[triplesec]

This guy's argument just boils down to "they failed in the past, so these guys will fail now, any other outcome is preposterous." This is not an argument which can sand without consideration of factors of new technology, virtuality, and globalism, never mind any social and political factors which are different now from then.

Weak opinion article, with no actual coherent reasons to believe him. "It happened before, it must happen again" is not an argument.

BTW I am not entirely bullish on Bitcoin, but it's not because of this guy's (non-)argument.