“I feel safe saying that, when history looks back in hindsight, it will see crypto as a gargantuan bubble that — as capitalism always does — wiped out the finances of tons of small people who could not afford to be wiped out, and left the rich mostly intact, all because it was able to convince regular people to believe that this time was different. The delusion that salvation from capitalism can be found in new, more clever capitalism is incredibly seductive, and always wrong. Let’s hope that we snap out of it before it’s too late.”
Hamilton Nolan, Labor Writer, In These Times · Bitcoin since: +75%
As published by In These Times
A little perspective.
Bitcoin on that day$45,837January 4, 2022
$100 at that price$175.26At 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.
Hamilton Nolan appears in 3 recorded obituaries. 27 declarations were recorded in 2022.
Keep the receipt.
Bitcoin Is Dead. “The Ticking Bomb Of Crypto Fascism” — Hamilton Nolan, In These Times, January 4, 2022. Bitcoin: $45,837.33. https://bitcoindeaths.com/posts/2022-01-04-the-ticking-bomb-of-crypto-fascism