"Bitcoin is a Ponzi Scheme"
BTC_AT_TIME $32,127
Published in Unicamp on 2021-01-02, "Bitcoin is a Ponzi 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 $32,127 at the time of publication. Bitcoin reached all-time highs above $60,000 twice, fuelled by institutional adoption and the NFT boom.