⸺ Obituary · October 26, 2023 ⸺
“Every Single Bitcoin Transaction—Even Buying A Latte—Consumes Over $100 In Electricity, Says A New Report”
— Fortune, MoneySuperMarket
“The report states that each Bitcoin transaction consumes 1,173 kilowatt hours of electricity. That’s the volume of energy that could “power the typical American home for six weeks,” the authors add.”
Price at death
$34,155
Today
$73,594
Resurrection
×2.2
On 2023-10-26, MoneySuperMarket declared Bitcoin dead via Fortune. Bitcoin was trading at ~$34,155 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 26, 2023, when one Bitcoin traded for approximately $34,155. Since then, Bitcoin has appreciated by 2.2× relative to the price on the day Fortune pronounced it finished.