"Bitcoin Could Break the Internet, Central Bank Overseer Says"

Published in Bank for International Settlements on 2018-06-17, "Bitcoin Could Break the Internet, Central Bank Overseer Says" declared Bitcoin dead or fundamentally doomed. The piece argued that regulatory intervention was inevitable and would prove fatal, pointing to government crackdowns or proposed legislation. Bitcoin was trading at $6,507 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.