“At this point in the bitcoin lifecycle, the fear, uncertainty and doubt (FUD) and naysaying we’ve been hearing is mostly true. The network is abysmally slow. The use cases are half-baked and consumers will receive no implicit benefit from bitcoin over, say, swiping their Visa card. The bitcoin 1.0 experiment is, in short, over.”
John Biggs, CEO, Freemit · Bitcoin since: +18,189%
As published by CoinDesk
1,000 Bitcoin Wallets Won't Replace One Financial Revolution ↗
A little perspective.
Bitcoin on that day$416.73March 26, 2016
$100 at that price$18,289At our latest price check
Illustrative value using a Bitcoin price of $76,214, checked Nov 6, 2026, 9:33 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “1,000 Bitcoin Wallets Won't Replace One Financial Revolution” — John Biggs, CoinDesk, March 26, 2016. Bitcoin: $416.73. https://bitcoindeaths.com/posts/2016-03-26-1000-bitcoin-wallets-wont-replace-one-financial-revolution