“#Bitcoin’s volatility is its Achilles' heel and the reason it will never serve as a reliable unit of account or currency. Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
Steve Hanke, Economist and Professor, Johns Hopkins University · Bitcoin since: +87%
As published by Twitter
A little perspective.
Bitcoin on that day$43,015September 20, 2021
$100 at that price$186.76At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Steve Hanke appears in 10 recorded obituaries. 39 declarations were recorded in 2021.
Keep the receipt.
Bitcoin Is Dead. “Fundamental Value Of Zero” — Steve Hanke, Twitter, September 20, 2021. Bitcoin: $43,014.72. https://bitcoindeaths.com/posts/2021-09-20-fundamental-value-of-zero