"Bitcoin: Ponzi Gone Global"
BTC_AT_TIME $2,476
Published in Com on 2017-05-24, "Bitcoin: Ponzi Gone Global" declared Bitcoin dead or fundamentally doomed. The piece characterised Bitcoin as a fraudulent scheme with no underlying value, arguing it would inevitably collapse once new buyers dried up. Bitcoin was trading at $2,476 at the time of publication. Bitcoin was in the midst of an extraordinary bull run, rising from $1,000 to nearly $20,000 by December.