"Greenspan Compares Bitcoin To Colonial America Currency That Eventually Became Worthless"
BTC_AT_TIME $13,709
Published in CNBC on 2017-12-06, "Greenspan Compares Bitcoin To Colonial America Currency That Eventually Became Worthless" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin failed as a functional currency due to extreme price volatility, slow transaction speeds, and limited merchant acceptance. Bitcoin was trading at $13,709 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.