⸺ Obituary · December 18, 2017 ⸺
“The Swedish Co-Founder Of Bitcoin.Com Has Sold All His Bitcoins”
— Business Insider, Emil Oldenburg
“The old bitcoin network is virtually useless. Many bitcoin investors haven’t understood these risks because they have only been buying the cryptocurrency – but never sold or traded them. As soon as people realize that this is how it works, they will start to sell.”
Price at death
$18,961
Today
$73,565
Resurrection
×3.9
On 2017-12-18, Emil Oldenburg (CTO, Bitcoin.com) declared Bitcoin dead via Business Insider. Bitcoin was trading at ~$18,961 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 18, 2017, when one Bitcoin traded for approximately $18,961. Since then, Bitcoin has appreciated by 3.9× relative to the price on the day Business Insider pronounced it finished.