“Similar to the disruptive technologies I listed above, Bitcoin will undergo the standard lifecycle of development… and I believe that will include swift, sweeping government regulation. Similar to gun control, car insurance, cyber regulation and more… However, unlike most of those other technologies, I don’t think Bitcoin will survive this deathblow of regulation.”
Matt Insley, Author · Bitcoin since: +5,196%
As published by Daily Reckoning
A little perspective.
Bitcoin on that day$1,512May 5, 2017
$100 at that price$5,296At our latest price check
Illustrative value using a Bitcoin price of $80,087, checked Oct 29, 2026, 12:49 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “The Death Of Bitcoin” — Matt Insley, Daily Reckoning, May 5, 2017. Bitcoin: $1,512.21. https://bitcoindeaths.com/posts/2017-05-05-the-death-of-bitcoin