⸺ Obituary · March 7, 2016 ⸺

“Death Sentence For The World’s Most Popular Cryptocurrency”

Cointelegraph

David Yermack

“Bitcoin will soon be dead, claims David Yermack, chairman of the Finance Department at NYU’s Stern School of Business. He blames the democratic process of decision-making in the Bitcoin community for the cryptocurrency’s problems.”

Price at death

$413

Today

$61,577

Resurrection

×149

On 2016-03-07, David Yermack (Chairman of Finance department, NYU Stern) declared Bitcoin dead via Cointelegraph. Bitcoin was trading at ~$413 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on March 7, 2016, when one Bitcoin traded for approximately $413. Since then, Bitcoin has appreciated by 149× relative to the price on the day Cointelegraph pronounced it finished.

Read the original →

← Earlier death

“Dumb Investment Of The Week: Bitcoin Investment Trust”

Later death →

“Performing An Autopsy On The Bitcoin”

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