"ETF Approval For Bitcoin – The Naked Emperor’S New Clothes"

Published in European Central Bank on 2024-02-22, "ETF Approval For Bitcoin – The Naked Emperor’S New Clothes" 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 $51,303 at the time of publication. Bitcoin hit new all-time highs above $70,000 following the approval of spot Bitcoin ETFs in the US.