"Why This Well-Funded Startup Just Gave Up On Bitcoin"
BTC_AT_TIME $764
Published in Fortune on 2016-12-07, "Why This Well-Funded Startup Just Gave Up On 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 $764 at the time of publication. Bitcoin was staging a gradual recovery, with price action between $400 and $700 through most of the year.