"Bitcoin And Other Cryptocurrencies Are Useless"

Published in The Economist on 2018-08-30, "Bitcoin And Other Cryptocurrencies Are Useless" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $6,982 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.