⸺ Obituary · September 19, 2022 ⸺
“Bitcoin Looks Like a Faded Fad as Fed Goes All In on Rate Hikes”
— Bloomberg, Jake Lloyd-Smith
“What is Bitcoin for, exactly? While that’s been a tricky question to answer in years past, it’s safe to say that right now, it’s definitely not for preservation of wealth.”
Price at death
$19,419
Today
$73,594
Resurrection
×3.8
On 2022-09-19, Jake Lloyd-Smith (Journalist) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$19,419 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 19, 2022, when one Bitcoin traded for approximately $19,419. Since then, Bitcoin has appreciated by 3.8× relative to the price on the day Bloomberg pronounced it finished.