"A New Gold? Bitcoin Is More Like The Beanie Baby Bubble"
BTC_AT_TIME $16,057
Published in The Telegraph on 2017-12-08, "A New Gold? Bitcoin Is More Like The Beanie Baby Bubble" 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 $16,057 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.