Economist Steve Hanke Torches Bitcoin Strategy With Brutal ‘No Value’ Verdict
2025-07-15 03:35:28
Main Idea
Economist Steve Hanke criticizes Bitcoin's fundamental value, comparing its adoption by companies to gambling and dismissing it as speculative with no intrinsic worth.
Key Points
1. Steve Hanke describes companies swapping productive investments for Bitcoin treasuries as 'playing roulette', emphasizing Bitcoin's lack of fundamental value.
2. Hanke consistently questions Bitcoin's legitimacy as an asset, labeling it as 'fool’s gold' and equating it to 'zero fundamental value' in various posts since March.
3. Hanke agrees with Peter Schiff's criticism of Bitcoin and Ethereum treasuries, reinforcing the view that such strategies are foolish and speculative.
Description
Bitcoin’s record-breaking rally is under fire as influential economists slam BTC treasury strategies, warning investors of fundamental worthlessness and likening current enthusiasm to blind speculation. Steve Hanke Doubles Down: Bitcoin Treasuries Have ‘No Fundamental Value’ A sharp critique of crypto treasury strategies is casting a shadow over bitcoin’s record surge, igniting fresh skepticism from influential
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