"Bitcoin’s Financial Network Is Doomed"

Published in Washington Post on 2014-12-16, "Bitcoin’s Financial Network Is Doomed" 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 $326 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.