⸺ Obituary · July 12, 2018 ⸺
“Bitcoin Will Die”
— CoinGape, Joseph Carson
“Unless Bitcoin is able to become more efficient at mining, and more stable overall, it is likely to die. These higher mining costs and the fact that more retailers are failing to accept bitcoin as payment – as they are unable to convert it as it is too expensive – will mean the end of it.”
Price at death
$6,246
Today
$73,594
Resurrection
×11.8
On 2018-07-12, Joseph Carson (Chief Security Scientist, Thycotic Software) declared Bitcoin dead via CoinGape. Bitcoin was trading at ~$6,246 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 12, 2018, when one Bitcoin traded for approximately $6,246. Since then, Bitcoin has appreciated by 11.8× relative to the price on the day CoinGape pronounced it finished.