Why Bitcoin Will Fail As A Currency
The Calculating Investor
July 13, 2011"Although I think that Bitcoin is ingenious and fascinating in many ways, I don’t believe that it will succeed as a currency. The problem is that a Bitcoin is unlikely to ever be a good store of value (a primary function of any widely accepted currency) because the (eventually) fixed money supply will cause the purchasing power of a Bitcoin to be extremely volatile."
— calcinv
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BTC price when published:
$13.95
Current BTC price:
$82,428.43
Price change:
+590784.80%