I debated a Bitcoin skeptic (who's also a CFA charter holder!) about Bitcoin's future TIME STAMPS: 00:00 Intro 02:06 Is Bitcoin better than fiat? 09:17 Bitcoin speculation 12:50 How many people are speculating on Bitcoin? 14:40 The benefits of Fiat 18:50 Most people are hurt by fiat today 25:25... Who should control the money? 38:00 The US Dollar benefits America the most 44:00 The majority of people will never understand Bitcoin 46:20 What's the end goal with Bitcoin? 55:15 Nobody can be certain of Bitcoin's future 01:00:21 Is Bitcoin transparent? 01:04:19 The majority of people don't study Bitcoin Special thanks to @JLarge53 for having this conversation and Maurizio Pedrazzoli Grazioli for moderating!show more

Question: If an “asset” produces nothing, earns nothing, and exists only to sell to someone else for more… Isn’t that just a speculative pyramid?

What does gold produce? What does the US dollar produce?

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Respectfully, the moment he said “we just don’t have enough evidence to determine that it is a better system” I knew Rajat was about to COOK this entire debate

This is why it is good to study the Bitcoin Power Law and its significance. All these criticisms are addressed by it. In fact, as an exercise I will write an article taking the skeptics points and will show how the Bitcoin Power Law Theory answers fully the doubts.

The ending was perfect. He says he owns Bitcoin. This is exactly what I'm saying. So many CFA charterholders own Bitcoin. But we don't allocate to our clients due to fear of being ridiculed by the industry. Look at what people do, not what they say. I haven't met a single Charterholder who doesn't own some amount of BTC. Great debate. I'm more bullish on BTC now 🚀

Gold is analog sound money. Bitcoin is digital sound money. They’re not enemies — they’re tag-teaming the collapse of fiat

When you're backed into a corner, you'll be forced to adopt bitcoin. IMO, BTC's adoption is going to come WAYYYY faster than most anticipate.

This guy has a very limited understanding of Bitcoin. Keynesian mindset.

I kept yelling at my phone

Haha he turned the bogus wash trading statistic around on you and said "how do you know it's NOT true." Dude, the burden of proof is on you. You're the one making the bogus claim. If you don't know their methodology or the specific details and you're not equipped to defend that statement, maybe you shouldn't have brought it up to begin with.