“And describing it as “investment” is, needless to say, an abuse of the word; “Ponzi schemes” might be more accurate.”
Gabriel Makhlouf, Governor of the Central Bank of Ireland · Bitcoin since: +165%
As published by Central Bank of Ireland
A little perspective.
Bitcoin on that day$29,534May 5, 2023
$100 at that price$264.76At our latest price check
Illustrative value using a Bitcoin price of $78,195, checked Oct 29, 2026, 11:53 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Crypto And How We Can Protect The Consumer” — Gabriel Makhlouf, Central Bank of Ireland, May 5, 2023. Bitcoin: $29,534.38. https://bitcoindeaths.com/posts/2023-05-05-crypto-and-how-we-can-protect-the-consumer