⸺ Obituary · February 24, 2017 ⸺
“A Leading Economist Explains Why Bitcoin Isn't Money”
— Business Insider, Ann Pettifor
“The problem with a finite asset is that the economy is not finite, and if you have a limited amount of money to match this almost unlimited capacity of people in the economy to do things, money doesn’t work.”
Price at death
$1,181
Today
$73,538
Resurrection
×62.3
On 2017-02-24, Ann Pettifor (Economist) declared Bitcoin dead via Business Insider. Bitcoin was trading at ~$1,181 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 24, 2017, when one Bitcoin traded for approximately $1,181. Since then, Bitcoin has appreciated by 62.3× relative to the price on the day Business Insider pronounced it finished.