Steve Hanke

President Bukele Slams Steve Hanke While Teaching Him About Geothermal Energy

Will geothermal energy revolutionize the Bitcoin mining industry? That remains to be seen. However, El Salvador’s volcano mining plan is well underway. So, of course, famed economist and Bitcoin denier Steve Hanke had to publicly criticize it. He wasn’t counting on President Bukele’s social media strategy, though. He got schooled and then some.
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Steve Hanke: 'We know the price of bitcoin, but not its value ... it's probably zero' — Yahoo! Finance

(Dec 27): Bitcoin (BTC-USD) has a price “but we don’t know its value, which is probably zero”, senior economist Steve Hanke has claimed, Yahoo! Finance reported. Speaking to Yahoo Finance about the difficulty in deriving a value for the world’s preeminent cryptocurrency, the former economic adviser to the Reagan administration said: “From a high theory perspective you end up with a bitcoin that does have a price, that is objective and we know what it is, but we don't know its fundamental value and my guess is it’s probably zero."

El Salvador Bitcoin City: ‘Absurd Political Stunt by a Delusional Dictator’, Says Steve Hanke

Steve Hanke has criticized plans by El Salvador to build a Bitcoin city, calling the initiative an “absurd political stunt by a delusional dictator.”. El Salvador’s President Nayib Bukele announced on Nov. 20 that he plans to build a city that runs entirely on bitcoin. The city will be constructed at the base of Conchagua volcano in the country’s south-east.

This Is Hilarious: Bitcoin Denier Steve Hanke Is Into Ethereum Now

Did Steve Hanke find a way out of the hole he’s been digging himself into for all these years? The economist holds the world record for the person with the highest number of terrible Bitcoin takes, with almost 13 years of failed predictions. And now, out of nowhere, he seems to like the world’s second cryptocurrency by market capitalization. What does he like about Ethereum, though? The “560% price surge this year,” of course. But there’s more…

Inflation surges to highest level in 30 years, Biden is about to press ‘panic button’ – Steve Hanke

Steve Hanke, professor of applied economics at Johns Hopkins University, discusses with David Lin, anchor for Kitco News, the implications for investors of higher inflation. “[Inflation] could go higher and the main thing is persistence. This talk we have, it’s all political nonsense…they’re talking about inflation being temporary, and it’s a supply chain problem. This is just utter rubbish. The CPI and inflation are driven by the money supply growth,” Hanke said. “And, we’ve had a massive amount of excess money created by the Fed since the Coronavirus pandemic hit.”

Twitter CEO Jack Dorsey predicts hyperinflation, is he right? Steve Hanke responds

Jack Dorsey, CEO of Twitter, recently Tweeted that "Hyperinflation is going to change everything. It's happening." Steve Hanke, professor of applied economics, told David Lin, anchor for Kitco News, that the term “hyperinflation” is not being used correctly in this case. “People play fast and loose with language and words...

Nayib Bukele Responds To Steve Hanke Sarcastically As Bitcoin Price Shoots

The price of Bitcoin has always been in a swinging motion that can surge or dip without notification. This confirms the volatile nature of cryptocurrency. El Salvador is one of the countries that has legally adopted BTC as legal tender. However, the first day of implementation of the law in September saw the price of BTC plummet.

On Confidently Misunderstanding Bitcoin: A Response To Steve Hanke

Economist Steve Hanke of Johns Hopkins University is well-known in the Bitcoin community for posting innumerable variations of the same tweet — “Bitcoin is too volatile and has a fundamental value of 0.” (I suspect he still hasn’t read my essay on how to think about Bitcoin’s value.) But in...

Economist Steve Hanke says BTC adoption is a nightmare for El Salvador

Hanke says El Salvador is having a hard time integrating BTC into its economy and financial system. The economist claims Salvadorans have incurred losses after the country embraced BTC as legal tender. According to the BTC basher, El Salvador’s creditworthiness has also suffered a significant blow. Steve Hanke, a renowned...

$1 trillion platinum coin? The U.S. has this little-known option to pay off debt - Steve Hanke

The U.S. Treasury is technically allowed to mint a $1 trillion platinum coin to pay off existing debt. But the question is, would they?. Steve Hanke, professor of Applied Economics at Johns Hopkins University, discusses with David Lin, anchor for Kitco News, the mechanics of how this would work, and whether or not the government would in fact go through with this plan.

Can the U.S. mint a $1 trillion platinum coin to pay off debt? Steve Hanke

Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University. Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.

What an Evergrande collapse means for gold, global growth - Steve Hanke

The ripple effect that the Evergrande crisis in China has on the markets extends beyond the stock markets; the global commodities complex will be impacted as well, said Steve Hanke, professor of applied economics of Johns Hopkins University. “The markets are in turmoil today, mainly because of China and what’s...

Steve Hanke Says BTC’s Fundamental Value is Zero, But Is It?

The US financier urged investors not to deal with bitcoin as it is a “highly speculative asset” that has no fundamental value. The prominent economist – Steve Hanke – once again revealed his negative stance on bitcoin. According to him, the primary cryptocurrency is highly volatile, uncertain, and has a “fundamental value of zero.”