⸺ 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
$73,594
Resurrection
×21.8
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 21.8× relative to the price on the day Bitcoin and The Blockchain pronounced it finished.