⸺ Obituary · February 14, 2019 ⸺
“JPMorgan Just Killed The Bitcoin Dream”
— Barrons, Ben Walsh
“But that dream is now effectively dead, and blockchain is now fully into its boring phase. The latest and most telling evidence of this arrived this morning, when JPMorgan (JPM) said it had developed and tested a prototype of a digital coin.”
Price at death
$3,593
Today
$73,538
Resurrection
×20.5
On 2019-02-14, Ben Walsh (Reporter, Barrons) declared Bitcoin dead via Barrons. Bitcoin was trading at ~$3,593 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 14, 2019, when one Bitcoin traded for approximately $3,593. Since then, Bitcoin has appreciated by 20.5× relative to the price on the day Barrons pronounced it finished.