“BTC has no utility because software developers cannot build platforms and services with the BTC protocol. Therefore, it is not possible to create goods and services with BTC that bring real value to people’s lives and improve the world.”
Patrick Thompson, Journalist · Bitcoin since: +642%
A little perspective.
Bitcoin on that day$9,565June 1, 2020
$100 at that price$741.88At our latest price check
Illustrative value using a Bitcoin price of $70,960, checked Nov 13, 2026, 1:49 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “BTC Has No Utility” — Patrick Thompson, CoinGeek, June 1, 2020. Bitcoin: $9,564.95. https://bitcoindeaths.com/posts/2020-06-01-btc-has-no-utility