Bitcoins thesis is pretty dumb. "We need high fees to have security" but high fees drive away users. Once the block subsidy in BTC is gone bitcoin will crash and burn. Of course it will crash a burn a bit before that because markets will price it in, in advance.
Peter is so far up his own ass. "Crypto will go to zero!" -- Bitcoin is outpacing mobile phones / online payments in terms of rate of adoption. But his take is that suddenly -- fucking out of NOWHERE -- they'll all just collectively decide to stop using it, despite the fact that entire Nation States are now adopting it as legal currency and adding it to their national treasuries.
Ponzi schemes like Bitcoin always go to zero.
Bitcoins thesis is pretty dumb. "We need high fees to have security" but high fees drive away users. Once the block subsidy in BTC is gone bitcoin will crash and burn. Of course it will crash a burn a bit before that because markets will price it in, in advance.
Peter is so far up his own ass. "Crypto will go to zero!" -- Bitcoin is outpacing mobile phones / online payments in terms of rate of adoption. But his take is that suddenly -- fucking out of NOWHERE -- they'll all just collectively decide to stop using it, despite the fact that entire Nation States are now adopting it as legal currency and adding it to their national treasuries.
Good luck with that thesis, bro.