“Crypto assets are no different from a classic Ponzi scheme where a steady stream of new entrants pays off the older members. It all depends on greater fools joining the rush to participate because prices are rising. Today, the greater fool is wondering whether to buy Tesla and Ethereum.”
Bill Blain, Market Strategist, Shard Capital · Bitcoin since: +46%
As published by Financial Times
A little perspective.
Bitcoin on that day$46,319March 31, 2022
$100 at that price$145.50At our latest price check
Illustrative value using a Bitcoin price of $67,395, checked Nov 14, 2026, 3:28 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Bill Blain appears in 3 recorded obituaries. 27 declarations were recorded in 2022.
Keep the receipt.
Bitcoin Is Dead. “Crypto Vs Gold: The Search For An Investment Bolt Hole” — Bill Blain, Financial Times, March 31, 2022. Bitcoin: $46,318.56. https://bitcoindeaths.com/posts/2022-03-31-crypto-vs-gold-the-search-for-an-investment-bolt-hole