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"

@anthony256

Published Tue, Jan 14 2014 5:18 AM CST | Updated Mon, Oct 19 2020 8:15 PM CDT

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.

Seeking Alpha contributor says Bitcoin fails as a currency | TweakTown.com

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 SOURCE:seekingalpha.com

Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.