⸺ Obituary · January 29, 2018 ⸺
“Bitcoin’s A Joke, But There Is Serious Money To Be Made”
David Taylor
“However, if it can’t be taxed, it can’t buy you a Mars Bar, and it isn’t backed by anything at all – and in fact is poorly viewed by certain authorities. It’s insulting to economists to call it an asset, an investment, or a currency.”
Price at death
$11,158
Today
$62,500
Resurrection
×5.6
On 2018-01-29, David Taylor (Developer) declared Bitcoin dead via Yahoo Finance. Bitcoin was trading at ~$11,158 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 29, 2018, when one Bitcoin traded for approximately $11,158. Since then, Bitcoin has appreciated by 5.6× relative to the price on the day Yahoo Finance pronounced it finished.