“Bitcoin and the like will quickly fade into financial history, just as tulipmania did, serving solely to remind future generations of the folly of gambling on illusions of value.”
Bert Ely, Professor, University of South Carolina · Bitcoin since: +374%
As published by The Hill
A little perspective.
Bitcoin on that day$16,700December 11, 2017
$100 at that price$474.14At our latest price check
Illustrative value using a Bitcoin price of $79,180, checked Oct 29, 2026, 8:59 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is A Ponzi Scheme, And It Will Collapse Like One” — Bert Ely, The Hill, December 11, 2017. Bitcoin: $16,699.68. https://bitcoindeaths.com/posts/2017-12-11-bitcoin-is-a-ponzi-scheme-and-it-will-collapse-like-one