Name: Bitcoin vs. Gold, Which Is Better For You?! - Nas Debates #2
Uploaded: 2022-03-09T16:50:28.000Z
Duration: 17 min 11 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

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ah enough about Bitcoin, all you're doing is losing people's money.

Why do you want people invested in gold and not make any money?

Gerund

The only people who make money out of Bitcoin are those few people at the beginning, everyone else is not making money right now, 92% of people that have invested in Bitcoin have made money at the current market prices.

You're just saying for people to invest in Bitcoin because you're one of the early people you're getting people to invest so you can make money.

Hi my name is Sophia and I'm welcoming you to the second episode of nasty debates today, we have a very interesting topic to debate Bitcoin versus gold.

What is better, what is safer and what should you invest in on my left?

Hi I'm Rockwell shaw co founder of Invisible College a web through university and I believe Bitcoin is a much better asset than gold.

And on my right I have Alex Trebek defending gold.

Hi everyone I'm Alex I own gold and I believe gold is here to stay.

The structure of the debate is fairly simple.

Both Rockwell and Alex have 30 seconds to defend their arguments and our audience can either who if they agree with their statements or boo if they disagree with their statements now Rockwell you may open the debate Alex, I gotta be honest with you, I have no idea why we're having this debate.

If you look at a price appreciation of Bitcoin versus gold over the last 10 years?

Bitcoin has appreciated over 700,000% Where gold is appreciated 15% on top of that.

If you actually look at the market caps like the total value of each market, the gold market cap is over $12 trillion.

But the Bitcoin market cap is like 607 $100 billion.

When you think about how much more room Bitcoin has to grow.

Okay Rockwell but you're missing one very important point over time.

So actually if you look at it, if you held onto gold you would have made 8% every single year.

You know most people think That gold is slow and steady but you can see that most of gold's price is actually speculation.

Do you know what the year 1730 and the year 2010 have in common.

If you invested $100 in 1730 you would still have $100 280 years later.

If you actually invested in the stock market and got index based returns 8% per year.

Like you're talking about after 280 years you'd have over $4 billion.

Okay guys hold on hold on hold on before you kill each other.

I'm gonna take a little bit of a break and then tell you about this guy Rockwell actually is the newest teacher, Donna's academy and he's teaching something incredible.

He's teaching Bitcoin, He's teaching a master class on how to understand Bitcoin.

Probably the most comprehensive class on Bitcoin in the world.

It can have very bad days, it can have very good days.

If you're going to be a Bitcoin investor you need to stay strong even during the very bad days.

So hostile and also is teaching you how not to get screwed in crypto 101, you wanna tell them about the class.

So in the Bitcoin master class we're gonna teach you about this transformational technology that's happening really.

If you want to get involved in Bitcoin, if you want to invest in Cryptocurrency, you need to know how to do it safely.

You need to know how to do it thoughtfully.

You need to know what percentage of your portfolio should you be putting in?

We're going to teach you all of that and more and remember this is not a class actually right, this is a community.

So if I take your class, I will be surrounded with like hundreds of other people that also want to understand but going also wanna understand crypto and we become part of your community, correct?

We're here to support, We're here to support.

The classes available right here on this link.

So Rocco, what I think this debate is actually about whether you're about stability or volatility, Gold has proven to stand the test of time.

The ancient Greeks used it, the Romans used it, the Italians used it and we still use it today.

So gold has proven to stand the test of time.

Bitcoin has stood the test of time of 13 years.

It hasn't even been through a major recession yet.

Gold is the one that I would bet for the long term and I think gold is the one that everyone listening will bet on for the long term.

Yeah, I'm glad you brought up gold history because gold has a really long history of doing nothing.

So if you like not making any money on your money, if you like having the same amount of money today as you will 10 years from now invest in gold.

But if you actually want to make returns on your investment, as most investors do, then gold is a terrible asset plus and it has a very long history of demonstrating that so Rockwell, this is where I think you're wrong because when people look at investing, they also look at preserving what they own, not just about growing, what they, When it comes to any recession over the course of the last 200 years, there is a common thing that everyone has done.

They have taken their money and they put it in gold.

Gold provides stability that the everyday person needs in order to preserve their wealth and to preserve their life.

Just focusing on long term returns is not what every day you need to pay your bills, you need that money available to you to use.

So it's interesting you talk about long-term stability.

If they pull up the graph of the gold prices, you'll see major drops in the prices multiple times, including in the 80s and the 2000s.

And so how can you say that there's long-term stability when you see 80% price depreciation over these time periods.

In fact, if you bought gold In the early 1980s, you still haven't made any money and frankly, if you want something safe and you want something secure just by inflation adjusted government bonds, which is what most rational well versed investors do.

So Rockwell, let's talk a little bit about what Bitcoin was created to do.

Bitcoin was created to be a currency, but we don't see it being used as a currency today, interestingly, gold has been used as a currency, It has been used for many, many other things as well.

You know there are so many things that gold can be used for.

I can't see the things that Bitcoin are being used for.

Yeah that's funny you say that because I just saw a headline where we send $100 million dollars to Ukraine to help fight the war through cryptocurrencies including Bitcoin.

So one of the things that's amazing about Bitcoin is that travels across the world in an instant.

Now I understand your point it's not a currency yet but over the next 100 years as Bitcoin grows and plateaus and gets a stable price eventually it could become a currency until then enjoy the price appreciation.

So Rocco, there's one point you're not mentioning about Bitcoin which is it's amazing that you can send Bitcoin across borders and help people.

But the truth is today you cannot withdraw Bitcoin in large amounts.

In fact a lot of places a lot of crypto exchanges only let you withdraw Up to $50,000 By the way, the price of Bitcoin was higher than $50,000.

So that means at some point you can't even withdraw one Bitcoin.

So what's the point of transferring all this money around the world if you can't even draw it out and use it.

Oh You know it said like somebody who's actually never transacted a Cryptocurrency before as somebody who routinely does, I can tell you centralized exchanges definitely let you withdraw more than $50,000.

Not all of us have $50,000 a day to withdraw from our bank account.

And I think that's one of the really important points.

You know when I think when people sit down today and think about Bitcoin or gold, what they're thinking about is what do I have access to today and I think today the challenges if I want to start investing in Bitcoin there are many different hoops that I need to go down in order to start gold today.

I can walk to my bank and I have an ability to start investing in gold.

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Bitcoin vs. Gold, Which Is Better For You?! - Nas Debates #2

absolutely

access

appreciate

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