"Crypto Has ‘No Intrinsic Value’ And ‘No Useful Social Purpose,’ Say Lawmakers"

Published in The Next Web on 2023-05-17, "Crypto Has ‘No Intrinsic Value’ And ‘No Useful Social Purpose,’ Say Lawmakers" declared Bitcoin dead or fundamentally doomed. The piece argued that regulatory intervention was inevitable and would prove fatal, pointing to government crackdowns or proposed legislation. Bitcoin was trading at $27,399 at the time of publication. Bitcoin began recovering from 2022 lows, climbing from $16,000 back toward $45,000 by year-end.