⸺ Obituary · September 12, 2017 ⸺
“JPMorgan CEO Jamie Dimon Says Bitcoin Is A Fraud That Will Eventually Blow Up”
— CNBC, Jamie Dimon
“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
$73,594
Resurrection
×17.7
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 17.7× relative to the price on the day CNBC pronounced it finished.