“The developers of bitcoin are trying to show that money can be successfully privatized. They will fail, because money that is not issued by governments is always doomed to failure.”
Edward Hadas, Economics Editor, Thomson Reuters · Bitcoin since: +7,882%
As published by The New York Times
A little perspective.
Bitcoin on that day$948.41November 27, 2013
$100 at that price$7,982At our latest price check
Illustrative value using a Bitcoin price of $75,702, checked Nov 6, 2026, 3:26 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Edward Hadas appears in 2 recorded obituaries. 20 declarations were recorded in 2013.
Keep the receipt.
Bitcoin Is Dead. “A Prediction: Bitcoin Is Doomed To Fail” — Edward Hadas, The New York Times, November 27, 2013. Bitcoin: $948.41. https://bitcoindeaths.com/posts/2013-11-27-a-prediction-bitcoin-is-doomed-to-fail