⸺ Obituary · August 9, 2017 ⸺

“BTC Is Dead”

Bitcoin and The Blockchain

Alasdair Macleod

“For now, the development of this bubble is in the hands of a speculating public, who periodically see manias as a failsafe way to make money. But the answer to the question posed in this article’s headline is that cryptocurrencies are not money and never will be.”

Price at death

$3,378

Today

$61,577

Resurrection

×18.2

On 2017-08-09, Alasdair Macleod (Stockbroker) declared Bitcoin dead via Bitcoin and The Blockchain. Bitcoin was trading at ~$3,378 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on August 9, 2017, when one Bitcoin traded for approximately $3,378. Since then, Bitcoin has appreciated by 18.2× relative to the price on the day Bitcoin and The Blockchain pronounced it finished.

Read the original →

← Earlier death

“Cryptocurrencies Will Be The Architects Of Their Own Demise”

Later death →

“All This Bitcoin Stuff Is Fake”

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