Former MLB star Jose Canseco tweeted about Bitcoin and essentially got everything wrong about the world’s foremost cryptocurrency.

In our celebrity-mad culture, people often listen to the musings given by actors, musicians, and athletes. The opinions stated are often treated as gospel, but in reality, they are often wrong or misguided. The confidence of being a celebrity often results in ignorance about a chosen topic, and ex-major league baseball player Jose Canseco is proof of this. In a recent tweet, he got everything wrong about Bitcoin.

Bitcoin Down the Center … Strike!

A few days ago, Jose Canseco decided to tweet about Bitcoin, and it was a hoot. The tweet said, “Stay away from Bitcoin it has the same structure as any pyramid scheme but controlled by one individual.”

Stay away from Bitcoin it has the same structure as any pyramid scheme but controlled by one individual — Jose Canseco (@JoseCanseco) February 12, 2019

It’s amazing to see so much wrong compacted in such a short space of words. First, it’s absurd to say that Bitcoin has the same structure as a pyramid scheme. This is the usual FUD thrown at BTC by those who wish to discount cryptocurrencies entirely. They always spout the nonsense that the only value in a given cryptocurrency is finding another sucker willing to pay you more than what you bought the crypto for. The reality is that crypto has value because people agree it has value, just like any other means of exchange.

Jose Canseco Strikes Out

The bit about Bitcoin being controlled by one individual is breathtaking in its ignorance. One must assume that Canseco thinks some kind of Illuminati is behind BTC, probably complete with awesome villain lair and faithful minions.

Stay away from Bitcoin it will go up 8% then rapidly drop 33% — Jose Canseco (@JoseCanseco) February 14, 2019

Canseco later tweeted again about Bitcoin, saying, “Stay away from Bitcoin it will go up 8% then rapidly drop 33%.”

It’s both funny and sad to see where Jose Canseco’s mind is going these days. He was one of the most powerful hitters in baseball back in his playing days, although he admitted to using anabolic steroids. Since his retirement, he has been involved in a number of legal issues, such as hitting one wife and ramming his car into another wife’s car.

Come spend the day with me and my alien Buddies I'll show you Bigfoot and a real alien call Morgan at 702-374-3735 — Jose Canseco (@JoseCanseco) February 12, 2019

Now his Twitter feed is a smorgasbord of craziness as he is now offering a Bigfoot and alien excursion for $5,000 a person where he’ll show you a real alien and Bigfoot. You can also play golf with him to learn about aliens and time travel. I don’t know about you, but if I had the ability to travel in time, I would go back to when bitcoins were only 8 cents each in 2010 and buy as many as I could and sell them for almost $20,000 in mid-December 2017.

What do you think about Jose Canseco and his opinions on Bitcoin? Let us know in the comments below.

Images courtesy of Twitter/@JoseCanseco and Wikimedia Commons/@Bryan Horowitz.