⸺ Obituary · September 15, 2017 ⸺
“JPMorgan's Top Quant Strategist, Echoing CEO, Compares Bitcoin To Pyramid Scheme”
— CNBC, Marko Kolanovic
“JPMorgan’s top quant strategist backed his boss this week in bashing bitcoin, warning that the cryptocurrency is likely a “pyramid scheme.””
Price at death
$3,687
Today
$73,594
Resurrection
×20.0
On 2017-09-15, Marko Kolanovic (Researcher, JP Morgan) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$3,687 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 15, 2017, when one Bitcoin traded for approximately $3,687. Since then, Bitcoin has appreciated by 20.0× relative to the price on the day CNBC pronounced it finished.