--- title: 'Bitcoin: Scam or Revolution? The Full Truth About Money, Power, and the Future' source: 'https://youtube.com/watch?v=P3CrptjPDJE' video_id: 'P3CrptjPDJE' date: 2026-08-05 duration_sec: 973 --- # Bitcoin: Scam or Revolution? The Full Truth About Money, Power, and the Future > Source: [Bitcoin: Scam or Revolution? The Full Truth About Money, Power, and the Future](https://youtube.com/watch?v=P3CrptjPDJE) ## Summary This video explores the concept of money, the history of the barter system, and the emergence of cryptocurrency, particularly Bitcoin. It explains how Bitcoin works, its limited supply, and its potential as an investment, while also addressing risks and how to start investing. ### Key Points - **Introduction to Cryptocurrency** [00:02] — The video introduces cryptocurrency, with Bitcoin as the most famous example, as money that is not controlled by banks or governments and whose value can fluctuate dramatically. - **Evolution from Barter to Money** [00:28] — Money evolved from the barter system, which had the problem of double coincidence of wants. Money solved this by providing a common medium of exchange, leading to the concept of markets. - **Forms of Money** [03:30] — Money exists in three forms: cash, digital currency (like UPI), and cryptocurrency. Cryptocurrency is a digital form of money that operates without a central authority. - **Origin of Bitcoin** [04:36] — Bitcoin was created in 2008 by Satoshi Nakamoto in response to the financial crisis, where banks collapsed and people lost trust in the system. It was designed to be a decentralized currency. - **How Bitcoin Works** [06:34] — Bitcoin is not a physical coin but a code that operates on blockchain technology. Transactions are direct between parties without a third party, making them difficult to track. - **Limited Supply** [07:42] — Bitcoin's supply is capped at 21 million, making it scarce. As demand increases, the price rises due to supply-demand dynamics. - **Historical Returns** [10:23] — If someone had bought Bitcoin for ₹5-10 in 2010, it would be worth over ₹1 crore by 2025, illustrating massive returns over 15 years. - **Is Bitcoin a Scam?** [11:23] — Bitcoin itself is not a scam, but people can be scammed through hacking and cyber attacks. The risk is similar to theft of cash or bank robbery, but in the digital realm. - **Risk and Volatility** [13:14] — Bitcoin is highly volatile, with daily fluctuations of 5-8% and historical corrections of 60-70% in a year. However, volatility is decreasing over time, which may reduce returns. - **Investment Strategy** [14:46] — For risk-averse investors, SIP (Systematic Investment Plan) is recommended over one-time investments. Weekly or monthly SIPs can mitigate risk. For risk-seekers, one-time investments during market corrections may be suitable. ### Conclusion Bitcoin offers significant potential for high returns but comes with high risk and volatility. It is not a scam, but investors must be cautious of cyber threats and consider their risk tolerance before investing. ## Transcript such a money which does not need to be kept in the bank or the bank cannot control it, the government cannot control it and its value can go anywhere overnight. how about ? Friends, there is such money, its name is crypto currency or the most famous name is Bitcoin. So Bitcoin comes under crypto currency only. Today we will talk about it in great detail. We will talk a lot about its beginning and also about its future. So stay tuned till the end of the entire video. Let's start. So first of all let's start with what is money? The money that we have today, it did not come overnight. There is a big story behind this too. Before money, whenever we had to buy something or needed something that we did not have, get it through the barter system. Okay, right ? Barter system: Used to take through barter system. The problem with the barter system was that we used to problem with the barter system was that we used to give one item to a person and take another item from him. That means there was an exchange. A is giving to B and B is giving to A. Now there was a problem here. The problem was that if A had wheat, suppose A had wheat and B had rice. Isn't it ? Both of them have sufficient stock of wheat with A and sufficient stock of rice with B. What does A want now? A wants rice because want? B wants wheat because B does not have wheat. So what will they do? We will exchange it among ourselves. You have understood this very well. But if A has sufficient stock of wheat and B has stock of rice. But A needs rice. But what does B want? B wants lentils. What does B want? B wants lentils. Now you tell me how can this exchange happen ? Because this is an exchange between two people and this can happen only if both of them have the things as per their needs. So there was a big problem in the bar system. Then the concept of money comes out that friend, how to remove the little technicality in the system this time these things went away. Now what happens with money is that you have money. Now this was with Money A that you have money. Now this was with Money A and this was also with Money B. Now, whether the ₹100 note is with us, you or someone else, it remains the same. Its value also remains the same. So ₹100 is money. Now suppose A has ₹100 and B also has it. Now if A needs wheat also has it. Now if A needs wheat , then suppose wheat is ₹30 per kg. Isn't it , then suppose wheat is ₹30 per kg. Isn't it ? ₹30 per kg. And rice is also ₹30 per kg. Let's assume whatever the prevailing rate is. This is also available for ₹30 per kg. This is also available for ₹30 per kg. Now it This is also available for ₹30 per kg. This is also available for ₹30 per kg. Now it is a simple thing brother. If he wants pulses, he will pay for them. Suppose pulses are ₹100 per kg. He takes out ₹100 and gives it to me. He gets the pulses and pays ₹30. He gets wheat. So here the technical problem was that both of them had the same equipment, then the system used to work. But here if you have money then you can buy it. That is why as soon as the concept of money comes, the concept of market also comes there. The in the market you will find all the things available. If you need anything in the market, you can go to the market and buy and sell those things easily. So you will see how easy these things became after the arrival of money. Now whenever we talk about money, keep some whenever we talk about money, keep some things in mind here. Firstly, you have cash. You have cash in money which is what most people like. Because when we keep money, we feel it. So we have cash. Second, nowadays So we have cash. Second, nowadays concept of digital currency has grown very rapidly. The concept of digital currency has grown very rapidly. Like you can say, you can see many UPIs in UPI, can see many UPIs in UPI, BHIM UPI etc. etc. You have seen e- wallet, you have seen the concept of e-wallet. This is how you will see that the online trend has increased rapidly. Digital currency has grown very rapidly. In this you will also get a third medium of In this you will also get a third medium of crypto currency. money. This crypto currency is also a form of money. There is no one-size-fits-all coin. Isn't it ? This is not a coin. There is no currency. It is completely digital. But this also does the same work as your normal cash does here. Now the problem is that if we had so many means, all these means of transaction were already there. So why did we need to introduce a new crypto currency? So there a new crypto currency? So there is a story behind this too in 2008. There was a is a story behind this too in 2008. There was a crisis in 2008. There was a crisis and due to this crisis banks started collapsing. People's money started sinking. I was starting to drown. And the government, it was trying to save the bank, that is, the bank. Now people are worried that our money is sinking. The government is also trying to save the banks. Who will take the liability for our money? So there was a guy here whose name was Satoshi Naga Moto. In 2008, there was a guy named Satoshi Nagamoto. Now we can say that there might have been one person or a whole group of them. He felt that this was going very wrong. Isn't it? People are losing their money and no one is supporting them. Even the government is not supporting them. So how will this work? The bank is also washing its hands off the matter. how will this work? So he said let's do this. Let's invent something that will relieve us from all these problems. So from here the concept of crypto currency comes to their mind. Isn't it ? The concept of crypto currency comes from here where they created Bitcoin. Bitcoin is available. So Bitcoin came into the market after the 2008 crisis and after its arrival, the price of Bitcoin might not have been very high at that time. I think the price would have been around ₹1. So it was a new instrument at that time. It was a new currency so it was not easy to trust it. Isn't it? It was not so easy to trust people. So at that time people did not take it very seriously. But those who understood the opportunity of that time at the initial stage, those who understood that this is something new, let's take a risk in it, they You will understand more things. Now let us understand a little about Bitcoin. Basically, Bitcoin is not a coin. not a coin. As I said, there are no coins. No, this is not cash. There is no currency. There is no coin. This is a code. What happens? There is code. Now there is a code brother. How does this work? Isn't it? So there is a code that works in the blockchain. There is a code called a block which works on blockchain technology. Isn't it? Works on blockchain technology. There is a code that you use digitally. You can do transactions digitally. Isn't it ? No third party is involved in this. There is ? No third party is involved in this. There is You are sending this directly, the person to whom you are sending it is involved, you are involved, then you made the transaction, he received the money, so it is simple, no third person is involved in this, so it is not that easy to track it, now what is that thing which makes it the most special, its supply is its supply is limited, this is what makes it special, that is, maximum you can produce only 21 million, 21 million. That means 21 million bitcoins can be created. Ca n't make more than this. So if 21 million Bitcoins are created, let's say that's the supply. So if this much Bitcoin is created then no more than this can be created. So, as people in the market increase and awareness increases, the demand will increase. So no matter how much the demand increases, it will remain at this 21 million. Isn't it? Whatever the demand will be, it will be 21 million because the supply is not being created. So if you have read the concept of supply and demand, then you must have understood one thing that if the supply of something is not increasing. If the supply is constant. If supply is constant and demand is continuously increasing. The demand is continuously increasing, so you will see that its prices will start increasing. They will start growing. It will continue to grow like this. This is a big reason behind it that if you see when Bitcoin started, even in Rupees I think it must have been around ₹10 but slowly slowly the price of one Bitcoin has gone up to CR, it has gone up to more than 1 crore, it probably went close to 1 crore 12 lakh maximum, now it has again gone down, it must still be ? Once you see the real time data. So there is limited supply. And whenever the supply of something is limited and the demand is very prices start rising. So if you look at the price of Bitcoin in the future, it will be more right. Suppose you have to make a Bitcoin transaction. If you want to make a Bitcoin transaction, it will not go through any bank. Isn't it ? It will not go through any bank. You know there is no mediator. So, one is you and the person to whom you are sending is the receiver. Isn't it? It involves two people and works through blockchain. Now the blockchain that is registered, suppose you sent it, then it has to be given access from here. You have to accept it. So it accept it. So it this Bitcoin gets very simple system through which it can be credited from here and sent from here. So this is the simple formula. In this, basically you will send it from here and when it is received there, then when it is received, it is received in crypto currency i.e. Bitcoin only. Now I want to tell you one more thing. For example, suppose Bitcoin was created in 2008. If you had bought it not in 2008 but by 2010, if you had felt at that time that yes, it has potential, you would have bought it, then you would have bought it for around ₹5 or ₹10 and if you had bought it for ₹10, then today one Bitcoin, that is, one Bitcoin was for ₹5 to ₹10 and if you talk about 2000 25, ₹10 and if you talk about 2000 25, then approximately one Bitcoin would have made you then approximately one Bitcoin would have made you almost more than 1 CR, more than 1 CR. That means, if you had invested ₹5 to ₹10 at that time, you would have had one Bitcoin, then today, from 2008 to 2025, let us assume that 157 approx, if we start from 2010, then in 15 years you will see that you would have made ₹1 crore from ₹ 5 to ₹10. Now suppose 5 to ₹10. Now suppose if people had invested even ₹2000 at that time, then what would have happened today, what would have been their charm, so you can understand that many people who had millionaires today, the next point comes that if Bitcoin is so special, then can we trust it, can we trust it for the future or is it something like a scam, can we trust it for the future or is it something like a scam, can we so friends, it completely depends on the technology and scam Bitcoin is not a scam. Isn't it? Bitcoin or cryptocurrency is not a scam. People get scammed. Now the problem is that suppose now it operates completely digitally. Now if someone hacks it. Isn't it? If someone hacks it, it gets stolen. Like recently there was a theft in Coin DCX. A huge theft had taken place. So he stole a lot of their crypto currencies. Okay, right? By hacking. So this is a problem that if there is a cyber attack or if you get hacked, then it can cause you loss. Otherwise, if you have Bitcoin then it is legal. Isn't it? You can use that. Its price will also increase in the future. You will also get its benefit. So there is no scam. Yes. If scammers hack into your computer and gain access, they can steal. For example, suppose you have cash. You are keeping cash in your house and a thief comes, breaks the lock and takes away all your cash. Or you have deposited money in the bank , someone breaks the safe, someone robs the bank and breaks the safe and takes away your money. So all those things like you see in normal life. All those things can happen here too. What happens here is a cyber attack. That means a person comes, hacks your wallet and goes away after robbing it. So these things happen. But many companies also provide you insurance for your money if it is yours. So to a great extent we can say that it remains safe. So last but not least, we will do one thing which is very useful for you. So if you want to start your journey in this, then how will you have to start the journey? You have to pay attention to this thing. Let me tell you one thing, you have seen the returns of Bitcoin, you have seen the returns and the risks. Looked at the returns and looked at the risks. If we look at it, the risk is very high. risk is very high. And the returns are even greater. The higher the risk, the higher the returns. In which case is the risk higher? higher the returns. In which case is the risk higher? Because it is very volatile. It is very volatile. There is a lot of volatility. If you see today, it has gone up by lot of volatility. If you see today, it has gone up by 5%. If you look tomorrow, it has gone down by 8%. Isn't it 5%. If you look tomorrow, it has gone down by 8%. Isn't it ? This 5%, 8% down and up movement of such big coins shows that there is a lot of volatility here. But if we look at the scenario before today, like we are talking about 2025. If we talk about 5-6 years before 2025, then this volatility used to be even more. There used to be a this volatility used to be even more. There used to be a correction of up to 60% to 70% in a year. very volatile. But now the volatility is gradually decreasing. And one thing you have to keep in mind is that when the risk is low in any market, the returns are low. When volatility is high, volatility decreases, returns also gradually start decreasing. So if we look at its case, the volatility has reduced a bit compared to before. So your risk has reduced a little and hence your returns will also be a little less. So overall there is still a lot of potential. The stock market cannot generate as much returns as crypto currency does. So the next question is that Sir, if we want to invest money in this, should ? It should be invested one time or through SIP. So friends, if you feel that you cannot take too much risk. If your money is lost, it will make a huge difference to you. So you should never make such one-time investments. Isn't it ? You should only do SIP. You can apply every month, every week. Even you will see that there is an option to invest money in crypto currency every week. So you can invest ₹1 to ₹200 every week. You can plant whatever you can. Your money will be deducted every week. So every week the money will be deducted according to the market conditions. So this is much better. From the perspective of crypto currency, you will see the best opportunity. If we talk about one time, then if you lose some money then it will not make much difference to you. So you can take more risk. If you are a risk seeker, you can do it one time also. But when the crypto market is in correction, it will be better if you do it at that time. Ok? So one thing you have to keep in mind here is that if you want to earn better returns then there is potential in this market. From a future perspective, it can generate better returns for you. Now you want to invest, is a platform? So I will give the link in the description of the video. From there you will easily find one or two platforms. You will find the coin switch. Coincx will be available. You can invest in whatever you are comfortable with, you can do SIP, you can do daily SIP, right? Weekly SIP, you will get it best on PointEx, you understood many things about Bitcoin, about crypto currency, I hope you liked the video. If you liked the video, please like and share it. please like and share it. Jai