"Bridgewater Founder Ray Dalio: Bitcoin Is A Bubble"
BTC_AT_TIME $3,897
Published in CNBC on 2017-09-19, "Bridgewater Founder Ray Dalio: Bitcoin Is A Bubble" 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 $3,897 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.