"The Crypto Bubble is Bursting – Open Your Eyes And Spot the Ugly Naked Truth"
BTC_AT_TIME $29,156
Published in Morningporridge on 2022-05-20, "The Crypto Bubble is Bursting – Open Your Eyes And Spot the Ugly Naked Truth" 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 $29,156 at the time of publication. Bitcoin fell sharply amid interest rate hikes and the spectacular collapse of the FTX exchange and the Terra/Luna ecosystem.