⸺ Obituary · January 22, 2021 ⸺
“Bitcoin Has ‘Nil’ Value”
— Bloomberg, Jeremy Grantham
“What is the future value of the dividend stream of Bitcoin? I can tell you that, that doesn’t take a prize winning mathematician. It is nil.”
Price at death
$33,019
Today
$73,565
Resurrection
×2.2
On 2021-01-22, Jeremy Grantham (Investor) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$33,019 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 22, 2021, when one Bitcoin traded for approximately $33,019. Since then, Bitcoin has appreciated by 2.2× relative to the price on the day Bloomberg pronounced it finished.