"Peter Schiff: Bitcoin Is Not The Money Of The Future"
BTC_AT_TIME $5,697
Published in The Street on 2017-10-15, "Peter Schiff: Bitcoin Is Not The Money Of The Future" 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 $5,697 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.