A Masterclass on Bitcoin (What You Should Know) | The Prof G Show

The Prof G Show – Scott Galloway
The Prof G Show – Scott Galloway
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Published 2021-01-11
The episode was filmed on Dec 23rd, 2020, when Bitcoin traded at ~$23k.

On this episode of The Prof G Show Scott Galloway uses historical context to discuss the future of the largest cryptocurrency on the market: Bitcoin.

0:29 Bretton Woods Agreement
1:19 The Nixon Shock & Rise of Fiat Currency
2:43 Cronysim & the Rise of Bitcoin
4:47 What's Better than Gold?
6:35 Criticism of Bitcoin
8:28 What Does This Mean for the US Dollar?
9:05 Why I'm Investing...

Check out The Prof G Podcast on Bitcoin: podcasts.apple.com/us/podcast/state-of-play-bitcoi…

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Music:
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All Comments (21)
  • @JacksonMiley-iq7mo
    Every successful investor has seen their fair share of losses. smooth seas don't make good sailors. if you haven't seen any losses yet rough waters are coming.
  • @damianpriday4655
    Watching this is December 2021 and its amazing how Prof G nailed the inflation prediction.
  • @Ljcoleslaw
    "I'm investing in bitcoin, because I can afford the risk and I don't want to feel like an idiot if it goes to $100k this year." This is FOMO personified.
  • @AkoKyle
    Prof G covering Bitcoin, this is the great genesis to many more to come professor #BTC
  • @shahinir
    Thank you for this short, clear, and simple to understand video!
  • @dannynguyen7076
    LETS GO! One of the best, visually appealing video explaining bitcoin to a beginner yet. Subscribed.
  • @bmaw604
    always enjoy your videos / talks.
  • @dannydoyle8731
    agree, I have "gambled" into bitcoin the amount I feel comfortable at losing without breaking a (few) night's sleep, that's the only rational way I can justify it.
  • @Rohwit
    Thanks Prof. Helpful. Love from India
  • @zupah5918
    great video, made me lose my house. THANKS MAN
  • @seanhawley9855
    Long term investor's know that the market and economy will recover eventually, and investors should be positioned for such a rebound, I gained $270k from bitcoin of 2021. Before the market crash and now am buying again, adding more at a time. Having a good financial advisor like Mr. Lyle Keith, it will add to your success in the crypto market
  • @Juttutin
    Is "sometime in 2021' like, next week?
  • @petergoodwin4639
    Nakamoto's consensus protocol increases the computational complexity of mining bitcoin over time. Increased complexity leads to increased hardware costs for miners. Increased hardware costs raise the barrier to entry for mining (remember, miners are the backbone of the network). All of this results in increased centralization around a few mining pools (currently around 19). It is worth considering this trend before you buy something that you assume will always be thoroughly decentralized. FOMO may very well pump the price much higher, but just keep an eye on the growing divergence between the advertising (decentralization) and reality (fewer miners).
  • @seka9910
    So I guess there are comment bots that bomb every video that contains Bitcoin in the title?! Go figure Youtube....