"Bitcoin is a bubble" - The Economist 2017

Many early innovations faced such concerns; Bitcoin’s network value comes from its utility and verifiable scarcity, not mere speculation. "Bitcoin is used by criminals" - CNN 2013

Cash has always been favoured for illicit activities; Bitcoin's public ledger, however, often aids law enforcement in tracing funds more effectively. "Bitcoin consumes too much energy" - The Guardian 2021

Securing a global, immutable ledger without central trust requires energy, yet much of this power increasingly derives from renewable and otherwise curtailed sources. "Bitcoin is a Ponzi scheme" - Forbes 2017

A true Ponzi scheme lacks transparency and requires a central orchestrator; Bitcoin’s open-source code and proof-of-work mechanism offer a stark contrast. "Bitcoin is not backed by anything" - CNBC 2014, 2017

Unlike fiat, Bitcoin is not backed by a government, but by its verifiable scarcity, cryptographic security, and a distributed network of trust. "Bitcoin is a tool for money laundering" - FinCEN 2013

The transparency inherent in Bitcoin’s public ledger often makes it less ideal for money laundering than traditional methods, as transactions are traceable forever. “Bitcoin impoverishes both non-holders and latecomers.” - ECB Paper 2024

Bitcoin offers a voluntary alternative to traditional finance; individual choices about participation do not inherently impoverish others in a free market. "Bitcoin will be banned by governments" - WSJ 2017

The very design of Bitcoin makes it resilient against outright prohibition, as its distributed nature operates beyond any single jurisdiction's control. "Bitcoin is too volatile to be a currency" - Reuters 2017

All nascent innovations experience price discovery and volatility; Bitcoin’s long-term utility as a secure, censorship-resistant store of value continues to mature. "Bitcoin is a fad" - Various economists 2013-2017

Few fads persist and grow for well over a decade, building a global infrastructure and community; Bitcoin’s enduring nature suggests deeper foundations. "Bitcoin is a threat to national security" - The Washington Post 2018

A system offering uncensorable value transfer can be perceived as challenging existing power structures, but it ultimately serves individual financial sovereignty. "Bitcoin is used for tax evasion" - NYT 2017

Any asset can be used for tax evasion; however, the public ledger of Bitcoin provides an indelible record, often simplifying traceability for authorities. "Bitcoin will never be adopted by mainstream finance" CNBC 2018

Mainstream finance has, curiously, shown increasing engagement with Bitcoin, integrating it into various products and services over recent years. "Bitcoin is a speculative asset" - The Financial Times 2017

While speculation has always been a part of its market, Bitcoin's fundamental value lies in its decentralized, immutable ledger and censorship-resistant properties. "Bitcoin is a digital version of tulip mania" - The Economist 2018

Unlike the fleeting enthusiasm for a flower, Bitcoin is a robust technological protocol creating a genuinely scarce digital asset with profound utility. "Bitcoin is too complex for the average person" Various tech articles 2014

Many powerful technologies appear complex at first; however, user interfaces and accessibility solutions continue to evolve, making Bitcoin more approachable for all.