⸺ Obituary · November 16, 2017 ⸺

“Why Bitcoin Will Go The Way Of The Tulips”

Financial Review

Elmer Funke Kupper

“We can predict the collapse of the value of Bitcoin, even when it may rise for a little while longer. The introduction of exchange-traded futures may signal the start of this process. Give it a year, maybe less. Bitcoin will become a case study for economics students, teaching them about irrational crowd behaviour.”

Price at death

$7,844

Today

$62,500

Resurrection

×8.0

On 2017-11-16, Elmer Funke Kupper (Director, Suncorp Group) declared Bitcoin dead via Financial Review. Bitcoin was trading at ~$7,844 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on November 16, 2017, when one Bitcoin traded for approximately $7,844. Since then, Bitcoin has appreciated by 8.0× relative to the price on the day Financial Review pronounced it finished.

Read the original →

← Earlier death

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

Later death →

“Bitcoin Is Dead. It Was Split Into Two.”

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