“The simple truth is that there are virtually no investment strategies that are worse ideas than cryptocurrencies. “Investing” in bitcoin and other cryptocurrencies is pure, unadulterated speculation. I put investing in parentheses because this is not investing, it is speculating. Cryptocurrencies are the “Tulipmania” of the 21st century.”
Robert R. Johnson, Professor · Bitcoin since: +2,048%
As published by CCN
A little perspective.
Bitcoin on that day$3,741December 31, 2018
$100 at that price$2,148At 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.
Keep the receipt.
Bitcoin Is Dead. “No Investment Strategies Are Worse Than Cryptocurrencies” — Robert R. Johnson, CCN, December 31, 2018. Bitcoin: $3,740.5. https://bitcoindeaths.com/posts/2018-12-31-no-investment-strategies-are-worse-than-cryptocurrencies