Cryptocurrency enthusiasts can’t fathom why Bitcoin will fail. If you tell them that you’re not investing in Bitcoin or other cryptos, they look at you like an uneducated investor, a sheep following the crowd without thinking for yourself. The promise of Bitcoin is so great that you’d have to be an outright fool to deny it, and anyone who refutes the future golden age of a decentralized society is simply mistaken and is only coping with the oncoming collapse of fiat currency and Western civilization.The problem with that theory? None of it is grounded in reality. Today, BiggerPockets CEO Scott Trench is going to prove it. After years of research on Bitcoin, the blockchain, and cryptocurrency as a whole, Scott has come to a simple conclusion: Bitcoin isn’t worth it. In fact, Bitcoin may be worth, unsurprisingly, nothing! But before all you Bitcoin maximalists come out of the woodwork, claiming we’re forever bullish on index funds and real estate, hear out Scott’s argument.Scott will explain the case for Bitcoin and why its end goal is actually quite altruistic. However, five fatal flaws will stop Bitcoin from ever becoming a world reserve currency or replacing fiat money. Besides its fatal flaws, Bitcoin isn’t a foolproof cryptocurrency by any means, and we’ll prove it! Finally, Scott gives his Bitcoin price prediction and his recommendation if you do want to hold some Satoshis.In This Episode We CoverThe rational investor’s case against Bitcoin and why it’s NOT an investmentThe reasons why Bitcoin could change society for the better (but probably won’t)Five fatal flaws of Bitcoin that will stop it from ever taking over fiat currencyHow adopting Bitcoin could lead to a crashing economy with no growthThe blockchain’s big problems and proof that the world isn’t ready to adopt cryptocurrencyScott’s long-term Bitcoin price prediction that will shock Bitcoin maximalistsAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on The Path to FIRE Through the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEMindy on BiggerPocketsScott on BiggePocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Find an Investor-Friendly Agent in Your AreaFind Investor-Friendly LendersBiggerPockets Money 371 - Bitcoin: Investing Fad or Final Bullet to Fiat Currency? w/Saifedean AmmousEveryone’s Talking About Cryptocurrencies. Should You Invest?4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate00:00 Intro02:16 The Case FOR Bitcoin 09:51 5 Fatal Flaws of Bitcoin14:29 Bitcoin is NOT a Perfect Crypto 21:46 The Blockchain’s Big Problems26:58 Bitcoin Price Prediction 28:48 What if Bitcoin DOES Take Over?Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-525Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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