⸺ Obituary · March 5, 2014 ⸺
“Bitcoin Is (Nearly) Dead”
— Acton, Joe Carter
“Opinions are still divided, but the evidence that Bitcoin is doomed to failure piles up almost every day. . . . Of course, we Bitcoin doomsayers have been waiting for the bubble to pop for some time now. We also tend to think that every new drop is a sign of it’s impending doom. . . . Anyone still willing to bet a Bitcoin on the future of Bitcoin?”
Price at death
$662
Today
$73,594
Resurrection
×111
On 2014-03-05, Joe Carter (Senior Editor, Acton Institute) declared Bitcoin dead via Acton. Bitcoin was trading at ~$662 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 5, 2014, when one Bitcoin traded for approximately $662. Since then, Bitcoin has appreciated by 111× relative to the price on the day Acton pronounced it finished.