⸺ Obituary · September 21, 2017 ⸺
“ECB's Constancio Says Bitcoin Isn't a Currency, It's a Tulip”
Vítor Constâncio
“Bitcoin is a sort of tulip. It’s indeed an instrument of speculation for those that want to bet on something that can go up and down 50% or 40% in a few days but certainly not a currency, and certainly we don’t see it as a threat to central banking or monetary policy, that’s for sure.”
Price at death
$3,613
Today
$61,577
Resurrection
×17.0
On 2017-09-21, Vítor Constâncio (Former ECB Vice President) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$3,613 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 21, 2017, when one Bitcoin traded for approximately $3,613. Since then, Bitcoin has appreciated by 17.0× relative to the price on the day Bloomberg pronounced it finished.