"Bitcoin Inefficient As Large-scale Payment System"

Published in Bitcoinist on 2019-02-07, "Bitcoin Inefficient As Large-scale Payment System" 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 $3,386 at the time of publication. Bitcoin briefly surged back to $13,000 before retreating to around $7,000, leaving many skeptics unswayed.