“Cryptocurrencies… Their value depends entirely on self-fulfilling expectations — which means that total collapse is a real possibility. If speculators were to have a collective moment of doubt, suddenly fearing that Bitcoins were worthless, well, Bitcoins would become worthless.”
Paul Krugman, Economist · Bitcoin since: +940%
A little perspective.
Bitcoin on that day$7,727July 31, 2018
$100 at that price$1,040At 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. “Why I’m A Crypto Skeptic” — Paul Krugman, NYTimes, July 31, 2018. Bitcoin: $7,726.89. https://bitcoindeaths.com/posts/2018-07-31-why-im-a-crypto-skeptic