Bitcoin Is Dead

January 29, 2015
Bitcoin Price: $232.4

WHY APPLE PAY AND DOLLARS ARE KILLING BITCOIN

At this point, it’s merely a speculative commodity, just like tulip bulbs centuries ago or even Beanie Babies more recently. . . . Bitcoin has peaked and is very unlikely to escalate significantly in value again. . . . It’s basically an elaborate Ponzi scheme. . . . While I don’t relish anyone losing money, Bitcoin basically went out of the way to make itself vulnerable. For this reason, it is destined to fail.

CEO, Gerber Kawasaki


Source: Forbes