"How Bitcoin Is Going To Fail And Why It Is Not A Gold Equivalent"

Published in Blogspot on 2013-11-22, "How Bitcoin Is Going To Fail And Why It Is Not A Gold Equivalent" 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 $747 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.