“So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”
Robin Brooks, Chief Economist, Institute of International Finance · Bitcoin since: +176%
A little perspective.
Bitcoin on that day$24,198March 14, 2023
$100 at that price$276.24At our latest price check
Illustrative value using a Bitcoin price of $66,844, checked Nov 14, 2026, 4:37 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Sayonara Bitcoin” — Robin Brooks, Twitter, March 14, 2023. Bitcoin: $24,197.53. https://bitcoindeaths.com/posts/2023-03-14-sayonara-bitcoin