"Bitcoin Isn’t The Future Of Money — It’s Either A Ponzi Scheme Or A Pyramid Scheme"

Published in Washington Post on 2015-06-08, "Bitcoin Isn’t The Future Of Money — It’s Either A Ponzi Scheme Or A Pyramid 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 $229 at the time of publication. Bitcoin continued to slide in a prolonged bear market, trading between $200 and $300 with waning media coverage.