"The Crypto Con – Why Bitcoin Is Nothing But A Ponzi Scheme"
BTC_AT_TIME $57,835
Published in Capx on 2021-11-29, "The Crypto Con – Why Bitcoin Is Nothing But 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 $57,835 at the time of publication. Bitcoin reached all-time highs above $60,000 twice, fuelled by institutional adoption and the NFT boom.