Is Bitcoin a scam run by the energy utility monopolies? 1% of the world's power is used just to mine Bitcoins. Trump says it's a scam. Elon has condemned the waste. If Bitcoin crashes to $0, the only ones who come out ahead (besides lucky traders) are the energy companies.
(www.thebalance.com)
Speculation
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It's a scam alright but a complicated one.
Its purpose is to popularize digital money, in preparation of the universal digital shekel and it's also a small way to clean the books.
By cleaning the books I mean when it reaches a value of zero after it has reached a million, it will be a nice way to eliminate some trillion dollars or whatever amount off the monetary system which was inflated with printing excess money and additionally buy up real assets and properties with that money at some point.