Rapper and entrepreneur Zuby started investing in Bitcoin in 2017 and now predicts a single coin could hit $500,000 within ten years. He sees Bitcoin as transformative as the internet, valuable for borderless payments and remittances, and warns against altcoins while urging people to invest only what they can afford to lose.
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I think what comes across is that you're, you're someone with, uh, with original— but in— you're an independent thinker, and therefore it doesn't surprise me that you're also a Bitcoin investor.
Oh yeah.
Where did you get into it? Early doors? And are you, are you someone that is excited by blockchain technology and what it has to offer in terms of disrupting the economic system?
Oh, yeah. Oh, yeah. Oh, yeah. Yeah, very much so on all fronts. So, yeah, I've been in Bitcoin since 2017. I heard about it earlier than that. I've been an investor since 2017.
Yeah.
But yeah, man, Bitcoin is— I'm super passionate about it. I've just done a collaboration with the Bitcoin Movement clothing company. So we've done a whole line of merchandise. But yeah, I think Bitcoin is going to do for the money and financial system what the internet has done for information.
Okay.
That's what I see, or maybe what the smartphone or mobile phones in general have done for communication. That's where I see Bitcoin going in the next decade plus. I think it's still, despite the fact it's I mean, the whole crypto market cap is now over a trillion as we record this, trillion dollars. But yeah, I see. I mean, look, I'll be straight up. I think Bitcoin, I think a single Bitcoin is going to be worth over half a million dollars within the next 10 years. I think that the market cap of Bitcoin itself could be, I don't know, anywhere from $5 to $15 trillion. So I know right now as we record this, it's probably hovering somewhere around $37,000.
Mm-hmm.
But I think it has a ton of room to grow. It's still very, very early. And I think the philosophy of it, the way it works as a store of value, decentralization, it's very, very aligned with what I believe. And as someone who's just very interested in technology and the future, and who studied computer science and all that, from every standpoint, from a technological standpoint, an investment standpoint, a sociopolitical standpoint, I'm just very on board with Bitcoin. It's something I've studied to some degree, probably every day for the past 3 and a half years now. So when I talk about it, I'm not just throwing out random numbers or like— it's like, okay, this is where I think this is going.
Yeah.
And because of my age as well, I've also seen the adoption curves for a lot of different things. So I remember when people talked about the internet the way they're talking about Bitcoin, right?
Right.
I remember when people talked about email. I remember when people— I remember when people thought having an email address was pointless, right? Why? Because, oh, well, no one else is using it, right? I remember when people thought having a— I've been on Facebook since 2004. I was one of the first people on Facebook. I remember when people thought having a Facebook account was pointless. Why? Because no one else is using it. Oh, and it's a little bit slow. It's not perfect, right? The way people talk about Bitcoin now, oh, you can't buy anything with it. It's a little bit slow. Not everyone's using it. It's not, you know, I'm like, okay, I've heard all this before.
Yeah.
And I understand the use case and the value proposition. I mean, look at how connected we are as a world now. I mean, it's crazy that, I mean, if you want to send money to someone in the USA or in Philippines, Why should you have to pay— it shouldn't be expensive or remotely complicated, and you shouldn't really have to go through a middleman to do it, and you shouldn't have to convert currencies. It's like, why? We have global everything else. Why don't we have global money? That doesn't mean that it totally supplants national currencies, and I don't think Bitcoin's going to do that, by the way. I don't think Bitcoin's going to replace the dollar or replace the pound. But I think it's more going to replace or largely supplant gold and some other investments like that and act as a store of value. And yeah, I just think like if I wanted to send— say I wanted to send money to a cousin in Nigeria, even in 2021, like through normal means, it's a pain in the butt. Like it's a real pain. Like with Bitcoin, it's just like, oh, what's your Bitcoin address? Boom, gone. done. You just pay the small fees. It's gone. There's no currency conversion. You don't need to wait 5 days for your bank to sort it out. You don't need to put in a sort code, bank account number, IBAN number, name, address, all of this stuff. I'm just like, it makes sense to me. It totally makes sense. And most money is inflationary. Bitcoin is deflationary. We already know how many Bitcoins are ever going to exist. And then as you know, if you've got a deflationary currency, from an investment standpoint, as the supply can't increase, so if demand increases, what happens? Price goes up. So to me, as an investment, it's like, it's a no-brainer to me. It's a no-brainer to me personally.
Once this podcast releases, watch surge in Bitcoin prices increases as everyone starts investing.
