"Bitcoin payments around the world are failing as the platform is overwhelmed"

Published in Business Insider on 2016-03-04, "Bitcoin payments around the world are failing as the platform is overwhelmed" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin failed as a functional currency due to extreme price volatility, slow transaction speeds, and limited merchant acceptance. Bitcoin was trading at $418 at the time of publication. Bitcoin was staging a gradual recovery, with price action between $400 and $700 through most of the year.