“Right now, Bitcoin is only mostly dead. As an investment, it was the worst of 2014. . . . The problem, though, is that Bitcoin will likely not survive to get to that level of innovation. Will Bitcoin enthusiasts support it after they realize it has ceased to be useful as a currency and is a terrible investment? Not likely. At some point they are going to realize that they are subsidizing Bitcoin for theoretical and emotional reasons so that it can be exploited by regulation-seeking venture capitalists. When that happens Bitcoin will shift from being mostly dead to being all dead.”
Joe Carter, Senior Editor, Acton Institute · Bitcoin since: +24,195%
As published by Acton
A little perspective.
Bitcoin on that day$319.17December 17, 2014
$100 at that price$24,295At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 4:07 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Joe Carter appears in 2 recorded obituaries. 24 declarations were recorded in 2014.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is (Nearly) All Dead” — Joe Carter, Acton, December 17, 2014. Bitcoin: $319.17. https://bitcoindeaths.com/posts/2014-12-17-bitcoin-is-nearly-all-dead