"Sorry, Bitcoin Fans. Digital Currency Is Still a Dream."
BTC_AT_TIME $13,997
Published in Bloomberg on 2018-01-16, "Sorry, Bitcoin Fans. Digital Currency Is Still a Dream." 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 $13,997 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.