⸺ 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

$61,577

Resurrection

×2.1

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 2.1× relative to the price on the day Central Bank of Ireland pronounced it finished.

Read the original →

← Earlier death

“Warren Buffett Criticizes Bitcoin, Says It 'Doesn't Have Any Intrinsic Value'”

Later death →

“Crypto Has ‘No Intrinsic Value’ And ‘No Useful Social Purpose,’ Say Lawmakers”

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