From ‘Vaporware’ to Mainstream: How Bitcoin Defied the Wall Street Journal’s Doubts

In 2021, the Wall Street Journal (WSJ) dismissed Bitcoin as ‘vaporware,’ labeling it a speculative bubble and dismissing its value. Back then, Bitcoin traded at around $33,000—a price that already seemed high to many. Despite this skepticism, Bitcoin experienced significant growth, becoming increasingly adopted by institutions and retail investors alike. 2021’s WSJ critique came amidst rising mainstream attention for Bitcoin, though these initial doubts have since been proven wrong as the crypto has cemented its position in global finance.