⸺ Obituary · June 21, 2020 ⸺
“The Value Of Bitcoin Will Drop To Zero”
— Cointelegraph, Jim Rogers
““Those who use cryptocurrency think they are smarter than their governments,” Rogers said to AERA dot. “In fact, I think they are correct. But their governments have something that crypto people don’t have. That is guns. The reason why I think cryptocurrency will be gone eventually is that it is not based on the armed force of governments’ power.””
Price at death
$9,339
Today
$73,562
Resurrection
×7.9
On 2020-06-21, Jim Rogers (Investor) declared Bitcoin dead via Cointelegraph. Bitcoin was trading at ~$9,339 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on June 21, 2020, when one Bitcoin traded for approximately $9,339. Since then, Bitcoin has appreciated by 7.9× relative to the price on the day Cointelegraph pronounced it finished.