⸺ Obituary · January 13, 2019 ⸺
“Bitcoin Will Still Bite The Dust”
— CoinDesk, Kevin Dowd
“Does the subsequent price behavior of bitcoin mean my prediction was wrong? No. I still think that the long-run equilibrium price of bitcoin is zero. It just hasn’t bitten the dust yet.”
Price at death
$3,540
Today
$73,565
Resurrection
×20.8
On 2019-01-13, Kevin Dowd (Economist) declared Bitcoin dead via CoinDesk. Bitcoin was trading at ~$3,540 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 13, 2019, when one Bitcoin traded for approximately $3,540. Since then, Bitcoin has appreciated by 20.8× relative to the price on the day CoinDesk pronounced it finished.