"Investor Who Called Last Two Major Market Crashes Says Bitcoin Is A Bubble"
BTC_AT_TIME $15,155
Published in CNBC on 2018-01-04, "Investor Who Called Last Two Major Market Crashes Says Bitcoin Is A 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 $15,155 at the time of publication. Bitcoin crashed more than 80% from its late 2017 peak, with critics pointing to the burst of the speculative bubble.