"Bitcoin Is An Amazing Example Of A Bubble"
BTC_AT_TIME $825
Published in Financial Post on 2014-01-24, "Bitcoin Is An Amazing Example Of A Bubble" 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 $825 at the time of publication. Bitcoin was in a sustained bear market following the Mt. Gox exchange collapse, which erased $400 million in customer funds.