"Bitcoin Is Not The Currency Of The Future"
BTC_AT_TIME $13,287
Published in Socialeurope on 2018-01-11, "Bitcoin Is Not The Currency 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 $13,287 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.