Bitcoin is Dead. - February 12, 2026 Jemima Kelly (Financial Times): Bitcoin's true value is $0 because the sheer number of altcoins undermines its scarcity logic. Marion Labour (Deutsche Bank): Bitcoin is no longer digital gold. Gold rose 65% in 2025, while Bitcoin fell 6.5%. + -Hundreds of thousands of coins have emerged over the past 17 years, yet Bitcoin's scarcity has not been broken. -Gold rose 44% in 2023 and 2024, while Bitcoin, which is not digital gold, rose 562% over the same period. Bitcoin Is Dead (x463)🏴☠️
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