Keiser: Ethereum is ‘pyramid scheme’, scam DeFi will blow up, only Bitcoin will be left - Pt. (2/2)

Watch part 1 of the interview: https://youtu.be/6SDaueBJk0I

Altcoins, and Ethereum in particular, are “just outright scams” and will should eventually cease to exist, said Max Keiser, host of the Keiser Report and co-hot of The Orange Pill Podcast.

Speaking to Michelle Makori, editor-in-chief of Kitco News, Keiser noted that altcoins, or anything other than Bitcoin, are not sustainable by nature, nor do they have the characteristics that Bitcoin does that makes it sound money: scarcity, anti-fragility, decentralization, and the ability to not be “pumped and dumped” through a pre-mine.

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0:00 - Bitcoin's power consumption
6:28 - Bitcoin's biggest existential threat
9:48 - Bitcoin's technology
16:30 - DeFi vs Bitcoin
20:00 - Crypto regulations
26:00 - Bitcoin ETF
29:36 - Gold

#Bitcoin #MaxKeiser #Ethereum
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