“Individuals who invest in Bitcoin blindly place their trust in an anonymous individual they do not know and a technology they do not understand. The US dollar says, “In God we trust,” because Americans trust only God blindly. Every participant in America’s brand of free market capitalism is untrusted and subject to public checks and balances. Everyone in our free-market democracy must publicly answer to government regulators, except Satoshi Nakamoto. Bitcoin has no utility and is merely spreadsheet money. Bitcoin is not a currency and still cannot be used to buy goods and services. It is a poor investment because it trades in a manipulated market. Bitcoin will eventually go to zero.”
Marc Fitapelli, Attorney · Bitcoin since: +38%
As published by MDF LAW
A little perspective.
Bitcoin on that day$56,160September 5, 2024
$100 at that price$138.07At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 5:02 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “The Case Against Bitcoin” — Marc Fitapelli, MDF LAW, September 5, 2024. Bitcoin: $56,160.49. https://bitcoindeaths.com/posts/2024-09-05-the-case-against-bitcoin