Hodlers: An Apology for the Apology
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CoinWorld reported: FT Alphaville reiterated its long-standing skepticism towards bitcoin, calling it a "negative-sum game" with arbitrary pricing disconnected from real utility. The blog maintains its previous stance, criticizing bitcoin's inefficiency as a medium of exchange and its insufficient store of value capability. Alphaville expressed regret over the encouragement of speculative investment and pointed out that after bitcoin surpassed $100,000 in December 2024, it has recently fallen below $70,000.
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