⸺ Obituary · November 29, 2017 ⸺
“Bitcoin ‘Ought To Be Outlawed,’ Nobel Prize Winner Stiglitz Says”
— Bloomberg, Joseph Stiglitz
““So it seems to me it ought to be outlawed,” Stiglitz said Wednesday in a Bloomberg Television interview with Francine Lacqua and Tom Keene. “It doesn’t serve any socially useful function.””
Price at death
$9,816
Today
$73,505
Resurrection
×7.5
On 2017-11-29, Joseph Stiglitz (Economist) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$9,816 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 29, 2017, when one Bitcoin traded for approximately $9,816. Since then, Bitcoin has appreciated by 7.5× relative to the price on the day Bloomberg pronounced it finished.