"Bitcoin is ‘worthless’ and will perform worse than stocks in the coming months, analyst says"

Published in CNBC on 2018-04-05, "Bitcoin is ‘worthless’ and will perform worse than stocks in the coming months, analyst says" declared Bitcoin dead or fundamentally doomed. The piece argued Bitcoin was heading to zero, citing the absence of intrinsic value and the impossibility of sustaining its price without underlying fundamentals. Bitcoin was trading at $7,127 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.