⸺ Obituary · January 4, 2018 ⸺

“Investor Who Called Last Two Major Market Crashes Says Bitcoin Is A Bubble”

CNBC

Jeremy Grantham

“Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble.”

Price at death

$15,155

Today

$62,500

Resurrection

×4.1

On 2018-01-04, Jeremy Grantham (Investor) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$15,155 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on January 4, 2018, when one Bitcoin traded for approximately $15,155. Since then, Bitcoin has appreciated by 4.1× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“The Bitcoin Bubble Will Likely Burst, And Here’s Why”

Later death →

“The Bitcoin Revolution Isn’t Coming. Here’s Why”

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