"The Great Cryptocurrency Crash Of 2018"

Published in Mises Institute on 2018-09-12, "The Great Cryptocurrency Crash Of 2018" 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 $6,329 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.