Wednesday, January 03, 2018 by Martin Mavis
The Health Ranger explains why he secretly hopes Bitcoin will SUCCEED, but fears it’s going to be crushed by the criminal central banks.
Podcast Transcript: “You know I think Bitcoin is a victim of its own success. I want to clarify something here that I’m not in any way anti-Bitcoin. In fact, I secretly hope Bitcoin succeeds, even though I’ve warned about it being a bubble. In my view, it would have been great if Bitcoin had just achieved slow, steady growth over time; slow adoption without the hype, mania and the bubble that we’ve been seeing lately. That’s what I would love to see with Bitcoin, but because Bitcoin exploded and became so over hyped, that’s when I started warning people to watch out, because this thing is so volatile. You started hearing stories about people selling their homes to start mining Bitcoin – and you know the math works great as long as Bitcoin is going up, but once it reverses, oh boy a lot of people are gonna get hurt. So, it’s really my concern for people getting hurt and I don’t want people to walk into it not knowing what they’re doing… but secretly – well I guess not so secretly now – I do actually hope that some kind of decentralized cryptocurrency succeeds. Really underneath it all, a vote for Bitcoin, or any other cryptocurrency, is really a vote against the Central Bank. I really see them as an old-school model that is about to become obsolete. One of the reasons that I’ve warned about Bitcoin is because I’ve known all along that the central banks will fight back. I mean the central banks are in bed with the the government system…” Listen to the full podcast below: