“The expectation that the price of Bitcoins will continue to rise in the distant future has a lot to do with the belief of many people that Bitcoin, and other “cryptocurrencies”, are the money of the future. Nothing could be farther from the truth. In fact, the Bitcoin is an archaic currency like gold used to be.”
Paul De Grauwe, Economist and Professor, London School of Economics · Bitcoin since: +502%
As published by Social Europe
A little perspective.
Bitcoin on that day$13,287January 11, 2018
$100 at that price$601.53At our latest price check
Illustrative value using a Bitcoin price of $79,926, checked Oct 29, 2026, 8:57 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is Not The Currency Of The Future” — Paul De Grauwe, Social Europe, January 11, 2018. Bitcoin: $13,287.26. https://bitcoindeaths.com/posts/2018-01-11-bitcoin-is-not-the-currency-of-the-future