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Why 'The News Agents' Missed the Mark on Bitcoin

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Manage episode 468022134 series 3512732
Content provided by Myles Dhillon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Myles Dhillon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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A Response to The News Agents on Bitcoin

Main Criticisms & Responses

  1. Bitcoin is Driven by Libertarian & Anarcho-Capitalist Ideology
    • While some Bitcoiners are libertarian, Bitcoin itself is neutral. It’s used by people across the political spectrum, especially in countries with inflation and capital controls.
    • Many Bitcoin advocates focus on financial freedom, not anarcho-capitalism. Its adoption by institutions (BlackRock, Fidelity) and nation-states (El Salvador) shows its mainstream relevance.
  2. Bitcoiners Want the Financial System to Collapse
    • Most Bitcoin users see it as a hedge, not a weapon. They seek financial sovereignty amid inflation, reckless monetary policy, and overreach.
    • Bitcoin is integrating with traditional finance, not replacing it. Major institutions hold Bitcoin, signaling coexistence, not destruction.
  3. Bitcoin is a Male-Dominated, Exclusive Community
    • Early adopters were mostly male, but adoption is diversifying. Women-led Bitcoin initiatives and education efforts are growing.
    • Bitcoin is open to everyone, with grassroots adoption increasing in Africa, Latin America, and Southeast Asia.
  4. Bitcoin is a Bubble & Could Collapse
    • Bitcoin has survived multiple cycles over 15 years and remains a $2T asset. It’s now embedded in global finance through ETFs and corporate treasuries.
    • A Bitcoin collapse would impact investors but wouldn’t trigger a systemic banking crisis.
  5. Bitcoin is Part of a Broader Tech Elitist Movement
    • Bitcoin’s core purpose is financial independence, not AI-driven utopias.
    • The majority of Bitcoin users are ordinary people in struggling economies, using it for remittances and savings.

Get intouch with Myles at [email protected]

  continue reading

41 episodes

Artwork
iconShare
 
Manage episode 468022134 series 3512732
Content provided by Myles Dhillon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Myles Dhillon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

A Response to The News Agents on Bitcoin

Main Criticisms & Responses

  1. Bitcoin is Driven by Libertarian & Anarcho-Capitalist Ideology
    • While some Bitcoiners are libertarian, Bitcoin itself is neutral. It’s used by people across the political spectrum, especially in countries with inflation and capital controls.
    • Many Bitcoin advocates focus on financial freedom, not anarcho-capitalism. Its adoption by institutions (BlackRock, Fidelity) and nation-states (El Salvador) shows its mainstream relevance.
  2. Bitcoiners Want the Financial System to Collapse
    • Most Bitcoin users see it as a hedge, not a weapon. They seek financial sovereignty amid inflation, reckless monetary policy, and overreach.
    • Bitcoin is integrating with traditional finance, not replacing it. Major institutions hold Bitcoin, signaling coexistence, not destruction.
  3. Bitcoin is a Male-Dominated, Exclusive Community
    • Early adopters were mostly male, but adoption is diversifying. Women-led Bitcoin initiatives and education efforts are growing.
    • Bitcoin is open to everyone, with grassroots adoption increasing in Africa, Latin America, and Southeast Asia.
  4. Bitcoin is a Bubble & Could Collapse
    • Bitcoin has survived multiple cycles over 15 years and remains a $2T asset. It’s now embedded in global finance through ETFs and corporate treasuries.
    • A Bitcoin collapse would impact investors but wouldn’t trigger a systemic banking crisis.
  5. Bitcoin is Part of a Broader Tech Elitist Movement
    • Bitcoin’s core purpose is financial independence, not AI-driven utopias.
    • The majority of Bitcoin users are ordinary people in struggling economies, using it for remittances and savings.

Get intouch with Myles at [email protected]

  continue reading

41 episodes

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