⸺ Obituary · October 23, 2017 ⸺

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

CNBC

Prince Alwaleed bin Talal

“I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making.”

Price at death

$5,895

Today

$62,500

Resurrection

×10.6

On 2017-10-23, Prince Alwaleed bin Talal (Businessman) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$5,895 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on October 23, 2017, when one Bitcoin traded for approximately $5,895. Since then, Bitcoin has appreciated by 10.6× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“Nobel-Winning Economist Shiller Calls Bitcoin A Fad”

Later death →

“UCLA Faculty Voice: Bitcoin Is An Energy-Wasting Ponzi Scheme”

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