“What is Bitcoin for, exactly? While that’s been a tricky question to answer in years past, it’s safe to say that right now, it’s definitely not for preservation of wealth.”
Jake Lloyd-Smith, Journalist · Bitcoin since: +313%
As published by Bloomberg
Bitcoin Looks Like a Faded Fad as Fed Goes All In on Rate Hikes ↗
A little perspective.
Bitcoin on that day$19,419September 19, 2022
$100 at that price$413.42At our latest price check
Illustrative value using a Bitcoin price of $80,281, checked Oct 29, 2026, 8:17 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Looks Like a Faded Fad as Fed Goes All In on Rate Hikes” — Jake Lloyd-Smith, Bloomberg, September 19, 2022. Bitcoin: $19,418.57. https://bitcoindeaths.com/posts/2022-09-19-bitcoin-looks-like-a-faded-fad-as-fed-goes-all-in-on-rate-hikes