If Bitcoin Is Not Going To Zero It's Going To A Million
CNBC · 2022-06-08 · 2m · View on X →
You've made a significant bet on Bitcoin.
So if all of this maturity occurs,
and if you see all of this flush cash getting wiped out
of the system in a sense leveraged money,
could that then be that you see Bitcoin coming down considerably
and just not ever reaching any kind of particular lofty height?
And then you stand to lose quite significantly.
We don't see it that way.
We actually see it the opposite, which is...
The big question forever has been...
Is this real and if it's real, is it going to be banned?
The deniers said this wasn't real and of course they're being discredited
as the administration and Congress and regulators in Brace Bitcoin.
And the skeptics have always said,
well, it's real, it's better than gold,
but it's so good, it's too good to be true,
and the government's going to ban it.
So if the deniers are wrong and if the skeptics are wrong,
and it's pretty obvious, they're both wrong at this point,
it's not going to zero, and if it's not going to zero,
it's going to a million because it's obviously better than gold
that everything that gold wants to be.
And if it was just worth what gold's worth,
it'd be 500,000 of coin.
So I really think we've crossed the chasm there
with the bill that was put on the Capitol floor today by two senators,
a Democrat and Republican.
And with Janet Yellen speech at American University April 7th,
where she recited the legend of Satoshi Nakamoto
and explained why digital assets are critical
to the future of the United States.
I think now that that's happened,
people are realizing that this is a real thing that's going to be with us.
And Bitcoin is like it or not, it's unique.
There really is no network in the world that has,
it's at level of adoption or it's level of security.
And if I put 500 billion dollars on the table and gave it to you
and said, create another one, you couldn't create another Bitcoin
for 500 billion dollars right now.
So I'm very bullish about where we're headed from here.