In this video, I discuss all of the basics of Bitcoin that a beginner should know. I talk about my price targets for Bitcoin over the next 8 years, which are based on Plan B’s stock to flow model. I also discuss Bitcoin’s founder Satoshi Nakamoto, Bitcoin miners, and how Bitcoin has begun to function as a store of value. I go into common critiques of Bitcoin, which include whether it can be banned by the U.S. government, and how it can be money without having government backing. At the end of the video, I discuss where I like to buy Bitcoin, and how to store it safely, as well as the coming large inflows from Millenials, Zoomers, and institutional investors. I conclude that Bitcoin is digital gold for the modern world, and a good alternative to the existing fiat money systems. Not investment advice! Consult a financial adviser.
(Ask to get upgraded to Coinbase Pro for lower fees) The CashApp is also decent, but higher fees: https://cash.app/
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