"Why Bitcoin Is Doomed To Fail"

Published in Moneygeek on 2013-08-11, "Why Bitcoin Is Doomed To Fail" declared Bitcoin dead or fundamentally doomed. The piece argued Bitcoin was heading to zero, citing the absence of intrinsic value and the impossibility of sustaining its price without underlying fundamentals. 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.