The headlines you're going to see emblazoned across the mainstream media when this scheme unravels will include, "Bitcoin BLOODBATH" and "Bitcoin Goes BUST." Every individual and website publisher that promoted Bitcoin is going to be named, discredited and possibly even indicted.
The people who are buying into Bitcoin right now are nothing more than sheep being led to slaughter. (Stay up to date on all this by reading BitRAPED.com.) When this Ponzi scheme collapses, who are they going to blame? People like Max Keiser, of course, plus other individuals who may even face arrest and prosecution for their involvement in this financial fraud scheme.
The Bitcoin delusion explained
If you listen to Bitcoin cultists today, they increasingly sound like delusional liberal snowflakes trying to explain transgenderism. Bitcoin, once started as a really cool innovation for decentralized currency, has now become a purely speculative mania market rooted in "tulip bulb" delusion. In the same way that transgenderism advocates now deny the existence of genetics and the laws of physical biology, Bitcoin cultists now believe the laws of economics and finance can be waived away through mere wishful thinking. (See my related article, "How to explain the Bitcoin bubble to young people.")
Listening to Bitcoin advocates trying to explain their delusion is become increasingly entertaining as the gobbledygook-to-signal ratio goes ballistic among Bitcoinerz who sound more and more like North Korean citizens explaining why Kim Jong-Un is their "dear leader." Max Keiser gets absolutely destroyed by Peter Schiff in this Nexus conference video, where even the host of the conference is so delusional that she literally says governments are attacking Bitcoin because gold is unsafe! (Around the 14 minute mark.) Max Keiser goes totally berserk around the 22-minute mark and gets destroyed by Schiff who seems to be the only voice of reason in the room, surrounded by delusional Bitcoin cultists who have all lost their collective minds.
At this point, many Bitcoin cultists have become just as deranged as Max Keiser, who now resorts to screaming antics on stage in an attempt to out-shout Schiff. They've all convinced themselves that Bitcoin will go up forever, functioning as a magical perpetual motion wealth generating machine that's not subject to the laws of reality. "You're living in a comic book reality," Schiff tells Keiser in the video (linked above). And he's right. The people who tell themselves that Bitcoin valuations are fully justified and rational are living in a dreamworld.
Peter Schiff is right: Bitcoin is going to implode at some point, wiping out hundreds of billions in "valuation" that never existed in the first place
When it comes to Bitcoin vs. gold, Peter Schiff is right. Gold is a genuine store of value. Bitcoin is an electronic tulip bubble promoted by delusional -- and sometimes truly insane -- cultists who have now become extremely combative and belligerent against all "non-believers." The higher Bitcoin goes, the more these people convince themselves they're the new geniuses of society, having discovered a magical loophole in the fabric of economic reality that can pay them endless riches without any effort required on their part.
Peter Schiff will have the last laugh in all this, by the way. Because he's right. Schiff has more wisdom, experience and financial sense than all the Bitcoin cultists combined. In fact, my own position on gold vs. Bitcoin is almost identical to Schiff's position, even though we've never talked. Rather, we've both come to the same rational conclusions on our own, after engaging in critical analysis of reality.
What's especially fascinating in all this is that the faster Bitcoin skyrockets, the sooner it will reach a blowout peak and begin its inevitable collapse. As I've stated before, it's dangerous to try to predict just how high it might go before the blowout because that's a function of the psychology of the mania, which is impossible to accurately model or anticipate. (Crazy people are not rational, by definition.)
Watch my new Bitcoin warning video below for more details on why a massive Bitcoin collapse is coming:
https://vimeo.com/246196676
https://youtu.be/t0Piucm6c-o
Mike Adams (aka the "Health Ranger") is the founding editor of NaturalNews.com, a best selling author (#1 best selling science book on Amazon.com called "Food Forensics"), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics.
Mike Adams also serves as the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation.
In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.
Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness.
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