meta_pixel
Tapesearch Logo
Log in
Open to Debate

Is Bitcoin More Than a Bubble and Here to Stay?

Open to Debate

Open to Debate

Education, Society & Culture, News, Government, Politics

4.52.1K Ratings

🗓️ 4 June 2021

⏱️ 53 minutes

🧾️ Download transcript

Summary

Is Bitcoin here to stay? Cryptocurrencies hold the promise of revolutionizing global finance by placing control in the hands of users, not nations, and making financial exchanges more transparent, efficient, and democratic. But given the yet-another-round of boom and bust cycles seen recently, questions remain: Could cypto ever be considered a safe bet? Proponents say the hype is warranted, with naysayers increasingly jumping on the Bitcoin (block) train. Yet skeptics and critics – like Elon Musk – suggest this highly volatile digital currency offers a platform for illicit activity, including money laundering and trafficking of humans and drugs, free from government oversight and regulation. They argue Bitcoin has no intrinsic value – the price is based on market enthusiasm rather than actual utility. So… in light of renewed attention, Intelligence Squared U.S. sought to resurrect this highly relevant debate: Is Bitcoin More Than a Bubble and Here to Stay? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Slack. With Slack, you can bring all your people and

0:05.9

tools together in one place. It's your digital HQ where you can increase productivity,

0:11.1

enable flexibility and automate workflows. Plus, Slack is full of game-changing features

0:16.7

like huddles for quick check-ins or Slack Connect, which helps you connect with partners

0:20.9

inside and outside of your company. Slack, where the future works. Get started at

0:26.9

Slack.com slash DHQ. Hi, everybody. I'm John Donben. And if you've been watching the

0:32.9

financial markets at all lately, you know we've just been through another one of these

0:36.9

wild up and down cryptocurrency rides. Given that, we thought it was appropriate to bring

0:42.7

back a debate we did a while ago that is now proving really timely. So let's just get

0:49.7

to it.

0:50.1

Up and down Bitcoin goes and where it ends up. Well, if you do know that, would you mind

1:02.4

sharing what the rest of the class? Bitcoin, the first cryptocurrency, has been called

1:08.1

a bubble, a fad, a scam, a tool for terrorists and crooks that is doomed to disappear. And

1:13.5

yet, some fiercely smart people believe in Bitcoin. Believe in it because they say it

1:18.1

takes vision to see how this first-of-a-kind digital currency will thrive and soar once

1:23.5

everybody else recognizes its utility. That it will liberate us from the corrupting influence

1:28.2

of central bank meddling in currencies like the US dollar itself and from a system where

1:32.6

the middleman is always taking his cut. Bitcoin, they say, is the solution and just getting

1:37.1

started. Wild price swings notwithstanding. So which is it? Well, to us, this sounds like

1:42.1

the making of a debate. So let's have it. Yes or no to this statement. Bitcoin is more

1:47.2

than a bubble and is here to stay. I'm John Donovan. I stand between two teams of two experts

1:52.9

in this topic who will argue for and against that motion. As always, our debate will go in

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Open to Debate, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Open to Debate and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.