Lyn Alden - Why You Must BUY The Bitcoin Crash NOW! | July 16, 2021

Lyn Alden - Why You Must BUY The Bitcoin Crash NOW! | July 16, 2021

Here, Lyn Alden explains the features of Bitcoin and its uniqueness compared to gold and other assets. Below are the key points in the video:

Bitcoin is a technological invention that solves digital scarcity. It's a digital asset that can't be copied and a bearer asset like gold or physical cash. Since Bitcoin was created, it has been liquid enough to have a measurable price. It has an exponential increase in market share and value.

Bitcoin is programmed every four years to reduce by half the issuance of new Bitcoins generated every 10 minutes. This reduces the supply while demand remains at a steady rate. Bitcoin has had numerous bubbles along the way and has fallen over 80% multiple times. After being pronounced dead, it consolidates and ramps up.

Bitcoin was created in early 2009, and it has gained market share in its 12 years of existence. So, Bitcoin is set to be monetized in real-time, and it has become an asset class in its own right. Many cryptocurrencies have been launched. While many have been unsuccessful, some have been successful.

Bitcoin and gold have different pros and coins, but Bitcoin brings a lot of new dimensions to the table. Gold is more durable. If there's a sure asset that won't be worth a zero dollar in 100 years, it would be gold. It doesn't require any energy input to maintain itself. It's also somewhat fungible and has the longest established history of any asset.

As for Bitcoin, it brings different variables to the table. It's stronger and more portable. Gold's lack of portability makes it more centralized, so banks issue banknotes tied to gold, rather than people carrying around the gold themselves.

Unlike gold, Bitcoin is a digitally native bearer asset, so it is good for e-commerce. It is challenging to stop or confiscate Bitcoin. It is also more verifiable. While gold coins are easy to verify, gold bars aren't. Bitcoin is auditable because you can prove to someone that you own a certain amount of Bitcoin and use it to get a loan. You can digitally sign Bitcoin and show the proof on the blockchain. But ordering large pools of gold is more difficult and prone to trust.

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