"Bitcoin Is A Bubble. It Will Burst On Monday 12 December 2016"
BTC_AT_TIME $767
Published in Archive on 2016-12-08, "Bitcoin Is A Bubble. It Will Burst On Monday 12 December 2016" 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 $767 at the time of publication. Bitcoin was staging a gradual recovery, with price action between $400 and $700 through most of the year.