Episode Details

What happens when an economist who predicted the 2008 financial crisis says Bitcoin is a Ponzi scheme? 

In a recent interview, Australian economist Steve Keen made several strong claims about Bitcoin — arguing that it has no intrinsic value, wastes energy, is mainly used for criminals, and could even be heading to zero.

But do these arguments actually hold up?

In this episode, we break down Steve Keen’s criticisms one by one and explore the bigger questions around Bitcoin, wealth, and investing. Along the way we discuss common misconceptions about Bitcoin, why many people still confuse Bitcoin with the wider crypto market, and what these debates reveal about the modern financial system.

You’ll learn why people keep calling Bitcoin a Ponzi scheme and whether that claim actually makes sense, the key differences between Bitcoin and the wider crypto market, how Bitcoin’s energy use and mining relate to its value, and why critics often link Bitcoin to crime and the dark web. We also explore what debates like this reveal about money printing, inflation, and long-term wealth building. 

Listen to this episode to hear Steve Keen’s arguments against Bitcoin — and the breakdown of what they mean for wealth, investing, and the future of money. 

If you've got questions and don't really have anyone to talk to about Bitcoin...

-- Book a free call: [LINK] 

-- Follow Myles on Instagram: [LINK] 

-- Check My Personal Website: [LINK]

Most people around you - family, friends, colleagues - don't really get it yet. And the internet is full of hype merchants who just want your attention.

Book a free call with Myles. It's a genuine conversation, not a sales pitch. No agenda, no pressure - just a calm 15 minutes to talk through where you are and how to think about this properly.

You can a Book a call with Myles here with this link. No Sell. Totally free. 

Secure your Bitcoin properly 

I came across MicroSeed because I was looking for a simple way to back up a seed phrase properly. Something small, discreet, and durable without needing loads of extra kit. Most options felt overcomplicated or a bit clunky. This didn’t.

It’s a solid, no-nonsense way to secure your Bitcoin and actually take self-custody seriously.

If that’s something you’ve been meaning to sort out, you can check out MicroSeed and use code MYLES for a discount from https://microseed.io/shop/

Hit follow, so you never miss the latest in...