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‘Bitcoin Has Failed,’ The 2022 Edition


This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.”

It’s October 2022. Bitcoin is once again below $20,000.

R.I.P. bitcoin. You have finally died. You’ve lost your luster. The Ponzi has ended. The show is over. It’s time to go home.

Next stop, $10,000, then $1,000 and then $0.

In this essay, I will be channeling my inner Nassim Taleb, Frances Coppola, Jim Cramer, Peter Schiff and Paul Krugman to prove that this time, bitcoin has well and truly failed!





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