"Bitcoin Looks Like a Faded Fad as Fed Goes All In on Rate Hikes"

Published in Bloomberg on 2022-09-19, "Bitcoin Looks Like a Faded Fad as Fed Goes All In on Rate Hikes" 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 $19,419 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.