"Bitcoin Is Just Like AOL; It Won’t Win the Race for Best Cryptocurrency"

Published in Whitecoatinvestor on 2021-11-15, "Bitcoin Is Just Like AOL; It Won’t Win the Race for Best Cryptocurrency" 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 $63,600 at the time of publication. Bitcoin reached all-time highs above $60,000 twice, fuelled by institutional adoption and the NFT boom.