# An Economist Who Predicted 2008 Says Bitcoin Is a Ponzi Scheme - He Is WRONG and Here Is Why (Bit Coin, Wealth & Investing)

Page: https://stenobird.com/podcast/should-i-invest-in-bitcoin-grow-your-wealth-understand-the-cryptocurrency-bit-coin-for-millennials-serious-about-money-and-investing-6616963/an-economist-who-predicted-2008-says-bitcoin-is-a-ponzi-scheme-he-is-wrong-and-here-is-why-bit-coin-wealth-investing
Text version: https://stenobird.com/podcast/should-i-invest-in-bitcoin-grow-your-wealth-understand-the-cryptocurrency-bit-coin-for-millennials-serious-about-money-and-investing-6616963/an-economist-who-predicted-2008-says-bitcoin-is-a-ponzi-scheme-he-is-wrong-and-here-is-why-bit-coin-wealth-investing.md
Podcast: [Should I Invest in Bitcoin?   Grow Your Wealth & Understand the Cryptocurrency Bit Coin, for Millennials Serious About Money and Investing](https://stenobird.com/podcast/should-i-invest-in-bitcoin-grow-your-wealth-understand-the-cryptocurrency-bit-coin-for-millennials-serious-about-money-and-investing-6616963)
Published: 2026-03-23T06:00:00+00:00
Episode link: https://www.buzzsprout.com/2249636/episodes/18814602-an-economist-who-predicted-2008-says-bitcoin-is-a-ponzi-scheme-he-is-wrong-and-here-is-why-bit-coin-wealth-investing.mp3
Audio file: https://www.buzzsprout.com/2249636/episodes/18814602-an-economist-who-predicted-2008-says-bitcoin-is-a-ponzi-scheme-he-is-wrong-and-here-is-why-bit-coin-wealth-investing.mp3
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Duration seconds: 1869

## Resource

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 in...

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