"Bitcoin's Candle Will Soon Blow Out"
BTC_AT_TIME $40,559
Published in Twitter on 2022-02-17, "Bitcoin's Candle Will Soon Blow Out" 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 $40,559 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.