"Bitcoin’s Energy Use Got Studied, And You Libertarian Nerds Look Even Worse Than Usual"
BTC_AT_TIME $8,059
Published in Grist on 2018-05-17, "Bitcoin’s Energy Use Got Studied, And You Libertarian Nerds Look Even Worse Than Usual" declared Bitcoin dead or fundamentally doomed. The piece focused on Bitcoin's enormous energy consumption, arguing that the environmental cost made it unsustainable and a target for regulatory crackdown. Bitcoin was trading at $8,059 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.