⸺ Obituary · July 13, 2019 ⸺
“Donald Trump Is Right About Bitcoin”
— MarketWatch, Brett Arends
“Cryptocurrencies are a pure gamble with no discernible fundamentals whatsoever. The cryptocurrency “markets” are rife with fraud, scams and manipulation. I’d love them if I were a con artist.”
Price at death
$11,351
Today
$73,594
Resurrection
×6.5
On 2019-07-13, Brett Arends (Financial Journalist) declared Bitcoin dead via MarketWatch. Bitcoin was trading at ~$11,351 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 13, 2019, when one Bitcoin traded for approximately $11,351. Since then, Bitcoin has appreciated by 6.5× relative to the price on the day MarketWatch pronounced it finished.