This can be a transcribed excerpt of the “Bitcoin Journal Podcast,” hosted by P and Q. On this episode, they’re joined by Greg Foss to speak about how proudly owning bitcoin is the best uneven commerce in historical past and why bitcoin might have a price of $2 million in right now’s worth.
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Greg Foss: [Discussing the current state of the U.S. Treasury bond market.] Japan is dumping it. Russia is dumping it. China is divesting from U.S. Treasury bonds. So who’s there to purchase it? I suppose the Treasury should purchase their very own bonds. What does that imply? QE (quantitative easing) infinity. Therefore, bitcoin. So that you see? Look, it is fairly easy, guys. Do not overthink this; play the chances, play chances.
I might lay out why bitcoin ought to sometime commerce for over $2 million in right now’s {dollars} per bitcoin, primarily based on that thesis. However once more, it is likelihood evaluation. It is sitting in a threat chair. It is enjoying out completely different eventualities after which placing your cash behind a situation that has the best anticipated worth. Which isn’t to say it has the best likelihood, it is to say that the possibility of it taking place, multiplied by the value that happens when it occurs and anticipated worth is probably the most opportune. That is why I feel bitcoin is the best uneven commerce alternative I’ve ever seen in my profession hedging threat. I am not 100% sure. However I am fairly darn assured that at $20,000 per bitcoin, it represents an unimaginable uneven alternative.