"Bitcoin Is A Remarkable Innovation, Here’s Why It Will Fail"

Published in PYMNTS on 2013-10-16, "Bitcoin Is A Remarkable Innovation, Here’s Why It Will 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 $137 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.