⸺ Obituary · April 20, 2021 ⸺
“It Will Be Ugly": Bitcoin Bear Gives 2 Reasons Why He Thinks The ‘Bubble’ Is Going To Burst”
— CNBC, Stephen Isaacs
“I don’t know where it will end or how it will end, but it will end. And when it ends, it will be ugly because there will be nothing there.”
Price at death
$56,499
Today
$73,594
Resurrection
×1.3
On 2021-04-20, Stephen Isaacs (Chairman of the Investment Committee, Alvine Capital) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$56,499 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 20, 2021, when one Bitcoin traded for approximately $56,499. Since then, Bitcoin has appreciated by 30% relative to the price on the day CNBC pronounced it finished.