"Bitcoin Too Volatile to be Medium of Exchange, Goldman Sachs Says"
BTC_AT_TIME $46,436
Published in Newsweek on 2021-02-08, "Bitcoin Too Volatile to be Medium of Exchange, Goldman Sachs Says" declared Bitcoin dead or fundamentally doomed. The piece challenged Bitcoin's narrative as a store of value or digital gold, arguing it lacked the stability and track record needed for that role. Bitcoin was trading at $46,436 at the time of publication. Bitcoin reached all-time highs above $60,000 twice, fuelled by institutional adoption and the NFT boom.