"Paul Krugman: Bitcoins Would Have Been Considered Foolish By Adam Smith"

Published in HuffPost on 2013-04-13, "Paul Krugman: Bitcoins Would Have Been Considered Foolish By Adam Smith" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $93 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.