Best point and shoot camera for video?

Hi i'm looking for a camera for shooting youtube videos. I was looking at point and and shoot canon caz alot of youtubers use those. But i dnt want to spend over 160$ caz i just spent all my money on an iphone 5s. And i was looking at the canon 330 hs. But my friend said my iphone takes better video than it so it would be a waste buying it. So what camera do you think i should get. Point and and shoot…

Since it is for youtube, I recommend Canon PowerShot SX260.

http://www.amazon.com/...0075SUK14/

New one is $200 but used ones are as low as $120.It has 12 mega pixel and many youtubers use it for their videos.

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