"The Bitcoin bubble will burst. It’s time for a ‘Bitpound"
BTC_AT_TIME $8,196
Published in The Telegraph on 2017-11-23, "The Bitcoin bubble will burst. It’s time for a ‘Bitpound" 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 $8,196 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.