⸺ 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
$73,594
Resurrection
×1.6
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 59% relative to the price on the day CNBC pronounced it finished.