⸺ Obituary · May 5, 2017 ⸺
“The Death Of Bitcoin”
— Daily Reckoning, Matt Insley
“Similar to the disruptive technologies I listed above, Bitcoin will undergo the standard lifecycle of development… and I believe that will include swift, sweeping government regulation. Similar to gun control, car insurance, cyber regulation and more… However, unlike most of those other technologies, I don’t think Bitcoin will survive this deathblow of regulation.”
Price at death
$1,512
Today
$73,545
Resurrection
×48.6
On 2017-05-05, Matt Insley (Author) declared Bitcoin dead via Daily Reckoning. Bitcoin was trading at ~$1,512 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on May 5, 2017, when one Bitcoin traded for approximately $1,512. Since then, Bitcoin has appreciated by 48.6× relative to the price on the day Daily Reckoning pronounced it finished.