"The Rise and Fall of Bitcoin"

Published in Wired on 2011-11-23, "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.