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SLP442 Joe Burnett Bitcoin Long Term Security and why ETH is doomed

Stephan Livera Podcast

00:00

Cryptocurrency - What's the Best Time to Buy Bitcoin?

Joe Phenomenon: In the long run, I'm extremely bullish on Bitcoin. For Bitcoin to really go in another bull run, I kind of expect like the macro situation to have to shift because if dollars are ultrasound right now and the M2 money supply is decreasing then it's going to be more difficult for Bitcoin to go in a bull run. But at the end of the day, we know that fiat money is designed to debase people as they take on debt to buy homes or businesses. Whereas Bitcoin is getting stronger all the time with only 21 million Bitcoins remaining. And so there's only going to be infinitely increasing dollars over time which will make Bitcoin even more valuable.

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