Summary
- Analyst Jacob King pointed out that Bitcoin is an experiment in brainwashing individuals with greed.
- King explained that Bitcoin started with anonymous gambling and evolved into a scam supported by delusional speculators.
- He added that while Bitcoin claims to overthrow the financial system, it is ultimately just a game of musical chairs.
Virtual asset (cryptocurrency) newsletter WhaleWire's analyst Jacob King pointed out on the 26th (local time) via X (formerly Twitter) that "Bitcoin (BTC) is the greatest experiment showing how easily greed can brainwash individuals."
He continued, "Bitcoin is completely useless," explaining that "it started as a way for internet poker addicts to gamble anonymously, and over time, it has developed into a malicious scam propped up by delusional speculators attracted by the allure of easy profits."
Furthermore, he added, "Today, many people say it can overthrow the entire financial system," but "it's just a giant game of musical chairs, and it will never end well."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
