"Bitcoin Is Just a Crappy Tech Stock Now"
BTC_AT_TIME $36,703
Published in Slate on 2022-01-24, "Bitcoin Is Just a Crappy Tech Stock Now" 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 $36,703 at the time of publication. Bitcoin fell sharply amid interest rate hikes and the spectacular collapse of the FTX exchange and the Terra/Luna ecosystem.