⸺ Obituary · January 4, 2018 ⸺
“Investor Who Called Last Two Major Market Crashes Says Bitcoin Is A Bubble”
— CNBC, Jeremy Grantham
“Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble.”
Price at death
$15,155
Today
$73,594
Resurrection
×4.9
On 2018-01-04, Jeremy Grantham (Investor) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$15,155 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 4, 2018, when one Bitcoin traded for approximately $15,155. Since then, Bitcoin has appreciated by 4.9× relative to the price on the day CNBC pronounced it finished.