High Demand For Digital Gold: Could Bitcoin Exceed $100 000 In 2024?
Channel: Cryllionaire Crypto Education
Date: 25/10/2023

A simplified explanation of the Bitcoin halving or bitcoin halvening and how it drives prices. We compare Bitcoin mining to gold mining, from pre-history, to the 1850s Gold Rush, to today. Every time it gets harder to find new gold, the price rises. Bitcoin mining increases in difficulty every four years, regardless of technological advances. Price must rise as scarcity increases. 



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00:00 Introduction
00:10 greetings
01:36 The New Gold Rush
02:10 Gold is *real money*
02:41 low cost to entry in 1850s Gold Rush
03:19 mechanical gold mining drove prices up
04:02 cash used to be money, backed by gold, now is just fiat currency and NOT "money"
04:39 central banks and Fed cash printing has devalued your cash
05:39 Bitcoin fixes this -- no more inflation
07:15 the halving makes Bitcoin more scarce and  more valuable
10:18 what are altcoins?
11:11 DIY investing with Cryllionaire.com
11:58 white glove investment done for you with the world's first crypto mutual fund
12:29 diversify your investments for safety 
12:48 free resources for your crypto journey
13:50 Q&A

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