"Why Bitcoin Is A Ponzi Scheme"

Published in Dailydot on 2015-01-12, "Why Bitcoin Is A Ponzi Scheme" declared Bitcoin dead or fundamentally doomed. The piece characterised Bitcoin as a fraudulent scheme with no underlying value, arguing it would inevitably collapse once new buyers dried up. Bitcoin was trading at $267 at the time of publication. Bitcoin continued to slide in a prolonged bear market, trading between $200 and $300 with waning media coverage.