저자: Finance Secrets · 외국인
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so when you start to think about bitcoin versus gold would you ever consider i know you're not a fan of bitcoin we can get to why but would you buy the bitcoin uh mining stocks because there's cash flow no why wait why first of all it's cash flow it's a business stocks first of all let's like like look they don't mind anything what are you talking about equipment there they solve math problems but the problem is they use a lot of energy to solve those problems uh but i wouldn't want to buy any of these things because when the price of bitcoin crashes these stocks are worthless because it's going to cost more to mine them than you could get for them so no i mean if i what i would be doing if i was a company i would be selling stock to any fool who's going to buy it from me i'd be like selling new shares doing secondaries you know just trying to dump all it out there if i but i don't have any shares what would it take for you to buy bitcoin what's the one thing in the economy or any sort of uh financial markets that you would finally say all right enough is enough i won't tell pomp that he was right but i'm gonna go put a little bitcoin away i'm gonna put under the matches not tell anybody about how much you talk about play money like i would buy like you know a lottery ticket or something but have you done that yet have you have you even speculated a little bit bought even just one just for fun i mean you're almost a billionaire like one's nothing i have bought a couple of lottery tickets in my life well did you buy bitcoin as a lottery ticket yet no i haven't bought any bitcoin all right so you haven't bought anything what would cause you to buy people have given me some bitcoin or fractions of a bitcoin but i lost them all as you know yeah so well you didn't lose just so we're clear you didn't lose them my son has actually bought some you didn't lose the bitcoin you lost the password which is user error i lost access to them right i know where they are i know but i just can't i just can't get out yeah holding on to the bitcoin is an intelligence test if you lose the password it can't help you right it's like losing the password to your brokerage account sorry you haven't had the password to lose that was the problem all right what would it take to get you to buy one bitcoin just one bitcoin where you actually took dollars and converted it into bitcoin what would be the thing in the market that you would finally say all right i got to do this well look right now they're what like 33 000 34 000 i never i wouldn't want to waste 34 000 on a bitcoin so um you know i mean i could buy a lot of other things with that money i mean i suppose if the price got cheap enough maybe if it got back i don't know below a buck maybe i could buy it the question is you know would i want one see this is the thing i mean if you can say all right i talked to a lot of these bitcoin huddlers and they're like oh yeah i would want to buy so many more really if it really got down that low wouldn't that be a signal i mean is there a point you know for you bob you're asking me when i would buy my bitcoin i mean i don't really know because i i'm not interested in it but the real question is what will it take to get you to sell i mean if gold weight if gold went to 500 would you buy more if gold went to 500 well sure okay but here's the reason why because gold is an actual commodity is it and and so yes there's a lot of fake gold i i want to talk to you about fake gold i saw on the internet there's all kinds of fake gold in space yeah well so fake gold doesn't do what real gold does i don't know if you you know you know so but how do you know how do you know you have real gold you like are you a chemist are you are you testing it yeah it's not you know that's part of the lies that the bitcoin pumpers tell is that it's hard to know real gold from fake gold well how do you tell real gold from fake gold for thousands of years and they didn't even have any technology they didn't even we it's so much easier to tell the difference between real gold and fake gold now than we were on the gold standard so this is all a bunch of nonsense but the answer your question see since gold is an actual commodity let's say i am a jewelry manufacturer and i i know i got demand to make jewelry which which by the way is only is less than 10 of all demand and demand for jewelry has been dropping but go ahead yeah i don't know i don't i don't know who you're dating but anyway so if the price of gold goes down to 500 and i'm a jeweler i'm like whoa i can buy a bunch of gold that i need much cheaper to make these necklaces or these rings or these whatever and so there's going to be more demand right if i'm if i need gold in my computer chips and all of a sudden the price goes down now i can buy more gold for the same money and put them in my chips and save money i'm gonna buy more right there's there's a way to rationalize that like if i have a stock i talked earlier about a stock let's say there's a stock that i love at ten dollars a share and it's got a five percent dividend yield at ten dollars a share if the stock drops to five and now i got and now you know or it had a five percent dividend and now it gets cut in half and now the dividend is ten percent i get twice the dividend yo by buying it at half the price whatever value of the assets was there all else being equal i can buy those same assets for half price when it comes to bitcoin i don't get any more when i buy bitcoin at 10 000 than when i buy it at 30 000.
yeah i buy i get more bitcoin but i don't get any more dividends because it doesn't pay any dividends i don't get any more rent like i buy real estate on sale and i can't make any more jewelry because i've got more bitcoin because you can't make anything with a bitcoin doesn't matter how many you have i can have all 21 million bitcoins and i can't do anything that i couldn't do with just one doesn't matter how many you have but the more gold you have the more electricity you can conduct the more jewelry you can make whatever all that stuff you could do uh and so there is no way to know that bitcoin is cheap because there's nothing to measure it against so my question to you is you think bitcoin is gonna be the new money it's going to you know replace gold or replace other phones it already replaced gold just somewhere clear it's already replaced gold for people under the age of 35.
nobody owns node under the age of 35. it hasn't replaced gold in the real world it hasn't replaced gold in jewelry it hasn't that the central banks still own gold as part of a monetary asset they were net sellers in q4 go ahead but you believe that all this stuff is going to happen to bitcoin and it all hinges on you know more adoption you know just like we talked about social security being a ponzi scheme it's kind of the same dynamic you're talking you're talking about gold right gold's price only goes up if more people want gold right isn't that how it works if people want gold for all the properties that gold has but but it's demand-based the only reason why any asset hold on the only reason why any asset goes up is because it's demand-based if more people don't want apple stock it goes down if more people don't want gold it goes down if more people don't want bitcoin it goes down that's how the markets work it's called i'll send you an economics one-on-one book if people want to buy apple products and apple's earning a profit and paying a dividend well people will want to buy the stock now you know obviously in a different environment with higher interest rates they may not be willing to pay as much for apple stock as they're paying now but there will be demand at some price for apple stock that's not the case with bitcoin i mean at gold even if you don't want to buy gold at 1800 you might want to buy it at a thousand because it may be a good deal for what you needed for uh but bitcoin is is not a commodity and it's not an investable asset it doesn't it doesn't have a use and it doesn't throw off an income stream so again to get back to the question i'm asking you you think that bitcoin is going to continue to be adopted and more institutions are going to buy it more people around the world are going to start using it what if that doesn't happen right at some point so let's say bitcoin crashes to to 20 000 or then 10 000 or then 5 000 right is there some point where you like kind of like all right i was wrong it's not catching on the momentum has turned i'm just going to give up on this i'm not going to go down with the ship to zero is there a point where you get out i mean what if unicorns fall from the sky right no no no no listen that's a cool is not crazy bitcoin was at 10 000 a year ago to say that bitcoin can't go back to 10 000 again is ridiculous well you're proving my point hold on hold on bitcoin change your view so bitcoin was 10 000 a year ago and now it's at 35.
and for bitcoin to go from 35 to 10 about 70 75 whatever the number is right yeah hold on that means that we would just return to prices not seen since last year if gold fell 75 it would be numbers from literally 30 years ago no it wouldn't change my mind here's why i wouldn't change my mind ready everything that you say about the economy i think generally you and i agree right we agree that the uh fed's lost their mind they're manipulating markets uh people are getting hurt nobody understands that they should be investing rather than saving all the things that you say about the economy we agree on you and i both also agree that sound money is the solution right we can't have money that can just be printed at will because politicians or other folks decide that we're gonna do that or we're gonna manipulate those markets so sound money is the solution there's two options well okay well just so we're clear their sound money is the definition of sound money is that it's outside the system and no one can create more of it and so golden course of all let me bomb do you know the origin of the word sound money do you know where it comes from it's not a spelling bee but go ahead tell me well so if you take a gold coin and you drop it on a hard surface it makes a sound as opposed to when you drop a piece of paper on a surface it doesn't make a sound so hard money makes a sound when you drop it what's the sound that bitcoin makes when you drop it you
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