In this video, I discuss how Bitcoin is a better money technology than gold, and will thus eventually replace it. Gold will be demonetized and replaced with some form of "software as a store of value" or "software as a medium of exchange" (probably Bitcoin).

Compared to gold, Bitcoin is:

1) Easier to store (you can even store it in your head, by memorizing your private key)

2) Easier to subdivide (1 Bitcoin= 100,000,000 satoshis)

3) Easier to send over long distances (even in outer space)

4) Easier to verify (just run a Bitcoin full node and make sure you hold your private keys)

5) Unconfiscatable (much less easy for a private party or government to steal it from you)

In addition, Bitcoin is more scarce than gold. There is a lot of gold in our solar system. And soon, Bitcoin will have an even higher stock-to-flow than gold.

Not investment advice! Consult a financial adviser.

FDR steals Americans' gold in 1933:
https://upload.wikimedia.org/wikipedia/commons/a/a1/Executive_Order_6102.jpg

The gold assaying process:
https://sdbullion.com/blog/gold-assay

Why the internet will fail (1995):
https://www.newsweek.com/clifford-stoll-why-web-wont-be-nirvana-185306

It took 4 years to move Germany's gold:
https://money.cnn.com/2017/08/23/investing/germany-gold-reserves-new-york-paris/index.html#:~:text=Germany's%20got%20its%20gold%20back,in%20New%20York%20and%20Paris.&text=The%20central%20bank%20previously%20said,public%20%22trust%20and%20confidence.%22

UK decides to keep Venezuela gold:
https://twitter.com/BBCWorld/status/1278636495641993217

$2 billion in loans backed by fake gold in China:
https://asia.nikkei.com/Spotlight/Caixin/Mystery-of-2bn-of-loans-backed-by-fake-gold-in-China

Bitcoin is easy to validate and verify:
https://bitcoin.org/en/bitcoin-core/features/validation

The giant gold asteroid:
https://www.outerplaces.com/science/item/17778-700-quintillion-dollar-asteroid-space-mining-gold-rush-mars-jupiter

Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join

Use this secret coupon code to get a discount: YT99

#Bitcoin
#Gold


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