⸺ Obituary · December 17, 2021 ⸺

“Bitcoin May Not Last That Much Longer”

CNBC

Eswar Prasad

“Some of the newer cryptocurrencies use blockchain technology far more efficiently than bitcoin does.”

Price at death

$46,172

Today

$61,577

Resurrection

×1.3

On 2021-12-17, Eswar Prasad (Professor, Cornell University) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$46,172 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on December 17, 2021, when one Bitcoin traded for approximately $46,172. Since then, Bitcoin has appreciated by 33% relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“Bitcoin Could Become ‘Worthless’, Bank of England Warns”

Later death →

“Why Bitcoin Is Worse Than A Madoff-Style Ponzi Scheme”

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