“Crypto-assets are not money or currencies. So people wishing to invest or speculate in crypto-assets should do so without harbouring the unrealistic expectation that they would one day become money or currencies that can be used as a means of exchange.”
Norman T.L. Chan, Banker · Bitcoin since: +893%
A little perspective.
Bitcoin on that day$6,753September 21, 2018
$100 at that price$993.38At our latest price check
Illustrative value using a Bitcoin price of $67,085, checked Nov 14, 2026, 4:52 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Crypto-Assets And Money” — Norman T.L. Chan, HKMA, September 21, 2018. Bitcoin: $6,753.18. https://bitcoindeaths.com/posts/2018-09-21-crypto-assets-and-money