⸺ Obituary · August 14, 2019 ⸺
“BTC Value Will Crash 99%”
— CCN, Ed Butowsky
“Even the smartest dealmakers in the world have been fooled by hype, and overestimated an asset’s true value. Bitcoin will end up virtually worthless, just like Tumblr, because its true value is next to nothing.”
Price at death
$10,036
Today
$73,594
Resurrection
×7.3
On 2019-08-14, Ed Butowsky (Financial Advisor / Wealth Manager) declared Bitcoin dead via CCN. Bitcoin was trading at ~$10,036 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 14, 2019, when one Bitcoin traded for approximately $10,036. Since then, Bitcoin has appreciated by 7.3× relative to the price on the day CCN pronounced it finished.