"Bitcoin Sees The Grim Reaper"

Published in New York Magazine on 2013-06-20, "Bitcoin Sees The Grim Reaper" 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 $111 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.