"Stay Away From Bitcoin, It's An Absolute Bubble, Says Tocqueville's Hathaway"
BTC_AT_TIME $3,858
Published in Kitco on 2017-09-20, "Stay Away From Bitcoin, It's An Absolute Bubble, Says Tocqueville's Hathaway" 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 $3,858 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.