⸺ Obituary · December 7, 2017 ⸺
“Bitcoin Boom May Be A Disaster For The Environment”
— CNN, John Quiggin
“The CME futures may institutionalize bitcoin, which would be disastrous [for the environment].”
Price at death
$16,858
Today
$73,538
Resurrection
×4.4
On 2017-12-07, John Quiggin (Professor, University of Queensland) declared Bitcoin dead via CNN. Bitcoin was trading at ~$16,858 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 7, 2017, when one Bitcoin traded for approximately $16,858. Since then, Bitcoin has appreciated by 4.4× relative to the price on the day CNN pronounced it finished.