⸺ Obituary · January 8, 2019 ⸺
“Cryptocurrencies A ‘Load Of Nonsense'”
— CCN, Ardo Hansson
“Ardo Hansson, the governor of Bank of Estonia, has claimed that cryptocurrencies would die as a complete load of nonsense while speaking at “5 Years with the Euro” conference in Latvia. The policymaker assured that the bubble has already started to collapse and it should continue to do unless the market reaches “a new kind of equilibrium.” “I think we will come back a few years from now and say how could we ever have gotten into this situation where we believed this kind of a fairy-tale story,” said Hansson.”
Price at death
$4,030
Today
$73,594
Resurrection
×18.3
On 2019-01-08, Ardo Hansson (Governor of Bank of Estonia) declared Bitcoin dead via CCN. Bitcoin was trading at ~$4,030 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 8, 2019, when one Bitcoin traded for approximately $4,030. Since then, Bitcoin has appreciated by 18.3× relative to the price on the day CCN pronounced it finished.