"Bitcoin Proves How Stupid It Is"

Published in Washington Post on 2024-08-08, "Bitcoin Proves How Stupid It Is" 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 $62,674 at the time of publication. Bitcoin hit new all-time highs above $70,000 following the approval of spot Bitcoin ETFs in the US.