Why I Don’t Invest In Bitcoin [Cryptocurrency Investing]

Today, I make the case against investing in Bitcoin. Invest in yourself! Use my link and check out the first chapter of any course for FREE! https://bit.ly/2OEl0Q3

Bitcoin is perhaps the most talked about thing in the financial world. It’s all over youtube from the scammers in my comment section to top channels like Graham Stephen, Meet Kevin, and Andrei Jikh. Even the legacy media like CNBC now dedicate significant airtime to it. Currently, the Bitcoin craze is at its all-time high, having increased nearly 1,000% over the last year with each coin now being worth around $60,000. Some early adopters have become billionaires and significant numbers of people have created life-changing wealth. At this point, you rarely even hear people speak negatively about it. Today, I will explain the argument against Bitcoin and the whole idea of investing in cryptocurrencies. I share the perspectives of Warren Buffett, Charlie Munger, and Bill Gates. Additionally, I discuss other figures such as Peter Schiff, Kevin O’Leary, and Chamath Palihapitiya.

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Timestamps:
Intro: 0:00
Brief Explanation of Bitcoin: 0:46
Warren Buffett’s Perspective: 1:30
Productive Assets vs Non-Productive Assets: 6:06
DataCamp Sponsorship: 9:11
Charlie Munger & Bill Gates: 10:20
Peter Shiff & Kevin O’Leary: 13:32
Chamath Palihapitiya Defends Bitcoin: 14:51
Concluding Thoughts: 17:27
Outro: 17:42

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Disclaimer: This is my opinion and not to be considered financial advice
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#Bitcoin #BTC #Investing