⸺ Obituary · July 12, 2017 ⸺

“Bitcoin Acceptance Is Virtually Zero And Shrinking”

Yahoo Finance

James Faucette

“A research note out Wednesday by a group of analysts at Morgan Stanley led by James E Faucette said “bitcoin acceptance is virtually zero and shrinking,” despite its impressive appreciation.”

Price at death

$2,423

Today

$61,577

Resurrection

×25.4

On 2017-07-12, James Faucette (Analyst, Morgan Stanley) declared Bitcoin dead via Yahoo Finance. Bitcoin was trading at ~$2,423 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on July 12, 2017, when one Bitcoin traded for approximately $2,423. Since then, Bitcoin has appreciated by 25.4× relative to the price on the day Yahoo Finance pronounced it finished.

Read the original →

← Earlier death

“Why Investors Should Ignore The Cryptocurrency Hype”

Later death →

“The Biggest Financial Bloggers Reveal Their Positions On Bitcoin And Cryptocurrencies”

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