"“The Great Paradox Of Bitcoin: If It Ever Succeeds, It’s Doomed”"
BTC_AT_TIME $311
Published in Mother Jones on 2014-12-18, "“The Great Paradox Of Bitcoin: If It Ever Succeeds, It’s 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 $311 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.