"Cryptocurrencies Have Failed, And Blockchain Still Has Yet To Be Proven Useful"

Published in Forbes on 2018-11-11, "Cryptocurrencies Have Failed, And Blockchain Still Has Yet To Be Proven Useful" declared Bitcoin dead or fundamentally doomed. The piece argued Bitcoin was heading to zero, citing the absence of intrinsic value and the impossibility of sustaining its price without underlying fundamentals. Bitcoin was trading at $6,358 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.