"Larry Fink Says Cryptocurrencies Show Level of Money Laundering"

Published in Bloomberg on 2017-10-02, "Larry Fink Says Cryptocurrencies Show Level of Money Laundering" 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 $4,404 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.