⸺ Obituary · June 21, 2020 ⸺

“The Value Of Bitcoin Will Drop To Zero”

Cointelegraph

Jim Rogers

Photo: FDV (CC BY-SA 3.0), via Wikimedia Commons

““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

$61,577

Resurrection

×6.6

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 6.6× relative to the price on the day Cointelegraph pronounced it finished.

“Bitcoin Has No Value To Store”

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