Earn Your Leisure

Why Bitcoin's Scarcity Drives It's Value

Informações:

Sinopsis

Welcome to this clip of the EYL! In this engaging clip, we sit down with our special guest, Caleb Silver, to delve into the fascinating world of Bitcoin and cryptocurrency. *What You'll Learn:**History of Bitcoin:* Caleb takes us back to the inception of Bitcoin by Satoshi Nakamoto and explains its unique creation process.*Limited Supply:* Understand why Bitcoin's capped supply of 21 million coins makes it a sought-after asset.*Mining Challenges:* Discover the complex and energy-intensive process of Bitcoin mining and why it becomes increasingly harder over time.*Market Impact:* See how Bitcoin’s limited supply and increased difficulty in mining contribute to its escalating value.*Comparison with Traditional Assets:* Caleb provides a compelling comparison of Bitcoin's performance with traditional investment vehicles like the S&P 500, Dow Jones, and gold over the past five years.*Investment Potential:* Learn about the phenomenal returns Bitcoin has offered, transforming $10,000 investments 10 y