⸺ 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

$61,577

Resurrection

×15.8

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 15.8× relative to the price on the day CNBC pronounced it finished.

Read the original →

← Earlier death

“Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero”

Later death →

“Stay Away From Bitcoin, It's An Absolute Bubble, Says Tocqueville's Hathaway”

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