"Bitcoin is a bubble, no plans to short"

Published in Reuters on 2017-11-16, "Bitcoin is a bubble, no plans to short" 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 $7,059 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.