⸺ Obituary · May 5, 2023 ⸺
“Crypto And How We Can Protect The Consumer”
— Central Bank of Ireland, Gabriel Makhlouf
“And describing it as “investment” is, needless to say, an abuse of the word; “Ponzi schemes” might be more accurate.”
Price at death
$29,534
Today
$73,594
Resurrection
×2.5
On 2023-05-05, Gabriel Makhlouf (Governor of the Central Bank of Ireland) declared Bitcoin dead via Central Bank of Ireland. Bitcoin was trading at ~$29,534 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 5, 2023, when one Bitcoin traded for approximately $29,534. Since then, Bitcoin has appreciated by 2.5× relative to the price on the day Central Bank of Ireland pronounced it finished.