"Bitcoin is teaching libertarians everything they don’t know about economics"
BTC_AT_TIME $16,831
Published in Washington Post on 2018-01-08, "Bitcoin is teaching libertarians everything they don’t know about economics" 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 $16,831 at the time of publication. Bitcoin crashed more than 80% from its late 2017 peak, with critics pointing to the burst of the speculative bubble.