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The Bitcoin Bubble That Wasn't

The first post I ever wrote about Bitcoin was in April 2011. At the time, the crytpocurrency had recently surpassed parity with the dollar. I declared it a bubble, predicting that it would never displace conventional currencies, and that therefore it could never achieve a stable value. Over the next two months, the value shot up to almost $32. Then it crashed, eventually hitting a low of $2 in late 2011.