"Mt. Gox Meltdown Spells Doom For Bitcoin"

Published in Bloomberg on 2014-02-25, "Mt. Gox Meltdown Spells Doom For Bitcoin" 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 $535 at the time of publication. Bitcoin was in a sustained bear market following the Mt. Gox exchange collapse, which erased $400 million in customer funds.