by: Mike Adams
Thursday, December 07, 2017
As Bitcoin skyrockets past $18,000, I’m issuing a new Bitcoin warning video (see below for the full video). Bitcoin speculation has now clearly reached the level of a “digital tulip bulb mania” that’s going to end catastrophically. Historians will be writing about the mania (and the madness of crowds) for decades to come, and the Bitcoin collapse will be used by the establishment to discredit decentralized systems, libertarians and certain sectors of the independent media.
The headlines you’re going to see emblazoned across the mainstream media when this scheme unravels will include, “Bitcoin BLOODBATH” and “Bitcoin Goes BUST.” Every individual and website publisher that promoted Bitcoin is going to be named, discredited and possibly even indicted.
The people who are buying into Bitcoin right now are nothing more than sheep being led to slaughter. (Stay up to date on all this by reading BitRAPED.com.) When this Ponzi scheme collapses, who are they going to blame? People like Max Kaiser, of course, plus other individuals who may even face arrest and prosecution for their involvement in this financial fraud scheme.
The Bitcoin delusion explained
If you listen to Bitcoin cultists today, they increasingly sound like delusional liberal snowflakes trying to explain transgenderism. Bitcoin, once started as a really cool innovation for decentralized currency, has now become a purely speculative mania market rooted in “tulip bulb” delusion. In the same way that transgenderism advocates now deny the existence of genetics and the laws of physical biology, Bitcoin cultists now believe the laws of economics and finance can be waived away through mere wishful thinking. (See my related article, “How to explain the Bitcoin bubble to young people.”)
Listening to Bitcoin advocates trying to explain their delusion is become increasingly entertaining as the gobbledygook-to-signal ratio goes ballistic among Bitcoinerz who sound more and more like North Korean citizens explaining why Kim Jong-Un is their “dear leader.” Max Kaiser gets absolutely destroyed by Peter Schiff in this Nexus conference video, where even the host of the conference is so delusional that she literally says governments are attacking Bitcoin because gold is unsafe! (Around the 14 minute mark.) Max Kaiser goes totally berserk around the 22-minute mark and gets destroyed by Schiff who seems to be the only voice of reason in the room, surrounded by delusional Bitcoin cultists who have all lost their collective minds.