"Prior Speculative Gains Don't Qualify Bitcoin As A Store Of Value"
BTC_AT_TIME $117,924
Published in X (Twitter) on 2025-07-28, "Prior Speculative Gains Don't Qualify Bitcoin As A Store Of Value" declared Bitcoin dead or fundamentally doomed. The piece drew parallels to historical speculative manias, arguing that Bitcoin's price was entirely disconnected from any fundamental value. Bitcoin was trading at $117,924 at the time of publication. Bitcoin surged past $100,000 amid growing sovereign and institutional adoption.