Bitcoin News
By MikeT
1 / 15
Steve Hanke: BTC Treasuries Are “Playing Roulette”. On July 14, Hanke took to social media platform X (formerly Twitter) to express his concerns.
2 / 15
Aligning With Peter Schiff on Crypto Criticism. Hanke’s comments came shortly after Peter Schiff, another well-known gold advocate and economist,…
3 / 15
Criticism of Crypto-Backed Lending and Collateralization. Hanke didn’t stop at criticizing Bitcoin as an investment.
4 / 15
Bitcoin Rally: Detached From Value or Market Evolution?. Despite the criticisms, Bitcoin’s recent price surge paints a very different picture.
5 / 15
The Polarizing Debate: Is Bitcoin a Speculative Bubble or a Strategic Asset?. Hanke’s recent statements have reignited a long-standing debate in financial circles: Is Bitcoin a…
6 / 15
Conclusion: Economic Conservatism Meets Digital Innovation. Steve Hanke’s sharp remarks underscore the divide between traditional economic thought and the…
7 / 15
As Bitcoin (BTC) continues its historic rally, nearing $123,000 earlier this week, not all voices in the financial world are cheering.
8 / 15
His comments come at a time when companies like Strategy (formerly MicroStrategy) continue adding billions of dollars in BTC to their balance sheets, sparking debates over the…
9 / 15
“Companies swapping productive investments for Bitcoin ‘treasuries’ are playing roulette,” he wrote.
10 / 15
This isn’t the first time Hanke has voiced skepticism about crypto assets. A long-time critic, he has frequently described Bitcoin as speculative, likening it to “fool’s gold”…
11 / 15
Hanke’s comments came shortly after Peter Schiff, another well-known gold advocate and economist, posted his own warning about Bitcoin-centric companies.
12 / 15
“The logic behind Bitcoin or Ethereum treasury companies is to take advantage of foolish investors… The problem is the fools looking to take advantage of other fools are fools…
13 / 15
Hanke responded in support, stating that Schiff is “spot on,” further reinforcing a narrative among traditional economists that crypto enthusiasm is disconnected from financial…
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Hanke didn’t stop at criticizing Bitcoin as an investment. He also questioned the sustainability of crypto lending, warning that the system may be on borrowed time.
15 / 15
“Eventually no one will loan against crypto collateral,” he cautioned. “But right now there are foolish lenders who will.”
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