⸺ Obituary · September 19, 2022 ⸺

“Bitcoin Looks Like a Faded Fad as Fed Goes All In on Rate Hikes”

Bloomberg

Jake Lloyd-Smith

“What is Bitcoin for, exactly? While that’s been a tricky question to answer in years past, it’s safe to say that right now, it’s definitely not for preservation of wealth.”

Price at death

$19,419

Today

$61,577

Resurrection

×3.2

On 2022-09-19, Jake Lloyd-Smith (Journalist) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$19,419 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on September 19, 2022, when one Bitcoin traded for approximately $19,419. Since then, Bitcoin has appreciated by 3.2× relative to the price on the day Bloomberg pronounced it finished.

Read the original →

← Earlier death

“There Will Come A Day When You Wish You Sold Bitcoin For $20,000!”

Later death →

“Jamie Dimon Slams Crypto Tokens as ‘Decentralized Ponzi Schemes’”

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