⸺ Obituary · November 14, 2017 ⸺
“One Of Asia's Largest Banks Says Bitcoin Is A Ponzi Scheme”
— CNBC, David Gledhill
“We see bitcoin as a bit of a Ponzi scheme,” David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday.”
Price at death
$6,599
Today
$73,594
Resurrection
×11.2
On 2017-11-14, David Gledhill (Banker) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$6,599 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 14, 2017, when one Bitcoin traded for approximately $6,599. Since then, Bitcoin has appreciated by 11.2× relative to the price on the day CNBC pronounced it finished.