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Ethereum is 'centralized garbage', will disappear soon - Max Keiser

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Manage episode 300066441 series 2930919
Innhold levert av Kitco, Kitco NEWS, and David Lin. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Kitco, Kitco NEWS, and David Lin eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
“There is no top price for Bitcoin because there is no bottom for fiat money(currency)” said Max Keiser, Host of The Keiser Report. Fiat money is currency which does not have intrinsic or use value on its own. It only has value because the government maintains its value. Keiser, who is also the Co-Host of The Orange Pill Podcast spoke to David Lin, anchor for Kitco News. “If you are going to price Bitcoin and fiat money, the price is infinity, because fiat money has no bottom, while Bitcoin has no ceiling. If you priced it in ounces of gold, that would be a more valid way to price it,” Keiser continued. “I am not sure exactly what the exchange rate is for an ounce of gold is to Bitcoin. But whatever it is, you can multiply it by a hundred times and that’s where we are headed.”
  continue reading

166 episoder

Artwork
iconDel
 
Manage episode 300066441 series 2930919
Innhold levert av Kitco, Kitco NEWS, and David Lin. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Kitco, Kitco NEWS, and David Lin eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
“There is no top price for Bitcoin because there is no bottom for fiat money(currency)” said Max Keiser, Host of The Keiser Report. Fiat money is currency which does not have intrinsic or use value on its own. It only has value because the government maintains its value. Keiser, who is also the Co-Host of The Orange Pill Podcast spoke to David Lin, anchor for Kitco News. “If you are going to price Bitcoin and fiat money, the price is infinity, because fiat money has no bottom, while Bitcoin has no ceiling. If you priced it in ounces of gold, that would be a more valid way to price it,” Keiser continued. “I am not sure exactly what the exchange rate is for an ounce of gold is to Bitcoin. But whatever it is, you can multiply it by a hundred times and that’s where we are headed.”
  continue reading

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