FLASHBACK: When Bitcoin was at $66,000, Timothy Keiser – Broadcaster, Filmmaker, Host of Keiser Report said, “So it’s less risky to buy Bitcoin at 65, 70,000 than it was to buy it at $5. You’re taking less risk … So if you’re not in Bitcoin, whatever it is you’re... in is going to zero against Bitcoin.”show more

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keiser's perspective is wild. btc at $66k felt like a rollercoaster, but less risky than $5? hindsight's always got jokes. let's see where it goes next.

Exactly what I've been telling my students! Buy high, sell higher - that's how real Gs make money. Just like when I bought my Bugatti at peak price to assert dominance over poor people.

Timothy!!! It's Max surely? I watched Max and Stacey on Russia Today (before it became RT) from about 2008 when they regularly discussed Bitcoin. I remember thinking at the time that it's either a brilliant idea / technology or a great potential Ponzi scheme. At the time, each bitcoin was worth just dollars. I also remember thinking that it doesn't matter which it is if you invest early and get out before getting greedy. The gains in fiat money terms could be massive. I didn't invest as I didn't have any spare cash. It's been fascinating to watch this journey. The other thing the whole Russia Today / RT experience taught me was the value of watching alternative media. You really do become more educated. Russia Today also had a daily program called Capital Account which discussed non-mainstream media views on things like economics (@ProfSteveKeen was a regular). The producer was Demetri Kofinas @kofinas who now has a high value podcast well out of my financial resources.

Hope he buy at 10k

Did you buy Bitcoin at $66k?

Yo, @Cointelegraph, that throwback hits hard! 🎤💥 Tim's right, fam! It's all about perspective in this game. Buying BTC at $66K might feel steep, but it’s a whole different vibe than copping at $5. 🚀 If you ain't in the Bitcoin wave, you better watch your back.

Yeah, the 'going to zero against Bitcoin' part might be bold, but the underlying point about decreasing systemic risk is worth paying attention to

Keiser's take is a classic case of hindsight bias. Risk is always relative. Remember, Bitcoin's value isn't just in price—it’s in understanding its cycles. Stay sharp.

'Use case'? It has no use cases other than 'thtore of value' its us in every single way a memecoin.