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Altcoins, and also Ethereum specifically, are "simply outright rip-offs" and also will must ultimately cease to exist, said Max Keiser, host of the Keiser Report and also co-hot of The Orange Pill Podcast.
Talking With Michelle Makori, editor-in-chief of Kitco Information, Keiser kept in mind that altcoins, or anything aside from Bitcoin, are not lasting by nature, neither do they have the qualities that Bitcoin does that makes it audio money: shortage, anti-fragility, decentralization, as well as the capacity to not be "pumped and also dumped" through a pre-mine.
Adhere To Michelle Makori on Twitter: @MichelleMakori ()
Adhere To Kitco News on Twitter: @KitcoNewsNOW ()
Adhere To Max Keiser on Twitter: @maxkeiser ()
0:00 – Bitcoin's power usage
6:28 – Bitcoin's greatest existential threat
9:48 – Bitcoin's innovation
16:30 – DeFi vs Bitcoin
20:00 – Crypto laws
26:00 – Bitcoin ETF
29:36 – Gold
#Bitcoin #MaxKeiser #Ethereum
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Keiser: Ethereum is ‘pyramid scheme’, scam DeFi will blow up, only Bitcoin will be left - Pt. (2/2)
Watch part 1 of the interview: https://youtu.be/6SDaueBJk0I
Altcoins, and Ethereum in particular, are “just outright scams” and will should eventually cease to exist, said Max Keiser, host of the Keiser Report and co-hot of The Orange Pill Podcast.
Speaking to Michelle Makori, editor-in-chief of Kitco News, Keiser noted that altcoins, or anything other than Bitcoin, are not sustainable by nature, nor do they have the characteristics that Bitcoin does that makes it sound money: scarcity, anti-fragility, decentralization, and the ability to not be “pumped and dumped” through a pre-mine.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Max Keiser on Twitter: @maxkeiser (https://twitter.com/maxkeiser)
0:00 - Bitcoin's power consumption
6:28 - Bitcoin's biggest existential threat
9:48 - Bitcoin's technology
16:30 - DeFi vs Bitcoin
20:00 - Crypto regulations
26:00 - Bitcoin ETF
29:36 - Gold
#Bitcoin #MaxKeiser #Ethereum
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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