
Gold vs Bitcoin Debate Reaction, Weiner vs Rochard - Daily Live 28 May 23 | E347
Bitcoin & Markets
00:00
The Prodigal Son of Bitcoin
In Bitcoin, there is no creative or productive thing generated by Bitcoin. The only way that anybody makes any money is by selling their Bitcoin to fresh new money coming in. So I buy Bitcoin, I give my money away to this gentleman here. My money's gone. I don't get my money back. That's not a return of my capital. It's this gentleman giving me his capital, which converts to my income to be consumed. He's hoping that it's going to go up. Eventually, if you wait long enough, the price does go up. Maybe we'll see this time, may or may not be different.
Transcript
Play full episode