⸺ Obituary · January 12, 2018 ⸺
“Bitcoin’s Demise Moves Closer”
Matt Smith
“It is important to remember that Bitcoin is virtually impossible to value; it possesses no utility and has yet to be widely accepted as a currency, even by major e-commerce providers. This means sentiment is driving the price of Bitcoin, and any negative events that impact the confidence of investors could spark a full-blown flight, causing their values to collapse.”
Price at death
$13,813
Today
$62,500
Resurrection
×4.5
On 2018-01-12, Matt Smith (Engineer) declared Bitcoin dead via The Motley Fool. Bitcoin was trading at ~$13,813 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 12, 2018, when one Bitcoin traded for approximately $13,813. Since then, Bitcoin has appreciated by 4.5× relative to the price on the day The Motley Fool pronounced it finished.