Bitcoin Is About to Leave You Behind — Why This Could Be Your Last Shot! | Truth Block

**Hurley** (0:00)
In late 2022, Bitcoin was $16,000 and everyone said it was over. By last October, it hit $126,000, and almost nobody you know made a dollar on it. Now, it's stuck at $64K, cut in half, flat for two months, and everybody's calling it over again. Meanwhile, you can't afford a house, coffee is up 123%, and AI is coming for your job whether it's a bubble or not. So half of Gen Z quit investing and started putting money on sports gambling, because at least a parlay pays sometimes. But nobody is noticing what's happening underneath all this. The money that's been crushing Bitcoin for two years is about to run out. In the last three times Bitcoin sat exactly here, this quiet, this boring, what came next was violent. So this is the window, and today is your final warning. This is TruthBlock. I'm Hurley. Let's mine truth.
Okay, quick favor before we start. Most of you watching aren't subscribed. And that one tap is the best way to support the channel. We appreciate you. I want to start today with why you feel the way you feel. Because you're not imagining it. Over the last seven years, groceries are up 33%.
Home prices are up over 60%. Eggs are up 76%.
Ground beef is up 81%.
And your morning coffee is up a whopping 123%.
Your paycheck didn't do that. Inflation came in at 3.4% last month. Wages 3.2%.
That's four months running where prices beat wages. Which means every raise you've gotten was already spent before it hit your account. So look what people did about it. 52% of Gen Z took money they'd set aside to invest and moved it into sports betting this year. And I'm not going to lecture you about that. When the responsible path pays you nothing, a lottery ticket becomes the only rational allocation of hope. But watch what happened next. Nate Jurasi put that chart beside a survey showing 53% of Gen Z now views socialism favorably and said that the two are related. Then Eric Balchunas answered him. Balchunas is a senior ETF analyst at Bloomberg. He said online gambling, Bitcoin and socialist politicians are just different solutions to the same problem, a lack of affordability caused by the silent tax of inflation, which is easier for a politician than raising taxes or cutting benefits because those get you voted out. So nothing stops this train. Back in 2020, I read an article called The Bullish Case for Bitcoin written in 2018 by a guy named Vijay Boyapati. And that's what sent me down the rabbit hole. Not because it told me Bitcoin was going up, but because it explained why certain things can become money in the first place, and other things never do. It's the closest thing to secret information I've ever run into, and it's been sitting in a free article the whole time. Vijay was on the Mustard Seed Podcast with Joe Burnett yesterday, talking about what makes money different from other goods.

**Vijay Boyapati** (2:45)
What makes money different to other goods is that it's not valued solely based on its utility, what you can use it for. Like you can use a shovel for digging, and you can use a bow and arrow for hunting. And so they have value because of that.
Money has no utility in and of itself in the sense that you can't use it to feed yourself or to do anything, but it serves this purpose of indirect exchange and social coordination.
So you have things which have no utility in and of themselves, but have a really high value on the market. Why? They have this thing called a monetary premium. And the reason they have that premium is because they serve a function that we need in a developed economy of a store of value, medium of exchange and a unit of account. And so people place extra value on top of them above and beyond their utility. And I explained that and I kind of gave a chart of the monetary premium of gold and silver. Gold is mostly monetary premium. The value is mostly explained by its monetary demand. There's a little bit of industrial use, but not much. Silver is mostly industrial demand and a little bit of monetary premium. And Bitcoin is pure monetary premium. You can't do anything with Bitcoin. You can't wear it, you can't eat it. It's just money.
And I think that concept of monetary premium was something that a lot of people got confused about and say people like Peter Schiff, who like gold has value because you can use it as a dental implant or in electronics. Like, no, that's completely wrong and backwards. The reason it's so valuable is because people still value it as money, as a store of value. And the primary marginal demand comes from, say, central banks.