so if you would have bought $100 worth of Bitcoin 7 years ago how much would
that be worth today that number will surprise so everybody had that one
friend 5 10 years ago that told him to buy Bitcoin it told him about Bitcoin
and they're like what is Bitcoin you do a little research on it it all sounds
like a big scam it really made no sense why I would buy a Bitcoin I actually had
a friend tell me about Bitcoin about six seven years ago and they're like dude
this Bitcoin thing is going huge my friend was a big computer nerd he was
into the whole gaming and buying stuff online cryptocurrencies and hacking all
this stuff but he always always into is really big in the torrents and sharing
all that kind of stuff he literally told me like dude this Bitcoin thing is going
to be huge and I think and I researched it I looked into it I saw the price it
really made no sense at the time well then couple months later a couple
years later it started to spike up it jumped up pretty big I think it's like
six hundred seven dollars at one point and at that point I was like well I'm
definitely not going to buy now because it's over price why would I want to buy
the stock so then after that ended up crashing down there was some hacks there
was some stuff going on the market the Bitcoin just was really working out
nobody was really gonna you know legitimize it or try to figure out how
to buy stuff with it you were trying to buy stuff online Silk Roads I liked that
buying drugs and all kinds of weird stuff online but overall the Bitcoin was
still kind of like a black market thing well after that big crash it kind of
started to get a little bit more momentum people started talking about it
more they started really pushing it the whole idea of the fiat currency you know
the world market with the world currencies like US dollar not being
backed by anything and not really being real at all just the idea that the US
says this dollar is worth this much amount there was really no value to the
US dollar other than the u.s. saying what it's worth because there's no gold
there anymore and everybody sold off all their gold and gold prices went now and
then go punch someone up and go price went down the world governments are
trying to keep the price of gold down so it keeps their currency higher and
everyone basically values their currency off of the US dollar so that's kind of
the whole fear and the idea like oh well if the US dollar crashes and the overall
market crashes and everyone loses everything they have in the world ends
and boom doomsday but the idea is that Bitcoin is the one Savior because it
a cryptocurrency that is not backed by actual value of you know government
stuff like that it's a peer-to-peer transaction and it's all regulated with
the idea that every transaction is recorded and everyone kind of knows
every time a Bitcoin is Spain I can't really get into the fine details of it
because I don't understand the exact meaning of it all if you'd have bought
Bitcoin back then seven years ago when it was worth 0.003 cents and at today's
price of twenty seven dollars you'd have 72 million dollars so a lot of bad
investment if you had invested $100 seven eight years ago on Bitcoin you
would now be a multi-millionaire off of $100 so the guy who bought a pizza seven
years ago with bit court he had 20,000 bitcoins
he bought a pizza with it online he ended up paying twenty million dollars
for pizza not bad not bad for the guy who bought the pizza maybe pick up the
Bitcoin who knows but overall pretty insane you know it's one of those things
like today I look at Bitcoin as $27 and then I say well that's way too expensive
well I'm not going to buy at that point and then a year from now bitcoins five
thousand dollars and it's just like this there's really no way to know when the
top is where the bottom is that you do your research figure out what the best
investment is rising bitcoins a good buy right now my desk I don't think it's a
good buyer now because there's a good chance it's going to pull back some but
I might be wrong maybe just keeps on going maybe it breaks through that three
thousand dollar mark broke through two thousand dollars and nobody really
thought that it would get to that point if you haven't done research on Bitcoin
to check it out I'm not telling you by any means to go out and buy a Bitcoin or
start investing in it but kind of learn about it get some ideas about other
crypto currencies that have been up big this year as well you know this holds
momentum an idea of buying crypto currencies to protect your money and
have value in the future if the overall world fiat currency market kind of fails
at some point once people stop wanting to buy US Treasury bonds so I guess
we'll see what happens here maybe this time next year I'll be making
another video talking about how I could have bought Bitcoin last year at twenty
five hundred dollars and now I set $5,000 so who knows thought you guys
might be interested in that little fun fact that if you would have bought $100
with a Bitcoin seven years ago you would be a multi-millionaire now
if you fall it today