⸺ Obituary · January 13, 2019 ⸺

“Bitcoin Will Still Bite The Dust”

CoinDesk

Kevin Dowd

Photo: Wikibéral (CC BY 1.0), via Wikimedia Commons

“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

$61,577

Resurrection

×17.4

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 17.4× relative to the price on the day CoinDesk pronounced it finished.

Read the original →

← Earlier death

“Cryptocurrencies A ‘Load Of Nonsense'”

Later death →

“Bitcoin Will Go To Zero: Davos Talks Up The Future Of Blockchain Tech”

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