⸺ Obituary · April 13, 2018 ⸺

“Sell All Crypto And Abandon All Blockchain”

Financial Times

Dan McCrum

“Blockchain hype is an essential part of the crypto-craze, and its fading is cause to expect the eventual crash. The reason is a relationship between a beguiling, but wrong, idea about technology, and the value it has injected back into crypto-currencies such as Bitcoin and Ethereum. Break that cycle, and you unspool the loop that’s spun itself into a boom.”

Price at death

$7,889

Today

$62,500

Resurrection

×7.9

On 2018-04-13, Dan McCrum (Writer, Financial Times) declared Bitcoin dead via Financial Times. Bitcoin was trading at ~$7,889 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on April 13, 2018, when one Bitcoin traded for approximately $7,889. Since then, Bitcoin has appreciated by 7.9× relative to the price on the day Financial Times pronounced it finished.

Read the original →

← Earlier death

“This Is All It Would Take For Bitcoin To Become A Worthless Cryptocurrency”

Later death →

“Bitcoin Is The Greatest Scam In History”

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