“So here’s my short answer. No, I don’t feel silly, but vindicated. If the recent run-up in bitcoin price proves anything, it’s that the virtual currency is still a dumb investment.”
Michael Hiltzik, Columnist, LA Times · Bitcoin since: +1,717%
As published by LA Times
Bitcoin's Price Hit $5,000 Last Week. It's Still A Dumb Investment ↗
A little perspective.
Bitcoin on that day$4,422September 5, 2017
$100 at that price$1,817At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin's Price Hit $5,000 Last Week. It's Still A Dumb Investment” — Michael Hiltzik, LA Times, September 5, 2017. Bitcoin: $4,422.12. https://bitcoindeaths.com/posts/2017-09-05-bitcoins-price-hit-5000-last-week-its-still-a-dumb-investment