⸺ Obituary · December 12, 2017 ⸺

“Bitcoin Is The Most Perfect Bubble Possible”

The Washington Post

Matt O'Brien

“Bitcoin has become a Ponzi scheme for redistributing wealth from one libertarian to another. Actually, I would like to amend that a little bit: Bitcoin has now graduated to being a Ponzi scheme for redistributing wealth from one person to another.”

Price at death

$17,178

Today

$62,500

Resurrection

×3.6

On 2017-12-12, Matt O'Brien (Economics Reporter, The Washington Post) declared Bitcoin dead via The Washington Post. Bitcoin was trading at ~$17,178 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on December 12, 2017, when one Bitcoin traded for approximately $17,178. Since then, Bitcoin has appreciated by 3.6× relative to the price on the day The Washington Post pronounced it finished.

Read the original →

← Earlier death

“Bitcoin Is A Ponzi Scheme, And It Will Collapse Like One”

Later death →

“Bitcoin Energy Boom Stamps Down Colossal Carbon Footprint”

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