Bitcoin's days of creating massive wealth are over, now just a wealth-preservation asset with modest gains. Its technology is outdated compared to newer platforms like Hashgraph. The speaker suggests investing in more promising altcoins instead.
Chapters
Are 2 reasons that you should not invest in Bitcoin. You should invest your money in altcoins or other coins than Bitcoin. Number 1, Bitcoin's wealth creation opportunity is over with. No one putting money in Bitcoin right now is going to get extremely rich off of it unless you already have millions of dollars. But that whole period where you could put, you know, $1,000 in and you'd become a Bitcoin millionaire, that's all over with. It's done. That's not gonna happen anymore, it's done. Bitcoin is now wealth preservation. So if you have $50K and you put it in Bitcoin, it's probably gonna go to like $75K or like $100K or maybe $150K. Doesn't make you rich. Number 2, Bitcoin is outdated technology and is very far behind some of the new projects that are building. For example, Hashgraph. Hashgraph technology is way better than Bitcoin's technology, probably like 100x better, 100 times better. There are new networks, there are more interesting coins, there are coins that are doing things that Bitcoin are doing things or have done things 5 years ago that Bitcoin still isn't even doing. Like, come on, bro, it's way outdated. Um, But I like Bitcoin still, you know, it's the grandfather of all of this. None of this would have happened without Bitcoin, so you got to pay your respect— respects. But dude, come on.