"Talk Of Bitcoin's Demise Was On The Money"
BTC_AT_TIME $6,171
Published in Co on 2018-06-23, "Talk Of Bitcoin's Demise Was On The Money" 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 $6,171 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.