⸺ Obituary · November 17, 2014 ⸺
“Bitcoin Will Bite The Dust”
— Alt-M, Kevin Dowd
“Now I dare say our message is a disappointment to Bitcoiners. I share that disappointment: it would have been great if Bitcoin could displace government money. However, Bitcoin is an experiment, most experiments fail – and Bitcoin is another failed experiment.”
Price at death
$386
Today
$73,504
Resurrection
×190
On 2014-11-17, Kevin Dowd (Economist) declared Bitcoin dead via Alt-M. Bitcoin was trading at ~$386 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 17, 2014, when one Bitcoin traded for approximately $386. Since then, Bitcoin has appreciated by 190× relative to the price on the day Alt-M pronounced it finished.