About this episode
What happens when an economist who predicted the 2008 financial crisis says Bitcoin is a Ponzi scheme? In a recent interview, Australian economist Steve Keen made several strong claims about Bitcoin — arguing that it has no intrinsic value, wastes energy, is mainly used for criminals, and could even be heading to zero.But do these arguments actually hold up?In this episode, we break down Steve Keen’s criticisms one by one and explore the bigger questions around Bitcoin, wealth, and investing. Along the way we discuss common misconceptions about Bitcoin, why many people still confuse Bitcoin with the wider crypto market, and what these debates reveal about the modern financial system.You’ll learn why people keep calling Bitcoin a Ponzi scheme and whether that claim actually makes sense, the key differences between Bitcoin and the wider crypto market, how Bitcoin’s energy use and mining relate to its value, and why critics often link Bitcoin to crime and the dark web. We also explore what debates like this reveal about money printing, inflation, and long-term wealth building. Listen to this episode to hear Steve Keen’s arguments against Bitcoin — and the breakdown of what they mean for wealth, investing, and the future of money. I’m giving away a MicroSeed seed phrase stamping device to one listener!To enter, just leave a review on Apple Podcasts or Spotify and I will pick a winner in 2 weeks time! Get intouch with Myles at mylesdhillon@gmail.com - I am always happy to chat and help listeners. Hit follow, so you never miss the latest insights on money, finance, invest and build wealth - plus clear guidance on cryptocurrency, Bitcoin, and Bit Coin for today’s serious investors.
