Max Keiser: Ethereum is ‘pyramid scheme’, scam DeFi will blow up, only Bitcoin will be left (Part 2/2)

Kitco News, Released on 1/26/22

For Part 1 of this interview, CLICK HERE

Altcoins, and Ethereum in particular, are “just outright scams” and will should eventually cease to exist, said Max Keiser, host of the Keiser Report and co-hot of The Orange Pill Podcast. Speaking to Michelle Makori, editor-in-chief of Kitco News, Keiser noted that altcoins, or anything other than Bitcoin, are not sustainable by nature, nor do they have the characteristics that Bitcoin does that makes it sound money: scarcity, anti-fragility, decentralization, and the ability to not be “pumped and dumped” through a pre-mine.

0:00 – Bitcoin’s power consumption
6:28 – Bitcoin’s biggest existential threat
9:48 – Bitcoin’s technology
16:30 – DeFi vs Bitcoin
20:00 – Crypto regulations
26:00 – Bitcoin ETF
29:36 – Gold

Max Keiser is a former stockbroker and an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. Keiser invented “Virtual Specialist Technology,” a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where he began working after graduating from NYU. With the help of Keiser’s co-host, Stacy Herbert, and guests from around the world, Keiser Report tells you what is really going on in the global economy.

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