Bitcoin Is a Brilliant Scam and I Can Prove It (Again)

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Kinda disappointing when you’re into bitcoin and looking to steelman and this dude drops another lame video of the same rehashed arguments we’ve been hearing since 2010. We’ve seen this asset tank a hundred times, only to go to new ATHs. You would think this dingus would be curious about this, because this isn’t how a Ponzi scheme or greater fool theory works.

This guy doesn’t even know what “decentralized” means in the context of bitcoin. I have to assume you’re just arguing in bad faith.

cryptos' value is correlated to 1 thing artificial demand basically ppl want it but there isn't a real purpose for it u can't use bitcoin for anything real its like an actual currency but invented by a person instead of an actual country with land laws etc… and its value can change from 2000 to 0 overnight if ppl simply lose interest in that specific coin and vast majority of them out loud say nah its worthless

LOL 2026 and people till tell you bitcoin is a scam. It have been 17 f.king years since bitcoin introduce and price peak more than $100k.

tell my any scam last longer than BTC and have more marketcap than it lol

I've seen this kind of video before, when it was at 15,000$ in 2022.

Wanna buy a raffle ticket?
Whats the prize?
The ticket!
pure genius

What about pax gold?

The comparison to VISA is a good one. Did you know that VISA/MC had a profit around $40B dollars in 2024 and again in 2025? We're paying $40B/year for the privilege of using that payment system! The business you buy from is usually eating 3% to pay that fee. How much are you paying the CEO of Bitcoin?

I mean, you have a point, but you're missing an important detail: The crypto industry has donated hundreds of millions of dollars to their own PACs to influence US elections and destroy every candidate who appears to be sceptical of crypto. The industry is on its way to be the biggest donor in the entire election. No candidate wants this monetary bazooka aimed at them. Our industry has your politicians by the balls. So yeah, you can decide if you want to be right or get rich. Your choice.

Bitcoin 21 mln max supply…tick-tock, next block…You are a scam !

Every time they give the value in $, I chuckle.

The most brilliant scam that I wish you'll talk about is the stock market.

Because what do you mean that the stock price of a company has nothing to do with how the company is actually performing in reality, and only has to do with the public sentiment of that company.

And how is it that your "investment" only goes up if other "investors" come before and buy to push the stock price higher. And again has nothing to do with the companies actual performance.

And how come dividends are not required to be given, and even when they are given they usually don't represent the equivalent percentage of your ownership of that company, if you own 2% of a company you should be getting 1.5-2% of the company's profits for the last month or 3 months (or whatever interval is used), NOT WHATEVER THE COMPANY FEELS LIKE GIVING YOU!

It's absolutely insane that such a thing exists, and the fact that's it's so easily manipulated by media companies and public personalities and speculation. And ofc wall street.

And then when you are done talk about how most other financial markets, that trade real tangible things like metals and commodities and oil and food crops and foreign exchange etc… Are ALSO AFFECTED by speculation and speculators.

Now do fiat

lol im up on btc and it will come back again

just like this other youtube that said that at 30k last time he look dumb today

My god, what did I just watch, you are the greatest fool that's for sure. Thanks for the buy signal btw

I'm not saying I don't have a little $BTCI in my "play portfolio," but I have always thought that cryptocurrency, including Bitcoin, was more speculative than gold and silver. Bitcoin, gold, and silver generate no revenue, no free cash flow, nothing. It is purely priced based in vibes. Unlike Bitcoin, which is ephemeral, gold and silver exist in reality. You can put your hands on it. You can use it in jewelry and industry. Gold and silver have intrinsic value. Bitcoin has no intrinsic value. It has no commercial or industrial use. At best, crypto bros are in search of using crypto as a solution to a problem that is better solved by traditional methods. If we ever have an EMP that wipes out the nations computers, gold and silver will still exist. Bitcoin will not. I believe traditional finance has more chance of surviving a massive power loss than cryptocurrency.

The USD is not a store of value because of inflation, up to 9-10% in recent years. If you mean hold it today and literally spend it tomorrow, yeah, maybe, but holding USD for months or years is going to erode away to inflation.

Bitcoin is not a transaction currency, agreed
Not a store of value, agreed, because it's the greatest asset known to man that was accessible to anyone since the beginning, not like a startup where it had limited pools of access to the richest. Had you bought or mined it at the inception, you did not need to do anything else but hold it. And to this day we can observe cycle tops and bottoms which are respected by the market. Does this make this asset useful? Certainly not. Is it the alternative asset out there is is still not controlled by any party in the world? Yes. That is probably the most powerful concept that bitcoin can still stand on, that in the current shitshow of a world we live in, rely on. I don't want to brand Bitcoin as something it's not, but at this stage you have to give it recognition for the asset class that it is, a trustless system to prove digital ownership on whatever intangible items are and that you can keep it going simply by making miners keep the system online. It is rare for people to organize themselves to come together for a certain cause. It is even rarer when everyone is split apart with different currencies, countries and systems come together to unify something like this.

What was even the point of this video… 50% corrections are normal. In the past month during this time of geopolitical uncertainty, it’s out performing every risk asset including S&P, Gold & Silver. You sound like you were birthed by Peter Schiff 😂😂😂

Also having a ‘told you’ so video done when all major risk assets are down is pathetic 😂… I’ll be back to ask your thoughts when’s even higher 126k just like when it was $69k and 20k before that.