Bitcoin Is A "Dumpster Fire" (Peter Zeihan)

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In this video, I discuss the arguments that the geopolitical analyst Peter Zeihan has made against Bitcoin.

While very smart when it comes to geopolitical matters, I think that Zeihan has not put in the work on Bitcoin. He fails to understands Bitcoin as a Trojan Horse, wrongly concluding that it will be banned everywhere.

Zeihan also misunderstands the real reason for the easy money environment, which has less to do with the Boomers' risk tolerance and more directly to do with the US fiscal situation and the end of the long-term debt cycle.

The easy money environment is here to stay (Fed will need to restart the money printers soon), not in spite of the Boomers' retirement, but because of their retirement. The Fed will need to print money to fund massive entitlement spending for the Boomers.

Not investment advice! Consult a financial advisor.

Peter Zeihan:
https://en.wikipedia.org/wiki/Peter_Zeihan

Stratfor:
https://en.wikipedia.org/wiki/Stratfor

Zeihan calls Bitcoin a dumpster fire:
https://coinpedia.org/opinion/geopolitical-strategist-and-author-peter-zeihanpeter-zeihan-thinks-bitcoin-is-dumpster-fire/

Peter Zeihan interview:
https://www.youtube.com/watch?v=t_gw4eTr-hM&ab_channel=ARKInvest

US debt clock:
https://www.usdebtclock.org/

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Zeihan

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