"Useless As A Store Of Value"
BTC_AT_TIME $68
Published in Twitter on 2013-04-16, "Useless As A Store Of Value" declared Bitcoin dead or fundamentally doomed. The piece challenged Bitcoin's narrative as a store of value or digital gold, arguing it lacked the stability and track record needed for that role. Bitcoin was trading at $68 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.