"Bitcoin has no utility"

Published in Twitter on 2019-05-03, "Bitcoin has no utility" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $5,776 at the time of publication. Bitcoin briefly surged back to $13,000 before retreating to around $7,000, leaving many skeptics unswayed.