“Bitcoin has become a Ponzi scheme for redistributing wealth from one libertarian to another. Actually, I would like to amend that a little bit: Bitcoin has now graduated to being a Ponzi scheme for redistributing wealth from one person to another.”
Matt O'Brien, Economics Reporter, The Washington Post · Bitcoin since: +365%
As published by The Washington Post
A little perspective.
Bitcoin on that day$17,178December 12, 2017
$100 at that price$465.28At our latest price check
Illustrative value using a Bitcoin price of $79,927, checked Oct 29, 2026, 7:00 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. 93 declarations were recorded in 2017.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is The Most Perfect Bubble Possible” — Matt O'Brien, The Washington Post, December 12, 2017. Bitcoin: $17,178.1. https://bitcoindeaths.com/posts/2017-12-12-bitcoin-is-the-most-perfect-bubble-possible