⸺ Obituary · July 12, 2015 ⸺
“Bitcoin Will Bite The Dust”
— Cato Journal, Kevin Dowd
“Even in the unlikely event that it survives into the medium run, we would still rate its longer-term chance of survival as zero.”
Price at death
$310
Today
$73,490
Resurrection
×237
On 2015-07-12, Kevin Dowd (Economist) declared Bitcoin dead via Cato Journal. Bitcoin was trading at ~$310 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 12, 2015, when one Bitcoin traded for approximately $310. Since then, Bitcoin has appreciated by 237× relative to the price on the day Cato Journal pronounced it finished.