“The very reasons why Bitcoin has taken off today will be major reasons why its value is likely to collapse tomorrow. . . . [dramatic price instability] will cause the ultimate failure of the Bitcoin experiment. . . . Bitcoin will fail because a small number of hoarders control most of the supply.”
Alex Planes, Writer, The Motley Fool · Bitcoin since: +53,009%
As published by Chron
A little perspective.
Bitcoin on that day$142.32April 5, 2013
$100 at that price$53,109At our latest price check
Illustrative value using a Bitcoin price of $75,585, checked Nov 6, 2026, 8:42 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Why Bitcoin Is Doomed To Fail” — Alex Planes, Chron, April 5, 2013. Bitcoin: $142.32. https://bitcoindeaths.com/posts/2013-04-05-why-bitcoin-is-doomed-to-fail