⸺ Obituary · September 13, 2017 ⸺

“Bitcoin Is In A Bubble, And Here's How It's Going To Crash”

CNBC

Ron Insana

“Computer, biotech, internet shares and real estate, and all crashed when excessive optimism far outweighed the more rational expectations normally associated with prudent investing. So too will be the case with bitcoin.”

Price at death

$3,874

Today

$61,577

Resurrection

×15.9

On 2017-09-13, Ron Insana (Finance Reporter) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$3,874 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on September 13, 2017, when one Bitcoin traded for approximately $3,874. Since then, Bitcoin has appreciated by 15.9× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“JPMorgan CEO Jamie Dimon Says Bitcoin Is A Fraud That Will Eventually Blow Up”

Later death →

“JPMorgan's Top Quant Strategist, Echoing CEO, Compares Bitcoin To Pyramid Scheme”

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