"The decline of Bitcoin shows you can’t engineer past government"

Published in The Week on 2016-01-20, "The decline of Bitcoin shows you can’t engineer past government" declared Bitcoin dead or fundamentally doomed. The piece argued that regulatory intervention was inevitable and would prove fatal, pointing to government crackdowns or proposed legislation. Bitcoin was trading at $404 at the time of publication. Bitcoin was staging a gradual recovery, with price action between $400 and $700 through most of the year.