Interactive Debinar: Will Technology Dominate Finance? Oct 30th 9am EST
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Interactive Debinar: Will Technology Dominate Finance? - Oct 30th 9am EST
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A self-proclaimed "crypto-genius" who has been described as “the face of “Bitcoin,” Altucher encourages his followers to invest in cryptocurrencies and risky small-cap stocks. And he certainly didn’t deviate from this standard message during a recent debate in a New York City comedy club.

In the eyes of many, this club was an ideal venue for a debate that might be readily labeled as a comedic farce. As Wired contributor Erin Griffith put it, the debate topic (Is gold or Bitcoin the better investment?) simply offered Altucher and his “opponent” James Rickards an opportunity to hook more poor souls in search of a quick buck. Griffith goes on to question Altucher’s carefully cultivated appearance and slick, catchphrase-laden pitches, adding “tonight, it’s just a room full of New Yorkers, but online the supply of suckers is infinite.

In fact, Altucher and Rickards agree with one another shortly after taking the stage: Both paper money and banks are universally bad, and alternative investments are certainly worth their considerable risk. Calling economics “boring” and technology “even worse,” Altucher was light on facts during the debate but, in Griffith’s opinion, heavy on buzzwords that connect to pat narrative arcs and get-rich-quick schemes.

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