In this video, I talk with derivatives and Blockchain expert @StephenKendal about the latest news on Bitcoin and cryptocurrencies as we see massive rallies in the value of Bitcoin as well as minor corrections.
Stephen goes into the long term effects of Bitcoin fluctuation and how Bitcoin does not have a value cap as it has an infinite value potential due to scarcity and demand.
Decentralization is incredibly important as the fiat empire which has been designed to fail by its very creation is about to meet its inevitable end. As the fiat currencies are devalued and run on debt and fractional reserve banking, people are proving their lack of faith in the worthless IOUs as they flock to cryptocurrencies. In January the entire market cap for cryptocurrencies were $18 billion. They are now above $115 billion, Bitcoin taking up about $44.5 billion of that cap.
The future is wide open and the sky is the limit! Ethereum has made incredible rallies as well as of recent and this is all the more reason we will see many rebellious millionaires and billionaires in the future!
You can see the full video interview here:
Stay tuned for more from WAM as we post more with Stephen Kendal!
Note: Our report on Steemit will be posted tomorrow due to a longer than usual processing time. Stay tuned!
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Thanks for this great interview @joshsigurdson and @StephenKendal.
Its fascinating how many people often just look at price when considering an asset and forget entirely about scarcity. Remember too that a lot of bitcoins were permanently lost. While impossible to know, I think 3 million lost is a good estimate. Just last week, on a lark, I attached an old hard drive I had stashed in my closet and discovered 1.7 bitcoins. I was lucky, those could easily have been lost forever. There are lots of stories of miners losing coins to hard drive crashes and other mishaps.
Also interesting is that while bitcoin is scarce, it's simultaneously highly divisible with 1 BTC = 100,000,000 satoshis. Paying a $1 for 100 satoshis doesn't seem too ridiculous right? There's our million dollar bitcoin!
This concept of the bitcoin is new to me. I have to read up about hardware and bitcoin. 🙄#hopeful
What are your thoughts about using excess solar power from your offgrid installation to power cryptocurrency miners? Much better return on investment than selling power back to the grid.
A little complex in my opinion but when it comes to alternate grids it's definitely appropriate considering the concerns of so many regarding the possible future destruction of power grids.
Mining has become incredibly profitable lately. I wish I knew how to. lol
awesome post! thank you!
Please continue posting awesome stuff like this..
here I give you my Upvote! :)
lmao thanks! :) Lots more to come! ;)
Thanks for this - watching the interview now.
Our pleasure!
It has been an exciting day :D
Bitcoin has no ceiling!! 🚀🚀
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