⸺ Obituary · May 26, 2025 ⸺
“Australian Senator Slams Bitcoin As 'Ponzi Scheme'”
— Decrypt, Gerard Rennick
“What exactly will this product produce? Absolutely nothing and nor will the thousands of people buying and selling it. Australia needs real engineers not financial engineers. We need infrastructure that’s delivers essential services particularly energy, water and transport. You can’t eat Bitcoin.”
Price at death
$109,024
Today
$73,405
Decline
-33%
On 2025-05-26, Gerard Rennick (Australian Senator) declared Bitcoin dead via Decrypt. Bitcoin was trading at ~$109,024 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 26, 2025, when one Bitcoin traded for approximately $109,024. Bitcoin remains below its price on the day of this declaration — for now.