⸺ Obituary · April 9, 2018 ⸺

“Bitcoin, The Biggest Bubble In History, Is Popping”

Bloomberg

Michael Hartnett

“The greatest bubble in history is popping, according to Bank of America Corp. The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note.”

Price at death

$6,774

Today

$62,500

Resurrection

×9.2

On 2018-04-09, Michael Hartnett (Writer) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$6,774 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on April 9, 2018, when one Bitcoin traded for approximately $6,774. Since then, Bitcoin has appreciated by 9.2× relative to the price on the day Bloomberg pronounced it finished.

Read the original →

← Earlier death

“Bitcoin Is ‘Worthless’ And Will Perform Worse Than Stocks In The Coming Months, Analyst Says”

Later death →

“Bitcoin Mania Has Clear Parallels To The Spread Of Infectious Diseases According To Barclays”

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