⸺ Obituary · December 10, 2017 ⸺
“Bitcoin Prices Are Headed To $0.00: Peter Schiff”
Peter Schiff
Photo: Gage Skidmore (CC BY-SA 3.0), via Wikimedia Commons
“Ultimately, I think bitcoin has really no value. In the market, it has plenty of value. As long as there’s buying, there’s value. But when the buying goes away, so does the value.”
Price at death
$15,037
Today
$62,500
Resurrection
×4.2
On 2017-12-10, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via TheStreet. Bitcoin was trading at ~$15,037 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 10, 2017, when one Bitcoin traded for approximately $15,037. Since then, Bitcoin has appreciated by 4.2× relative to the price on the day TheStreet pronounced it finished.