- Bitcoin will probably never go down to $0.00… too many billions and trillions of dollars now invested into it, especially with the new Bitcoin ETF
- There is already and has already been a bunch of Bitcoin ATM’s out there — for example one of my workshop students Jackson — OG founder of the Bitcoin ATM in Vancouver
Eric Kim has shared a range of thoughts and perspectives on Bitcoin and cryptocurrency. He finds the technology fascinating, new, and unorthodox, with a potential for a bright future. His approach to investment is cautious; he suggests being prepared for the possibility of investments going to zero, yet he remains optimistic about the long-term potential of crypto.
Kim appreciates Bitcoin for its simplicity and its ability to stand out due to its orange icon. He advocates for a focused approach in investments, comparing it to having one type of camera or car. Long-term thinking is central to his philosophy; he envisions a world where Bitcoin is used for significant transactions like buying homes or hiring services. Despite his bullish stance, he recognizes the influence of traditional payment systems and is skeptical about cryptocurrencies completely replacing them soon. However, he sees a potential future where Bitcoin could become a standard currency, surpassing traditional currencies like the US dollar.
Kim’s perspective is shaped by his experiences as an investor, his observations of societal and economic trends, and his belief in Bitcoin’s long-term potential as a leading digital currency. He emphasizes the importance of peace of mind and a focused lifestyle, reflecting on the broader implications of wealth and cryptocurrency oai_citation:1,ERIC KIM BITCOIN QUOTES – ERIC KIM oai_citation:2,The Philosophy of Bitcoin – ERIC KIM oai_citation:3,Why I’m So Bullish on Bitcoin – ERIC KIM.
Eric Kim has shared various insights on why he supports and invests in Bitcoin. He considers Bitcoin not really “worth anything” in the traditional sense but sees value in the technology and the trust people place in it. He finds practical utility in cryptocurrencies, especially with tools like the Coinbase Visa debit card that allow for easy transactions and conversions to traditional currencies. Kim also reflects on the long-term potential of cryptocurrencies, pondering the future value of investments made today.
In his view, Bitcoin stands out among other cryptocurrencies. He appreciates its simplicity and the ease of focusing on a single cryptocurrency. Kim holds a long-term perspective on Bitcoin, considering its value for future generations and its potential to be used in significant transactions like buying homes or cars. He is skeptical about cryptocurrencies completely replacing traditional payment methods but envisions a future where Bitcoin is used more extensively in various services and transactions.
Kim also questions the practice of pegging Bitcoin’s value to the US dollar, speculating on the decline of the dollar’s hegemony and suggesting Bitcoin could become a standard currency in the future. Despite his bullish stance on Bitcoin, he recognizes the strong influence of traditional payment systems like credit cards. Kim’s investment philosophy is straightforward, emphasizing the simplicity of Bitcoin and its potential as a leading digital currency oai_citation:1,Why Bitcoin? – ERIC KIM oai_citation:2,Bitcoin will never go to zero – ERIC KIM oai_citation:3,Why I Bought More Bitcoin (Again) – ERIC KIM.