⸺ Obituary · November 17, 2016 ⸺
“Circle CEO: Nobody Will Be Using Bitcoin In 5 To 10 Years”
— Coin Journal, Jeremy Allaire
““Our view is that we’re still in the really early stages of the technology and its development. It’s highly unlikely that any of us will be using Bitcoin in five or ten years. In the same way that – how many of us use NCSA Mosaic or Netscape Navigator?””
Price at death
$735
Today
$73,594
Resurrection
×100
On 2016-11-17, Jeremy Allaire (CEO, Circle) declared Bitcoin dead via Coin Journal. Bitcoin was trading at ~$735 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 17, 2016, when one Bitcoin traded for approximately $735. Since then, Bitcoin has appreciated by 100× relative to the price on the day Coin Journal pronounced it finished.