"A Nobel Prize-Winning Economist Says Bitcoin Is A More Obvious Bubble Than Housing Was"

Published in Business Insider on 2017-12-16, "A Nobel Prize-Winning Economist Says Bitcoin Is A More Obvious Bubble Than Housing Was" 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 $19,343 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.