⸺ Obituary · April 28, 2021 ⸺
“Crypto Looks Like The Dotcom Space Of The 1990s, And Bitcoin May Not Survive It”
— Business Insider, Fahad Kamal
“The cryptocurrency space today looks very similar to the internet space in 1997. In 1997, we thought Netscape Navigator was by far the most advanced sophisticated browser and there would never be anything to compete with that. And obviously here we are, Netscape is long [gone].”
Price at death
$54,878
Today
$73,594
Resurrection
×1.3
On 2021-04-28, Fahad Kamal (Investor, Kleinwort Hambros) declared Bitcoin dead via Business Insider. Bitcoin was trading at ~$54,878 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 28, 2021, when one Bitcoin traded for approximately $54,878. Since then, Bitcoin has appreciated by 34% relative to the price on the day Business Insider pronounced it finished.