⸺ Obituary · January 23, 2019 ⸺
“Bitcoin Will Go To Zero: Davos Talks Up The Future Of Blockchain Tech”
— CNBC, Jeff Schumacher
““I do believe it will go to zero. I think it’s a great technology but I don’t believe it’s a currency. It’s not based on anything,” Jeff Schumacher, founder of BCG Digital Ventures, said during a CNBC-hosted panel in Davos, Switzerland.”
Price at death
$3,576
Today
$73,525
Resurrection
×20.6
On 2019-01-23, Jeff Schumacher (Founder, BCG Digital Ventures) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$3,576 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 23, 2019, when one Bitcoin traded for approximately $3,576. Since then, Bitcoin has appreciated by 20.6× relative to the price on the day CNBC pronounced it finished.