⸺ Obituary · December 6, 2017 ⸺
“Greenspan Compares Bitcoin To Colonial America Currency That Eventually Became Worthless”
— CNBC, Alan Greenspan
“Former Federal Reserve Chairman Alan Greenspan told CNBC on Wednesday that bitcoin reminds him of currency issued during America’s Colonial past that ultimately proved worthless. “Humans buy all sorts of things that aren’t worth anything,” Greenspan said. “People gamble in casinos when the odds are against them. It has never stopped anybody.””
Price at death
$13,709
Today
$73,565
Resurrection
×5.4
On 2017-12-06, Alan Greenspan (Former Chairman, Federal Reserve) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$13,709 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 6, 2017, when one Bitcoin traded for approximately $13,709. Since then, Bitcoin has appreciated by 5.4× relative to the price on the day CNBC pronounced it finished.