"Gary Shilling Calls Bitcoin A Black Box And Says He Doesn't Invest In Things He Doesn't Understand"

Published in Business Insider on 2017-10-10, "Gary Shilling Calls Bitcoin A Black Box And Says He Doesn't Invest In Things He Doesn't Understand" 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 $4,755 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.