"Beware Of This Insidious New Currency Scam"

Published in Wallstreetdaily on 2013-05-20, "Beware Of This Insidious New Currency Scam" declared Bitcoin dead or fundamentally doomed. The piece characterised Bitcoin as a fraudulent scheme with no underlying value, arguing it would inevitably collapse once new buyers dried up. Bitcoin was trading at $122 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.