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Elon Remix: Diamond Droogs & Human Wallets (with Aja Raden)
Prevail with Greg Olear
Is Bitcoin Really a Ponzi Scheme?
There are like 12 people approximately who own like 90% of the Bitcoin on earth. And it's only worth anything because you bought $500 worth. That's how a pyramid scheme works. Everybody at the bottom keeps throwing their money onto the pyre and it trickles upward to the people at the top to inflate the value of what they have. Even if you could spend it as Americans, we don't want to destabilize the dollar. that's how you end up Venezuela. There are also national security implications. I mean, look at what we just did. This is an interesting period in history that people are gonna study, like dropping a nuclear bomb.
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