“Bitcoins are a digital Ponzi scheme, not a digital cryptocurrency. Investors would be wise to steer clear of bitcoins and any other digital currencies.”
Ben Strubel, Wealth Manager · Bitcoin since: +19,067%
As published by Seeking Alpha
A little perspective.
Bitcoin on that day$404.55March 6, 2016
$100 at that price$19,167At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 2:46 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Dumb Investment Of The Week: Bitcoin Investment Trust” — Ben Strubel, Seeking Alpha, March 6, 2016. Bitcoin: $404.55. https://bitcoindeaths.com/posts/2016-03-06-dumb-investment-of-the-week-bitcoin-investment-trust