The falling Bitcoin

Hey there, it's Kim, of course. Right after today's Daily Tech Update, I'm gonna have a special surprise for you. It's a clip from my other podcast. It's called The Current. It's packed with great tech news that you expect, just a little bit more relaxed. I think you're really gonna love it. Just think of it as your tech coffee break. Warren Buffett predicted this back in 2008, shortly after the arrival of Bitcoin. Popular financial commentator, Peter Schiff, who predicted the housing bubble crisis that nearly brought down the global economy has been saying the same for years. The intrinsic value of Bitcoin is zero, and close to that may be where it's headed now. I'm Kim Commando for NetSuite. AI is here, and companies using it are ahead. If your revenue exceeds seven figures, get their free guide, Demystifying AI, at netsuite.com. Okay, to be clear, the phrase intrinsic value means the value of something that exists because of that thing's own properties, not because of hype, fashion or speculation. There's no question. Bitcoin's intrinsic value is zero. Its peak value reached $125,000 last October. Today, it's about $65,000 and falling. Compared to its peak, it has fallen by nearly half. Meanwhile, gold is soaring. Bitcoin can fall to zero. Gold simply cannot. Get my newsletter at GetKim.com. You don't want to miss this. I'm going to play a bite-sized sample of The Current. It's my other podcast where we dive into all things tech, trends and life online I think you really going to love it At Betway Casino stake 10 pounds and get 150 free spins for new customers 18 plus T's and C's apply. Bet the responsible way. GambleAware.org. In the current newsletter, I did a whole report about the stuff that you have laying around and how much it's worth. Old tech. Like, Apple killed the iPod in 2022. Okay. which I would have guessed way sooner to be honest with you. Yeah, I know. The first gen iPod classic. The original, the original one. How much do you think that sells for? I mean, you're bringing it up. So it's gotta be high. I'm going to say $4,000. Well, a thousand dollars if it's used $29,000. You know, I had one around here in a box and it vanished. Why? I think somebody stole it. No, not wide an advantage why would you have one in a box i was gonna put one on the shelf when we were building out the whole studio okay and then i i remember tossing into a storage closet and i went looking for it years ago and it's gone did you buy it for the collector's side of it no i just i had i bought too many oh and so i just had it still sealed in a box uh let's see a first generation iphone that is used scratched from 2007 i bet you there's a lot of those still hanging around especially if it used in scratch I going to say then Okay Okay What if it sealed What do people do with them What if you just bought an iPhone and you had it in a box Who This is what I want to know. Who says, because at the time, they were ridiculously expensive. You had to buy like seven years worth of AT&T. We were only at AT&T. Yes. And you had to get like three year contract. You had to give up your first born. Who goes, yeah, yeah, give me one of those. And then just puts it in a drawer and never opens it. somebody who is going to make 200 grand right now all right 200 000 yes uh old nintendo cartridges oh those can i mean the rarity there's a whole documentary about that guy searching for the et games that's right it's a phenomenal documentary if you want to see it in new mexico so i'm going to say they can range anywhere from 100 to 10 000 uh stadium events yeah i don't know anything about that up to $35,000 and you can get those graded as well there's there's companies that not only grade old video games but they'll grade vhs cassettes like that's a big trendy thing right now is to send your vhs for quality i don't know if it has to be inbox or whatever but they grade it they encase it and send it back to you there's a website called price charting.com okay where you can type in what you have and tell you what it's worth uh just a couple more things is it only text tech on the price charting? Yes, mostly tech stuff. A Sony Walkman. Oh, that's a throwback. I wouldn't say very much. I going to say to Okay The original Game Boy That video game collectors are weird Up to Yeah, okay. A Tamagotchi. Especially if someone's had one for years and then it breaks, I bet you they'd be willing to pay up to $500 for one. Let me say $300. Okay. Finally, vintage Polaroid cameras. Gosh, I threw one of those away. But they still make those. Yes. but these are the old ones oh say a thousand bucks 300 bucks okay yeah i can't believe i don't have any of these things me neither i throw away except for hard drives i throw away everything what do you do with the hard drives just put them in a box in the garage why don't you just like smash them so don't trust it no no especially like when my dad passed away he had so many hard drives in his house and like when i was cleaning out his house i was cursing his i was yelling at him from beyond. I was so mad. I was going to have to hold on to these hard drives forever because all of his personal information was in there. And I guess, you know, you can't ruin your credit after you've passed, but I still didn't want it out there. So I just have him sit in a box. Okay. You were going to like put them in a USB cartridge drive? No, I'm waiting for the service where you put them in a capsule and it shoots them in it out of the place. That would be it. That's coming in a couple of years. Hey, if you love staying tech ahead, then you're going to love, love, love. I'm talking about my free newsletter called The Current. Join almost a million folks who get it every single day. It's quick, smart, and only takes five minutes a day. Yes, sign up right now at GetKim.com. That's GetKim.com.