⸺ Obituary · November 26, 2020 ⸺
“Bitcoin Has No Role In Institutional Or Retail Investors Portfolios”
— Crypto Twitter (X), Nouriel Roubini
“Bitcoin has no role in institutional or retail investors portfolios. It is not a currency: not an unit of account, not a scalable means of payment & is a highly volatile store of value.”
Price at death
$17,182
Today
$70,824
Resurrection
×4.1
On 2020-11-26, Nouriel Roubini (Economist and Professor, NYU) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$17,182 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 26, 2020, when one Bitcoin traded for approximately $17,182. Since then, Bitcoin has appreciated by 4.1× relative to the price on the day Crypto Twitter (X) pronounced it finished.