⸺ Obituary · November 21, 2018 ⸺
“Jamie Dimon And Warren Buffett Have The Last Laugh On Bitcoin”
— Bloomberg, Lionel Laurent
“Nothing on the Bitcoin label turned out to be in the bottle. As a means of payment, it is cumbersome, volatile and expensive. It has destroyed value rather than storing it. Its decentralized technology was sold to investors as being unique. It has been anything but.”
Price at death
$4,574
Today
$73,490
Resurrection
×16.1
On 2018-11-21, Lionel Laurent (Columnist, Bloomberg Opinion) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$4,574 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 21, 2018, when one Bitcoin traded for approximately $4,574. Since then, Bitcoin has appreciated by 16.1× relative to the price on the day Bloomberg pronounced it finished.