"A Prediction: Bitcoin Is Doomed To Fail"

Published in New York Times on 2013-11-27, "A Prediction: Bitcoin Is Doomed To Fail" declared Bitcoin dead or fundamentally doomed. The piece argued Bitcoin was heading to zero, citing the absence of intrinsic value and the impossibility of sustaining its price without underlying fundamentals. Bitcoin was trading at $948 at the time of publication. Bitcoin saw explosive growth from $13 to over $1,000, driven by the Cyprus banking crisis and speculative interest.