These arguments have been thrown at Bitcoin since the beginning. The author is being dishonest to begin with in reference to Thiel. Thiel was making the point, that the US Treasury should be BUYING BITCOIN, because China may be doing it already.
Thiel IS PRO BITCOIN. (see the video on his thoughts)
Bitcoin is a threat to ALL FIAT, but t…
These arguments have been thrown at Bitcoin since the beginning. The author is being dishonest to begin with in reference to Thiel. Thiel was making the point, that the US Treasury should be BUYING BITCOIN, because China may be doing it already.
Thiel IS PRO BITCOIN. (see the video on his thoughts)
Bitcoin is a threat to ALL FIAT, but the Dollar is the world's reserve currency, so it has the most to lose. Thiel also said the EURO was China's hope to take down the dollar, so it is not limited to Bitcoin. Theil is warning the USA that China, Russia and others are embracing crypto. THe USA needs start moving or will be left in the cold.
Also, Bitcoin mining is now moving to using renewable energy, so the energy argument is weakening. Using excess methane from Oil patches for mining is more economical and climate positive, for example.
But most importantly Bitcoin is a decentralized network that is controlled by NO ONE. Bitcoin doesn't care if you believe in it. There will only be 21 million produced. It doesn't care if you buy it. Its supply, unlike the US Dollar is finite. And the Treasury is printing dollars out the gazoo, much like Venezuelan money printing.
Munger and Warren Buffet are in their 90s and will not live to see Bitcoin be "stopped" .. and neither will we.
These arguments have been thrown at Bitcoin since the beginning. The author is being dishonest to begin with in reference to Thiel. Thiel was making the point, that the US Treasury should be BUYING BITCOIN, because China may be doing it already.
Thiel IS PRO BITCOIN. (see the video on his thoughts)
Bitcoin is a threat to ALL FIAT, but the Dollar is the world's reserve currency, so it has the most to lose. Thiel also said the EURO was China's hope to take down the dollar, so it is not limited to Bitcoin. Theil is warning the USA that China, Russia and others are embracing crypto. THe USA needs start moving or will be left in the cold.
Also, Bitcoin mining is now moving to using renewable energy, so the energy argument is weakening. Using excess methane from Oil patches for mining is more economical and climate positive, for example.
But most importantly Bitcoin is a decentralized network that is controlled by NO ONE. Bitcoin doesn't care if you believe in it. There will only be 21 million produced. It doesn't care if you buy it. Its supply, unlike the US Dollar is finite. And the Treasury is printing dollars out the gazoo, much like Venezuelan money printing.
Munger and Warren Buffet are in their 90s and will not live to see Bitcoin be "stopped" .. and neither will we.