Bitcoin in 2021: Unstoppable drive or harmful bubble? | Cointelegraph Crypto Duel

Bloomberg senior commodity strategist Mike McGlone and Bitcoin skeptic Frances Coppola debate the economics of Bitcoin, allegations of manipulation within the crypto market and potential obstacles that would interrupt Bitcoin’s rally in 2021.

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0:00 Intro
1:42 Why do you assume Bitcoin economics “do not make sense”?
5:23 Do you see Bitcoin’s potential as a retailer of worth?
11:49 Is Bitcoin’s capped provide an immutable characteristic?
14:54 What’s going to occur to Bitcoin when establishments are taking revenue?
19:33 Can Bitcoin truly go to zero?
22:00 What might stop Bitcoin proceed its rise in 2021?
23:14 Is Tether manipulating the Bitcoin market?
30:06 Outro

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  1. I use Bitcoin as money. I accept payments in Bitcoin. If there are many more out there like me that continually accept Bitcoin for payments, then the next step is going to be used as money. Once Bitcoin finishes its price discovery mode which is the store of value mode that we are now in, I believe Bitcoin along with the lightning network will start to be used as a direct payment system where people can by and sell using just Bitcoin. All money is, is what people agree on. Bitcoin serves the purpose because it is extremely finite making it valuable. It is a very excellent unit of account

  2. Why they will decides what kind of money the people must use or not ? People decides ! not dinosaurs with past age minds.

  3. She is making the mistake of narrowly looking at bitcoin, and ignoring the blockchain ecospace as a whole, what it tries to accomplish, and why people trust it. Those who believe in it the most, view its value against the dollar as irrelevant.

  4. This lady is an establishment shill!!! As of now Bitcoin is a store of value that can be spent. We still have fiat running the world. Imagine being able to buy stuff with your stocks on the other side of the planet from your smartphone in 5 minutes and it can be done for nothing with stablecoins? I have a hard time following what she’s saying, because Frances doesn’t really know what she’s saying and thats the sign of BS!!!

  5. Bitcoin is made out of thin air lol it’s the largest financial scam in the history of the world. Okay yeah the tech is good but it’s not going to crush the United States dollar

  6. not one of theese pros speak of money printer go burr!!!! Want Bitcoin to go to 0? its very simple, FIX THE WORLD and make it a fair inclusive place for everyone!

  7. The fact that people still don’t really understand Bitcoin works in Bitcoins favour.

    It’s utterly brilliant 👌

  8. Bîtcoin just hít $50,000 for the fírst tìme ever ìn a hìstoric mílestone for the wörld’s most fêmous cryptöcurrency . At a sìmilar tîme , this ràlly is not the same as 2017’s because of a few reàsons that could help BTC soar consîderably higher . These incorpörate developing institutîonal interest , the expanding dîscernment among investors that BTC is a store of value , and more grounded network fundamèntals . This time , institutîonal financîal expertś centered stages are seeing a touchy expànsion in tradíng activíty . Tradìng is the basic safe help for învestors in the cryptô world regàrdless the weîght and detaíl that goes with tradìng cryptò are high yet with the ínformation , stràtegy , and skîlls, a specialîst can stay profîtable and strîking tendîng to little mind to the cost instabilîties in cryptö and tokens . Making profît has been made eàsy for me wîth M.r Danîel Wrîght tradè signàls . I stârted tràding with tràde signàls of an expêrt tradè like Daníel Wríght, hîs dazzlîng system and tradîngg sîgnals has really profíted me . my portfolío grew massívely from 2.5btc to 8btc ín under 6weeks with his trà.de sígnals . He can be rea.ched on Tèl- – gram @ Danielwrightfx ) and Whàt’sApp ( + 1 7 865 2 729 47 )..

  9. That lady is crazy. “BTC is not for spending and therefore can’t run a economy” –> first off yes, but that’s a good thing, do you need all the worthless stuff people get in debt for???? What you need is food, water, and a place to live lady!!! all the rest of spending is wrecking our world!. Second she says “Volatility is built in to bitcoin” How can a so called economist be so stupid? Volatility is the result of a huge demand and a small market! Volatility will go down year after year until FIAT is MORE volatile. It can take another 100 years sure. But it is not “built in to BTC”.

  10. Worried about how people will care about the hard cap in 2140, then apply the same argument to the dollar . . . i think sometimes people don’t hear themselves.

  11. Great discussion… i think worring about the Bitcoin being “old tech” is ridiculous. Bitcoin has a mechanism to change and upgrade it’s protocol and add functionality.
    It’s because of this we’ve seen Bitcoin being able to scale to this point. The ecosystem surrounding bitcoin creates the necessity for it to grow and thrive into the future.
    And the fact is bitcoin is the most advanced protocol. This will become clear in the next year or so with Taproot.

  12. Great content. Everyone needs more than there basic salary to be financially secured. The best thing to do with your money is to invest. Money left in savings always end up used with no returns. I started investing in bitcoin mid November 2019 with the help of a well-known professional, Mrs Aubrey and the profits almost entirely funded my recent duplex.

  13. Value is psychological other than goods and services. Paper that we use currently is losing value because of inflation and the greedy who seek to Hoarder it and control the wellbings of others is why bitcoin is thriving. A sense of freedom from servitude. It is also environmentally better than what we use now. The poor out number the rich and this is a way to turn the dial

  14. Hey Frances! To quote Satoshi talking to Dan Larimer: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry”.

  15. Bitcoin is definitely is the most unstoppable assets. It’s the most revolutionary thing and must hold by every one coz it’s the most safe haven for storing your assets. MXC Exchange is great platform for crypto trading exchange.

  16. The rich invest their money first into assets instead of purchasing liabilities. Take a wise decision today to buy and invest in cryptocurrency

  17. Do you think ORN will be bigger than DOT ? I think ORN is going to 20 Billion market cap there working with Binance and Coinbase and EGLD

  18. Volatility is vitality. We want an asset that is alive and explosive, not one that is old, dead and barely moves. As long as the volatility has an asymmetric bias to the upside, you welcome it. Volatility is a friend if it’s in your favor. Bitcoin has a 230% annualized rate of return for over a decade. I’ll take a volatile 230% a year over a non-volatile 8% or 12% a year forever. And as for her comment regarding old technology, are you kidding me? What? Gold has been the world’s store of value for over 4,000 years, and it’s a dead rock without every having been able to upgrade or improve on itself. Aside from the fact that Bitcoin can improve over time forever (unlike gold), the number one characteristic of a store of value is its unchangable/reliability over long periods of time. These points made by the Brit are very unimpressive to me.

  19. The REASON BTC IS SAFE,.. Bitcoin ( BTC ) will eventually go to 300,000 usd in 2023 ,..and it is mainly because it is a “made’ commodity where people can “Produce” it in their own homes like honey , Computers cannot run without it, the web cannot function without it,.. So it is a safe growing bet ,, Miners keep it alive and well , and Even elon Musk today agrees,.. Some people are simply “Profit taking” for now but New people will always jump back in next week

  20. Haven’t you heard> BTC was the first experimental Bitcoin 10 years ago.
    Satoshi, the inventor deliberately left the code open to fork out more improved versions later.
    In 2019, BSV was forked out to fufill Satoshi vision in whitepaper.
    It has applied for >1000 patents was awarded 600 patents to BSV.
    BTC the experimental Bitcoin has ZERO patents.
    Legally recognised by court of law…BSV is legal Bitcoin, BTC is experimental.
    I need 30 persons to tweet this to Elon and Bloomberg…

  21. Mr. McGlone underestimated the genius of Satoshi Nakamoto. He/she/they had to present it as an electronic cash to initiate adoption. The narrative shifted over a long period of time till recently being a store of value rather than a medium of exchange. Such “phase transitions” have been elaborated in PlanB’s work of Stock-to-Flow Cross Asset model. Please Google.

  22. This woman has “written all her life about finance and economics”, surely she knows more about it than the people who made billions and billions within that system! 😂

  23. Bitcoin trading right now will be at every wise individuals list. In few minutes you’ll be ecstatic with the decision you made today

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