11/5/2014

🪦 Bitcoin Obituary

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On November 5, 2014, the article "Bitcoin is Dead" was published. "Unlike gold or tulips, bitcoin has no alternative use. Therefore, when the price crashes, there is no 'natural floor' below which bitcoin cannot fall."

Sources:

https://archive.bitcoin-calendar.org/archive/1749203633.605193/index.html#singlefile.html
https://web.archive.org/web/20230510154935/https://www.cityam.com/bitcoin-bust-why-investors-should-abandon-doomed-cryptocurrency/