Jim Sinclair on Bitcoin, Gold, Silver and Outer Space

I have argued that bitcoin, along with all the other cryptocurrencies, plays into the hands of the banking cabal. Virtual currencies, online only currencies or cryptocurrencies, in my opinion, have built in flaws that make them extremely risky, on a good day, and a tool of enslavement on their worst day. We recently learned there is a cryptocurrency that is available now and was designed specifically for central banks – the Utility Settlement Coin

It is no secret the banking cabal would like nothing more than to remove every piece of physical currency from the planet and replace the illusion of money (paper fiat currency) with a mirage of currency (plastic card or online currency). Why would I want to assist them in achieving this goal? As we recently reported the number of people using physical cash, globally, is already dropping at an alarming rate, which begs the question – why encourage these criminals to move it to the next level?

I have found that Jim Sinclair doesn’t really mix words. He tells you what he thinks, like it or not, about a given situation. On the subject of bitcoin he doesn’t really hold back and explains to, what I presume is one of his readers, exactly how he feels about bitcoin. I dare say Jim’s feelings are not restricted to bitcoin but to virtual currencies of every stripe.

Below are Mr. Sinclair’s comment to the reader

Dear G,

Bitcoin is a virtual game that is being made look better than gold or silver, to sell the concept of a world wide virtual currency.

It should change its name to “Nintendo Virtual Foolishness,” as it’s purpose is to win the hearts and minds of a public.

After that to construct a “Dollar Index Bit Coin” backed by tickets to Mars from Space Inc. with a picture of Elon Musk.

There is no computer game that can not be hacked, and there never will be.

Regards,

Jim

Seems pretty clear to me that Mr. Sinclair has little to no time for cryptocurrencies. I like Jim Sinclair.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.