⸺ Obituary · January 15, 2015 ⸺
“Bitcoin Is Getting Annihilated”
— Business Insider, Rob Price
“The virtual currency is looking increasingly beleaguered, and its price had been dropping steadily in recent months. . . . It is a reminder of the security issues that face any virtual currency seeking mainstream adoption, and it brings back memories of the infamous exchange Mt. Gox. . . . Combined with bitcoin’s reputation as an enabler for criminal activity, it is likely this public-image problem is hindering mainstream adoption. As one commenter on the discussion board Hacker News remarks, bitcoin is an “even worse” investment than gold.”
Price at death
$210
Today
$73,505
Resurrection
×349
On 2015-01-15, Rob Price (Correspondent, Business Insider) declared Bitcoin dead via Business Insider. Bitcoin was trading at ~$210 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 15, 2015, when one Bitcoin traded for approximately $210. Since then, Bitcoin has appreciated by 349× relative to the price on the day Business Insider pronounced it finished.