"Bitcoin Ponzi House Of Cards Is Collapsing"
BTC_AT_TIME $19,018
Published in Twitter on 2022-06-18, "Bitcoin Ponzi House Of Cards Is Collapsing" 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 $19,018 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.