“It is important to remember that Bitcoin is virtually impossible to value; it possesses no utility and has yet to be widely accepted as a currency, even by major e-commerce providers. This means sentiment is driving the price of Bitcoin, and any negative events that impact the confidence of investors could spark a full-blown flight, causing their values to collapse.”
Matt Smith, Engineer · Bitcoin since: +482%
As published by The Motley Fool
A little perspective.
Bitcoin on that day$13,813January 12, 2018
$100 at that price$581.60At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin’s Demise Moves Closer” — Matt Smith, The Motley Fool, January 12, 2018. Bitcoin: $13,812.72. https://bitcoindeaths.com/posts/2018-01-12-bitcoins-demise-moves-closer