Bitcoin Is The Only Non-Political Money In The World, Says Carl Runefelt On FOX Business carl doubled down on his crypto investment when bitcoin dropped below 40 grand carl says it’ll reach a hundred thousand bucks by year’s end now you’ve made a very big bet on this but my question carl is why hasn’t bitcoin taken off during the well first of all i think that looking at bitcoin in the short term kind of defeats the purpose of what bitcoin is bitcoin is a long-term solution to a broken financial system and i think in the next five years in the next 10 years that’s the kind of time horizon i have when i look at bitcoin so the question Bitcoin Is The Only Non-Political Money In The World, Says Carl Runefelt On FOX Business.
Bitcoin Is The Only Non-Political Money In The World, Says Carl Runefelt On FOX Business
why bitcoin is not going up dramatically in value right now um well i think that the fundamentals of bitcoin have never been stronger what are the fundamentals of bitcoin that have never been stronger that will produce a hundred thousand dollar price tag at the end of this year well first of all the hash rate is still going up year over year the amount of people using bitcoin holding bitcoin is going up year over year and in times of uncertainty we’ve seen that people increasingly turn to bitcoin as a form of money store of value because bitcoin is the only money in the world that has no political attachment your bank money can get frozen your your gold can get confiscated but bitcoin you can literally cross a border with your private keys in your head and you can travel the world with millions of dollars literally stuck in your brain.
Bitcoin Is The Only Non-Political Money In The World, Says Carl Runefelt On FOX Business
this is something that has never been possible before and we can see that uh people in in times of uncertainty are actually using bitcoin more and more and uh in the next few years if you believe that uncertainty will increase i’m sure bitcoin will also increase i’m just i just don’t understand why right now at a time of extraordinary uncertainty in europe and chaos in various economies i’m just wondering why bitcoin hasn’t taken off already or the rest of the cryptos because they really haven’t last word to you okay so first of all i would say that i think that it’s wrong to look at the weekly basis you have to have a longer time horizon the next few months and the next two three years and also i want to say to people that believe that gold might take over gold has thousands of years of price history i agree with that but just like horses have had thousands of prices or it has had thousands of years um that doesn’t mean that people are using horses today for transportation people are using cars the same with uh bitcoin we live in a digital world we need a digital money and we need a non-political digital money and uh bitcoin is the resolution and i think that right now people are realizing it but it will take some time before we uh will see the full transformation karl rovenfeld thanks very much for joining us we will of course be checking on bitcoin every single day for the next 10 years and that’s a fact thank you carl we’ll see you again soon thank you so much for watching that segment i hope that you liked it bitcoin is the only non-political money in the world remember guys your bank money can get frozen your gold can get confiscated but bitcoin remains whether you’re in ukraine whether you’re in russia or slovenia or sweden dubai no matter where you are bitcoin is always online always working for you and for everyone else um i think that is revolutionary i i am so happy to be part of bitcoin especially in times like these of massive global uncertainty so thank you so much for the support you. Bitcoin Is The Only Non-Political Money In The World, Says Carl Runefelt On FOX Business.
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