⸺ Obituary · November 27, 2017 ⸺
“Time To Sell Your Bitcoins: Cryptocurrencies Success A Bubble, Central Bankers Around The World Warn”
— Financial Express
“Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble….The problem with bitcoin is that it could easily blow up and central banks could then be accused of not doing anything,” ….although technology is revolutionising banking, digital currencies will not replace physical money anytime soon. “It’s too far off.””
Price at death
$9,739
Today
$73,507
Resurrection
×7.5
On 2017-11-27, Financial Express declared Bitcoin dead. Bitcoin was trading at ~$9,739 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 27, 2017, when one Bitcoin traded for approximately $9,739. Since then, Bitcoin has appreciated by 7.5× relative to the price on the day Financial Express pronounced it finished.