⸺ Obituary · April 23, 2021 ⸺
“‘Black Swan’ Author Calls Bitcoin A ‘Gimmick’ And A ‘Game,’ Says It Resembles A Ponzi Scheme”
— CNBC, Nassim Nicholas Taleb
“I realized it was not a currency without a government. It was just pure speculation. It’s just like a game ... I mean, you can create another game and call it a currency.”
Price at death
$51,161
Today
$73,525
Resurrection
×1.4
On 2021-04-23, Nassim Nicholas Taleb (Essayist, Scholar, Former Trader) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$51,161 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 23, 2021, when one Bitcoin traded for approximately $51,161. Since then, Bitcoin has appreciated by 44% relative to the price on the day CNBC pronounced it finished.