“Bitcoin is up 6% to its yearly high of around $6,000. Don’t be fooled, a 6% uptick is nothing after its huge plunge. Bitcoin is unreliable and susceptible to fraud, it is not a currency, but nothing more than a highly-speculative asset”
Steve Hanke, Economist and Professor, Johns Hopkins University · Bitcoin since: +1,226%
As published by Twitter
A little perspective.
Bitcoin on that day$5,876May 4, 2019
$100 at that price$1,326At 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.
Steve Hanke appears in 10 recorded obituaries. 40 declarations were recorded in 2019.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is Unreliable And Susceptible To Fraud” — Steve Hanke, Twitter, May 4, 2019. Bitcoin: $5,876.01. https://bitcoindeaths.com/posts/2019-05-04-bitcoin-is-unreliable-and-susceptible-to-fraud