1/28/2024 0 Comments Bitcoin expert videoPart of the con is in the pretend commodity, because this is a completely shallow, liquidless market. But then there is this aspect of the pretend currency and the pretend commodity. There’s the blockchain-technology bitcoin, which I think is fantastic, and the future, and all sorts of businesses are investing tens or hundreds of millions of dollars in Silicon Valley and around the world to build businesses on the back of the blockchain technology because it’s so wonderful and can move assets frictionlessly. It’s a con in that it’s not a real currency, but let me back up. Your career has been spent writing about various frauds and cons. When you heard the hype coming from the community, and … that people were spending money on this stuff, they needed to know the truth. It’s not a real currency and it’s not a real commodity. Actually, it’s not good for money laundering to start, but it’s also not what it claims to be in other ways. So I thought I really should find out about it, and I looked at everything that was being said, and none of it added up. Robinson: About two years ago, given the books I’ve written about money laundering, people kept telling me that bitcoin was the next big thing in money laundering. The interview has been edited for length and clarity.įortune: What drew your interest to bitcoin? But Robinson is convinced that when all is said and done, it will become the vehicle for hucksters to trick both innocents and bitcoin’s ideological backers out of millions.įortune spoke with Robinson about the year he spent researching bitcoin and why he thinks the currency will ultimately dissolve into worthlessness. Of course, unlike the schemes of felonious bankers, bitcoin-the technology and the currency-wasn’t conceived as a malicious scam. Now, he is turning his attention to bitcoin, with a new polemic called Bit Con: The Naked Truth About Bitcoin. His books on international money laundering and the pharmaceutical industry pulled back the curtain on the nefarious behavior of some in the banking and pharmaceuticals industries.
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