“While the technology behind the cryptocurrency may represent a safer method of buying and selling over the Internet, the asset will never take hold as a currency due to its limited supply and speculator manipulation. The technology used to encrypt Bitcoin would be better applied to the current monetary system, rather than through the invention of an entirely new currency. Bitcoin is simply economic Esperanto. It's a solution without a problem. The currency in use works fine.”
Jeremy Bowman, Writer, The Motley Fool · Bitcoin since: +20,961%
As published by Fool.com
A little perspective.
Bitcoin on that day$359.20October 11, 2014
$100 at that price$21,061At our latest price check
Illustrative value using a Bitcoin price of $75,650, checked Nov 6, 2026, 2:24 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “3 Reasons Bitcoin Is Doomed To Fail” — Jeremy Bowman, Fool.com, October 11, 2014. Bitcoin: $359.2. https://bitcoindeaths.com/posts/2014-10-11-3-reasons-bitcoin-is-doomed-to-fail