⸺ Obituary · November 20, 2013 ⸺
“Bitcoin Is Still Doomed”
— Bloomberg, Timothy Lavin
“To the extent using Bitcoin has any benefits now — convenience, cost-efficiency, putative anonymity — it’s because authorities haven’t been taking it very seriously. As officialdom becomes more assertive, Bitcoin will become more difficult and expensive to use, and less anonymous.”
Price at death
$573
Today
$73,594
Resurrection
×129
On 2013-11-20, Timothy Lavin (Economics Writer, Bloomberg) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$573 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 20, 2013, when one Bitcoin traded for approximately $573. Since then, Bitcoin has appreciated by 129× relative to the price on the day Bloomberg pronounced it finished.