⸺ Obituary · October 10, 2017 ⸺
“Gary Shilling Calls Bitcoin A Black Box And Says He Doesn't Invest In Things He Doesn't Understand”
— Business Insider, Gary Shilling
“It’s a black box and I’m not a believer in black boxes. I’m just very suspicious of things that are not transparent. If I can’t understand it, I don’t want to invest in it.”
Price at death
$4,755
Today
$73,594
Resurrection
×15.5
On 2017-10-10, Gary Shilling (Financial Analyst) declared Bitcoin dead via Business Insider. Bitcoin was trading at ~$4,755 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 10, 2017, when one Bitcoin traded for approximately $4,755. Since then, Bitcoin has appreciated by 15.5× relative to the price on the day Business Insider pronounced it finished.