⸺ Obituary · March 8, 2022 ⸺
“The End of Cryptocurrency Coming?”
— Armstrong Economics, Martin Armstrong
“Not only is Biden authorizing the regulation of digital currencies, but he is also instructing to move forward with a central bank cryptocurrency. Once that is done, all other cryptocurrencies will be seized and folded into the government’s crypto. For all of those who said Bitcoin replaced gold and the dollar, if they didn’t bother to look at a chart, it has been declining since last November.”
Price at death
$38,754
Today
$73,545
Resurrection
×1.9
On 2022-03-08, Martin Armstrong (Economic Forecaster, Convicted Felon) declared Bitcoin dead via Armstrong Economics. Bitcoin was trading at ~$38,754 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on March 8, 2022, when one Bitcoin traded for approximately $38,754. Since then, Bitcoin has appreciated by 90% relative to the price on the day Armstrong Economics pronounced it finished.