"It Will Be Ugly": Bitcoin Bear Gives 2 Reasons Why He Thinks The ‘Bubble’ Is Going To Burst"

Published in CNBC on 2021-04-20, "It Will Be Ugly": Bitcoin Bear Gives 2 Reasons Why He Thinks The ‘Bubble’ Is Going To Burst" 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 $56,499 at the time of publication. Bitcoin reached all-time highs above $60,000 twice, fuelled by institutional adoption and the NFT boom.