"It’s not digital gold — it’s digital Benjamins."

"It goes way up, it goes way down. It is very far from being a safe investment."

"Crypto and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history. The overall losses when the bubble finally pops will be staggering."

"Individuals who invest in Bitcoin blindly place their trust in an anonymous individual they do not know and a technology they do not understand. The US dollar says, “In God we trust,” because Americans trust only God blindly. Every participant in America’s brand of free market capitalism is untrusted and subject to public checks and balances. Everyone in our free-market democracy must publicly answer to government regulators, except Satoshi Nakamoto. Bitcoin has no utility and is merely spreadsheet money. Bitcoin is not a currency and still cannot be used to buy goods and services. It is a poor investment because it trades in a manipulated market. Bitcoin will eventually go to zero."

"The rise of alternative coins, offering unique features and higher potential returns, leads many to explore them. Bitcoin doesn't have the potential it had in the early days. There is still significant value and influence, but no more old glory and enormous returns."

"As if to put the final nail in the coffin, as if to bury once and for all any hopes of using cryptocurrencies as ‘digital gold,’ bitcoin dropped by 15 percent. It seems less like digital gold than a digital slot machine."

"It will probably go above the all-time high but in the long run its value will be zero because there is no intrinsic value in bitcoin whatsoever. It’s simply a speculative asset."

"I’m calling the bitcoin top. It happened in October 2021 at the peak of the money printing. It’s over now. The next round of inflation will pour into real money, not nonexistent derivatives. We are headed to the End Game with the next inflation round. Bitcoin is dead."

"AMBCrypto reported earlier that BTC may witness a short-term price correction as there was a movement of coins from long-term holders (LTHs) to short-term holders (STHs). The token’s Binary CDD continued to remain red, meaning that long-term holders’ movements in the last seven days were higher than average. Its aSORP was also red. This suggested that more investors were selling at a profit. In the middle of a bull market, it can indicate a market top."

"For disciples, the formal approval confirms that Bitcoin investments are safe and the preceding rally is proof of an unstoppable triumph. We disagree with both claims and reiterate that the fair value of Bitcoin is still zero."