin to be a digital currency when the majority of global wealth is stored, not exchanged.
Wealthy individuals often store their wealth in real estate, but Bitcoin offers a more efficient and secure alternative.
Bitcoin is better than traditional stores of value because it can't be physically seized, taxed, or controlled.
Bitcoin provides a way to store and transfer wealth that is borderless, efficient, and not subject to the same vulnerabilities as physical assets.
Bitcoin represents a shift from physical to digital capital, introducing a new way to preserve wealth against economic uncertainties.
The analogy between Bitcoin and traditional stores of value like real estate and art highlights its potential as a hedge against inflation.
Bitcoin enables AI and other digital entities to have sovereignty in cyberspace through the use of digital money.
Bitcoin is a bearer instrument, unlike credit systems like Visa and Mastercard, which involve multiple intermediaries.
The traditional financial system, reliant on credit, is inefficient and exclusive; Bitcoin offers a more equitable and accessible alternative.
Bitcoin is not just a currency or investment; it's the foundation for a new economic paradigm.
Bitcoin's emergence signifies the digital transformation of money, moving beyond the limitations of the traditional financial system.
The future of money is inclusive and universally accessible, with Bitcoin paving the way for this new economic era.
Bitcoin's ability to act as digital capital opens up new avenues for securing wealth in the digital age.
The discussion around Bitcoin's role as a store of value and its comparison to traditional wealth storage is enlightening for understanding its true potential.
Transcripts
the world today consists of 120 mediums
of exchange about three four units of
account no currencies or stores of value
and if you say to someone what do you
think about Bitcoin as digital currency
they say well I think it threatens the
dollar I hate it if you said what do you
think about Bitcoin as digital property
you know I'm going to buy it instead of
buying a building in De Moine they're
like oh have at it if you if you simply
conceptualize it as property which is
store of value
all of the objections all of the straw
man objections like it's used by for
money laundering it's it's not it's not
legal tender I can't buy coffee with it
it's not fast enough it's not private
enough all of these things
disappear today we're taking a closer
look at the insights of Michael sailor
on bitcoin exploring its identity not
just as a digital currency but as a
revolutionary digital property in store
of value in a world with over a 100
mediums of exchange but only a few units
of account and virtually no currencies
that act as stores of value Bitcoin
stands out sailor challenges the common
criticisms of Bitcoin by redefining it
not as a threat to traditional
currencies but as digital property this
perspective shift is crucial for
understanding bitcoin's True Value and
potential before we dive deeper if you
find these insights intriguing don't
forget to hit the Subscribe button and
like this video if you just just
describe Bitcoin as digital property a
store of value all of the popular
criticisms go away and everyone that
hates Bitcoin would completely flip once
they understood it isn't a currency so
people just ought to say it's a property
it's not a currency and every one of
those criticisms and weaknesses is no
longer relevant what I think the second
thing I say on store of value is it's
kind of silly to fight to be a digital
currency because there's $900 trillion
dollars of wealth in the world 400
trillion of it wants to be store of
value only one trillion wants to be a
medium of exchange no go go to a wealthy
person and ask them what percentage of
their wealth is in their checking
account it's like 1% maybe no no wealthy
person is holding more than 1% in ready
cash so it's not even worth fighting for
like you can fight the government to be
a currency but you're just fighting
someone that's that's got guns and
police force Etc the store of value is
is the use case that matters and and
another word for store of value is
property and the third word for store
value is capital and if we just thought
this is digital Capital now you get to
profound idea right which is there's
capital in the economy where is it
sitting well it's sitting in buildings
we've monetized buildings a rich person
goes and I I know a lot of wealthy
people they make a fortune and what they
do is they just go buy real estate that
they don't need they buy Apartments they
don't need I mean everybody can pick up
the paper and they can see examples
people buy trophy assets and they buy
buildings and they buy land they don't
need Land Bank Banks so so real estate
is a way to fight inflation or to
preserve Capital over the long term
another way to do it is I invested in a
company or I I attempt to pick the right
Stock A magnif in seven stock a third
way to do it is with art I mean vasqu in
the you know the 16th century travels
from Spain to Italy he wants to buy all
the great art and he's got the king of
Spain's checkbook and an infinite budget
and he complains nobody will sell him
the art because all the rich people in
Italy are using it as store of value so
they can flee with their portable scarce
desirable property when they have to
leave town or they're using it as an
inflation hedge and I you know and I I
kid you not go read will Durant you know
history of the Renaissance and he notes
it's an inflation hedge in a store in
value 500 years ago so that's that's the
way people think why is Bitcoin better
it's better because the problem with
storing billions of dollars in a
building is the building can't run run
and the building can't hide and
everybody knows a rich person owns the
building and therefore we're going to
tax them I mean I just give you a simple
question I'm gonna give you a billion
dollars right now I'm GNA drop you in
Africa what building in Africa are you
going to buy in what country and hold
for a hundred years like there's not a
there is not to disparage Africa there's
not a single piece of real estate in a
single country in Africa that any of you
would be wise to purchase if you had to
hold it a 100 years on the other hand if
you held a billion dollars worth of
bitcoin in Africa you'd probably still
have the money a hundred years from now
and if you lost it it's because you lost
it not because it was taken from you
everybody walks past the biggest uh
Tower in the in the city and they look
up and they say there's a person with
more money than me and then they think
why don't we tax them what are they
going to do move the building right
you're not going to move the building
and so then they walk past the parking
lot and they think well let's just go
ahead and put a zoning restriction on
that so you can't actually build on that
parking lot so at the end of the day
your property is getting rent controlled
expropriated taxed ET Etc and so and so
it's it's the best idea in the 20th
century we're not in the 20th century
we're in the 21st century continuing
from Michael sailor thought-provoking
insights we delve into the essence of
Bitcoin as digital property sailor
illuminates the vast potential of
Bitcoin by comparing it to traditional
forms of wealth storage with $900
trillion of wealth globally the battle
for Bitcoin isn't to become a mere
medium of exchange but to be recognized
as a profound store of value the concept
of digital Capital as sailor puts it
introduces a groundbreaking way to
preserve wealth in contrast to physical
assets like real estate or art which are
susceptible to taxation expropriation
and other forms of dilution Bitcoin
offers a Nimble borderless and efficient
way to Main Main and transfer wealth
this digital property does not only
signify a shift in how we conceptualize
value but also in how we Safeguard it
against inflation and other economic
uncertainties the analogy between
Bitcoin and traditional stores of value
such as real estate and artart is
particularly compelling it challenges us
to rethink our approach to investment
and wealth preservation in the digital
age bitcoin's ability to act as digital
Capital opens up new avenues for
securing wealth that were previously
unimaginable there's a profound
statement made by JP Morgan a 100 years
ago he said uh gold is money everything
else is credit and just like first
principle back then most people don't
understand what money is money is a
bearer instrument most people don't
understand what credit is credit is when
you have an IOU from a counter party and
they may or may not honor the IOU so
what we have today in the internet is
you have a lot of profound applications
that are digital in digital
transformation of information
we have figured out how to how to
digitally transform photos and music and
books and things like that but we
haven't implemented digital money so
whenever you pay anybody on the internet
you're paying with credit not with money
and the problem with paying with credit
is Visa
Mastercard your bank the correspondent
bank the central banks there's a stack
of seven counter parties in between me
and you and that means that if I wanted
to give you 50 cents if let's say I want
to move any amount of money around if I
want to move a dollar around every time
I move it there's a 30 to 60 days
settlement delay and there's a 2% two
and a half perc fee so when I moved the
money 40 times it took 48 months it
takes four years to move the money from
40 people in the room if you just
started moving any amount of money it
would be four years before it finally
settles and all the money would be gone
because it would be like a 100%
commission you would pay to the banks so
the problem with the credit networks are
they're brittle they're slow they're
expensive and and by the way if you're
an AI bot you can't get a credit card
and if you're and and but so
robots aren't people AIS aren't people
but you know and I'm going to make fun
of them because Bitcoin gives AIS in
cyberspace sovereignty if you want to
release a a service powered by an AI
Into The Ether outside the control of a
person a government a company you're
going to need to finance it with money
digital money which means Bitcoin so so
AI aren't people yet and Bitcoin will
give them sovereignty of sorts but
people aren't people because six billion
people on the planet they don't have
credit like I dare you to try to send
money to someone in you know in Africa
on Saturday you know or try to cross
borders try to send some money to
someone in China see how it works out
right so and by the way that's the the
countries shut down uh at the border but
even with each within each country most
people uh a lot of people don't have
credit card so Bitcoin is money
everything else is credit and you cannot
build the 21st century cyber economy if
you don't have money reflecting on
Michael sailor's insights and the
profound statement by JP Morgan Gold is
money everything else is credit we reach
the Crux of our discussion in a digital
era where everything from photos to
music has transformed
Bitcoin emerges as the digital
transformation of money itself the
traditional Financial system with its
Reliance on credit faces challenges of
inefficiency exclusivity and lack of
accessibility Bitcoin however transcends
these limitations offering a
decentralized secure and inclusive form
of money it's not just a currency or an
investment it's the foundation for a new
economic Paradigm this Paradigm Shift
towards digital money paves the way for
a more Equitable and efficient global
economy whether it's providing
sovereignty to AI or breaking down
Financial barriers for billions without
access to traditional banking Bitcoin
represents a leap towards a future where
money is truly inclusive and universally
accessible thank you for joining us on
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