"UCLA faculty voice: Bitcoin is an energy"
BTC_AT_TIME $5,913
Published in UCLA on 2017-10-24, "UCLA faculty voice: Bitcoin is an energy" declared Bitcoin dead or fundamentally doomed. The piece focused on Bitcoin's enormous energy consumption, arguing that the environmental cost made it unsustainable and a target for regulatory crackdown. Bitcoin was trading at $5,913 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.