{"id":231766,"date":"2021-04-15T05:54:19","date_gmt":"2021-04-15T05:54:19","guid":{"rendered":"http:\/\/www.thetruthseeker.co.uk\/?p=231766"},"modified":"2021-04-16T07:44:15","modified_gmt":"2021-04-16T07:44:15","slug":"anthony-migchels-bitcoin-is-a-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=231766","title":{"rendered":"Anthony Migchels – Bitcoin is a Ponzi Scheme"},"content":{"rendered":"

henrymakow.com \u2013 April 14, 2021<\/strong><\/h1>\n

“BTC is a total ponzi, going up because of new money, much from the printing press, coming in. And it will go down when money printing ends, which seems to be around now.”<\/strong><\/p>\n

by Anthony Migchels — (henrymakow.com)<\/strong><\/h2>\n

BTC is and remains a totally bogus item.<\/strong> I hate to say it, but I agree with the likes of [Christine] Lagarde and others who say BTC is just a ‘speculative asset’, and not a means of exchange.<\/p>\n

Market Cap is a Trillion now. If there is 10 billion worth of real, commercial trade in BTC, it’ll be a lot. This means that 1 BTC circulates……….every hundred years. That’s insane, that has nothing to do with ‘money’.<\/p>\n

BTC is a total ponzi, going up because of new money, much from the printing press, coming in. And it will go down when money printing ends, which seems to be around now.<\/p>\n

Also, I’m suspecting BTC did its job for the Banksters: it made electronic, cashless money hip. It indeed paved the way for a Global, Cashless Currency. But it won’t be it. It’s going to be regulated to death, once it crashes, I think.<\/p>\n

The real cashless electronic currencies will be run by the Central Banks, not some ‘free market’ outfit. China incidentally just last week started theirs, it’s operational now. The ECB, BoE, the Fed, they’re all developing their own.<\/p>\n

I very strongly suspect we could see a crash in months. Here’s why:<\/p>\n

 <\/p>\n

Continues \u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Migchels still expects a gold standard. <\/p>\n","protected":false},"author":39262,"featured_media":231768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[61,66],"tags":[],"class_list":["post-231766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-Commentary","category-Economics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/231766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=231766"}],"version-history":[{"count":2,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/231766\/revisions"}],"predecessor-version":[{"id":231769,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/231766\/revisions\/231769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/media\/231768"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=231766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=231766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=231766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}