Why Bitcoin is Intelligent w/ Aleks Svetski

Published: Aug. 3, 2021, 6:57 p.m.

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Aleks Svetski discussed his \\u201cIntelligent Guide To Bitcoin\\u201d and the misunderstandings about BTC that are often perpetuated.

Many in the traditional financial space, government and academia have long dismissed Bitcoin as a silly toy for criminals and predicted that its price will go to zero. These predictions remain commonplace in the mainstream media to this day, despite the network\\u2019s astounding growth and the currency blasting past $30,000 prices and making inroads across the global economy. Upon reading a recent example of these crypto dismissal articles from an Australian professor, titled the \\u201cDummies Guide To Crypto,\\u201d Aleks Svetski \\u2014 CEO of Bitcoin DCA app Amber and Bitcoin Magazine contributor \\u2014 felt that he needed to respond.\\xa0

Svetski agrees with the author of the \\u201cDummies Guide\\u201d that \\u201ccrypto\\u201d is trash and that there is very little substance to the general \\u201ccrypto\\u201d market. Aleks does however disagree that these assumptions are also true for Bitcoin. The reality is that Bitcoin is a very well thought out solution to a very important problem that has been plaguing humanity. Aleks\\u2019 response to the \\u201cDummies Guide\\u201d is \\u201cThe Intelligent Guide To Bitcoin.\\u201d In the article, Svetski covered what Bitcoin is, whether people should invest in it, the mining and energy factors and its downsides.

\\u201cBitcoin Magazine Podcast\\u201d host Christian Keroles sat down with Svetski to discuss the key points in the article and debate how to best articulate them to people that think Bitcoin is just a silly toy.

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