“In my opinion, bitcoin is dead. It won’t go quietly, but the recent precipitous drop may be the beginning of its inevitable and inexorable death spiral. Or there could be a dead cat bounce. Either way, I see bitcoin as a dead man walking. Future generations may read about bitcoin in a finance textbook as a curiosity and wonder what all the fuss was about. There are still some die-hard adherents espousing the virtues of bitcoin, desperate to make a silk purse out of a sow’s ear. Unfortunately for them, the end may not be pretty when it comes.”
Peter Mallouk, Wealth Manager · Bitcoin since: +2,277%
A little perspective.
Bitcoin on that day$3,404December 7, 2018
$100 at that price$2,377At our latest price check
Illustrative value using a Bitcoin price of $80,908, checked Oct 29, 2026, 7:42 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Is Bitcoin Going To Zero?” — Peter Mallouk, Forbes, December 7, 2018. Bitcoin: $3,404.46. https://bitcoindeaths.com/posts/2018-12-07-is-bitcoin-going-to-zero