“So to recap: Bitcoin has swung from $265 to $60 in less than a week. Useless as a store of value, seriously broken as even a txn currency.”
David Heinemeier Hansson, Creator of Ruby on Rails, Founder & CTO at Basecamp & HEY · Bitcoin since: +99,740%
As published by Twitter
A little perspective.
Bitcoin on that day$68.36April 16, 2013
$100 at that price$99,840At our latest price check
Illustrative value using a Bitcoin price of $68,251, checked Nov 14, 2026, 1:10 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Useless As A Store Of Value” — David Heinemeier Hansson, Twitter, April 16, 2013. Bitcoin: $68.36. https://bitcoindeaths.com/posts/2013-04-16-useless-as-a-store-of-value