⸺ Obituary · August 30, 2018 ⸺
“Bitcoin And Other Cryptocurrencies Are Useless”
“But as things stand there is little reason to think that cryptocurrencies will remain more than an overcomplicated, untrustworthy casino.”
Price at death
$6,982
Today
$61,577
Resurrection
×8.8
On 2018-08-30, Economist declared Bitcoin dead. Bitcoin was trading at ~$6,982 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 30, 2018, when one Bitcoin traded for approximately $6,982. Since then, Bitcoin has appreciated by 8.8× relative to the price on the day Economist pronounced it finished.
