⸺ Obituary · November 12, 2015 ⸺

“UBS Chairman: Bitcoin Currency Will Fail, Has No Lender Of Last Resort”

Finance Magnates

Axel Weber

“Private currencies will fail to take off because there is no lender of last resort- there will always be boom and bust.”

Price at death

$337

Today

$61,577

Resurrection

×183

On 2015-11-12, Axel Weber (Chairman, UBS) declared Bitcoin dead via Finance Magnates. Bitcoin was trading at ~$337 at the time. The call joins the growing canon of premature obituaries.

The declaration was catalogued on November 12, 2015, when one Bitcoin traded for approximately $337. Since then, Bitcoin has appreciated by 183× relative to the price on the day Finance Magnates pronounced it finished.

Read the original →

← Earlier death

“Jamie Dimon: Bitcoin Will Not Survive”

Later death →

“More Dirt On The Bitcoin”

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