⸺ Obituary · October 23, 2017 ⸺
“Prince Alwaleed Says Bitcoin Will Implode: Enron In The Making”
— CNBC, Prince Alwaleed bin Talal
“I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making.”
Price at death
$5,895
Today
$73,545
Resurrection
×12.5
On 2017-10-23, Prince Alwaleed bin Talal (Businessman) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$5,895 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 23, 2017, when one Bitcoin traded for approximately $5,895. Since then, Bitcoin has appreciated by 12.5× relative to the price on the day CNBC pronounced it finished.