By CCN: The man, the meme, the legend – Alex Jones has become an ingrained part of the Bitcoin subculture in recent years, thanks to several revelations made on his flagship show Infowars.
The following five “theories” offered up by Jones are controversial, conspiratorial, and, at times, contradictory. Among the supporting cast, we have Jack Dorsey, Charles Ponzi, Peter Schiff, and Joe Rogan. There’s even a cameo appearance by George Soros as Nouriel Roubini.
…The World of Bitcoin According to Alex Jones (2019)
1. Bitcoin is Nothing But a Ponzi Scheme
During a discussion with stockbroker and financial commentator, Peter Schiff, Jones declared Bitcoin to be little more than a Ponzi scheme. This was in the aftermath of Bitcoin’s year long decline – mere days after it struck a fifteen-month low in December 2018. The sign of a sore, salty investor?
Jones told Schiff when he rejected money to advertise cryptocurrency it was because he sensed its impending collapse:
“That means they’re about to dump it… They’re pulling their money out of the Ponzi scheme, and they wanna bring in all the new suckers with the big advertising push to prop it up. So it collapses months later, and they don’t get the blame for pulling their money out – which is the crime – when they know it’s going down. It’s called a pump and dump.”
Again, reading between the lines, there’s every chance that representatives from cryptocurrency projects pitched Jones some advertising deals. Especially in the run up to BTC’s peak price point, when ICO money was just starting to explode.
Ultimately his Ponzi notion becomes less viable by the day. Not because cryptocurrency is suddenly a ‘safe bet’, but rather because it’s becoming useable in ways that Charles Ponzi’s tokenized shares never were.
2. Likes Altcoins; Not a BTC Maximalist: “I want 100 Big Cryptocurrencies”
Another Infowars segment had Jones declare that he was not a Bitcoin maximalist, and that he wanted to…