⸺ Obituary · December 4, 2020 ⸺
“Bitcoin 'Too Volatile' To Be Store Of Value: Steve Forbes”
— Decrypt, Steve Forbes
“Bitcoin remains too volatile to be a long-term store of value like gold has traditionally done. Bitcoin’s arbitrary supply limit will severely hinder its future usefulness.”
Price at death
$18,657
Today
$73,594
Resurrection
×3.9
On 2020-12-04, Steve Forbes (Chairman and Editor-in-Chief, Forbes) declared Bitcoin dead via Decrypt. Bitcoin was trading at ~$18,657 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 4, 2020, when one Bitcoin traded for approximately $18,657. Since then, Bitcoin has appreciated by 3.9× relative to the price on the day Decrypt pronounced it finished.