⸺ Obituary · October 29, 2014 ⸺
“Where Did Bitcoin Go Wrong?”
— CNN, Jeffrey Robinson
“Bitcoin is not [the future]. It is a step along the way and will eventually disintegrate. . . . As a currency [Bitcoin] is almost negligible against anything. It can’t stand toe-to-toe with the Cuban Peso. . . . With Bitcoin the pretend currency, what you see is not what you get.”
Price at death
$333
Today
$73,594
Resurrection
×221
On 2014-10-29, Jeffrey Robinson (Author) declared Bitcoin dead via CNN. Bitcoin was trading at ~$333 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on October 29, 2014, when one Bitcoin traded for approximately $333. Since then, Bitcoin has appreciated by 221× relative to the price on the day CNN pronounced it finished.