"Bitcoin's Price Hit $5,000 Last Week. It's Still A Dumb Investment"

Published in LA Times on 2017-09-05, "Bitcoin's Price Hit $5,000 Last Week. It's Still A Dumb Investment" 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 $4,422 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.