"Bitcoin Is A Failed Experiment"
BTC_AT_TIME $19,414
Published in Twitter on 2022-09-22, "Bitcoin Is A Failed Experiment" 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 $19,414 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.