"The Bitcoin Bubble Has Burst"

Published in Whistlinginthewind on 2013-04-12, "The Bitcoin Bubble Has Burst" declared Bitcoin dead or fundamentally doomed. The piece drew parallels to historical speculative manias, arguing that Bitcoin's price was entirely disconnected from any fundamental value. Bitcoin was trading at $117 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.