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Bitcoin has passed $11,000 a coin for the first time in months – in this video we explain why cryptocurrency has been surging and why Bitcoin is shooting up
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Bitcoin PASSED $11,000 A Coin – Understanding Cryptocurrency And Bitcoin
0:35 – Bitcoin passed $11,000 a coin and it’s happening as the government is in talks of another round of stimulus
1:22 – The United States is printing more money to fund another round of stimulus
2:00 – How the government gets money to fund their operations
2:47 – Why the government needs to print more money to fund stimulus plans
4:12 – The value of our dollars and how printing money causes inflation and lowers the buying power of our dollars
6:15 – Why people are jumping to cryptocurrency as more money is printed
8:19 – Bitcoin and cryptocurrency is meant to be a currency however many people are investing in Bitcoin as a commodity rather than a currency
9:00 – Should you be buying a commodity like Bitcoin
10:02 – How Bitcoin and cryptocurrency could provide more value if it is used as a currency
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DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated – but there’s no additional cost to you.
DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.