⸺ Obituary · December 15, 2014 ⸺
“Bitcoin Bears Say Told You So”
— Bloomberg, Nathalie Reinelt
“Bitcoin’s collapse comes as governments around the world consider regulating or prohibiting the virtual currency to prevent criminals from using it to trade contraband. . . . Ripple has gained 36 percent this year; eventually it could displace bitcoin.”
Price at death
$345
Today
$73,594
Resurrection
×213
On 2014-12-15, Nathalie Reinelt (Analyst, Aite Group) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$345 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 15, 2014, when one Bitcoin traded for approximately $345. Since then, Bitcoin has appreciated by 213× relative to the price on the day Bloomberg pronounced it finished.