"How Bitcoin Was Brought Down By Its Own Potential—And The Banks"
BTC_AT_TIME $576
Published in Quartz on 2016-08-30, "How Bitcoin Was Brought Down By Its Own Potential—And The Banks" 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 $576 at the time of publication. Bitcoin was staging a gradual recovery, with price action between $400 and $700 through most of the year.