"Dumb Investment Of The Week: Bitcoin Investment Trust"

Published in Seeking Alpha on 2016-03-06, "Dumb Investment Of The Week: Bitcoin Investment Trust" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $405 at the time of publication. Bitcoin was staging a gradual recovery, with price action between $400 and $700 through most of the year.