"Virtual Currency Is A Ponzi Scheme"
BTC_AT_TIME $21,027
Published in Forbes on 2022-06-26, "Virtual Currency Is A Ponzi Scheme" 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 $21,027 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.