Get my paid Bitcoin course here: https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin In this video, I discuss whether the BlackRock and other spot Bitcoin ETFs have the potential to destroy Bitcoin, by massively decreasing demand for Bitcoin transactions and thus defunding miners once the block subsidy has gone to zero. It's highly unlikely that Bitcoin stops moving around, since even bulky and unwieldy physical gold has not stopped moving around even after 10,000 years. Bitcoin will continue to be the global settlement layer for neutral money, even if large amounts of BTC remain in ETF custody. At some point, governments will raid Bitcoin custodians in their country, and then either spend or lose that Bitcoin, thus creating even more demand for on-chain transactions that generate transaction fees. Here's another wrinkle on the argument: Bitcoin's initial distribution from 2009-2020 favored more libertarian, anarcho-capitalist, anti-statist types who are unlikely to sell much or all of their Bitcoin to BlackRock, regardless of price. The more BlackRock pumps Bitcoin and enriches Bitcoiners, the less BTC these Bitcoiners need to sell in order to buy essential or luxury goods. This suggests that there will always be a black market (or free market) for Bitcoin that will continue to circulate: the decentralized Bitcoin circular economy. If you are not going to buy Bitcoin because of silly FUD like this, you are not going to be any safer. You will be herded into something much worse like CBDCs and social credit scores. Bitcoin is freedom money. Buy BTC, not the Bitcoin ETFs. Bitcoin ETFs will give you price exposure, but not the precious freedom that comes with being able to store and secure your own money and being able to choose to spend it as you wish, without needing to beg for permission. If you buy the Bitcoin ETF first and then change your mind later, you will have to pay huge capital gains taxes and thus end up with less money as you move from the Bitcoin ETF to real BTC. The window is rapidly closing. The Bitcoin ETFs will probably be approved some time in January 2024, and then Bitcoin will really rip. Take advantage today of your last chance to front run the institutions and buy BTC before they do. Not investment advice! Consult a financial advisor. BlackRock ‘Will Completely Destroy Bitcoin’: https://www.forbes.com/sites/digital-assets/2023/12/26/blackrock-will-completely-destroy-bitcoin-shock-price-warning-as-huge-spot-etf-update-suddenly-revealed/ Arthur Hayes essay: https://cryptohayes.substack.com/p/expression Bitcoin fees too high/too low meme: https://twitter.com/allenf32/status/1726541210284949742 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #BlackRock Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. ... https://www.youtube.com/watch?v=187FS7h8KOA

Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss whether someone could guess your Bitcoin private key and use it to steal your Bitcoin. A Bitcoin private key is simply a very long binary number (256 bits) that can be used to sign Bitcoin transactions, and thus verify ownership of that particular UTXO. There are somewhere on the order of 10^77 possible Bitcoin private keys. Guessing the right private key is much worse than trying to find a single grain of sand on earth, or trying to find a single drop of water in the oceans. It's equivalent to trying to find a single atom in the known, observable universe. Even if you could try 1 billion private keys every second, it would still take you many multiples of the current age of the universe using current computing power to find the right private key. A 256 qubit quantum computer could find the right key instantaneously. At some point, Bitcoin's signature algorithms will need to be updated to include one or more quantum-safe signature algorithms. This is very easy to do using a simple soft fork. Not investment advice! Consult a financial advisor. Check out my best-selling Bitcoin book from Amazon: https://www.amazon.com/gp/product/B08RX8Q4ZQ/ Top richest Bitcoin addresses: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html Blockchain explorer: https://oxt.me/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ How many grains of sand on Earth? https://alexaanswers.amazon.com/question/4AG2xp3Q0zFFn8T6ZUpnoJ How many drops of water in the oceans? https://lisbdnet.com/how-many-drops-of-water-are-in-the-ocean/ How many atoms in the universe? https://www.universetoday.com/36302/atoms-in-the-universe/ Eddington number: https://en.wikipedia.org/wiki/Eddington_number I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #PrivateKey #QuantumComputer Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. ... https://www.youtube.com/watch?v=wtuMbMVE-io