"Bitcoin Is Bust: Why Investors Should Abandon The Doomed Cryptocurrency"
BTC_AT_TIME $337
Published in City A.M. on 2014-11-05, "Bitcoin Is Bust: Why Investors Should Abandon The Doomed Cryptocurrency" declared Bitcoin dead or fundamentally doomed. The piece argued that regulatory intervention was inevitable and would prove fatal, pointing to government crackdowns or proposed legislation. Bitcoin was trading at $337 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.