Get advanced Bitcoin education here:https://www.bitcoinuniversity.com/joinIn this video, I discuss the interplay between Bitcoin's scarcity, its utility, and its valuation.Scarce things are not necessarily valuable, unless they are also useful. Bitcoin is an extremely useful monetary technology that allows anyone to exchange economic value with anyone else in the world, without needing to ask permission or involve a third party. Bitcoin is also useful, in that it doesn't require a bank account or brokerage account to hold, unlike stocks, bonds, and other financial assets. If you hold your own keys, Bitcoin is a bearer asset with zero counter-party risk.Bitcoin's scarcity relative to fiat ensures that it will pump forever, which makes it more valuable today, as more and more people wake up to this fact. I also discuss the concept of "intrinsic value," which doesn't exist for Bitcoin or any other asset. The value of things is not inscribed deep inside of them, nor set by the amount of labor input (pace Marx), but rather by the free market.I also discuss the idea of a "monetary premium," and how this can help us to understand why Bitcoin is a much better form of money than copper, silver, or gold.Not investment advice! Consult a financial advisor.Two-faced cats:https://www.nationalgeographic.com/animals/article/141205-janus-cat-two-faced-frank-louie-animals-scienceUS dollar is a melting ice cube:https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg"There's an infinite amount of cash at the Fed":https://x.com/TheBitcoinConf/status/1777786084497162419Monetary premium for silver, gold, and Bitcoin:https://x.com/real_vijay/status/1766549172436586786/photo/1Chart of the tulip bubble:https://amsterdamtulipmuseum.com/cdn/shop/articles/Price_explosion_graph_JPG.jpg?v=1508344988&width=1100 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 #crypto #gold Disclaimer Neither Matthew Kratter's 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=x-gyoKTfvk8