⸺ Obituary · December 20, 2018 ⸺
“Bitcoin's Terrible 2018 Doesn't Bode Well For The Future Of Crypto”
— engadget, Daniel Cooper
“Bitcoin was never more than a vehicle for tax evaders and grifters to burn carbon in the hope of scoring a hot new Lambo. It represents all of our worst excesses, and it does so at a huge cost both to the people and our planet. Perhaps now that the investment has dwarfed the potential return, this collective hysteria will end. At least until the next one comes along.”
Price at death
$4,108
Today
$73,401
Resurrection
×17.9
On 2018-12-20, Daniel Cooper (Senior Editor, engadget) declared Bitcoin dead via engadget. Bitcoin was trading at ~$4,108 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 20, 2018, when one Bitcoin traded for approximately $4,108. Since then, Bitcoin has appreciated by 17.9× relative to the price on the day engadget pronounced it finished.