Talk show host and comedian Bill Maher has taken aim at cryptocurrencies and Bitcoin, bucking a wave of optimism that has driven the crypto market cap past the $1 trillion threshold.
During an eight-minute speech, Maher poked fun at cryptocurrencies, describing them as a “mania around the country” and saying that the popular refrain that “the train is leaving the station and people better get on” had sent people investing in something they barely understand.
He went on to list several trusted companies that have jumped in with both feet, mentioning Microsoft, Tesla and Etsy, along with PayPal, Starbucks, and so on.
Cryptocurrency is like Tinkerbell's light – its power source is based solely on enough children believing in it. And unfortunately what is real is that its growth could single-handedly push global temperatures above the tipping point of 2°C. #Bitcoin #Mining #ClimateChange pic.twitter.com/ZyPsuKdXEI
— Bill Maher (@billmaher) May 1, 2021
Maher explained that one-in-ten Americans had used their stimulus checks to invest in cryptocurrencies, with Bitcoin, Ethereum and Dogecoin all named during the segment.
“There is one called Dogecoin”, Maher explained, “which started as a joke, which is the same as all other cryptocurrencies, because the whole thing is a joke”.