⸺ Obituary · July 24, 2019 ⸺
“I Can Assure You I Will Personally Not Be Loaded Up On Bitcoin In 10 Years”
— CNBC, Steven Mnuchin
“I won't be talking about Bitcoin in 10 years, I can assure you that. […] I would bet in even 5 or 6 years I'm no longer talking about Bitcoin as Treasury Secretary. […] I can assure you I will personally not be loaded up on Bitcoin.”
Price at death
$9,772
Today
$73,594
Resurrection
×7.5
On 2019-07-24, Steven Mnuchin (United States Secretary of the Treasury) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$9,772 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 24, 2019, when one Bitcoin traded for approximately $9,772. Since then, Bitcoin has appreciated by 7.5× relative to the price on the day CNBC pronounced it finished.