Is Bitcoin a Scam? Peter Zeihan Tells All

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In this clip from Danger Close Podcast, Peter Zeihan discusses if bitcoin is a scam.

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This guy just keeps getting worse and worse, especially on tech.

bretling
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We need to create reverse zeihan etf. Like reverse Cramer. Do the opposite of what Peter says and you will get rich.

komuharikomushisi
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Pyramid scheme? Who benefits from this scheme? Bitcoin has no CEOs, VC investors, corporations, insiders . Is he wrong about everything?

lennyrashkovsky
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This comes from a guy who predicted that the price BTC would go negative a couple of years ago... It's up 4x since then.

channel
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“Not all Bitcoin?” There is only one Bitcoin. How can you opine on something that you don’t understand?

alexanderizaguirre
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clearly not many people truly understand BTC. He says that there are different types of Bitcoin???? That's false. Clearly he doesn't know what he's talking about, and yet, he talks as if he was an authority. For anyone who wants to understand BTC watch Michael Sailor, or Jack Mallers, or Anthony Pompliano among others....

elasticorchestra
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This guy has no idea what he’s talking about. 90% of the world doesn’t even have the dollar and they are printing endlessly

neilarango
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I'm listening to this while sitting in my new jeep that I bought with bitcoin so it's kind of ironic. I get what he's saying, but too many people write it off as completely fake without doing any research.

RenegadeNomad
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This is probably the best example of the Dunning Kruger effect I've ever seen.

markjeppo
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Where did Zeihan pop out of from? What makes him the authority on anything?

ericp
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Crypto as a currency is great. As an investment, pyramid scam.

machinesandthings
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And I thought Schiff was the dumbest Peter in the bitcoin space! 😂

NoahFence
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What is the “intrinsic value” of the infinitely inflatable pieces of paper in your wallet, Peter?

Coover
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I guess I’m the guy that had the VCR that would flash 12 that didn’t know how to change the clock. Good luck to all those in the future.

onevoice
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I still think the reason we don't really know who created Bitcoin is that it was created by one of the state intelligence agencies. Maybe the US, maybe China, maybe someone else. And, if that's true, you then have to ask, why would they create something like Bitcoin?

ralphholiman
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Not all bitcoin is fraud.... what does that even mean? He dont know what he talks about.

torenilsen
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Haha. It is mind blowing how experts can be so ignorant. It's wild. In max a decade btc will have replaced gold as the primary hard money store of value. And it will flip gold's marketcap.

gkbhai
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His views on geopolitics are just as skewed. 😂

gbrown
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VHS became the popular video recording media because Sony would not license Betamax format to the porn industry.

brotherofiam
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I believe in his confident way of saying things. 😂

fftt