"ECB's Constancio Says Bitcoin Isn't a Currency, It's a Tulip"
BTC_AT_TIME $3,613
Published in Bloomberg on 2017-09-21, "ECB's Constancio Says Bitcoin Isn't a Currency, It's a Tulip" 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 $3,613 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.