“So is a single bitcoin worth $500,000, $5,000, $500 or $0? I’m inclined to say $0, especially if bitcoin’s value depends on it being adopted as a global digital currency to replace dollars. There is no chance whatsoever that bitcoin can displace the dollar, for the simple reason that it is badly designed. Bitcoin can handle a pathetically small number of transactions, and uses an inordinate amount of electricity to do so, making it entirely unsuitable to replace ordinary money.”
James Mackintosh, Investment Writer · Bitcoin since: +1,870%
As published by Wall Street Journal
Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero ↗
A little perspective.
Bitcoin on that day$4,067September 18, 2017
$100 at that price$1,970At our latest price check
Illustrative value using a Bitcoin price of $80,106, checked Oct 29, 2026, 12:13 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero” — James Mackintosh, Wall Street Journal, September 18, 2017. Bitcoin: $4,067.08. https://bitcoindeaths.com/posts/2017-09-18-bitcoins-wild-ride-shows-the-truth-it-is-probably-worth-zero