"“The Doomsday Cult Of Bitcoin”"

Published in New York Magazine on 2014-03-04, "“The Doomsday Cult Of 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 $664 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.