Bitcoin: Prepare To Lose Everything?

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In this video, I discuss BOE Governor Andrew Bailey's comments on Bitcoin, in the context of the history of the British Pound and its loss of purchasing power.

I also discuss the characteristics of hard money like silver, gold, and Bitcoin compared to soft fiat currencies, which have unlimited supply.

Not investment advice! Consult a financial advisor.

"Bitcoin-- prepare to lose everything":
https://www.thenationalnews.com/business/banking/boe-s-andrew-bailey-only-buy-crypto-if-you-are-prepared-to-lose-all-your-money-1.1218087

Andrew Bailey bio:
https://www.bankofengland.co.uk/about/people/andrew-bailey/biography

Andrew Bailey scandal:
https://www.bbc.com/news/business-56395534

Purchasing power of 1 British Pound over time:
https://pbs.twimg.com/media/E088zsyXIAMJXE9?format=jpg&name=medium

Sterling calculator:
http://coinapps.com/silver/sterling/calculator/

Treasury Committee meeting transcript:
https://committees.parliament.uk/oralevidence/1692/html/

Does Bitcoin Have Intrinsic Value?
https://www.youtube.com/watch?v=7ABvpz5fWcU&ab_channel=TraderUniversity

UK M2 money supply:
https://tradingeconomics.com/united-kingdom/money-supply-m2

Pound Sterling:
https://simple.wikipedia.org/wiki/Pound_sterling

Bitcoin annual money supply growth figures:
https://bitcoin.clarkmoody.com/dashboard/

Chartalism:
https://en.wikipedia.org/wiki/Chartalism

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#BritishPound
#Cryptocurrency

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