⸺ Obituary · February 27, 2017 ⸺
“Bitcoin Will Never Be A Financial Mainstay”
— Finance Feeds, Andrew Saks-McLeod
“Bitcoin, with all the noise and talk of large scale acquisitions, is just a playground for those wanting a quick buck and will never be part of the genuine electronic financial markets economy.”
Price at death
$1,194
Today
$73,594
Resurrection
×61.6
On 2017-02-27, Andrew Saks-McLeod (Finance Journalist) declared Bitcoin dead via Finance Feeds. Bitcoin was trading at ~$1,194 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on February 27, 2017, when one Bitcoin traded for approximately $1,194. Since then, Bitcoin has appreciated by 61.6× relative to the price on the day Finance Feeds pronounced it finished.