“It’s not clear what Bitcoin is or what it will be, but it is clear what it’s not. It’s not a currency. People don’t set prices in Bitcoin and, for the most part, don’t buy things with it either…. In the meantime, though, Bitcoin is still a little bit of a Ponzi—or is it a pyramid?—scheme that its libertarian early adopters are trying to cash in on.”
Matt O'Brien, Economics Reporter, The Washington Post · Bitcoin since: +32,957%
As published by The Washington Post
Bitcoin Isn’t The Future Of Money — It’s Either A Ponzi Scheme Or A Pyramid Scheme ↗
A little perspective.
Bitcoin on that day$228.65June 8, 2015
$100 at that price$33,057At our latest price check
Illustrative value using a Bitcoin price of $75,585, checked Nov 6, 2026, 8:41 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Matt O'Brien appears in 3 recorded obituaries. 29 declarations were recorded in 2015.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Isn’t The Future Of Money — It’s Either A Ponzi Scheme Or A Pyramid Scheme” — Matt O'Brien, The Washington Post, June 8, 2015. Bitcoin: $228.65. https://bitcoindeaths.com/posts/2015-06-08-bitcoin-isnt-the-future-of-money-its-either-a-ponzi-scheme-or-a-pyramid-scheme