⸺ Obituary · December 25, 2017 ⸺
“Morgan Stanley Says The True Price Of Bitcoin Might Be Zero”
— Business Insider, James Faucette
“Morgan Stanley analyst James Faucette and his team sent a research note to clients a few days ago suggesting that the real value of bitcoin might be … $0.”
Price at death
$13,917
Today
$73,495
Resurrection
×5.3
On 2017-12-25, James Faucette (Analyst, Morgan Stanley) declared Bitcoin dead via Business Insider. Bitcoin was trading at ~$13,917 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 25, 2017, when one Bitcoin traded for approximately $13,917. Since then, Bitcoin has appreciated by 5.3× relative to the price on the day Business Insider pronounced it finished.