⸺ Obituary · April 5, 2018 ⸺
“Bitcoin Is ‘Worthless’ And Will Perform Worse Than Stocks In The Coming Months, Analyst Says”
— CNBC
Price at death
$7,127
Today
$67,440
Resurrection
×9.5
On 2018-04-05, CNBC declared Bitcoin dead. Bitcoin was trading at ~$7,127 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 5, 2018, when one Bitcoin traded for approximately $7,127. Since then, Bitcoin has appreciated by 9.5× relative to the price on the day CNBC pronounced it finished.