⸺ Obituary · October 11, 2021 ⸺
“JPMorgan's Jamie Dimon Calls Bitcoin 'Worthless'”
— Bloomberg, Jamie Dimon
“I personally think that Bitcoin is worthless.”
Price at death
$57,490
Today
$73,507
Resurrection
×1.3
On 2021-10-11, Jamie Dimon (CEO, JP Morgan Chase) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$57,490 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 11, 2021, when one Bitcoin traded for approximately $57,490. Since then, Bitcoin has appreciated by 28% relative to the price on the day Bloomberg pronounced it finished.