"A Leading Economist Explains Why Bitcoin Isn't Money"
BTC_AT_TIME $1,181
Published in Business Insider on 2017-02-24, "A Leading Economist Explains Why Bitcoin Isn't Money" 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 $1,181 at the time of publication. Bitcoin was in the midst of an extraordinary bull run, rising from $1,000 to nearly $20,000 by December.