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Bitcoin, the world’s first scarce digital asset, has been a subject of intense debate since its inception. Critics have often labeled it as a Ponzi scheme or a speculative bubble waiting to burst. However, Australian financial journalist Alan Kohler presents a different perspective in his latest article, referring to Bitcoin as an “insurrection” against the traditional financial system.
Alan Kohler on Bitcoin: More Than Just a Bubble
Contrary to popular belief, Kohler argues that Bitcoin is not a Ponzi scheme or a bubble but rather a disruptive force challenging the norms of free-market financial capitalism. He acknowledges that when Bitcoin crashed by 75% in 2022, many believed it…
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