"It Has No Intrinsic Value"
BTC_AT_TIME $8,768
Published in U on 2020-03-04, "It Has No Intrinsic Value" 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 $8,768 at the time of publication. Bitcoin weathered a COVID-driven March crash before surging to new highs near $30,000 by year-end.