⸺ Obituary · September 19, 2017 ⸺
“Bridgewater Founder Ray Dalio: Bitcoin Is A Bubble”
— CNBC, Ray Dalio
“Bitcoin is a bubble.”
Price at death
$3,897
Today
$73,545
Resurrection
×18.9
On 2017-09-19, Ray Dalio (Hedge Fund Manager) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$3,897 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 19, 2017, when one Bitcoin traded for approximately $3,897. Since then, Bitcoin has appreciated by 18.9× relative to the price on the day CNBC pronounced it finished.