“The problem with bitcoin at the moment, despite Ohio, is just what its champions decry: It is not a government-controlled currency. And therefore, asks Merton, who is responsible for the value of our currency if tomorrow morning all the bitcoin screens go dark?”
Robert C. Merton, Economist · Bitcoin since: +1,728%
As published by PBS
A little perspective.
Bitcoin on that day$4,242November 28, 2018
$100 at that price$1,828At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 4:49 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Why A Nobel Laureate In Economics Thinks Bitcoin Is Toast” — Robert C. Merton, PBS, November 28, 2018. Bitcoin: $4,241.58. https://bitcoindeaths.com/posts/2018-11-28-why-a-nobel-laureate-in-economics-thinks-bitcoin-is-toast