"Once You Use Bitcoin You Can’t Go ‘Back’ — And That’s Its Fatal Flaw"
BTC_AT_TIME $899
Published in Wired on 2013-11-26, "Once You Use Bitcoin You Can’t Go ‘Back’ — And That’s Its Fatal Flaw" declared Bitcoin dead or fundamentally doomed. The piece argued that regulatory intervention was inevitable and would prove fatal, pointing to government crackdowns or proposed legislation. Bitcoin was trading at $899 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.