⸺ Obituary · November 29, 2017 ⸺

“Bitcoin ‘Ought To Be Outlawed,’ Nobel Prize Winner Stiglitz Says”

Bloomberg

Joseph Stiglitz

““So it seems to me it ought to be outlawed,” Stiglitz said Wednesday in a Bloomberg Television interview with Francine Lacqua and Tom Keene. “It doesn’t serve any socially useful function.””

Price at death

$9,816

Today

$62,500

Resurrection

×6.4

On 2017-11-29, Joseph Stiglitz (Economist) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$9,816 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on November 29, 2017, when one Bitcoin traded for approximately $9,816. Since then, Bitcoin has appreciated by 6.4× relative to the price on the day Bloomberg pronounced it finished.

Read the original →

← Earlier death

“You're Gonna Lose All Your Money On Bitcoin, Idiots”

Later death →

“Bitcoin Is A Delusion That Could Conquer The World”

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