In this video, I discuss all of the basics of Bitcoin that a beginner should know. I talk about my price targets for Bitcoin over the next 8 years, which are based on Plan B’s stock to flow model. I also discuss Bitcoin’s founder Satoshi Nakamoto, Bitcoin miners, and how Bitcoin has begun to function as a store of value. I go into common critiques of Bitcoin, which include whether it can be banned by the U.S. government, and how it can be money without having government backing. At the end of the video, I discuss where I like to buy Bitcoin, and how to store it safely, as well as the coming large inflows from Millenials, Zoomers, and institutional investors. I conclude that Bitcoin is digital gold for the modern world, and a good alternative to the existing fiat money systems. Not investment advice! Consult a financial adviser.
My favorite Bitcoin data dashboard: https://bitcoin.clarkmoody.com/dashbo…
Great follow on Twitter re Bitcoin: https://twitter.com/100trillionUSD
Plan B’s paper on modeling Bitcoin using stock to flow (scarcity): https://medium.com/@100trillionUSD/mo…
Best podcast on Bitcoin stock to flow model: https://stephanlivera.com/episode/122/
Watch the Fed’s balance sheet grow: https://fred.stlouisfed.org/series/WALCL
More on Bitcoin miners: https://www.buybitcoinworldwide.com/m…
Map of Bitcoin nodes worldwide: https://bitnodes.io/ Top 100 richest Bitcoin addresses: https://bitinfocharts.com/top-100-ric…
Bitcoin halving countdown clock: https://www.bitcoinblockhalf.com/
My favorite Bitcoin broker: https://www.coinbase.com/
(Ask to get upgraded to Coinbase Pro for lower fees) The CashApp is also decent, but higher fees: https://cash.app/
My favorite hardware wallet for storing Bitcoin: https://trezor.io/
Bitcoin price map: http://www.bitcoinpricemap.com/
Matthew Kratter is the author of the Amazon best-seller “A Beginner’s Guide to the Stock Market”: https://www.amazon.com/Beginners-Guid…
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
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