"BIS Says "No Thanks" To Bitcoin For Payments"
BTC_AT_TIME $40,519
Published in Theinstitutionalriskanalyst on 2021-06-14, "BIS Says "No Thanks" To Bitcoin For Payments" 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 $40,519 at the time of publication. Bitcoin reached all-time highs above $60,000 twice, fuelled by institutional adoption and the NFT boom.