“Cryptocurrencies don’t belong in your portfolio. The reason is you can’t value them. An asset that doesn’t pay even a notional stream of cashflows — like bonds, which pay interest, or shares, which pay dividends, or property, which provides rental income — is just a gamble. By all means engage in it, like punting on a roulette wheel, for recreation, but be prepared to lose your entire stake.”
Oliver Kamm, Columnist, The Times · Bitcoin since: +520%
As published by The Times
A little perspective.
Bitcoin on that day$12,940October 23, 2020
$100 at that price$619.70At our latest price check
Illustrative value using a Bitcoin price of $80,190, checked Oct 29, 2026, 6:19 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Cryptocurrencies Are A Fad Best Avoided” — Oliver Kamm, The Times, October 23, 2020. Bitcoin: $12,940.11. https://bitcoindeaths.com/posts/2020-10-23-cryptocurrencies-are-a-fad-best-avoided