Ex-Block Executive Mike Brock Declares 'Bitcoin Will Fail'
The cryptocurrency rally that picked up this week faced a credibility test when Mike Brock, formerly with Block’s Cash App team, published a blunt critique saying "Bitcoin will fail. Because it is a lie." The comment, coming from an industry insider, quickly circulated across social media and trader channels and has been cited by skeptics arguing that hype, not utility, drives recent gains.
Brock’s statement matters because it can shape short-term sentiment among retail traders and institutional watchers who follow former platform executives. While some market participants dismissed the remark as personal opinion, others say it underscores unresolved questions about adoption, use cases and regulatory risk. Traders and analysts will be watching whether the debate translates into increased volatility or prompts more concentrated selling by sentiment-driven holders.