“Bitcoin investors seem to be relying on the greater fool theory — all you need to profit from an investment is to find someone willing to buy the asset at an even higher price.”
Eswar Prasad, Professor, Cornell University · Bitcoin since: +67%
As published by The New York Times
A little perspective.
Bitcoin on that day$40,161June 15, 2021
$100 at that price$166.94At our latest price check
Illustrative value using a Bitcoin price of $67,044, checked Nov 14, 2026, 8:00 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Eswar Prasad appears in 2 recorded obituaries. 39 declarations were recorded in 2021.
Keep the receipt.
Bitcoin Is Dead. “The Brutal Truth About Bitcoin” — Eswar Prasad, The New York Times, June 15, 2021. Bitcoin: $40,160.73. https://bitcoindeaths.com/posts/2021-06-15-the-brutal-truth-about-bitcoin