⸺ Obituary · November 3, 2016 ⸺
“Bitcoin's At It Again”
— Bloomberg, Christopher Langner
“Bitcoin is quickly becoming a thing of the past.”
Price at death
$688
Today
$73,594
Resurrection
×107
On 2016-11-03, Christopher Langner (Investment Strategist) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$688 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 3, 2016, when one Bitcoin traded for approximately $688. Since then, Bitcoin has appreciated by 107× relative to the price on the day Bloomberg pronounced it finished.