⸺ Obituary · August 18, 2020 ⸺
“Bitcoin Is ‘a Myth’ Says French Central Bank Policymaker”
— Crypto News, Banque de France
“Overall, bitcoin does not fulfill, or only partially fulfills the three functions of money. It is not a unit of account, nor is it a payment instrument, or a store of value.”
Price at death
$12,328
Today
$72,577
Resurrection
×5.9
On 2020-08-18, Banque de France (Central Bank) declared Bitcoin dead via Crypto News. Bitcoin was trading at ~$12,328 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 18, 2020, when one Bitcoin traded for approximately $12,328. Since then, Bitcoin has appreciated by 5.9× relative to the price on the day Crypto News pronounced it finished.