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Seeking Alpha contributor says "Bitcoin fails as a currency"

Robert Wagner, a contributor on Seeking Alpha, writes "Bitcoin fails as a currency and the bubble will eventually pop" (NYSE:T, KRX:005930, NASDAQ:SNDK, NASDAQ:YHOO)

| Business, Financial & Legal News | Posted: Jan 14, 2014 11:18 am

The rise and fall of digital currency Bitcoin, has been interesting to say the least. But now we have Seeking Alpha contributor, Robert Wagner, chiming in with a new piece, calling out the digital currency, where he expects the bubble to pop.

 

TweakTown image news/3/4/34848_04_seeking_alpha_contributor_says_bitcoin_fails_as_a_currency.jpg

 

Wagner says that Bitcoin's "first flaw is its very foundation", citing that one of the reasons people wanted a new digital currency was to get away from the central bank, fiat-based dollar. Wagner goes into some incredible detail, which you can read all about right here, but do you agree? Do you think the great Bitcoin crash will happen, soon?

NEWS SOURCES:Seekingalpha.com

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