"The Rise And Fall Of Bitcoin"

Published in Wired on 2011-11-15, "The Rise And Fall Of Bitcoin" declared Bitcoin dead or fundamentally doomed. The piece argued the price crash represented not a temporary correction but a structural collapse, pointing to deteriorating fundamentals and fading institutional interest. Bitcoin was trading at $2 at the time of publication. Bitcoin had just experienced its first major speculative bubble, surging to $30 before crashing back to single digits.