Here's why blockchain could redefine the entire banking system as we know it.
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00:00So Bitcoin is, as you may see, has breached the $111,000 mark, and that means that people have confidence in this blockchain technology, Bitcoin being the grandfather of it all.
00:12And so I do think that Bitcoin is going to be set for a longer term upside.
00:16And that's, you know, I don't know the machinations back and forth.
00:20It might retrench back and then go back over $100,000 again.
00:23If it does retrench back, it's a similar situation as gold.
00:27When equities and bonds and money supply constricts, people will create liquidation events.
00:33And sometimes that will be Bitcoin that they will liquidate for whatever capital raise reasons.
00:37So don't get concerned about the gyrations, especially through the summer when we're going through tariff negotiation and you'll see trade deals being announced and you'll see a gyrate.
00:46The future of currency is blockchain.
00:49It absolutely is, whether it's central bank, digital blockchain currency, or it is, you know, privatized Bitcoin, Ethereum and all of the others, blockchain, Dogecoin, blockchain technology.
01:00It doesn't really matter.
01:02It's on the blockchain.
01:04It is the future and it is going to be the end of fiat currency eventually, which means our entire banking system will have to change and a lot of things will be different.
01:12But this is the future and Bitcoin is the grandfather.
01:15And so I think that, yeah, Bitcoin is going to have a nice long run, but it will gyrate down and forth just like gold when there's liquidity based events.