⸺ Obituary · April 15, 2015 ⸺
“Bitreserve's New COO: Bitcoin Will Go Away In 5 Years”
— Coinfox, Anthony Watson
““I’ll be surprised if bitcoin is here in five years,” he said. “It’s a means to an end. The value of bitcoin isn’t the currency, but the technology. I think once the world becomes more accustomed and attuned to the platform of bitcoin, the noise will go away, and the currency will go away too. The real transformation is the idea of taking all barriers down and having it be ubiquitous. Whatever currency or commodity you want to transact in, you can, and you can do it for free. That’s pretty revolutionary.””
Price at death
$224
Today
$73,594
Resurrection
×329
On 2015-04-15, Anthony Watson (CEO, Bitreserve) declared Bitcoin dead via Coinfox. Bitcoin was trading at ~$224 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on April 15, 2015, when one Bitcoin traded for approximately $224. Since then, Bitcoin has appreciated by 329× relative to the price on the day Coinfox pronounced it finished.