⸺ Obituary · September 12, 2017 ⸺

“JPMorgan CEO Jamie Dimon Says Bitcoin Is A Fraud That Will Eventually Blow Up”

CNBC

Jamie Dimon

Photo: Lauren Hurley / No 10 Downing Street (OGL v3.0), via Wikimedia Commons

“It’s just not a real thing, eventually it will be closed. It’s worse than tulip bulbs. It won’t end well.”

Price at death

$4,148

Today

$61,577

Resurrection

×14.8

On 2017-09-12, Jamie Dimon (CEO, JP Morgan Chase) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$4,148 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on September 12, 2017, when one Bitcoin traded for approximately $4,148. Since then, Bitcoin has appreciated by 14.8× relative to the price on the day CNBC pronounced it finished.

“Bitcoin Is In A Bubble, And Here's How It's Going To Crash”

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