content: well, to be honest, with its rise last year, it could be understood why people would believe in it. However, it was precisely that rise that I told everyone would be the beginning of its downfall. It is a victim of its own success, because the large increase in valuation drew the ire of regulators and the absurd price movements demonstrated how there was no underlying intrinsic value from which to value the asset, and thus it's actually worthless.