"Bitcoin's Price Bubble Will Burst Under Government Pressure"
BTC_AT_TIME $4,773
Published in The Guardian on 2017-10-09, "Bitcoin's Price Bubble Will Burst Under Government Pressure" 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 $4,773 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.