"Why Bitcoin Will Go The Way Of The Tulips"
BTC_AT_TIME $7,844
Published in Australian Financial Review on 2017-11-16, "Why Bitcoin Will Go The Way Of The Tulips" 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 $7,844 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.