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Why Bitcoin will ‘death spiral’ to $0 and Fed Chair Powell is ‘delusional’ – Steve Hanke

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It's just a matter of time prior to Bitcoin "death spirals" down to its real intrinsic value, which is $0, stated Steve Hanke, teacher of used business economics at Johns Hopkins College.

0:00 – Bitcoin's essential worth
10:22 – The "ideal" cryptocurrency
14:02 – Federal Reserve's rising cost of living overview
19:51 – Canadian CPI revision
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Why Bitcoin will ‘death spiral’ to $0 and Fed Chair Powell is ‘delusional’ - Steve Hanke

It's only a matter of time before Bitcoin "death spirals" down to its true intrinsic value, which is $0, said Steve Hanke, professor of applied economics at Johns Hopkins University.

0:00 - Bitcoin's fundamental value
10:22 - The "ideal" cryptocurrency
14:02 - Federal Reserve's inflation outlook
19:51 - Canadian CPI revision
__________________________________________________________________
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.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.