⸺ Obituary · July 7, 2016 ⸺
“Bitcoin’s Rallying Again—But Isn’t Getting Much Attention Anymore”
Jon Sindreu
“But the rest of the world appears to have lost interest. That’s not great for the long-term use of bitcoin and the fans who want to see it become a widely-used medium of exchange. With the currency currently dependent on notoriously-fickle Chinese retail investors, they would surely swap a gain in global popularity over a short-term rally in value.”
Price at death
$640
Today
$61,577
Resurrection
×96.3
On 2016-07-07, Jon Sindreu (Writer, Wall Street Journal) declared Bitcoin dead via WSJ. Bitcoin was trading at ~$640 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 7, 2016, when one Bitcoin traded for approximately $640. Since then, Bitcoin has appreciated by 96.3× relative to the price on the day The Wall Street Journal pronounced it finished.
