“Bitcoin is not a legitimate currency but simply a risky virtual commodity bet. . . . Bitcoin lacks the essential attributes that are needed to support a widely recognized transactional currency. If Bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.”
Mark T. Williams, Professor, Boston University · Bitcoin since: +11,239%
As published by Business Insider
A little perspective.
Bitcoin on that day$683.84December 17, 2013
$100 at that price$11,339At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 5:02 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Will Crash To $10 By Mid-2014” — Mark T. Williams, Business Insider, December 17, 2013. Bitcoin: $683.84. https://bitcoindeaths.com/posts/2013-12-17-bitcoin-will-crash-to-10-by-mid-2014