In this video, we take a close look at a few common and pervasive myths about bitcoin and thoroughly disprove their validity. Contrary to popular opinion, government cannot end bitcoin. Other cryptocurrencies don’t stand a chance. Bitcoin does not need the internet to continue to work. And finally, bitcoin does in fact have intrinsic value.

The opinions expressed by columnists are their own and do not necessarily represent the views of AmericanActionNews.com


After almost five years in the financial services industry, Joseph Brown witnessed too many people paying too much in fees for bad advice. Joseph is the founder of Heresy Financial which serves to equip people to control and protect their own wealth instead of being vulnerable to poor investments, hidden fees, and economic crises.

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Steven
Steven
1 month ago

He successfully argued Bitcoin DOES NOT have value outside of being used as currency. The underlying network has value, but NOT the Bitcoin itself.

Paul
Paul
1 month ago
Reply to  Steven

Unfortunately, our U.S. dollar is just about as valuable as Bitcoin… that is, both are good for wallpaper but not much more.

Bob L.
Bob L.
1 month ago

I’ve been saying since I first heard about Bitcoin and other fictitious “monies” that they are a scam and can evaporate instantly whenever the “issuer” decides the time is right to pull the plug. Bitcoin is a Red Chinese run operation. I don’t know who runs any of the others. I just read a news article in which Stephanie Xia was identified as the new head of national (in the U.S.) mining for Bitmain, which has three operating sites in the U.S. Makes you wonder what else besides people’s money the Reds are “mining” in our country.