Road to Irrelevance (Last Gasp of BTC)

It is December 2022. One year ago, Bitcoin was traded around 4 times higher the current price. Times have been rough. This is not the first time Bitcoin goes through a major retrace. And every time it does, Bitcoin is declared to be a Ponzi Scheme, a mistake, a dying asset. We, as those who have been associated with the cryptocurrency, heard such claims numerous times. The latest of such comments came from European Central Bank. Authors Ulrich Bindseil and Jürgen Schaaf published a blog post on ECB's website called "Bitcoin's Last Stand". An excerpt from the post: "The value of bitcoin peaked at USD 69,000 in November 2021 before falling to USD 17,000 by mid-June 2022. Since then, the v...View all