10 May 2021 · 0 min read

Bitcoin Is Replacing Gold w/ Mike McGlone of Bloomberg Intelligence

In this video, Scott Melker aka The Wolf of All Streets, interviews Mike McGlone, Senior Commodity Analyst at Bloomberg Intelligence. They talk about Bitcoin's ability to replace gold, BTC as a global reserve asset, bitcoin ETF approval, and much more.


0:00 Intro
1:44 Why Tesla sold 10% of its Bitcoin holdings
3:20 Bitcoin’s next threshold
4:20 What can prevent Bitcoin from going to $100,000
5:47 Role of ETF in Bitcoin’s future
9:00 The consequences of not having Bitcoin in your portfolio
12:20 Bitcoin as a digital reserve asset
13:35 Can Bitcoin still go to zero?
15:45 Why Ethereum?
17:50 Why did Tesla piss off the crypto audience?
20:30 Long Bitcoin, short Tesla?
21:56 Will other automakers start accepting Bitcoin?
24:31 Sponsor: Voyager
25:26 Sponsor: Mina
26:40 Sponsor: Matcha
27:27 Will banks follow Tesla?
29:05 What will happen with gold?
31:20 Bitcoin to overcome gold in market cap
32:05 $1,000,000 Bitcoin
33:40 What will happen to GBTC when ETFs are approved?
35:38 On Coinbase stock
39:40 On intrinsic value
42:40 Deflationary economy and the role of technology
46:55 Are derivatives a real threat to Bitcoin?
52:00 Biden & taxes
54:25 The plumber & Doge story
56:55 On inevitable market flush
59:32 How to reach out to Mike McGlone

The episode aired on May 4, 2021.