⸺ Obituary · December 8, 2017 ⸺

“A New Gold? Bitcoin Is More Like The Beanie Baby Bubble”

The Telegraph

Zac Bissonette

“Bitcoin is more like a limited edition toy than an investment. It has no value except for the sheer hope that it will one day become valuable.”

Price at death

$16,057

Today

$62,500

Resurrection

×3.9

On 2017-12-08, Zac Bissonette (Economist) declared Bitcoin dead via The Telegraph. Bitcoin was trading at ~$16,057 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on December 8, 2017, when one Bitcoin traded for approximately $16,057. Since then, Bitcoin has appreciated by 3.9× relative to the price on the day The Telegraph pronounced it finished.

Read the original →

← Earlier death

“Bitcoin Boom May Be A Disaster For The Environment”

Later death →

“Bitcoin Prices Are Headed To $0.00: Peter Schiff”

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