"Bitcoin Revealed: A Ponzi Scheme For Redistributing Wealth From One Libertarian To Another"

Published in Washington Post on 2015-01-14, "Bitcoin Revealed: A Ponzi Scheme For Redistributing Wealth From One Libertarian To Another" 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 $177 at the time of publication. Bitcoin continued to slide in a prolonged bear market, trading between $200 and $300 with waning media coverage.