‘BITCOIN HAS FAILED,’ THE 2022 EDITION

This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.”

It’s October 2022. Bitcoin is once again below $20,000.

R.I.P. bitcoin. You have finally died. You’ve lost your luster. The Ponzi has ended. The show is over. It’s time to go home.

Next stop, $10,000, then $1,000 and then $0.

In this essay, I will be channeling my inner Nassim Taleb, Frances Coppola, Jim Cramer, Peter Schiff and Paul Krugman to prove that this time, bitcoin has well and truly failed!

BITCOIN HAS NO HARD CAP, YOU CAN DIVIDE IT!
Let’s begin by exploring the big-brained idea of “inflation via divisibility,” proposed by the incredible Coppola. Her theory may be how we solve world hunger and actually feed everybody with a single pizza because “subdivision eliminates scarcity.”

It’s truly extraordinary stuff.

Fan clubs of hers have begun to spring up in chartered financial analyst (CFA) circles all around the world. See Dick below:

Dennis Dick Tweet
Then there’s Paul Krugman. One of the greatest of the greats, faxed the world his opinion, after having been on the wrong side of history (again). I think this time he’s right. Bitcoin has failed.

According to the experts, if you can divide things down, you can actually create more of them!

Lord Keynes himself could never have imagined such wonders.

Jeez. Bitcoiners are such ignorant morons. They have no idea!

It’s over for retail. There are no more people on the planet who need sound money and savings that won’t melt like ice...

Back to the U.S. dollar we go:

 

Fiat geniuses and Nobel Prize winners such as Krugman are known for their incredible predictions, whether it comes to the impact of the internet, or more recently, Bitcoin.

Krugman has been warning us all for years now of the peril of being involved in Bitcoin. Have you been listening?

Young Liron Shapira below sure has been: