"Why Ethereum Succeeded Where Bitcoin Failed"
BTC_AT_TIME $665
Published in Vice / Motherboard on 2016-07-21, "Why Ethereum Succeeded Where Bitcoin Failed" 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 $665 at the time of publication. Bitcoin was staging a gradual recovery, with price action between $400 and $700 through most of the year.