⸺ Obituary · November 7, 2017 ⸺

“Bitcoin Has No Future Because Of Its Anonymity, SocGen CEO Says”

CNBC

Frederic Oudea

“I can’t see a future of this when I see the attention played by all governments and regulators on anti-money laundering, on anti-tax evasion, on anti-terrorism financing. The anonymity of the transaction is a problem I think which would put pressure on bitcoin.”

Price at death

$7,119

Today

$62,500

Resurrection

×8.8

On 2017-11-07, Frederic Oudea (President, European Banking Federation) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$7,119 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on November 7, 2017, when one Bitcoin traded for approximately $7,119. Since then, Bitcoin has appreciated by 8.8× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“Bitcoin Is On The Same Path As Every Bubble In History”

Later death →

“Bitcoin Price Will Go To Zero As Bitcoin Will Struggle To Remain The Dominant Cryptocurrency”

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