Back to episode — Episode 1380 Scott Adams - Aliens, Audits, Racists, Hackers, Bitcoin, Oh My!
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ell, in our ongoing series about Democrats eating their own, apparently Kamala Harris, according to Politico, is facing criticism because she spent the first few months of her term focusing more on being the United States' first Black vice president and not nearly enough on being the first Asian-American one. So I guess you can't be too intersectional. Is that even the right word? Apparently you c…
← Previous segment →ll you this. When Elon Musk says that it's an environmental disaster because it takes so many servers just to support Bitcoin, I don't know that it can recover from that.
So I would say there are two things which have made Bitcoin a lot less valuable. One is what Elon Musk said. Well, maybe three things actually. Two is that China is trying to ban it, maybe because they want to control their own currency and control the rest of the world, and Bitcoin doesn't let them control things as well. But that would be bad. But then the third thing is that I bought some Bitcoin the other day, and I thought if there's anybody who can stop the rise of Bitcoin, I can do it. I'll just buy some.
So I wasn't planning on it, but I think I told you the story. I ended up with some Ether in an account that I didn't know about, and there was too much of it, so I just said I'll put some of it in Bitcoin. The moment I moved my money to Bitcoin, boom, 25 percent down. I can do that with any asset. If there's an asset you'd like to bet against, just let me know. I'll buy a good dose of it, and it'll plunge immediately.
So I'm not sure anybody should take any advice on crypto. But I would guess that you w
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ant to at least diversify. You know, if you're going to have one crypto, maybe you need a few more. Just get a little diversity there. Demi Lovato continues to make news in all the wrong ways. You know, if you're a really high-end performer and singer that she is, she's tremendously talented. I don't know if it's good that you're making news for things that don't have anything to do with that. So…
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