⸺ Obituary · June 1, 2020 ⸺
“BTC Has No Utility”
— CoinGeek, Patrick Thompson
“BTC has no utility because software developers cannot build platforms and services with the BTC protocol. Therefore, it is not possible to create goods and services with BTC that bring real value to people’s lives and improve the world.”
Price at death
$9,565
Today
$73,594
Resurrection
×7.7
On 2020-06-01, Patrick Thompson (Journalist) declared Bitcoin dead via CoinGeek. Bitcoin was trading at ~$9,565 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 1, 2020, when one Bitcoin traded for approximately $9,565. Since then, Bitcoin has appreciated by 7.7× relative to the price on the day CoinGeek pronounced it finished.