“Bitcoins aren’t secure, as both the recent theft and this password problem show. They’re not liquid, nor a store of value, as the price collapse shows and if they’re none of those things then they’ll not be a great medium of exchange either as who would want to accept them? . . . It’s difficult to see what the currency has going for it.”
Tim Worstall, Economics Writer · Bitcoin since: +442,743%
As published by Forbes
A little perspective.
Bitcoin on that day$17.51June 20, 2011
$100 at that price$442,843At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 4:52 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “So, That's The End Of Bitcoin Then” — Tim Worstall, Forbes, June 20, 2011. Bitcoin: $17.51. https://bitcoindeaths.com/posts/2011-06-20-so-thats-the-end-of-bitcoin-then