⸺ Obituary · April 24, 2018 ⸺

“Bitcoin Is The Greatest Scam In History”

Recode

Bill Harris

“In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds.”

Price at death

$9,652

Today

$62,500

Resurrection

×6.5

On 2018-04-24, Bill Harris (Former CEO, PayPal) declared Bitcoin dead via Recode. Bitcoin was trading at ~$9,652 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on April 24, 2018, when one Bitcoin traded for approximately $9,652. Since then, Bitcoin has appreciated by 6.5× relative to the price on the day Recode pronounced it finished.

Read the original →

← Earlier death

“Sell All Crypto And Abandon All Blockchain”

Later death →

“Warren Buffett Says Bitcoin Is Probably Rat Poison Squared”

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