"We rather disagree with the estimation of Bitcoin"

Published in Adamsmith on 2016-06-03, "We rather disagree with the estimation of Bitcoin" 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 $573 at the time of publication. Bitcoin was staging a gradual recovery, with price action between $400 and $700 through most of the year.