"Every Bitcoin Payment 'Uses A Swimming Pool Of Water'"
BTC_AT_TIME $37,828
Published in BBC on 2023-11-29, "Every Bitcoin Payment 'Uses A Swimming Pool Of Water" 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 $37,828 at the time of publication. Bitcoin began recovering from 2022 lows, climbing from $16,000 back toward $45,000 by year-end.