"Buying Bitcoin Is Pure Speculation"

Published in Motley Fool on 2020-12-20, "Buying Bitcoin Is Pure Speculation" 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 $23,459 at the time of publication. Bitcoin weathered a COVID-driven March crash before surging to new highs near $30,000 by year-end.