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Bitcoin Lamborghini REGRET? - 5 BITCOIN FACTS BEFORE YOU BUY!

September 13, 2022 8:35 Web3, Bitcoin & AI

Peter Saddington, known for purchasing a Lamborghini with Bitcoin in 2017, shares five reasons why he believes selling Bitcoin is a mistake. He clarifies that Bitcoin should be viewed as a deflationary asset, not a currency, due to its tax implications and scarcity. Saddington argues that Bitcoin, unlike other commodities, has a verifiable and limited supply of 21 million coins, making it a superior store of value. He emphasizes that Bitcoin is the only asset one can truly and instantly own and transfer securely without intermediaries. He further contends that Bitcoin is becoming the meta-index asset, against which all other assets will be measured. Drawing from over a decade of experience, Saddington predicts a substantial increase in Bitcoin's value, driven by its growing user base and technological advancements. He continues to advocate for his original mantra of buying, holding, and never selling Bitcoin.

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About the Creator

This video is part of a library of 780+ episodes published by Peter Saddington on staas.fund. Peter is a serial entrepreneur, venture capitalist (StaaS Fund, RegD 506B), and AI practitioner who has trained 17,000+ professionals in agile and AI methodologies. He bought Bitcoin at $2.52 in 2011, built 4 autonomous AI agents (the Council of Dogelord), and operates 10+ websites with zero employees. His AI Workshop has been attended by Fortune 500 teams, and his newsletter "The Agile VC" reaches thousands of subscribers weekly. Peter holds 3 Master's degrees (Divinity, Computer Science, Computational Operations Research) from institutions including Georgia Tech.

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