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Talking Real Money - Investing Talk

Battling Bitcoin BS

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2680 Ratings

🗓️ 14 January 2021

⏱️ 29 minutes

🧾️ Download transcript

Summary

There are so many things wrong with cryptocurrencies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:22.0

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0:24.4

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0:34.9

Reality Radio for a really great future.

0:38.0

We're talking real money.

0:41.1

Crypto, crypto, crypto.

0:43.8

Oh my gosh, I'm so tired of cryptocurrencies, I can't stand it.

0:47.7

Particularly Bitcoin.

0:50.7

What a...

0:52.5

Okay, I'll give you blockchain. You can have that. Okay? You're good now?

0:57.0

Bitcoin is a dumb idea.

1:01.0

And it just gets dumber all the time.

1:04.0

We're going to talk about it again today on the daily edition of talking real money. And I hope it'll be the last time for a while

1:14.3

because I hope that all of you will stop thinking about it. But I know you are because it's in the

1:21.9

news. The primary reason it's in the news is because it does stupid stuff.

1:29.0

And it's funny.

1:31.2

The only people I can find who are excited about Bitcoin are Bitcoin freaks.

1:42.4

I just don't see a lot of mainstream interest. Okay, Bitcoin freaks are just

1:47.7

outright freaks or people who can afford to lose a small fortune in pursuit of a speculation.

1:54.8

Otherwise, I don't get it. And today, we're going to talk a little bit more about why you shouldn't try and

2:03.3

get it. There are plenty of reasons. And one listener sent me, what may be the best reason?

2:11.6

I love this story. This is from Reuters. And apparently there's a woman by the name of Merrin Altman, who is both a Bitcoin investor

...

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