"Bitcoin Is On The Road To Irrelevance"

Published in European Central Bank on 2022-11-30, "Bitcoin Is On The Road To Irrelevance" 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 $17,169 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.