In this video, I talk with author and economic analyst John Sneisen regarding the recent statement from Goldman Sachs where they warned investors not to ignore Bitcoin any longer.
Of course many are rightly concerned when Goldman Sachs openly supports Bitcoin, but one has to remember that they like profit and it doesn't make the sky evil when a bad guy says the sky is blue.
Of course Goldman Sachs claimed a couple of months ago that they see Bitcoin going to $4000 USD in the next few years. They clearly underestimate Bitcoin as it climbed just yesterday to $4400 USD from $1800 USD in less than a month.
Bitcoin is not the "mark of the best". The centrally planned cashless system certainly is. Bitcoin will not be manipulated. Gold and silver's value is based on their scarcity and demand. As is Bitcoin. People need to reevaluate their perception of what "intrinsic value" is.
Fiat isn't worthless because it's not physical. Fiat is worthless because it's printed out of thin air into oblivion with no scarcity or demand as interest rates are manipulated. It's completely centrally planned. It's dangerous and based in debt.
Bitcoin is not based in debt, nor is it centrally planned. There will only ever be 21 million Bitcoins as the cap is halved on a regular basis creating more scarcity by the day.
At the 7 year daily average rate of growth, Bitcoin should hit $250k by 2020. The potential is truly incredible!
In this video, we break down why people shouldn't be so concerned about Bitcoin, where we see it going in the next short while, why diversification is important and why the central banking system is going down.
See the FULL video report here:
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