“I use the term “worth” cautiously because bitcoin is really worth nothing, since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something. Got it! Ponzi scheme. Confidence game. Fraud.”
John Crudele, Columnist · Bitcoin since: +1,120%
As published by NYPost
A little perspective.
Bitcoin on that day$6,585July 4, 2018
$100 at that price$1,220At 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.
John Crudele appears in 4 recorded obituaries. 74 declarations were recorded in 2018.
Keep the receipt.
Bitcoin Is Dead. “Why Bitcoin May Soon Be Worth Nothing” — John Crudele, NYPost, July 4, 2018. Bitcoin: $6,584.77. https://bitcoindeaths.com/posts/2018-07-04-why-bitcoin-may-soon-be-worth-nothing