⸺ Obituary · February 10, 2018 ⸺
“‘Bitcoin Price Is Pure Speculation’ Bank Of Austria Chief Attacks Popular Cryptocurrency”
— Express, Kurt Pribil
“Bitcoin etc. are by no means currencies, because there is definitely no real value. These so-called cryptocurrencies are pure speculative objects.”
Price at death
$8,557
Today
$73,594
Resurrection
×8.6
On 2018-02-10, Kurt Pribil (Governing Board Member, Austrian National Bank) declared Bitcoin dead via Express. Bitcoin was trading at ~$8,557 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 10, 2018, when one Bitcoin traded for approximately $8,557. Since then, Bitcoin has appreciated by 8.6× relative to the price on the day Express pronounced it finished.