“This is why almost none of us should own Bitcoins. Bitcoin value has multiple weaknesses. Someone could hack the blockchain, create more Bitcoins and manipulate the value or sell the illegitimate Bitcoins and abscond with the buyers’ dollars. Or groups of users can place large buys and sells of Bitcoins, manipulating their value, because there are no controls. Or Bitcoin users could simply start using other crypto-currencies or traditional government-issued currencies and the market could fold completely, making Bitcoins worthless, as has happened to other crypto-currencies. Any one, or all, of these things could happen at any moment.”
Adam Hartung, Columnist, Forbes · Bitcoin since: +1,676%
As published by Forbes
A Bitcoin Is Worth $4,000; Why You Probably Should Not Own One ↗
A little perspective.
Bitcoin on that day$4,204August 15, 2017
$100 at that price$1,776At our latest price check
Illustrative value using a Bitcoin price of $74,661, checked Nov 9, 2026, 7:21 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “A Bitcoin Is Worth $4,000; Why You Probably Should Not Own One” — Adam Hartung, Forbes, August 15, 2017. Bitcoin: $4,204.43. https://bitcoindeaths.com/posts/2017-08-15-a-bitcoin-is-worth-4000-why-you-probably-should-not-own-one