⸺ Obituary · February 25, 2014 ⸺
“Mt. Gox Meltdown Spells Doom For Bitcoin”
— Bloomberg, Megan McArdle
“Bitcoin does not yet have enough users to continue its survival. . . . it will go the way of laser discs and eight-track tapes.”
Price at death
$535
Today
$73,594
Resurrection
×138
On 2014-02-25, Megan McArdle (Economics Writer, Bloomberg) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$535 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 25, 2014, when one Bitcoin traded for approximately $535. Since then, Bitcoin has appreciated by 138× relative to the price on the day Bloomberg pronounced it finished.