“Bitcoin, by contrast, has no intrinsic value at all. Combine that lack of a tether to reality with the very limited extent to which bitcoin is used for anything, and you have an asset whose price is almost purely speculative, and hence incredibly volatile.”
Paul Krugman, Economist · Bitcoin since: +701%
As published by Seattle Times
A little perspective.
Bitcoin on that day$10,035January 30, 2018
$100 at that price$800.55At 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.
Paul Krugman appears in 6 recorded obituaries. 74 declarations were recorded in 2018.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is Basically A Ponzi Scheme” — Paul Krugman, Seattle Times, January 30, 2018. Bitcoin: $10,035. https://bitcoindeaths.com/posts/2018-01-30-bitcoin-is-basically-a-ponzi-scheme