“The BIS decision hopefully serves as a wake-up call for all of the happy bitcoin enthusiasts who actually believe that this penny arcade version of “money” could ever survive in a significant way in the government-centric world of money and banking.”
R. Christopher Whalen, Investment Banker · Bitcoin since: +66%
As published by The Institutional Risk Analyst
A little perspective.
Bitcoin on that day$40,519June 14, 2021
$100 at that price$166.33At our latest price check
Illustrative value using a Bitcoin price of $67,395, checked Nov 14, 2026, 3:28 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “BIS Says "No Thanks" To Bitcoin For Payments” — R. Christopher Whalen, The Institutional Risk Analyst, June 14, 2021. Bitcoin: $40,518.69. https://bitcoindeaths.com/posts/2021-06-14-bis-says-no-thanks-to-bitcoin-for-payments