Casually Explained: Bitcoin

The scenario in which Bitcoin reaches tens of millions per coin is one in which the US dollar and other currencies enter an inflationary spiral and their respective countries sink into debt. So, it's not impossible, it will just take another 20-50 years depending on how things move. And if you think it's impossible, remember that the US dollar, the strongest currency in human history, has already lost 98% of its value, and the US, the most powerful empire in history, has 125% of its GDP in debt and spends more on debt interest than on military spending, while being the country that spends the most on defense in the history of the world.

02:37 in the damn video and bro is still Shoot talking about bitcoin. You titled the video as "Casually Explained: Bitcoin" if you want to explain it then just explain the damn thing instead of talking about everything else

Pleasant delivery 🚚 💡

Too casuall🗿🧐

Who's here after 2026 crash 😂

Thanks for the update and keep doing what you do.The four year cycle is over. It went down because the OGs are committed to that time line. Now that the four year cycle people are done selling the bottom the bull market will resume. Its more based on the buiness cycle that has been delayed because of trade negotiations and the fed playing politics not lowering the rates fast enough. The boom is coming soon. Everything is comming together. managed to grow a Portfolio of around 185k to a decent 780k in the space of a few months.Thanks again, Leilanie wolfe. for the regular updates,.

Bitcoin is just money governed by open source code and scarcity, not the political machinations of the elites. It’s nothing deeper than that. It was created during the Great Recession. You know, that event where the government bailed out banks for making bad bets while everyone else was told to kick rocks. Would you rather embrace money for the people, or money manipulated by the elites? Think carefully.

When you learn more about bitcoin, you realize dollars, yen, euros, yuan, etc. are fake fiat monopoly money that the governments manipulate. They need your participation in fake money, backed by nothing but your faith in government, to pay for wars on the backs of those who have yet to have been born, or bail out their banker buddies when times get tough while you get poorer.

But yeah, listen to this guy or the government, they know what’s best for you. I’m not saying go and ahead and sell your car for bitcoin, but be skeptical of what the so-called experts and pundits tell you. The future is going to be weirder than you think. Watch out.

The only realistic bitcoin model is a simply time to the power of 6 model. Based on that the average yearly appreciation should be around 35% right now and decline to 20% by 2040. Based on that it should hit a million in around 8 years by 2032-2033. (That's as a rough average, major over or undershooting is possible)

It's used daily though it's not just traded, it's used as a medium of exchange, collateral, store of value, visual collectibles (parallel to numetism and jewelry) and more artefacts, etc… It has many advantages compared to gold as a medium of exchange for large sums, and store of value. Easier to manipulate and move any quantity around the world for a few bucks or less, and a lot more convenient than gold in most if not all aspects.

Gold has to be protected in greater measures and is difficult to hide, it takes space, a LOT, it's super heavy, trips cost a lot of money hence rarely ever happen in large quantities and salaries have to be paid to protect all of that. Storing costs means more costs and the facilities visible hence targetable, moving it around costs excessively more money than a few bucks and loss happen more frequently.

Bitcoin can be traced, and its use as legal tender and primary currency by a government can make any wrong actor up there be held accountable for their wreckless spendings, which also means corruption gets nailed down, unlike today's money, unlike Gold which are extremely opaque and are one of the main protector of corruption in the West. Which makes blockchain based currencies better by default to be handed to a government to the be used for the – supposedly – benefit of their citizens.

What we'll agree on, is that it's not suited for daily use by citizens of the whole world as a currency, since it'll lead to extended periods of waiting for a transaction to settle due to small throughput and the impact on security if it's increased (larger data bases needed, less people could participate, less decentralization). So other currencies, based on the same fundamentally necessary principles, including the incorruptibility/immutability, but with a significantly greater speed, are actually a very very good idea as a solution. The entirety of the traditional markets, every single products and much more can, and actually already are, replicated on blockchains trying to become that globally accepted crypto currency that's as secure and decentralized as bitcoin, but with the throughput of VISA/Mastercard

The Hoadler is my spirit animal

You’ve completely changed how I see this topic!

The smithand wessen part. Has me. Hahaha

Stock to flow is bullshit. Check out the power law theory of Bitcoin, the only validated scientific Bitcoin theory.

Bitcoin isn’t just digital money — it’s a revolution, a gamble, and a puzzle all at once. This video breaks down what makes it so powerful, risky, and fascinating. If you want to understand the future of finance, this is your starting point. ₿💡

Definitely subscribing for more.

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