"The Bitcoin Skeptic: Why Bitcoin Will Never Replace Fiat Currency"
BTC_AT_TIME $29,181
Published in CCN on 2023-08-07, "The Bitcoin Skeptic: Why Bitcoin Will Never Replace Fiat Currency" 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 $29,181 at the time of publication. Bitcoin began recovering from 2022 lows, climbing from $16,000 back toward $45,000 by year-end.