"Bitcoin = A Highly Speculative Asset With Zero Fundamental Value"
BTC_AT_TIME $106,541
Published in X (Twitter) on 2025-11-04, "Bitcoin = A Highly Speculative Asset With Zero Fundamental 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 $106,541 at the time of publication. Bitcoin surged past $100,000 amid growing sovereign and institutional adoption.