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DUCKBURG — Scrooge McDuck, the iconic miser and cold-hearted businessfowl, made headlines last Thursday by publicly denouncing Bitcoin as nothing more than “smoke and fun-house mirrors, a real fool’s errand.”
In a statement released through his company, McDuck Enterprises, the affluent mallard expressed his skepticism towards Bitcoin in light of the recent “hubbub” surrounding it and other digital currencies, stating, “True wealth lies in tangible assets, such as gold and property, and more gold and more property to hold all of that gold, and a wee bit of cash for liquidity, not in imaginary computer money with a cartoon name and faceless author. What’s more, how am I supposed to dive into something that isn’t even real?”
Despite the growing popularity and adoption of Bitcoin among mainstream investors sparked by the recent introduction of several Bitcoin ETFs, Scrooge McDuck remains steadfast in his belief that true wealth is built through frugality, avoiding mistakes, and making money the old-fashioned way: by earning it. That and you don't need to wear pants to be a global business magnate.
McDuck's outspoken criticism of Bitcoin as being “modern-day alchemy” has sparked debates across the financial sector and crypto Twitter alike, with some viewing his comments as a relic of traditional wealth preservation methods, while others, such as MicroStrategy’s Michael Saylor, applauding his skepticism stating, “Good. More for me.”
McDuck was unavailable for comment; however, McDuck's pilot Launchpad McQuack remarked in a subsequent interview, "If it's dangerous, count me in! Adventure's my middle name... well, not really, but it should be!", though it remains unclear if the topic of conversation was indeed Bitcoin despite being prompted with an unambiguous "What is your opinion on Bitcoin?"
Although it was not surprising that McDuck denounced Bitcoin, what was unexpected was that his statement garnered headlines. animated opinion on wealth and how to store it, it's uncertain whether his stance will influence others or simply become a footnote in Bitcoin's ongoing saga.
However, one thing remains crystal clear: Every day they're out there making DuckTales! (Woo-oo!)
Bitcoin 100% ignored the news.
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