⸺ Obituary · August 29, 2023 ⸺
“Black Swan" Author Slams Bitcoin as a Fad”
— U.Today, Nassim Nicholas Taleb
“My experience is that, after a fad withers away, those who were blindly promoting it will claim that they knew it all along; it was clearly predictable.”
Price at death
$27,721
Today
$73,594
Resurrection
×2.7
On 2023-08-29, Nassim Nicholas Taleb (Essayist, Scholar, Former Trader) declared Bitcoin dead via U.Today. Bitcoin was trading at ~$27,721 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 29, 2023, when one Bitcoin traded for approximately $27,721. Since then, Bitcoin has appreciated by 2.7× relative to the price on the day U.Today pronounced it finished.