THE CRYPTO CON

Is Bitcoin a Bubble? Is Tether a Scam? Will All Cryptocurrency Eventually Default to Zero? The Simple Answer Is Yes, Most Definitely



Don’t Invest In What You Don’t Understand

The Crypto Con
The Crypto Con By Andrew Brassell
If you want to be the smartest person in the room when debating why not to invest in cryptocurrency, The Crypto Con is for you. The goal of The Crypto Con is to explain to readers in simple terms how no form of cryptocurrency has—or can ever have—true intrinsic value.

The Crypto Con isn’t just a Bitcoin takedown; it’s a survival guide for the next wave of investors eyeing Bitcoin, altcoins, and DeFi tokens in 2026, at a time when investing in digital air is about to become more high-risk than ever.

Unlike any other anti-cryptocurrency book on the market, The Crypto Con also warns readers about the likely direction in which cryptocurrency has always been quietly steering humanity socio-economically. The popping of the Bitcoin bubble will happen. It’s designed to happen. The only question is: what do legacy central banks have planned for what happens after the Bitcoin bubble pops?

If you believe in so-called power laws, Bitcoin isn’t just digital cash. Despite Bitcoin bubble warnings from hedge fund managers like Michael Burry, predictor of the 2008 financial crisis, Bitcoin isn’t just a form of cryptocurrency—it’s an unstoppable force of nature.

Apparently, power laws prove that Bitcoin will appreciate in value until the heat death of the known universe. In reality, nothing could be further from the truth. That’s just Tulip Bulb mania.

The Crypto Con brutally proves that the Bitcoin we know today is the very antithesis of Satoshi Nakamoto’s original vision for cryptocurrency. Andrew Brassell even goes so far as to completely destroy the fairy tale of the official Bitcoin origin story. In the process, he puts a spotlight on the very real possibility that Bitcoin was created by none other than the U.S. National Security Agency.

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    Jeffrey Epstein Was a Chief Funder of Bitcoin Core – Dan Peña was Right

    In my book The Crypto Con, I spent much of 2025 attempting to expose how the true origins of Bitcoin differ wildly from the mythic Satoshi Nakamoto origin story with which most people are familiar. Furthermore, I argue that Bitcoin has become the complete antithesis of the digital currency Satoshi Nakamoto originally envisaged. One which was also protected by powerful entities in its earliest years, with the cryptocurrency likely being masterminded all along by none other than the United States National Security Agency (NSA).

    As of December 2025, it seems that I wasn’t just right. Rather, the rabbit hole that is the true origins of Bitcoin goes even deeper and takes a few more altogether macabre twists than even I initially imagined it might. Without further ado, please welcome to the Bitcoin true-origin stage none other than Jeffrey Epstein.

    Made a Mint From Bitcoin? If So, Thank Jeffrey Epstein

    If I’d told you this time last year that if you’ve made a mint from Bitcoin, you have the disgraced financier Jeffrey Epstein to thank, you likely would have died laughing. However, as absurd as the allegation sounds, it is now a verifiable fact. First, though, it is necessary to take a quick deep dive into how Bitcoin governance works.

    In the beginning, the core developer of Bitcoin was the most enigmatic and elusive person on the planet. We are talking, of course, about Bitcoin’s creator, Satoshi Nakamoto.

    Nakamoto single-handedly wrote the entire Bitcoin codebase. Bitcoin’s design was to be fully open-source, with a decentralized network of Bitcoin miners and transaction node operators responsible for the day-to-day functionality of Bitcoin. However, only Satoshi himself could make changes to the core code underpinning Bitcoin’s security and basic transaction rules.

    In many ways, Satoshi Nakamoto served Bitcoin in the same way that Linus Torvalds, the creator of Linux, serves the Linux community. Linux, like Bitcoin, is fully open-source. However, only Linus—like Satoshi—has the final say over what new code is ever added to the Linux core kernel.

    No Money – No Code: How Jeffrey Epstein Saved Bitcoin as We Know It

    As anyone with a basic understanding of cryptocurrency history knows, Satoshi Nakamoto disappeared completely in April 2011. Rather than leave a power vacuum in his wake, Satoshi delegated maintenance and ongoing development of Bitcoin Core (Bitcoin’s core software) to one Gavin Andresen.

    Gavin was one of the very first contributors to BitcoinTalk, an online forum which Satoshi Nakamoto used to lure fellow cryptographers to the initial Bitcoin project. Gavin was so trusted in the early Bitcoin community that shortly after Satoshi’s disappearance, he would go on to satisfy an official briefing request from the CIA during which he explained to the CIA what Bitcoin actually was.

    Shortly afterward, Andresen would also establish The Bitcoin Foundation. The purpose of the foundation was to fund ongoing development of Bitcoin’s core software. After all, bleeding-edge software development talent doesn’t pay for itself. However, in April 2015, The Bitcoin Foundation went bankrupt.

    At the time, Gavin Andresen was one of five core developers considered fundamental to the future of Bitcoin. Now, though, no one—not even Andresen—was actually being paid for the trouble, and this presented a problem.

    Gavin Andresen represented a physical bridge to Satoshi Nakamoto. People trusted him and the people he delegated to lead Bitcoin. However, with the demise of The Bitcoin Foundation, Bitcoin’s core developers were essentially up for hire by the highest bidder. This could conceivably see nefarious private corporations or individuals with values antithetical to those of Satoshi Nakamoto wrest control of Bitcoin just as the fledgling cryptocurrency was starting to hit major mainstream adoption milestones.

    Enter Epstein and The MIT Media Lab

    The Massachusetts Institute of Technology (MIT) Media Lab is world-renowned when it comes to the development of bleeding-edge new multi-disciplinary technologies. However, the MIT Media Lab isn’t itself a magic money machine that can finance every project under its umbrella. The MIT Media Lab therefore depends on private donations and grants to finance many of the projects under its wing.

    First accused of sexual impropriety with a minor in 2005, Jeffrey Epstein in 2015 was already disqualified from being a donor to MIT Media Lab projects. However, despite being disgraced, Epstein still routinely rubbed shoulders with some of the biggest names in big tech connected with several MIT projects.

    Thanks to Epstein’s inclusion in the literary agent John Brockman’s pet project, “The Edge” mailing list and this list’s annual dinner event (one at which everyone from Elon Musk to Jeff Bezos and Larry Page would rub shoulders), Jeffrey Epstein still had influence over projects under MIT’s wing and beyond.

    Joichi (Joi) Ito, Director of the Massachusetts Institute of Technology (MIT) Media Lab, was himself a friend of Epstein via John Brockman’s “The Edge” mailing list and associated annual dinners. It is now also confirmed that Ito himself reached out to Epstein just as Bitcoin’s core development team were about to become the property of the highest bidder on the market.

    In an email explaining the situation to Epstein, Ito states the following:

    “The way that Bitcoin is organized currently is that there are five core developers and around a hundred contributors to the core code. The five core developers are like Linus Torvalds of Linux. They decide what changes are made to the core code. One of the five is the lead developer, Wladimir, and one is the Chief Scientist, Gavin.”

    “Gavin, Wladimir and Cory (an important contributing developer) were being paid out of a non-profit organization called the Bitcoin Foundation. A few weeks ago, it ‘blew up’ when one of the board members declared the foundation ‘bankrupt.’”

    “Many organizations scrambled to step into the vacuum created by the foundation and ‘take control’ of the developers. We moved quickly talking to all of the various stakeholders and the three developers decided to join the Media Lab. This is a big win for us.”

    Let’s Be Clear About What’s Happening Here

    In my book The Crypto Con, I go to lengths to try and explain often complicated cryptocurrency jargon in simple, easy-to-understand layman’s terms. With this in mind, what you are seeing here is simple.

    We have the world’s first true cryptocurrency, which advocates at the time are promoting as completely decentralized and ungovernable by any central authority or third party. However, behind the scenes, we have the Massachusetts Institute of Technology suddenly in a state of panic over who or whom might step in to wrest financial control over Bitcoin’s core development team now that The Bitcoin Foundation has gone bankrupt. We subsequently see none other than MIT Media Lab Director Joichi Ito reach out to Jeffrey Epstein (despite knowing that Epstein is prohibited from financing MIT projects) to request the equivalent of a financial rescue package for Bitcoin.

    Just ten days later, we see a follow-up email from Joichi Ito to Epstein, thanking the latter for already received “gift funds,” which MIT’s Media Lab was quick to use to create what it calls the Digital Currency Initiative. This being a new entity which will fund Bitcoin Core development led by Gavin Andresen into the foreseeable future.

    “Used gift funds to underwrite this which allowed us to move quickly and win this round. Thanks.”

    Dan Peña Predicted This Happening Years Ago

    For several years, the entrepreneur and infamously outspoken business coach Dan Peña has repeatedly warned that if the general public knew who really created Bitcoin, it would cause panic selling among Bitcoin investors. Peña also warns that the sole long-term purpose of Bitcoin and cryptocurrency is to destabilize the economy as we know it.

    While it would be absurd to allude to Jeffrey Epstein as the possible creator of Bitcoin, it is now an established fact that Bitcoin’s development throughout the crucial years of 2015–2017 was almost wholly funded by Epstein. This was despite Epstein already being disgraced for soliciting minors and subsequently blacklisted as an official MIT donor.

    Epstein’s involvement in helping finance Bitcoin also bolsters the core argument of my 2025 book, The Crypto Con. This being that Bitcoin and the cryptocurrency movement have likely always been part of a covert intelligence agency psychological operation to slowly condition Western society to be accepting of a soon-coming, completely cashless future.

    As I state clearly in The Crypto Con, everything you think you know about Bitcoin is wrong. This being the case, if you want to be the smartest person in the room when debating why not to invest in cryptocurrency, click here to find out now.