“It is hard to see bitcoin’s price surge as anything other than a bubble that will ultimately collapse. Bitcoin’s ostensible social function as an anonymous, nongovernmental means of payment carries big risks of its demise. And while blockchain, the platform that records bitcoin transactions, may well have staying power, there is no reason to believe it needs to rely on bitcoin for its success.”
Jeffrey D. Sachs, Economist · Bitcoin since: +430%
As published by Boston Globe
A little perspective.
Bitcoin on that day$15,135January 3, 2018
$100 at that price$530.09At our latest price check
Illustrative value using a Bitcoin price of $80,228, checked Oct 29, 2026, 11:56 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “The Bitcoin Bubble Will Likely Burst, And Here’s Why” — Jeffrey D. Sachs, Boston Globe, January 3, 2018. Bitcoin: $15,134.65. https://bitcoindeaths.com/posts/2018-01-03-the-bitcoin-bubble-will-likely-burst-and-heres-why