“The problem that cryptocurrencies face is that they fail the two key metrics of what makes a currency a currency,” Donovan said. “A currency has to be a widely used medium of exchange. Cryptocurrencies are never going to achieve that. Period.” “The fatal issue for cryptocurrencies is that the supply of them can only ever go up,” he said. “There is unlimited upside to the supply of cryptocurrencies.”
Paul Donovan, Economist · Bitcoin since: +526%
As published by Business Insider
There's A Fatal Flaw In Cryptocurrencies Which Means They Can Never Be Real Currencies ↗
A little perspective.
Bitcoin on that day$10,860December 1, 2017
$100 at that price$626.40At our latest price check
Illustrative value using a Bitcoin price of $68,024, checked Nov 13, 2026, 11:18 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Paul Donovan appears in 2 recorded obituaries. 93 declarations were recorded in 2017.
Keep the receipt.
Bitcoin Is Dead. “There's A Fatal Flaw In Cryptocurrencies Which Means They Can Never Be Real Currencies” — Paul Donovan, Business Insider, December 1, 2017. Bitcoin: $10,859.56. https://bitcoindeaths.com/posts/2017-12-01-theres-a-fatal-flaw-in-cryptocurrencies-which-means-they-can-never-be-real-currencies