⸺ Obituary · May 4, 2017 ⸺

“The Beginning Of The End For Bitcoin”

Daily Reckoning

Ray Blanco

“Bitcoin itself, it’s doomed. The end is near. Soon as Congress has a reason, they figure out how to shut it down. You mark my words. Too many banks have too much to lose. And if we know one thing, it’s that big banks and Congress are part of the same beast….”

Price at death

$1,516

Today

$61,577

Resurrection

×40.6

On 2017-05-04, Ray Blanco (Tech Writer) declared Bitcoin dead via Daily Reckoning. Bitcoin was trading at ~$1,516 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on May 4, 2017, when one Bitcoin traded for approximately $1,516. Since then, Bitcoin has appreciated by 40.6× relative to the price on the day Daily Reckoning pronounced it finished.

Read the original →

← Earlier death

“The Rise And Fall Of Bitcoin (And The New Kid On The Blockchain)”

Later death →

“The Death Of Bitcoin”

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