⸺ Obituary · February 20, 2018 ⸺
“No-One Will Pick Up Bitcoin, Warns SA’s Central Bank Governor”
— Business Insider South Africa, Lesetja Kganyago
“Lesetja Kganyago, the incoming chair of the International Monetary Fund’s policy advisory committee, says cryptocurrencies pose no threat to the reserve currencies of the world.”
Price at death
$11,228
Today
$73,507
Resurrection
×6.5
On 2018-02-20, Lesetja Kganyago (Govenor, SA Central Bank) declared Bitcoin dead via Business Insider South Africa. Bitcoin was trading at ~$11,228 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 20, 2018, when one Bitcoin traded for approximately $11,228. Since then, Bitcoin has appreciated by 6.5× relative to the price on the day Business Insider South Africa pronounced it finished.