"Cryptocurrency and Blockchain: Explaining the Fraud in Four Slides"
BTC_AT_TIME $7,042
Published in Twitter on 2018-04-01, "Cryptocurrency and Blockchain: Explaining the Fraud in Four Slides" 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 $7,042 at the time of publication. Bitcoin crashed more than 80% from its late 2017 peak, with critics pointing to the burst of the speculative bubble.