"“BoE’s Carney says Bitcoin has ‘pretty much failed’ as currency” – Reuters | 10,825.45"

Published in Reuters on 2018-02-19, "“BoE’s Carney says Bitcoin has ‘pretty much failed’ as currency” – Reuters | 10,825.45" 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 an unrecorded price 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.