Is Crypto 'Irrelevant'? Here's Who Says Bitcoin Replacing The Dollar Is 'Laughable'

Benzinga04-30

Antonelli: Crypto Became Irrelevant FastAntonelli wrote on X that it was “remarkable” how quickly crypto had become “irrelevant,” questioning whether the technology had delivered any meaningful real-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2631659064?lang=en_US&edition=fundamental","thumbnail":"https://www.benzinga.com/files/images/story/2026/04/30/Bitcoin-Btc-Virtual-Cryptocurrency-In-Fr_0.jpeg","is_english":true,"pubTime":"2026-04-30 22:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2631659064","market":"nz","top_or_hot":-1,"title":"Is Crypto 'Irrelevant'? Here's Who Says Bitcoin Replacing The Dollar Is 'Laughable'","media":"Benzinga","content":"<div>\n<p>Antonelli: Crypto Became Irrelevant FastAntonelli wrote on X that it was “remarkable” how quickly crypto had become “irrelevant,” questioning whether the technology had delivered any meaningful real-...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/04/52176544/is-crypto-irrelevant-heres-who-says-bitcoin-replacing-the-dollar-is-laughable\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Crypto 'Irrelevant'? Here's Who Says Bitcoin Replacing The Dollar Is 'Laughable'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Crypto 'Irrelevant'? Here's Who Says Bitcoin Replacing The Dollar Is 'Laughable'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-30 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/04/52176544/is-crypto-irrelevant-heres-who-says-bitcoin-replacing-the-dollar-is-laughable><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Antonelli: Crypto Became Irrelevant FastAntonelli wrote on X that it was “remarkable” how quickly crypto had become “irrelevant,” questioning whether the technology had delivered any meaningful real-...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/04/52176544/is-crypto-irrelevant-heres-who-says-bitcoin-replacing-the-dollar-is-laughable\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/04/52176544/is-crypto-irrelevant-heres-who-says-bitcoin-replacing-the-dollar-is-laughable","article_id":"2631659064","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2026/04/30/Bitcoin-Btc-Virtual-Cryptocurrency-In-Fr_0.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/crypto/cryptocurrency/26/04/52176544/is-crypto-irrelevant-heres-who-says-bitcoin-replacing-the-dollar-is-laughable","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2631659064","pubTimestamp":1777560852,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Baird market strategist Michael Antonelli declared crypto “irrelevant” this week, joining Peter Schiff, Michael Burry, and Mike McGlone in a growing chorus of bears that historically signals bottoms for Bitcoin ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BITO":"比特币期货ETF-ProShares","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","BTC":"Grayscale Bitcoin Mini Trust","IBIT":"比特币ETF-iShares","BITX":"2倍比特币期货ETF-Volatility Shares"},"translate_title":"加密是“无关紧要的”吗？谁说比特币取代美元是“可笑的”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITO":0.6,"BITX":0.6,"BTC":0.6,"IBIT":1.5},"content_text":"Antonelli: Crypto Became Irrelevant FastAntonelli wrote on X that it was “remarkable” how quickly crypto had become “irrelevant,” questioning whether the technology had delivered any meaningful real-world adoption beyond functioning as a payment system.“No one built a single thing on it that gained widespread adoption,” Antonelli posted.“Remember when it was going to replace the dollar? Laughable,” he added.The post drew sharp backlash from Bitcoin supporters. Crypto investor Wendy O responded that traditional financial industry giants are excited about crypto and Bitcoin ETFs, patiently waiting on market structure before expanding further. Another user noted crypto’s 10-year compound annual growth rate of 80% to 120% depending on what’s included.The Bear Hall of FameAntonelli joins a distinguished list of prominent bears who called tops at bottoms or dismissed Bitcoin entirely at critical inflection points.Recently, Peter Schiff questioned at the 2026 Bitcoin conference why Bitcoin kept falling despite Michael Saylor’s buying. Meanwhile, Bloomberg strategist Mike McGlone offered the most bearish perspective among major analysts, warning Bitcoin could fall toward $10,000 under deflationary macro conditions.Michael Burry described Bitcoin as “one of the biggest speculative bubbles in history” in December 2025, comparing it to tulip mania and labeling its valuation “the most ridiculous thing.”Additionally, Crypto analyst Benjamin Cowen warned in April that a realistic bear scenario involves a roughly 70% decline from a potential peak near $126,000. He described Bitcoin’s recent price action as a “textbook” countertrend rally that could trap late buyers.The Contrarian CaseEvery major bear call from 2015 through 2025 coincided with local or cyclical bottoms. Schiff has been bearish on Bitcoin since $200. McGlone called for $10,000 when BTC traded above $60,000. Burry’s “biggest bubble” call came during Q4 2025 when institutions were just beginning to accumulate through ETFs.Image: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.To add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2631659064","isCrawlerRequest":true}