Listen to this episode:
They discussed how Texan HODL discovered Bitcoin through a popular online game called RuneScape. They then talked about the underlying research and reading that prepared Texan HODL to enter the Bitcoin mind space, investigations such as the problems with the 2008 financial crisis.
The conversation then changed course, moving on to what Texan HODL finds most amazing about bitcoin; He cites the incredible amount of variation in bitcoin’s use cases, applications, and what it means to different people.
Finally, Texan HODL revealed what they are looking forward to the most in the Bitcoin industry, as well as their price predictions for 2021 and 2030. Be sure to watch the full video on YouTube and keep an eye out for the next “Meet The Plebe.”
What’s Your Bitcoin Burrow Story?
The first time I heard about Bitcoin was in July 2013. Growing up, I was a huge RuneScape fan. One day, I came across a website that allowed you to buy RuneScape gold with something called bitcoin. After begging my grandmother for days, she finally agreed to open a Bitstamp account for me and we bought 2 bitcoins for about $ 200. I thought I was getting a great deal buying fake money with other fake money! Then I sent the bitcoin to a suspicious company and received my gold from RuneScape. After that, Bitcoin wasn’t on my radar again until my freshman year of college in September 2017. Throughout high school, I spent a lot of time studying the financial crisis of 2008 and had developed a strong dislike of the Federal Reserve. due to their recklessness. response to the crisis. So when I read the Bitcoin whitepaper in September 2017, it struck me instantly. Strong money that is controlled by rules, not by rulers. It was exactly what I was looking for. I immediately plunged into the rabbit hole reading all the literature I could get hold of and I haven’t looked back since.
How has bitcoin changed your life?
Bitcoin has changed my life in two main ways. First, it has significantly reduced my time preference. Before learning about bitcoin, I spent all the money I had as soon as I got it. This is just one of the problems with inflationary fiat currencies, they incentivize spending, not saving. After learning about bitcoin, I found myself doing the exact opposite. I no longer spend money on useless materialistic items, go out to eat five times a week or spend $ 200 at the bar. It has taught me to be responsible with my money and to save for the future. Second, it has given me hope. Upon entering university in 2017, he was pretty lost. I didn’t know what I wanted to do with my life and the future looked pretty bleak. Now that I have bitcoin, I am extremely optimistic about the future; I finally found something that has given my life purpose.
What is the most surprising thing about bitcoin for you?
The most surprising thing about bitcoin to me is that bitcoin is different things to different people. You can’t put it in a box. For example, if you are the CFO of a corporation and need to protect your cash position from currency degradation, bitcoin can help. If you are a citizen of a country governed by an authoritarian regime, bitcoin can help you escape capital controls. If you want to send $ 5 to a loved one in a different country, bitcoin can do it instantly and for free. The list goes on and on. This versatility of bitcoin surprises me more every day.
What are you most looking forward to in the Bitcoin space?
I’m excited to see where Jack Mallers Strike leads. The ability to send money to everyone instantly and for free is amazing to me. What he’s doing in El Salvador is amazing and I’m excited to see what he does next.
Price prediction for the end of 2021 and the end of 2030?
My prediction for the end of 2021 is $ 100,000. I think an ETF is likely to be approved by the end of the year and it will unlock a lot of capital that is currently on the sidelines. My bearish prediction for 2021 is $ 58,000 because Deniz and his $ 58,000 gang will be tough to beat. My price prediction for 2030 is ~ $ 1 million. I have no reasoning for this prediction other than “it’s going to go up forever, Laura.”