⸺ Obituary · April 5, 2013 ⸺

“Why Bitcoin Is Doomed To Fail”

Chron

Alex Planes

“The very reasons why Bitcoin has taken off today will be major reasons why its value is likely to collapse tomorrow. . . . [dramatic price instability] will cause the ultimate failure of the Bitcoin experiment. . . . Bitcoin will fail because a small number of hoarders control most of the supply.”

Price at death

$142

Today

$61,577

Resurrection

×433

On 2013-04-05, Alex Planes (Writer, The Motley Fool) declared Bitcoin dead via Chron. Bitcoin was trading at ~$142 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on April 5, 2013, when one Bitcoin traded for approximately $142. Since then, Bitcoin has appreciated by 433× relative to the price on the day Chron pronounced it finished.

Read the original →

← Earlier death

“Wired, Tired, Expired for 2012: Expired — Bitcoin”

Later death →

“Fool's Gold”

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