“It’s a matter of when, not if, the Bitcoin bubble will pop, according to Allianz Global Investors. “In our view, its intrinsic value must be zero,” Stefan Hofrichter, the company’s head of global economics and strategy, wrote in a recent web post. “A bitcoin is a claim on nobody – in contrast to, for instance, sovereign bonds, equities or paper money – and it does not generate any income stream.”
Stefan Hofrichter, Researcher · Bitcoin since: +851%
As published by Bloomberg
Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says ↗
A little perspective.
Bitcoin on that day$8,197March 14, 2018
$100 at that price$950.51At our latest price check
Illustrative value using a Bitcoin price of $77,912, checked Oct 30, 2026, 12:13 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says” — Stefan Hofrichter, Bloomberg, March 14, 2018. Bitcoin: $8,196.9. https://bitcoindeaths.com/posts/2018-03-14-bitcoin-is-worthless-bubble-may-pop-soon-allianz-global-says