⸺ Obituary · January 25, 2021 ⸺
“Bitcoin Is an Incredibly Dirty Business”
— Bloomberg, Lionel Laurent
“Unlike governments, the closest Bitcoin gets to redistribution of wealth is celebrity-sponsored giveaways, which are at worst predatory hoaxes and at best promotional corporate stunts that offer $11 worth of cryptocurrency to people clearly desperate for far more. Help mine the stuff with a high-end computer and get the chance to heat your greenhouse as well.”
Price at death
$32,255
Today
$73,495
Resurrection
×2.3
On 2021-01-25, Lionel Laurent (Columnist, Bloomberg Opinion) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$32,255 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 25, 2021, when one Bitcoin traded for approximately $32,255. Since then, Bitcoin has appreciated by 2.3× relative to the price on the day Bloomberg pronounced it finished.