⸺ Obituary · November 14, 2017 ⸺

“One Of Asia's Largest Banks Says Bitcoin Is A Ponzi Scheme”

CNBC

David Gledhill

“We see bitcoin as a bit of a Ponzi scheme,” David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday.”

Price at death

$6,599

Today

$61,577

Resurrection

×9.3

On 2017-11-14, David Gledhill (Banker) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$6,599 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on November 14, 2017, when one Bitcoin traded for approximately $6,599. Since then, Bitcoin has appreciated by 9.3× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

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

Later death →

“Bitcoin Is A Bubble, No Plans To Short-Sell: Japan Post Bank CIO”

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