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Perhaps I should be framing this opinion piece with my motivation behind creating it.
Here’s the deal, I’ve heard some say that Bitcoin could one day replace the USD as an international form of settlement. And that this is what will ultimately lead to one bitcoin being worth $1 million dollars (insert Dr. Evil impersonation here.)
It’s great that this form of value transfer has achieved such high price appreciation over the years and is being predicted to continue into the future, but I think it’s important to differentiate between the price of Bitcoin and the value it holds.
Superficially, this concept of value versus price is always something to keep in mind if you choose to invest in something like Bitcoin.
But I want to challenge you to think deeper on this concept.
I say this because we’re now entering a stage of adoption and usage that has already gained the attention of governments around the world. We are now transitioning out from being an underground movement of cryptographically secured, financial freedom and we’re now moving into a time where big players have their eyes on it and those who are a part of it.
We’re entering a time where the true backbone of Bitcoin and cryptocurrencies will be tested.
How many people have been saying that now that the governments are trying to tax and regulate cryptocurrencies, they are now officially legitimate? I’m sure the orthodox Bitcoiners out there shudder when they hear this, but this is the truth of the masses. They follow what is deemed legitimate by the “powers that be”. We’re going to have to come to grips with the fact that the masses aren’t necessarily masses of anti-governmental anarchists, or even people who particularly recognize how this new digital money can fully affect their lives.
They could, if they can properly experience financial freedom that Bitcoin has to offer, but until then, these are the people we will need to educate and inspire in order to solidify the future of Bitcoin.
Without a doubt, I agree that Bitcoin will reach heights that right now might seem astronomical for those new to this space. It’s also important to pay attention to how this technology is disrupting the current systems. We’re seeing governments around the world either trying to regulate it, or implement their own cryptocurrency. We’re seeing banks first trying to demonize it and now exploring their own use cases for blockchain tech.
And then there are thoughts of the US adopting Bitcoin as a means of accomplishing international settlements. This could easily send the price of one whole bitcoin to $1 million. But it’s far more likely that the U.S. would instead create their own crypto to serve as a means for paying taxes. I personally have a hard time agreeing that a heavy handed government like the U.S. would want to adopt a currency over which they would have no centralized control. I’m pretty sure that would be a prerequisite for this to even happen. Furthermore, if this were to happen, you better believe the U.S. would work to centralize the crap out of it, thus destroying the very thing that we all value so much right now.
What’s the point of having $1 million Bitcoin if its essentially assimilated to the very thing it’s been designed to disrupt? I’m just going to leave it at that.
This brings me back to my point here today. The value of Bitcoin, what it truly represents, is so much more than just a new all time high.
It exists thanks to the countless hours volunteered by incredibly smart and motivated individuals who just wanted to change the way the monetary system could work. To give financial autonomy back to the individual.
Those individuals who were a part of sparking this whole new form of financial freedom and responsibility are people that deserve a whole lot of respect and appreciation. Many of them have chosen to remain anonymous, but I’m going to do my best in the next few videos to shed some light of a few of these individuals and what it was that motivated them to spark this epic new technology.
* ** I like this part the best ** *
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Great as always…
thank you heidi! remembering what's important about this movement is key in moving forward to freedom. <3
Hello Crypto Tips! interesting video! A lot of people are afraid of the current bearish market, which is understandable, but smart investors are taking advantage of this situation and buying a lot! one of the coins my friends are buying are privacy-oriented coins like Monero, Dash, and DeepOnion, they know how valuable this hidden gems will be soon!
I agree that Bitcoin and platforms like Ethereum and Neo will be the popular go-to blockchains for the masses, but it's worth remembering that those anti-government misfits and crypto-anarchists were once the driving force behind BTC until privacy coins gained popularity. Eventually the masses will recognize the need for anonymous transactions from the likes of Zcash and DeepOnion, just like they reocgnized Bitcoin.
Bringing some light on individuals behind the Bitcoin development? Don't do that, please! There is so much need for privacy.
Thanks.
Hi, I always like the view of the beginning and endings of your video, if you don't mind me asking where is this lovely view taken from?
You got mine subscribe
Whether people like it or not…we can speak a million words about decentralization, but the bottom line is that unless US Govt. gives very positive regulation to cryptocurrencies, the price and value shall remain on the paper for long. The next greatest trigger for bitcoin is the approval of Bitcoin ETF by SEC. USA is the kingdom of technological innovation of the world and it will continue to be in the future too. Let us pray that USA will come out with a favorable regulation. I am sure, the brightest minds in USA will come out with a positive regulation in future.
what is that intro song??
My reasoning for why it will never hit 1 million dollars, is that when it hits 500k it will be too tempting for most to sell and cash out to fiat- to pay off houses, student loans, start companies, etc. Also so many people have seen it skyrocket and then fall at different levels that it will be hard for some to believe 500k is obtainable much less 1 million
I disagree with you in the respect of the US wanting to centralize. The Rothschild want centralization.
I feel President Trump is wanting to hang all the corrupt Elite or at least imprison them so please understand that things are NOT the norm anymore and the world will see Very soon of what I'm speaking.
Your prediction is excellent and you are also nice.
Buy and HODL. The dollar will tank due to its lack of backing by actual assets and hyperinflated value. It’s not a matter of if, only a matter of time.
thank you dear
They can just launch some coin of their own and ban everything that exists now, eventually they'll do it.
I'm hoping that Starbucks accepts Litecoin in the near future. Then, the price, after the immediate boom, will be unofficially pegged to a cup of coffee.
this is the worst that u dont reply to any 1
Thanks Heather .. the BTC foundation should be spreading more positive to combat these outrageous attacks from all angles.
Teaser
Bitcoin may indeed become the mechanism used to transfer large sums of money/value between governments and/or businesses. I don't see it ever becoming an everyday currency, but I could definitely see it becoming a digital form of gold.
<3
True
Haha. Speak the truth.
Crypto space needs more upbeat comments! Keep them coming Heidi…enjoy Portugal Ate logo
The main problem of bitcoin is that people want to cash out back to dollars. That is when the goverments have the power over you again, can request banks and companies to track you down, etc. etc…… it is the fundamental problem of this space that people eventually plan to cash out back to dollars, once they see lots of profit. And this is unfortunately the reason why bitcoin will probably never succeed, because 99% of people holding it don't really believe in a decentralized currency and the eventual replacement of their dollars with it, yeah they tell this story to others, but deep inside, almost everyone loves their dolars, and want profit in dollars. This is also why the exact system which functions on wallstreet is now functioning around crypto. It is speculation with the end goal to gain more …….. dollars! This is why everyone speaks about dollar value going up and down on coinmarketcap, etc. etc. It was and is a nice dream, but people never change. Imagine 1 Bitcoin would be 1 million dollars tomorrow. Tell me how many people would hold their bitcoins and not go back to 1 million >> dollars and nobody would be left in crypto space (an extreme example, but makes clear what the real problem of cryptos is, its not goverments, its the greed which makes crypto only a temporary tool for people to gain more dollars, if they can). Crypto would only work and function if it was a one way ticket. Once you go in, there is no going back.
so damned good Heidi! this is a full on graduate level course in crypto that you are gifting us with. thank you.
Loving the intro tunes along with the sights and info!
It’s my fav lady in crypto, well you Naomi Brockwell and Candor are cool. Another good vid look forward to the following updates ??
hi dear hw r u .
ah