Bitcoin and Greater Fool Theory

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
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In this video, I discuss Bitcoin and greater fool theory. Are the critics correct that all you can do with Bitcoin is sell it to a greater fool?

Absolutely not. There's something quite significant that you can do with your Bitcoin besides sell it to a greater fool:

You can send your Bitcoin to anyone on the planet using Bitcoin's global financial network, in a p2p manner and without needing to ask a bank or anyone else for permission.

You can send your Bitcoin to a politician or human rights advocate who is trying to help overthrow a violent and corrupt regime.

You can send your Bitcoin to someone in the Global South who needs it to pay for food or shelter, without having to pay Western Union a 40% fee.

Here's something else that you can do with your Bitcoin besides sell it to a greater fool:

You can store it in your house on a hardware wallet, along with a 12 word recovery seed engraved on a steel plate. If you do this, you don't have to trust a bank not to freeze or steal your money. And you don't have to trust a central bank not to debase your money.

Is there anywhere on earth that this might be useful? Why do "greater fool theory proponents" never mention these uses? Could it be that they are either ignorant or just apologists for the fiat financial system like Warren Buffett?

Near the end of the video, I also discuss how Bitcoin offers zero cash flow, like all bearer assets like gold, jewelry, fine art, etc. An asset can generate zero cash flow and still have significant value.

If you hold Bitcoin or physical gold in self-custody, no one can freeze them or turn them off. That's definitely not true for cash held in a bank, or stocks or bonds held in a brokerage account.

In a world of political persecution, WEF-dominated narratives, central bank debasement, and CBDC's being rolled out, is there actually zero use for a bearer asset like Bitcoin?

History will show that those who failed to buy any Bitcoin were the true greater fools.

Not investment advice! Consult a financial advisor.

Bitcoin and the Tulip Bubble:
https://www.youtube.com/watch?v=3bMTR...

Is Bitcoin An Unproductive Asset?
https://www.youtube.com/watch?v=AK9Uz...

Countries where Bitcoin might be helpful:
https://batimes.com.ar/news/economy/a...
https://www.reuters.com/world/middle-...
https://www.usatoday.com/story/money/...
https://www.foxbusiness.com/politics/...

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
#warrenbuffet
#crypto

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