“For now, the development of this bubble is in the hands of a speculating public, who periodically see manias as a failsafe way to make money. But the answer to the question posed in this article’s headline is that cryptocurrencies are not money and never will be.”
Alasdair Macleod, Stockbroker · Bitcoin since: +2,279%
As published by Bitcoin and The Blockchain
A little perspective.
Bitcoin on that day$3,378August 9, 2017
$100 at that price$2,379At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “BTC Is Dead” — Alasdair Macleod, Bitcoin and The Blockchain, August 9, 2017. Bitcoin: $3,377.54. https://bitcoindeaths.com/posts/2017-08-09-btc-is-dead