⸺ Obituary · December 11, 2017 ⸺
“Bitcoin Has ‘No Intrinsic Value,’ Brookfield CEO Flatt Says”
— Bloomberg, Bruce Flatt
Price at death
$14,595
Today
$67,440
Resurrection
×4.6
On 2017-12-11, Bruce Flatt (Brookfield CEO) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$14,595 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 11, 2017, when one Bitcoin traded for approximately $14,595. Since then, Bitcoin has appreciated by 4.6× relative to the price on the day Bloomberg pronounced it finished.