⸺ Obituary · February 19, 2018 ⸺

“BoE's Carney Says Bitcoin Has Pretty Much Failed As Currency”

Reuters

Paul Singer

““When the history is written, cryptocurrencies will likely be described as one of the most brilliant scams in history,” Singer said in a letter to clients dated January, which was first reported by Business Insider.”

Price at death

$11,160

Today

$62,500

Resurrection

×5.6

On 2018-02-19, Paul Singer (Hedge Fund Manager) declared Bitcoin dead via Reuters. Bitcoin was trading at ~$11,160 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on February 19, 2018, when one Bitcoin traded for approximately $11,160. Since then, Bitcoin has appreciated by 5.6× relative to the price on the day Reuters pronounced it finished.

Read the original →

← Earlier death

“‘Bitcoin Price Is Pure Speculation’ Bank Of Austria Chief Attacks Popular Cryptocurrency”

Later death →

“No-One Will Pick Up Bitcoin, Warns SA’s Central Bank Governor”

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