⸺ Obituary · July 20, 2021 ⸺
“Billionaire Investor Says Bitcoin Is Headed For $0, Which Is Very Far From The Moon”
Hamish Douglass
“I predict all these forms of cryptocurrencies that are not backed by central banks or backed by assets will ultimately go to zero. I can’t tell you when it will happen, but it’s inevitable that it will go to zero.”
Price at death
$29,801
Today
$61,577
Resurrection
×2.1
On 2021-07-20, Hamish Douglass (Chairman/Chief Investment Officer, Magellan Financial Group) declared Bitcoin dead via Gizmodo. Bitcoin was trading at ~$29,801 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 20, 2021, when one Bitcoin traded for approximately $29,801. Since then, Bitcoin has appreciated by 2.1× relative to the price on the day Gizmodo pronounced it finished.
