"Bitcoin Heading To Zero, Says China State Media Amid Global Crypto Downturn"
BTC_AT_TIME $21,232
Published in Business-standard on 2022-06-25, "Bitcoin Heading To Zero, Says China State Media Amid Global Crypto Downturn" declared Bitcoin dead or fundamentally doomed. The piece argued Bitcoin was heading to zero, citing the absence of intrinsic value and the impossibility of sustaining its price without underlying fundamentals. Bitcoin was trading at $21,232 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.