Peter Zeihan: This Is Why Bitcoin Will Go To Zero

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Peter Zeihan, the now famous analyst of geo politics has been vocal about crypto and Bitcoin in the past. He actually believes it serves no purpose at all. But in recent interviews, he has been more critical than ever. Now, make sure to stick until the end of this video, because as an intelligent investor, you always want to get the full picture even if it goes against your current belief, and the interview he did with Joe Rogan is shocking.

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So, which arrives at zero first? BTC or USD?

E_Clampus_Vitus
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Anyone who doesn’t agree that bitcoin will be worthless has all their money in bitcoin 😂

jamesorourke-
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Bitcoin is not straight forward and too expensive to use for most things, and there are better cryptos out there. New cryptos can be created at will, and barely any have anything tangible backing them - I'm not convinced yet

foxmoongaze
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"... it serves no purpose at all."

That is, clearly, untrue.

bobbobbington
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Ask Nigeria and El Salvador if it serves no purpose. I guarantee they disagree. Bitcoin has been outlawed in Nigeria, but it’s the most valuable asset there right now and the Nigerians are using it due to their turbulent economy. We won’t be paying no damn carbon taxes in the US. He said it was at 16k and going down even more, but the price has actually increased since this interview.

bamafan
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Bitcoin will go to 200k one day $$$ great long term hold btc and eth

JonCooper
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After the total fear mongering he did I lost trust in anything he said. Especially after the lack of understanding he said it will go negative and that clearly shows he doesn't understand or have any clear idea of what it is.

aceofhearts
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All though I still think the regular banking system is a ponzi scheme I always wondered why would Bitcoin be tolerated at all if it was a competitor to that system. So I have my doubts about Bitcoin too.

MrBedtime
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Totally ridiculous. This is the problem with the Dunning Krueger syndrome, where you get someone who is knowledgeable in one specific pinpoint of knowledge, and then thanks mistakenly that he can comment on a wide range of subjects for which he has no knowledge or expertise. Crypto.

CampDavidTraining
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I'm gonna put a little bit into bitcoin if it drops below 10K

azamarabear
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Never trust a guy with a manbun for financial advice

BTC
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Stick to demographics. Your understanding of Bitcoin and Fiat currencies is severely lacking. Love most of your work tho.

magnus_jaya
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At best, It's a non-performing asset similar to gold.

De-Centralized
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So blockchain and crypto is software...each project should be seen as a software company and the tokens/coins are the money that drives it so whats wrong with that?

Riddingwithvivian
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I don't know why people are buying gold because it serves no purpose and government holds a lot of gold. doesn't make sense as

cryptosummer
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You was right its going down to zero. Crashing more and more each day. Only a fool buys crypto.

JB.
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One year later.. Bitcoin is up from 20k to 45k

SpawnBootcamp
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I agree with him and so does Warren Buffett

jeffl
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“Some dude generates the coins…”… and this guy was a given a serious platform. 😑

jasonf
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Bitcoin isn't investing its just gambling. It's hilarious seeing so many lose their shirts swapping real money for pretend shit.

stephenm