"Letter in Support of Responsible Fintech Policy"

Published in Concerned on 2022-06-01, "Letter in Support of Responsible Fintech Policy" 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 $31,452 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.