⸺ Obituary · October 16, 2017 ⸺

“Nobel-Winning Economist Shiller Calls Bitcoin A Fad”

CNBC

Robert Shiller

“Bitcoin is a fad, just like bimetallism before it.”

Price at death

$5,754

Today

$62,500

Resurrection

×10.9

On 2017-10-16, Robert Shiller (Nobel Prize Winning Economist) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$5,754 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on October 16, 2017, when one Bitcoin traded for approximately $5,754. Since then, Bitcoin has appreciated by 10.9× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“Peter Schiff: Bitcoin Is Not The Money Of The Future”

Later death →

“Prince Alwaleed Says Bitcoin Will Implode: Enron In The Making”

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