![]() The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. ![]() The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. He contradicted his statements when Rogan asked to clarify that since BTC supply is capped, “the only thing that can happen is Bitcoin becomes more expensive,” to which Zeihan replied, “right!” Although Zeihan sounded confident, ultimately the author was just very confused. in 1913.Īngering a crowd for attention is not a new PR stunt, perhaps Zeihan was pursuing just that when he made erroneous statements about Bitcoin. Other notable crypto sphere figures like podcaster Peter McCormack and Swan Private managing director Alex Stanczyk.Ĭontrary to Zeihan’s claims, deflationary currencies have a proven capability of promoting the lowering of prices over time. He punctuated each listed error with a red ‘X’. #Bitcoin and #crypto are interchangeable. Scarce money limits human productivity and economic expansion.ģ. To be valid, money must be created and controlled by a central authority.Ģ. Despite his support of crypto, Rogan listened attentively as Zeihan went on to due to Bitcoin’s supply being capped at 21 million coins, “it cannot be used for trade”.įounder of Vailshire Capital Management hedge fund, Jeff Ross, summarized the critical errors in Zeihan’s statement.ġ. ![]() Joe Rogan, host of the eponymous Joe Rogan Experience, has voiced interest in Bitcoin since 2014. Most notably was Zeihan’s belief that BTC has “no intrinsic value”, a narrative perpetuated by the likes of the Central Bank of India, an avid crypto critic. And he managed to pack in a lot of misconceptions. Of the 2 hour long podcast, geopolitical strategist and author Peter Zeihan spent less than 2 minutes discussing Bitcoin. Peter Zeihan says Bitcoin at $16,000 has another $17,000 to go, implying the cryptocurrency’s lack of value. ![]()
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