⸺ Obituary · June 13, 2022 ⸺
“Bitcoin And Ethereum Will Go To Zero”
— BNN Bloomberg, Phillip Streible
“Bitcoin will never be a safe haven asset or a central currency.”
Price at death
$25,424
Today
$73,532
Resurrection
×2.9
On 2022-06-13, Phillip Streible (Chief Market Strategist, Blue Line Futures) declared Bitcoin dead via BNN Bloomberg. Bitcoin was trading at ~$25,424 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 13, 2022, when one Bitcoin traded for approximately $25,424. Since then, Bitcoin has appreciated by 2.9× relative to the price on the day BNN Bloomberg pronounced it finished.