"Investor Cliff Asness Says Bitcoin Is A Bubble Unless Uses Besides Speculation And Criminality Emerge"
BTC_AT_TIME $94,517
Published in CNBC on 2025-01-13, "Investor Cliff Asness Says Bitcoin Is A Bubble Unless Uses Besides Speculation And Criminality Emerge" 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 $94,517 at the time of publication. Bitcoin surged past $100,000 amid growing sovereign and institutional adoption.