“Bitcoin has no intrinsic value as an asset. Never had. It yields no cash, generates no income and serves no useful legal purpose. It is most useful for money-laundering. If you need to get your money out of the country, fast, bitcoin is a pretty good way to do it.”
Brett Arends, Financial Journalist · Bitcoin since: +498%
As published by MarketWatch
A little perspective.
Bitcoin on that day$11,171June 27, 2019
$100 at that price$598.05At our latest price check
Illustrative value using a Bitcoin price of $66,807, checked Nov 14, 2026, 4:12 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Brett Arends appears in 4 recorded obituaries. 40 declarations were recorded in 2019.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin’s Crash Hurts The Latecomers Once Again” — Brett Arends, MarketWatch, June 27, 2019. Bitcoin: $11,170.89. https://bitcoindeaths.com/posts/2019-06-27-bitcoins-crash-hurts-the-latecomers-once-again