“Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.”
Eric Posner, Professor, University of Chicago Law School · Bitcoin since: +61,983%
A little perspective.
Bitcoin on that day$124.90April 11, 2013
$100 at that price$62,083At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 5:33 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Fool's Gold” — Eric Posner, Slate, April 11, 2013. Bitcoin: $124.9. https://bitcoindeaths.com/posts/2013-04-11-fools-gold