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Bitcoin and things like it is the equivalent of the red pill okay we are entering a completely world of uncharted water you made any investment so I mean I personally I own Bitcoin in my hedge fund I own Bitcoin in my fund I own Bitcoin in my private account it is a huge deal it's a huge huge huge deal because what you're talking about right now is for the next three to five years an unbelievably better store value it is gold 2.0 this is a currency a currency that's really gonna work eventually I think it is working and there will be other currencies like it that may may be even better but in the meantime there's a big industry around Bitcoin and you know people have made fortunes that bitcoins Bitcoin there is no Bitcoin company there is no Bitcoin building there's even not even a Bitcoin server anywhere that you could shut down it is completely distributed that's what's unique about Bitcoin it is for the first time a way for the two of us to exchange value online without a third party intermediary until the invention of Bitcoin for you and me to exchange money online we had to employ a third party like PayPal like Visa like MasterCard right and we live in a 21st century if we want to have a video call to China we can do that for free but to send a couple hundred bucks which is essentially just ones and zeros being moved around cost five percent plus takes over it daily bitcoin is exciting because it shows how cheap it can be Bitcoin is is better than currency and they you don't have to be physically in the same place and of course for large transactions currency can get pretty inconvenient see Bitcoin trading in a thousand two thousand five thousand ten thousand Rick Vina does an excellent analysis he predicts that Bitcoin will capture between one and ten percent of the global forex market which implies a price of between 100 thousand to a million dollars per Bitcoin most of the people who are on the sidelines not buying Bitcoin today will start to buy Bitcoin when it gets over a thousand and then a greater percentage of people will definitely plow into Bitcoin when it starts get over 10,000 it's still predicting Bitcoin $10,000 per Bitcoin in three years Sarris he is the CEO of Zappo which is a Bitcoin wallet and Bitcoin ball I think it's mostly a very positive thing I think we're gonna see ups and downs like with any other emerging technology but I think beacon is here to stay and it makes sense that that it be taxed and treated like any other so let's make a boat call here in ten years what do you think that coin will be worth one Bitcoin between half a million dollars and a million dollars a lot of people are just seeing the charts and thinking how I let go what I'm doing is counting backwards I mean this is a transactional this is a transactional currency and it is a store of value as such it is a product on a service competing on a very tangible market for stores of value and for transactional currencies so what is the what is the size of that market right and this is important and how much how big a market share can Bitcoin realistically take within a foreseeable timeframe when you ask that question then you come up with a with a market cap of Bitcoin total and then you divide that by the number of Bitcoin in circulation by that by your estimated time and seeing how Chinese are buying Bitcoin I crazy actually had to adjust this number upwards but then you come up with a number of about two to five million dollars per Bitcoin that suggests that everyone go back to buy one Bitcoin not to not to much only why is enough if everyone says worth people just to go back buy one Bitcoin you know the Bitcoin where they would go to the $1,000,000 when the Bitcoin we have 1 million dollar you know that all around the world it would be crazy and everyone will be the follow and other digital currency just to be you know be granted some of the Bitcoin so for me I think for a lot of people they don't exactly understand why white Bitcoin its Bitcoin currency in the future or is it the payment system they're developing bingo it's the payment system it's the blockchain encryption and they're there interesting things I think Bitcoin or the really blockchain encryption that's behind it has a greater ability to bring more of the world's population out of poverty than anything we've seen if you're new to Bitcoin take your time to go out there and Google it and learn about it it truly is one of the most important inventions in the history of humankind and certainly the most important invention since the Internet go out there make a Bitcoin wallet get involved start using it learn about all the positive ways in which this is going to improve the lives of every single person on the planet get involved do it today it's going to help everybody thank you







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