2014 bitcoin obituary
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“Bitcoin’s upcoming capital crisis” – Financial Times | $290.51

We’ll sign off with the simple point that unless a massive amount of new capital is transferred into Bitcoin market sharpish — which is not impossible, since there are still a number of deep pocketed believers out there — it’s hard to imagine the asset class going any other way but south. Furthermore, it’s unlikely at this stage that either price rigging, mining cartels or lower energy costs will be able to reverse that trend.

2014 bitcoin obituary
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“Bitcoin’s New Year Price Plunge” – PYMNTS.com | $274.84

It kills any chance that bitcoin could be a mainstream currency. No one wants to hold a currency that has that great a risk of depreciating in value. Most people who put money in bitcoin wallets in 2014 and didn’t spend it instantly took a hit. It is dead, let me repeat, dead, as a mainstream currency.

2014 bitcoin obituary
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“Was 2014 The Death March for Bitcoin?” – PYMNTS.com | $315.81

And that Bitcoin could only survive at the margins, where it would be isolated, and in no position to threaten Visa or Mastercard, or the underlying payment and messaging services that underpin the world financial system as it stands today. Then there’s The Oracle of Omaha who has one four letter word for bitcoin – joke.

2014 bitcoin obituary
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“Bitcoin is (Nearly) All Dead” – Acton | $325.60

Right now, Bitcoin is only mostly dead. As an investment, it was the worst of 2014. . . . The problem, though, is that Bitcoin will likely not survive to get to that level of innovation. Will Bitcoin enthusiasts support it after they realize it has ceased to be useful as a currency and is a terrible investment? Not likely. At some point they are going to realize that they are subsidizing Bitcoin for theoretical and emotional reasons so that it can be exploited by regulation-seeking venture capitalists. When that happens Bitcoin will shift from being mostly dead to being all dead.

2014 bitcoin obituary
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“Bitcoin is bust: Why investors should abandon the doomed cryptocurrency” – City A.M. | $338.62

And so the whole bitcoin system eventually becomes a house of cards, and anything – a scandal, a government attack, whatever – could trigger a loss of confidence leading to a run that brings it all down. . . . There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.

2014 bitcoin obituary
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“Where did Bitcoin go wrong?” – CNN | $333.58

Bitcoin is not [the future]. It is a step along the way and will eventually disintegrate. . . . As a currency [Bitcoin] is almost negligible against anything. It can’t stand toe-to-toe with the Cuban Peso. . . . With Bitcoin the pretend currency, what you see is not what you get.

2014 bitcoin obituary
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“3 Reasons Bitcoin Is Doomed To Fail” – Fool.com | $362.22

With only about 13 million Bitcoins in circulation and the final number capped at 21 million, the supply is too limited for them to serve as a viable currency. . . . There will always be a place for Bitcoin and its ilk somewhere in the bowels of the Internet, but the cryptocurrency will never challenge the dollar as a medium of exchange.

2014 bitcoin obituary
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“Cult Markets: When the bubble bursts” – Financial Times | $397.78

We’re going to stick our neck out at this stage and call this the end of Bitcoin. . . . We’re sure we may still see a few deep pocketed VCs or “believers” throw more money at defending the dream, but chances are we’ve now gone through the exponential break point. Time and money would probably be better spent trying to pump up Bitcoin V.2.

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