⸺ Obituary · June 13, 2017 ⸺
“Raoul Pal: Bitcoin Is A Mania”
Raoul Pal
“This revolutionary digital infrastructure will soon be able to process billions more transactions than Bitcoin ever has. It may well be a Bitcoin killer or at best, provide the framework for how blockchain technology could be applied in the real world.”
Price at death
$2,739
Today
$61,577
Resurrection
×22.5
On 2017-06-13, Raoul Pal (Economist) declared Bitcoin dead via Business Insider. Bitcoin was trading at ~$2,739 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 13, 2017, when one Bitcoin traded for approximately $2,739. Since then, Bitcoin has appreciated by 22.5× relative to the price on the day Business Insider pronounced it finished.
