"Larry Fink: Bitcoin is Digital Gold and It's on the Verge of Going Completely Mainstream"

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채널 화자는 과거 비트코인에 회의적이었으나 리서치 후 입장이 바뀌었다고 말함. 비트코인은 비상관 수익을 주는 정당한 금융 수단이며 재정적자로 통화가치가 훼손되는 국가에 대한 헤지로 볼 수 있다고 주장. 디지털 금으로 간주하며 포트폴리오 일부로 편입 가능하다고 함. 다만 단기 수익 수단이 아니라 경제 불확실성 헤지 용도로 보라는 입장. 영상 후반부는 디플레이션을 자연 상태로 보는 주장, 주택을 비트코인 기준으로 환산하면 가치가 하락했다는 예시 등 비트코인 중심 거시 견해를 담고 있음.

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01. I was skeptical as you know of course with pride I was a skeptic after doing some research I realized that my initial belief in it 5 years ago was incorrect nevertheless my current belief in it and the opportunity it presents is different in my opinion Bitcoin is a real currency sure there are some bad apples in the financial industry but overall it's a valid tool for generating potentially uncorrelated or non-correlated returns then there was that time I spoke with squawk in the street Larry fin CEO of lack Rock spoke on a variety of subjects including Bitcoin and the current situation of cryptocurrencies think admitted that he had doubts about Bitcoin at first but that his views changed after researching the cryptocurrency by pointing out bitcoin's uncorrelated returns that is its performance isn't tied to traditional assets he now admits bitcoin's legitimacy and potential as a financial instrument some governments are currently debasing their currencies through large deficits think sees Bitcoin as a hedge against this strategy for him Bitcoin represents a chance to invest outside of the regulatory clutches of central banks Bitcoin according to think can and will be a part of financial portfolios he Compares Bitcoin to digital gold and says it's a good investment for people who want to be in charge of their own money Bitcoin is more than a hope instrument it's a way to show off your financial Savvy in these unpredictable time says he still thinks Bitcoin has a lot of promise but he doesn't see it as a way to make a fast Buck he thinks of it more as a way to hedge against economic unpredictability I was skeptical as you know of course with pride I was a skeptic I did some research and found out more about it and now I see that my previous belief was incorrect I have this an opinion put it this way these are my beliefs right now today is the chance in my opinion in my opinion Bitcoin is a real currency it is a valid Financial tool and I'm not implying that there aren't abuses like anything else there are it's possible to have turns that aren't associated with each other but I think it's a tool you should put money into when you're feeling very anxious you can use it as a tool if you think that some countries are debasing their currency due to excessive deficit spending if you have the chance to invest in a country's control you may have more financial power in my opinion and there are places where living day-to-day is terrifying therefore I firmly believe that Bitcoin may be a part of a well Diversified portfolio in my opinion that will be one of the asset types that everyone considers as I mentioned before I consider it digital gold and I think it's important for everyone to consider it as an alternative to dare I say the worldview that I hold Bitcoin is not a good way to hedge your bets unless you really believe you can make a killing off of it on the other hand I see it as a way for you to show off your financial Savvy in a way that makes you feel less threatened by the world and more threatened by your own existence plus I think it has a lot of potential in the business World deflation is essentially the production coming to us allowing us to live abundant lives and Achieve what we want so there's no need to be afraid of it the market is naturally in such situation thus no economic system can prevent this not from zero inflation but from the implied rate of deflation which is currently likely to be5 or -6% this is not a system based on politics your personal information is being stolen by this control system so deflation is the natural state of a free market once you realize that and no one has yet challenged me on this everything else in the current system is a kind of theft if you realize that is true in derivative we become entangled in a political system where the only thing that matters is who can steal from you better you're actually arguing that who ultimately reaps the rewards of this Heist from you to this day Bitcoin Remains the sole means by which I have been able to safeguard you from this threat and that's not because it is an a coin rather it is an energy bound protocol it's an energy bound protocol that's open decentralized and secure and makes no difference whether you want to Value it in terms of Fiat money or manipulated paper it could care less it continues to advance without fail since Bitcoin is the solef free market force in existence all prices are falling compared to it and will continue to do so indefinitely all the things that are connected to the other system are not such a system is a controller in opposition to the current debasement system they will act the house is a component of that since Bank savings accounts lose who's purchasing power due to inflation and the real rate of return is lower than that of the bank so the fact that other things are required to provide value is inherent to the construction because you're attempting to store your wealth in a home house prices are going up because you're taking out greater loans against it it transforms a house from a place of practical use as it did a century ago when people lived in close-knit neighborhoods into a place of value preservation after that falls apart and the same thing that falls apart it was government interference to cause the problem to begin with more people see assets as a store of value due to manipulated money and then big money gets involved so they can store their wealth in those assets until they no longer serve as a home as a result it gains value the depreciation of money is the very reason why you need to find alternatives to financial Assets in order to preserve your wealth consider Bitcoin from the perspective of a system that has amassed all of its wealth and I dare argue even more than that while shielding its riches from the financialization of assets such as the stock market additionally if you're well versed in financialization and believe it to be the free market you can come across Bitcoin and wonder how can I financialized more things with continuously Rising prices I can solve all of those problems with a simple calculation and our economy is now heavily reliant on the banking sector also my home was worth $1.4 million in Bitcoin four years ago now it's $2.1 million in paper currency however with relation to bitcoin 300 Bitcoin was the amount four years ago the current price is $20 or 26 Bitcoin after four years my home will have a value of two Bitcoins therefore it is reasonable to utilize Bitcoin to purchase a home if you need the house immediately keep in mind that The house's relative value to bitcoin is decreasing to its utility value thus you're paying more than necessary due to financialization