⸺ Obituary · December 29, 2017 ⸺

“Why Bitcoin Investors Are Like Stamp Collectors”

The Sidney Morning Herald

Michael Pascoe

“The belief or hope that there will always be a greater fool wanting to buy is supposed to be underwritten by bitcoin’s “limited edition” status – a limited number can be produced. Which makes bitcoin buyers more like stamp collectors – or perhaps rare coin collectors.”

Price at death

$14,428

Today

$62,500

Resurrection

×4.3

On 2017-12-29, Michael Pascoe (Financial Journalist) declared Bitcoin dead via The Sidney Morning Herald. Bitcoin was trading at ~$14,428 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on December 29, 2017, when one Bitcoin traded for approximately $14,428. Since then, Bitcoin has appreciated by 4.3× relative to the price on the day The Sidney Morning Herald pronounced it finished.

Read the original →

← Earlier death

“The Great Bitcoin Scam”

Later death →

“Bitcoin—The Andromeda Strain Of Computer Science Research”

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