⸺ Obituary · November 29, 2023 ⸺
“Every Bitcoin Payment 'Uses A Swimming Pool Of Water'”
— BBC, Alex de Vries
“With the network handling 113 million transactions in 2020 and 96.7 million in 2021, the water footprint per transaction processed on the Bitcoin blockchain for those years amounted to 5,231 and 16,279 L, respectively.”
Price at death
$37,828
Today
$73,405
Resurrection
×1.9
On 2023-11-29, Alex de Vries (Data Scientist - Financial Economic Crime, De Nederlandsche Bank) declared Bitcoin dead via BBC. Bitcoin was trading at ~$37,828 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 29, 2023, when one Bitcoin traded for approximately $37,828. Since then, Bitcoin has appreciated by 94% relative to the price on the day BBC pronounced it finished.