⸺ Obituary · December 4, 2013 ⸺
“Greenspan Says Bitcoin a Bubble Without Intrinsic Currency Value”
— Bloomberg, Alan Greenspan
“It's a bubble. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it.”
Price at death
$1,147
Today
$73,562
Resurrection
×64.1
On 2013-12-04, Alan Greenspan (Former Chairman, Federal Reserve) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$1,147 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 4, 2013, when one Bitcoin traded for approximately $1,147. Since then, Bitcoin has appreciated by 64.1× relative to the price on the day Bloomberg pronounced it finished.