{"name":"Bitcoin Is Dead","attribution":"Source: Bitcoin Is Dead (https://bitcoindeaths.com)","totalObituaries":482,"matched":1,"returned":1,"query":{"search":"","year":"","person":"","publication":"","sort":"newest","slug":"2026-02-16-crypto-is-a-victim-of-its-own-success","limit":5},"notes":"statementDate is the original publication date; addedOn is when the record entered this archive. Historical prices are USD snapshots, not investment returns. Inclusion records criticism, not a verdict that every claim is false.","terms":"https://bitcoindeaths.com/terms","documentation":"https://bitcoindeaths.com/data#lookup","records":[{"slug":"2026-02-16-crypto-is-a-victim-of-its-own-success","title":"Crypto Is A Victim Of Its Own Success","quote":"The traditional “fundamental” case for bitcoin has been that because its supply is permanently capped at 21 million coins, it can serve as a hedge against inflation in traditional currencies such as the dollar. But the geopolitical turmoil, economic uncertainty, and drop in the value of the dollar relative to other major currencies in recent months have undermined this case. If bitcoin truly served as a hedge, then its value should have risen sharply. Instead, its value plummeted. That’s because bitcoin is not a hedge: It’s a speculative asset, which is valuable solely because people think it is valuable.","person":"James Surowiecki","jobTitle":"Journalist","publication":"The Atlantic","statementDate":"2026-02-16","bitcoinPriceUsd":68843.16,"addedOn":"2026-02-27","updatedOn":"2026-02-27","citationUrl":"https://bitcoindeaths.com/posts/2026-02-16-crypto-is-a-victim-of-its-own-success","sourceUrl":"https://www.theatlantic.com/ideas/2026/02/crypto-crash-bitcoin-value/685994/","archiveUrl":"https://web.archive.org/web/20260217060835/https://www.theatlantic.com/ideas/2026/02/crypto-crash-bitcoin-value/685994/"}]}