"This Is All It Would Take For Bitcoin To Become A Worthless Cryptocurrency"
BTC_AT_TIME $7,916
Published in MarketWatch on 2018-04-12, "This Is All It Would Take For Bitcoin To Become A Worthless Cryptocurrency" 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 $7,916 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.