"Crypto And How We Can Protect The Consumer"
BTC_AT_TIME $29,534
Published in Central Bank of Ireland on 2023-05-05, "Crypto And How We Can Protect The Consumer" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $29,534 at the time of publication. Bitcoin began recovering from 2022 lows, climbing from $16,000 back toward $45,000 by year-end.