⸺ Obituary · June 18, 2018 ⸺

“Bitcoin Is An Environmental Disaster And Could Bring The Internet To A Halt, Study Says”

South China Morning Post

The Bank for International Settlements

“Bitcoin miners are using as much electricity as Switzerland, while the computing power needed to deal with bitcoin growth would eventually overwhelm all computers, the Bank of International Settlements said”

Price at death

$6,709

Today

$62,500

Resurrection

×9.3

On 2018-06-18, The Bank for International Settlements declared Bitcoin dead via South China Morning Post. Bitcoin was trading at ~$6,709 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on June 18, 2018, when one Bitcoin traded for approximately $6,709. Since then, Bitcoin has appreciated by 9.3× relative to the price on the day South China Morning Post pronounced it finished.

Read the original →

← Earlier death

“Bitcoin's Greater Fools Go Into Hiding”

Later death →

“Talk Of Bitcoin's Demise Was On The Money”

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