"Bitcoin’s Defects Will Hasten Its Demise In 2015"
BTC_AT_TIME $327
Published in Reuters on 2014-12-26, "Bitcoin’s Defects Will Hasten Its Demise In 2015" 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 $327 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.